Are you Paying more Business Tax than you should?
Taxes are very important for government. All corporate and business in Canada pay their due taxes on business incomes. However tax filing is a very specialized knowledge and even though any business owner can file the business tax without any professional help, such a tax filing may have many errors or many tax benefits offered by the government might not have been properly exploited. Not hiring a proficient business Tax Accountant would mean paying more tax dollars than you really ought to. Is this is desirable scenario?
Taxes shrink your Business Incomes
With competition getting stiffer in all business categories, incomes are shrinking and taxes are rising by the day. Being careless about business tax can mean doling out extra dollars to tax authorities of Canada or your province out of your hard earned business income. Why should you allow this to happen? Tax laws are often complicated and then there are so many laws that it is easy for a layman to get confused and just pay as per the obvious income and the tax bracket against it. A smart business Tax accountant will guide you a plethora of ways in which you can save large amounts of business income from the jaws of taxation authorities.
You deserve Tax breaks
Business tax accountant are hardcore professionals and they can see all the loopholes in the tax dragnet which a layman cannot. This in no way means that such professionals play dirty with the authorities. Government’s tax policies are so formulated that they offer tax breaks to honest businesses. Apart from this, tax is deducted against the business income earned and so higher the calculation of income, greater would be the tax liability. A smart tax accountant will be able to shrink your business income on papers to minimize your tax liabilities with absolutely legal measures provided under the tax laws and would keep business abreast with all the latest changes in the tax environment of the country. For example, Canadian government has introduced special Business Tax Efiling norms starting 2003 and any failure to comply can result in penalties for the defaulting business.
Leave your Tax worries to us
At MH Small Business Tax Services, a Toronto based Tax accountant service firm, we provide high quality business tax solutions that keep your business free from any income leakage via the tax route. We help your business retain maximum income by smart tax saving strategies and by taking maximum benefit of tax breaks available. We know all the government rules regarding tax submissions including the new Business Tax Efiling procedures. Your business will retain more incomes and you would be focusing all your energies in improving your business opportunities instead of getting entangled in tax problems.
Personal Tax Filing including e-filing
Tax Minimization Strategies
Charitable Giving Strategies
Estate and Gift Planning
Estate Planning, Will Execution & Death Taxes
Tax Filing for Non-Residents of Canada and New Immigrants
Filing Taxes for back years and application of Voluntary Disclosure Program