Why Outsource Law Firm Accounting?
Experience and credibility: We seek to offer you value without compromising on the control you have over certain processes. We go up the value chain and ensure credibility at all times. Manage core law firm functions: When you leave the tax accounting work to us, you can pay attention to areas of your practice that matter most i.e providing the best legal representation.
Improve operations: Because our Chartered Professional Accountant has extensive know-how in taxation and accounting for law firms, you can improve operational efficiencies when you partner with us. Security guaranteed: You can always be confident knowing that records or data regarding your clients is in good hands. We have put in place strict internal security measures to ascertain data protection.
Accounting Services For Lawyers In Toronto
When you hire GTA Accounting Professional Corporation for bookkeeping among other accounting services, your law firm will benefit in the following ways:
- We’ll make sure you’re always in compliance with the Law Society of Upper Canada
avoiding any penalties or issues that risk your reputation.
- We offer an accurate and affordable bookkeeping service
- Get transparent pricing to avoid any surprises
- Access to a Chartered Professional Accountant who has massive experience working with
- We provide customized reports for each business because we understand that you have unique needs
We know how important it is for a law firm to maintain clean and organized accounting books. GTA Accounting Professional Corporation provides bookkeeping services for law firms in Toronto. Unlike other accounting firms in Toronto, we have a Chartered Professional Accountant to handle all your bookkeeping and taxation matters. All our employees are actively involved in the bookkeeping process ensuring your reports are accurate.
Partner with a Company that Cares
At GTA Accounting Professional Corporation, we treat you as a friend and not just a file number. We know how critical it is for your law firm to comply with the regulatory bodies such as the CRA and Ministry of Finance. That’s why the accountant handling your taxation, financial statements or bookkeeping has experience working for law firms in Canada.
We are even able to provide bookkeeping support and training services as requested by the client. Get in touch with us to schedule a free consultation to discuss services that your law firm needs. We’re ready to offer you dependable service at low prices.
Affordable, Accurate and Timely
Want to focus on growing your law firm? Partner with a reliable accounting firm to provide a fast, affordable and accurate accounting service. We will ensure your business is in compliance with the CRA as you focus on growth and profitability. Our main focus is to give you low-cost bookkeeping and tax filing services so you can efficiently run your law firm.
Making sure all your financial reports are accurate is important if you want to be in good standing with the Law Society. Partner with us and we’ll help you get financial insights and information to make critical business decisions. We have a well-tested accounting system for law firms.
FTC (Foreign Tax Credits Or Deductions)
For all the taxes you paid in Canada, you can make a claim for foreign tax credit on your United States tax returns. If you are a green card holder or a U.S. citizen, you must file the 1040 form on yearly basis if you meet a certain income threshold. You may be subject to S.E. tax exemption if you reside in Canada and you are exempted by the Canadian U.S. social security agreement. You will have to file disclosure to this exemption with the 1040 Form.
Other than filing the 1040 Form every year, you may be subject to additional tax reporting. Additional tax reporting may apply if you are a beneficiary or if you own Canadian Mutual Funds. You are also subject to additional U.S. tax reporting if you own or are a beneficiary of Canadian RPPs, RESPs, RRSPs, and TFSAs.
Need Help With Taxes?
Bookkeeping, Tax Strategies and more.
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