Overview
A corporate return is always more sophisticated than a personal return, mainly because of all the other key aspects that flow along with running a successful business. A few items we at Paul Gupta & Associates cover in regards to your corporate return are:
Compliance Services
Preparing corporate income tax and information returns, tax estimates and installments
Filing tax elections
Accounting services for income taxes
Preparing T4s and T5s
Tax reporting for partnerships, joint ventures, commercial mutual funds and other business structures
Corresponding with the federal and provincial authorities on your behalf
Improving your internal tax processes
GST/HST filings
Corporate Tax Planning
Identifying tax opportunities in your business to minimize taxes
Reviewing the effectiveness of your business structures
Advising on the tax implications of proposed transactions
Assisting with corporate reorganizations, asset transfers, amalgamations and wind-ups
Reviewing shareholders’ agreements
We also specialize in IT professionals that incorporate a company and work on a subcontract basis.
It pays to get your business books ‘accountant ready’.
If you have a corporation, we’ll prepare your books and get them ‘accountant ready’ for annual tax return preparation – saving your accountant time and you money!
Tax Preparation Services For The Life of Your Business
From start-up to retirement and/or the sale of your business, our tax professionals can help you plan properly and mitigate tax liabilities. Our experience crosses all areas of personal and corporate taxation, helping business owners feel confident that their ‘full financial picture’ is considered in any strategic decisions.
Year Round Service
We work with you all year long as part of your business and tax management team. We interact and communicate with your lawyers and financial planners to ensure that all aspects of your corporate tax position are streamlined.
Other details
If you have a corporation, we’ll prepare your books and get them ‘accountant ready’ for annual tax return preparation – which will save you on the corp filing fee as their will be less adjustments for us to make.
It is very important when self employed to keep in constant touch with your accountant throughout the year to avoid penalties/interest and late filing.
Also will help to keep you on a straight line and catch wrongdoings before it is too late.