Toronto
A corporate and personal tax accountant in Toronto
It is essential to hire a tax return expert. Not only does it ensure compliance with all regulations, but a single entry can result in hefty fines and legal notices from the Canadian Revenue Agency if they are missing. At Filing Taxes, we know how to make sure your business receives the deductions and tax credits it deserves. Our professional accountant is trained in all of these things, so you don’t have to worry about yourself or another company at home.
The Canada Revenue Agency (CRA) is the institution that defines all the rules for commercial vehicle expenses, travel expenses, and marketing expenses. We are familiar with these regulations because our company follows them closely to ensure that you do not pay more or less than you owe during the tax season.
Professional accounting firm in Toronto
Filing Tax Services is here to offer you personalized services that will strengthen your financial future by eliminating the worry of how to best manage tedious paperwork. Individuals who are required to file a tax return will be able to obtain details by T1 source of income and related personal income taxes. We can help you with employment-related financial year reviews so you can more easily take it on your shoulders.
Canadian businesses must file tax returns for each financial year by a set deadline. There are many reasons why you should outsource your accounting and tax work to a professional accountant, one of which is that it is difficult with such tight deadlines. Filing Taxes is an experienced tax firm in Toronto. We understand your individual storage requirements and work in compliance with applicable laws to provide professional services at competitive prices tailored to you.
The T1 tax return package is a comprehensive list that includes all professional activities included in business income. We help small businesses with their tax return depending on their business structures, such as sole proprietorships and partnerships, which must report their income in T1 personal tax returns. We consider you the same as your company, that’s why we work together with them.
Accounting and Bookkeeping services in Toronto
Our team is dedicated to helping small and large businesses grow. If your business reaches a certain size, we offer comprehensive accounting services to make sure you focus on what’s really important. Our services include, for example:
Financial forecasting and budgeting
We help you plan your finances so they are in the best possible position for success. We have personnel experts who can advise you on how to grow or expand your business taking into account any large expenses that may arise such as staff recruitment and salaries.
Preparation of bank reconciliation account statements
CPAs help you make a true and fair comparison of your books with the ability to view both QuickBooks and bank statements. You can choose to make payments on an annual, semi-annual, or monthly basis depending on how often and when the money is needed from us.
Accounts Payable and Accounts Payable
You can easily pay your bills via online banking services such as checks, debit cards, and credit cards. However, you may not be aware of the various methods that exist to properly record these transactions. Unfortunately, a growing company cannot take over your accounts. Let us help you with this
Invoicing and revenues
We offer extensive tax experience not often found outside of a multinational company. Our growing team of specialists offers personalized service, experience, and understanding of the complexities of Canada Revenue Agency tax rules and regulations that will work to your advantage in a competitive market.
Financial reporting
The main goal of accounting is to provide a clear picture of the financial situation and future plans of your business. It’s a way to plan ahead, so it needs to be done right. Our accounting service providers in Toronto will provide you with financial reports for your income statements, balance sheets, and financial statements. You can rest easy knowing we made it. We can prepare a variety of financial reports for companies to provide them with the information they need about their profitability, efficiency, and effectiveness. For this reason, we also offer dashboards.
We provide other bookkeeping services such as double entry accounting in quick books, preparation of journals and ledgers, Preparation of financial statements, trial balance and support statements, Reconciliation of employee wages, and financial statements for non-profit organizations.