Personal Income Tax Accountants in Mississauga
Most people need tax accountants to make their lives easier for the preparation of the taxes. We understand that the preparation of the taxes might be a confusing task. Personal income tax applies to those who are either salaried individuals, contractors, or business owners. However, with excellent planning and attention to detail regarding the tax, you can make sure that you save your income as much as possible. This is where GTA Accounting comes to your rescue.
GTA Accounting has the required expertise regarding the personal income tax in Mississauga. We will thoroughly guide you about the income taxes and makes sure that you don’t pay a dime more than the requirement by the CRA.
Once you partner with us, you don’t have to be stressed regarding any of your taxes because we manage the personal income tax and cater to all the financial services required by our clients. We will assist you in reporting your income and losses all year long. Partnering with GTA Accounting is the best decision you'll ever make.
Personal Income Tax Accountants in Mississauga
The tax bracket depends on the total amount of money you earn and how much money would be considered taxable. For instance, On the very first 49,020, you’d be charged a tax rate of 15%. Next 49,020, you would be charged 20.5%, so on and so forth.
When you know about your tax bracket, it is easier for you to understand how you can claim the deductions and credits. Apart from that, it would also help you to identify any changes in the income bracket. For example, you have planned to start a side business to make some more bucks out of it. Then you would probably fall onto a different tax bracket then.
In Canada, those who do not earn much, which means they fall into low-income earners, are taxed at a lower percentage than high-income earners. So basically, the higher the income, the more the taxes that you’d have to pay. Canadians pay the income tax to the federal government and the provincial government. However, the government pays back to its citizens in many different ways.
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Meet Our CPA
Steven Matos is a Chartered Professional Accountant at GTA Accounting, a Toronto-based accounting firm with offices in Toronto, and Mississauga. The firm touts a high 5-star Google rating and has been selected by Clutch for service awards two years in a row.
Because of Steve's business background, he is able to pair bookkeeping and tax services with management consulting providing an edge over other similar accounting firms. Offering affordable rates, GTA Accounting works with small business owners and large companies with over $40 million in annual gross revenue.
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Maximize Deductions on Your Personal Tax Return in Mississauga
Many tricks can help you to maximize deductions in a tax return. However, most tax accountants won’t tell you or don’t have an expert to identify the missing information and documents (MIDs). They will simply collect the documents which you give them and prepare your return accordingly. But, we will figure out the MIDs, which could be from the CRA’s online tax return data, and doing that would help you maximize deductions.
Many of the taxpayers don’t pay attention to the accuracy. However, we make sure that whatever tax calculations or filings are all correctly done and are reviewed as well so that there are no mistakes. When you are filing your taxes, you have to make sure that all the documents are submitted.
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Benefits of Partnering With GTA Accounting for Personal Income Tax Returns
When you work with GTA Accounting to file your personal income tax returns in Mississauga, you're getting more than a person who completes some forms, you work with someone who has your best interests at heart. We have a large number of repeat clients because we want to help you pay less in taxes.
Why Choose GTA Accounting?
Every year in Canada, legislators tweak and twist financial laws, leaving the average individual and business owner at a loss when faced with making financial decisions. We stay on top of new financial and tax laws on your behalf and offer custom made tax accounting and financial advice to help you and your business develop budgets and set financial goals. Still not convinced about what makes us a professional accounting firm? Read further below:
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