Business Incorporation Services in Oakville
GTA Accounting helps you setup up your company the best possible way
with their Business Incorporation Services in Oakville
What GTA Accounting Offers Its Clients in Oakville
GTA Accounting is one of the topmost accounting firms in Oakville and beyond. When you work with us, you get to take full advantage of our more than a decade’s experience in business incorporation services in Oakville and more.
We have worked with startups, small businesses, and large companies in various industries and know exactly what you need.
Our expert CPA will take you through the entire process. You can ask any question that you want, and we will provide you with a satisfactory answer. Also, we are not a one-and-done kind of company. We are with you through it all and beyond. We assist you with your payroll management, financial statements, bookkeeping, corporate taxes, and more, apart from our business incorporation services in Oakville.
We make sure that you have all the required documentation at all times and submit them in a timely manner.
We offer you peace of mind and the chance to focus on your business while we focus on your taxes and accounting needs.
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Discover how we can help you be more organized and use real data to move your business to the next level.
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Meet Our CPA
Sohail Afzal, CPA is the founder of GTA Accounting, a Toronto based accounting firm with offices in Toronto, Mississauga and Oakville. 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 Sohail'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 annual gross revenue.
Featured in the Toronto Star, Sohail shares more about his accounting firm and what sets them apart.
Unit 501 – 250 Consumers Road
North York M2J 4V6
Advantages of Incorporating Your Business
You have your own startup or small business, and it is doing well. Great! Now, you should start thinking about incorporating your business in Oakville. There are a lot of advantages you can get from incorporating your business. Here are a few of them:
Ask any business owner, and they will tell you that there are risks in doing business. You might incur losses, or you might build up your debt and cannot pay it back. If you have a sole proprietorship, it means that your personal assets can be used to pay the business’s debts. This could even include your house. But when you work with GTA Accounting, we help incorporate your business in Oakville. Your liability is limited to the company’s assets and not your own. We have an expert CPA who will help you and guide you throughout the process. He will assist you in determining which type of corporation you should opt for. Our exceptional accounting team will make sure that all your documentation is complete and submitted on time.
When you turn your business into a corporation, you can take advantage of lower corporate tax rates in Canada. Personal tax rates in Canada are higher. This way, you can save a lot of tax or even defer tax when you declare your business as a corporation. Also, you are more flexible in earning your income through a corporation, which means you have to pay fewer taxes. For example, if you have a sole proprietorship and earn $180,000 a year, you will have to pay personal tax on the total amount. But if you are a corporate business, you will have to pay a fraction of the taxes and save your money. When you work with our accounting firm, we tell you all of this, and more so you can save your money, time, and effort.
Currently, there are fewer benefits for income splitting than there were before. Before 2018, most of the businesses were incorporating because of this reason. They could distribute their income with a lower-income spouse, and they were then taxed at a lower rate. This all changed in January 2018. The new regulations make it hard to do this, but it can still be done to some extent. Now, if you are nominating your spouse for distribution, they have to put in at least 20 hours a week in the business to become eligible.
Contact our expert consultants today to find out more about business incorporation services in Oakville and how you can take advantage of them.
If you are a small Canadian Controlled Private Corporation (CCPC) business in Oakville or anywhere in Canada, then you can access tax-free capital gains of up to $866,912.
Let’s say that you built a business from scratch. Now, the company has grown so much that the yearly revenue is around $850,000. You have spent enough time in the business world and now want to retire by selling your business. You go out in the market and find a buyer willing to pay you $865,000 for the shares. If you had a sole proprietorship, this money would be taxable, and you would have to pay approximately $180,000 in taxes. But if you were a CCPC business, you could qualify for the LCGE, and the entire amount would be exempt from tax.
But incorporating a business and qualifying for the LCGE are highly complex tasks with a lot of requirements. That is why you should contact GTA Accounting experts TODAY to start the process of incorporation for your business.
Client Success Stories
Why Choose GTA Accounting for Business Incorporation in Oakville?
GTA Accounting in Oakville has helped a wide variety of companies in a wide range of industries incorporate their businesses. Rather than filling out some forms, we discuss your business goals and vision in order to determine the best type of incorporation to use.
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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