Small Business Accountant Brantford​

Reliable accounting is a vital component of any successful business. Your financial statements give you an excellent idea of how well your company is doing and provide objectives to strive toward in the future. Maintaining meticulous records also makes tax filing significantly simpler during one of the most stressful times of the year.

Running your own business already takes up most of your day, and that’s without worrying about maintaining your books. Many small business owners don’t have a finance background and want to spend their time growing their business and doing what they love.

Reliable accounting is a vital component of any successful business. Your financial statements give you an excellent idea of how well your company is doing and provide objectives to strive toward in the future. Maintaining meticulous records also makes tax filing significantly simpler during one of the most stressful times of the year.

Unfortunately, many small business owners can’t dedicate enough time to maintaining their books while focusing on the daily task of running a business. If you’ve ever sat down with a sinking feeling in your stomach looking at a messy pile of invoices and receipts, you’ll understand how valuable an accountant can be.

Not every company can afford a dedicated accounting and tax department, especially if you’re just starting out. Luckily, there are hundreds of accounting firms dedicated to helping small businesses maintain their books and records.

One advantage of working with an accounting firm like Hart Accounting Services is that we understand the unique challenges small business owners face. That’s why we offer personalized services to each of our clients based on their needs and current position.

When you work with us, you won’t be another number in our client book. We believe in developing strong relationships with our clients, far beyond just doing your books. Our accountants are in an excellent position to fully understand your business and give you the advice you need to succeed.

As your business continues to grow, we’ll provide strategic advice on how to proceed while still managing your current finances. We want to see your business thrive and grow for decades to come, with us by your side.

Amazing help, support, and staff. Very professional and friendly folks! I use them for all of my businesses and never have to worry about tax season again.
Chris S.

The very thought of tax season is enough to send most small business owners into a sweat. Even if you’ve filed personal tax returns before, Canadian corporate tax law can be intimidating, confusing, and time-consuming. Even the deadlines are different for small businesses, which can come as a shock for many first-time owners.

The stakes for missing a deadline or filing an incomplete tax return are very high. The CRA imposes heavy penalties for incorrect or incomplete information or failing to follow the correct procedure. You may even have to submit to a time-consuming and stressful audit that can cost your business, both in productivity and resources.

With the penalties so high, it’s worthwhile to work with a reputable tax accountant. At Hart Accounting Services, we have several decades’ worth of combined experience in small business tax law, and we understand the process intimately.

We’ll ensure that you meet your deadlines and that all the information in your return will be correct and complete. Take the stress out of tax season and focus on running your business by letting us at Hart Accounting Services take care of the tedious work.

Meticulous record-keeping is the cornerstone of successful accounting. As a small business, you need to record every commercial transaction, including sales, purchases, taxes, and payroll. Keeping on top of this paperwork can feel overwhelming, especially if you’ve been lax about it in the past.

Poor record-keeping consequences are immediately apparent during tax season when you have to scramble to determine exactly how much income you generated in the past year. It also becomes more difficult to quantify how your business is doing, which can interfere with your ability to foresee and overcome future challenges.

We offer various record-keeping solutions, including cloud-based accounting platforms that make bookkeeping and record-keeping a breeze. If you prefer a hands-off approach, we can even manage your records for you, which will give you the peace of mind that everything in your books is accurate and complete.

Many small businesses operate across Canadian borders, introducing an additional complication to your standard tax filing. Foreign tax credits are a way to ensure that you only pay tax on any business income once, instead of once for each country in which you operate.

You can claim foreign tax credits on any Canadian taxes you’ve paid. To do so, you’ll need to complete the correct form (1040 for green card holders and U.S. citizens) and meet specific reporting requirements.

While foreign tax credits may feel like an extra burden, it’s one that we can handle for you. We’ve worked with many cross-border companies and can guide you through the process. Our accountants will include your FTC claim as part of your Canadian tax return and provide you with a clear idea of how to claim these credits back from your U.S. tax return as well.

Frequently Asked Questions

Here are some questions business owners frequently ask when they consider hiring small business accountant\

Do I really need an accountant?

Many sole proprietors and small businesses think that they can manage their finances independently because their business is relatively simple. However, even a small business can benefit significantly from the advice and expertise of an accountant.

Not only can we help you with your bookkeeping and tax returns, but we can also provide you with strategic planning advice to take your business to the next level. We understand that small business owners have a lot on their minds, so we’ll do as much as we can to give you peace of mind regarding your financial situation.

How do I find the best accountant for my business?

Small business owners are spoiled for choice in Brantford, with hundreds of accounting firms available. It’s a good idea to research potential firms before making a decision. Try to find a firm that fits your needs. A small business does well with an accountant specializing in small business accounting instead of spending a fortune on a big-name firm.

Once you’ve narrowed down your choices to two or three, try to schedule a meeting with each of them to discuss your business and needs. This meeting should give you a good idea of whether your business is a suitable fit for the firm or not. While service price is a consideration, you’ll most likely want to spend the extra money on an accountant whom you feel comfortable with instead of trying to force a bad relationship to work.

Will I have to buy any software?

No. While we recommend using accounting software, we will never force you into making a purchase you don’t want. As part of our comprehensive accounting package, we’ll provide you with an accounting solution and show you how to work with it effectively.

Can I hire an accountant on a one-off basis?

Yes! If all you need is help with your taxes for this year—or some other accounting service—we’re more than happy to assist on a one-off project. Hopefully, our service is good enough that you’ll consider staying on, but we’ll never force our clients to take on services they don’t need.

At Hart Accounting Services, we want to help your business reach new heights. From tax services to comprehensive small business plans, we have the experience and expertise to tackle any accounting problem you may have. Please get in touch with us today and find out what we can do for you!

Contact Us Today

Call Now: (647) 360-7172