Corporate Tax Accountant Toronto
As one of Toronto’s premier corporate tax accounting firms, at Hart Accounting Services, we understand the challenges companies face regarding taxes. That’s why we tailor our services to our clients’ needs, allowing us to provide the best service possible.
Whether you’re looking for assistance with your corporate tax returns or would prefer a more comprehensive set of accounting services, we have the expertise to help your company reach new heights.
Canadian corporate tax regulations frequently change, resulting in significant tax implications on how you run your business. For instance, many companies get caught because they have to file a T2 return every tax year, even if they have no taxes payable.
Failing to meet corporate tax deadlines or incorrectly managing your returns can have serious consequences for your business. The CRA frequently conducts audits on suspicious returns, which may result in a months-long, extensive investigation of your company. You may also receive one of several penalties for missing deadlines, which can affect your company’s performance in the coming fiscal year.
Making strong corporate decisions rests on understanding the financial position of your company. Reliable corporate accounting services are about more than just generating end-of-year documents—they’re about providing you with a comprehensive overview of your company’s financial health.
In addition to filing corporate tax returns, we offer several other tax services as well. For example, we provide nil-return filing for inactive or dormant companies to avoid tax penalties in the future.
Our team of innovative tax accountants will employ several strategies to ensure that your company pays as little income tax as legally possible, saving you money that you can reinvest back into your organization.
We offer customized services to all our corporate clients. Depending on your situation, we offer:
- T2 corporate income tax return filing
- Translating of accounting statements into GIFI tax statements
- Strategic and innovative tax planning
- Filing of nil tax returns
As far as possible, we endeavor to be a paperless office, relying instead on digital services to manage your finances and taxes. We’ve found that doing so has given us an edge during the COVID-19 epidemic, allowing us to function normally while our competitors have struggled with access to corporate documents.
We place a large emphasis on our clients and their convenience. We gear every aspect of our process towards saving you time and money when filing your corporate tax returns. From automated digital systems to remote meetings, we use modern technology to make your tax filing as straightforward as possible.
More and more corporate entities are moving to bespoke accounting firms to manage their accounts and taxes. Here are just a couple of reasons to consider hiring an accounting firm like ours:
- Attentive to your needs: We pride ourselves on knowing each of our clients inside-out, and we use to put this knowledge to good use. In addition to managing your taxes, we can provide a wide range of advice about how to take your company to the next level.
- Comprehensive approach: Instead of just doing your taxes, our holistic approach means that we see your business as a single entity. We offer personalized service that includes handling any queries you may have regarding your company’s financial situation at any time.
- Low cost: We offer competitive rates and customized plans to maximize your tax return savings.
- Meticulous filling: In addition to helping you fill in the requisite forms, we analyze your financial statements and company information to ensure an accurate filing. Doing so prevents any unwanted, costly, and time-consuming audits in the future.
Frequently Asked Questions
Here are some questions business owners frequently ask when they consider hiring bookkeeping services
What should I look for when choosing a corporate accountant?
Toronto has hundreds of accountants, which makes choosing the right fit very challenging. We recommend sticking to companies that have experienced corporate tax specialists with a proven track record. We also recommend meeting with several companies before choosing the right one for you.
It’s also a good idea to find a company that keeps up with technological developments. Innovative accountants are more likely to find novel ways of reducing your tax burden while providing you with customized and convenient service.
Does my business need a corporate tax accountant?
Small businesses often make the mistake of assuming they don’t need an accountant. However, regardless of your company’s size, you should have an accountant on hand to help with corporate tax filing, at the very least.
When it comes to us, we believe that no business is too small or too big. We’ve assisted hundreds of clients with their taxes, and we can do the same for you.
What are foreign tax credits?
Businesses that operate across Canadian borders may be eligible for foreign tax credits in the other country. We can help you unravel the required legislation and navigate the forms required to qualify for foreign tax credits. Our experienced international team will also help you with additional tax reporting if necessary.