Business Accounting Services Toronto
Small businesses need proper accounting in order to have reliable information that they can retrieve whenever there’s a need. We will ensure you maintain a business accounting system that is easy to use, accurate and consistent giving you all the information you need on a timely basis. Whether you want a single-entry journal or double-entry, we’ll customize a service that addresses all your needs.
Our CPA knows the accounting principles that must be adhered to when preparing financial reports. We will study all the options carefully allowing you to make a smart decision. If you are planning to go public in the future, you may consider adopting IFRS in order to maintain consistency with a parent company. We know that the needs of every small business are unique and that’s why we strive to personalize our accounting services for you.
Partner With an Accountant You Can Trust
Whether you are running a home-based business or a small organization with a huge potential to expand, we can handle all your accounting and taxation matters. We’ll help you prepare financial statements when you need to seek financing in form of a loan or capital from investors. We’llhandle your tax filings and make sure you save as much as you can on every business transaction.
GTA Accounting Professional Corporation not only offers cost-effective services but is also very familiar with the needs of small businesses. Meet our Toronto Chartered Professional Accountant with experience in your line of business. We’ll help you save more money and make financial decisions that positively impact on your bottom line. Rest assured that we will do excellent work and keep your business in the right place.
Small businesses need proper accounting and bookkeeping to streamline their operations. By keeping your books in order, you’re able to understand the challenges your business is facing and make changes that foster growth. At GTA Accounting Professional Corporation, we offer a wide range of accounting and taxation services to serve your needs.
Why Outsource Accounting Services?
When you have a reputable accounting company to help you maintain good records for your business, you can keep track of current and past financial positions then work toward building your business. Our Chartered Professional Accountant will help you maintain organized records in order to plan and forecast financial positions for your business.
We know there are certain reporting and tax obligations that you have to satisfy regardless of the size of your business. By helping you maintain proper records, we’ll save you time and energy the next time your corporate business gets audited.
Get Help in Record Keeping
One of the main challenges in running a small business is keeping track of any commercial activity that you engage in.
Our Chartered Professional Accountant will help you maintain accurate and complete records of your income and expenses.One of the main challenges in running a small business is keeping track of any commercial activity that you engage in. It’s important to have records for every business transaction. This includes paper and electronic receipts, payroll details, taxes and expenses or sales made. These records, as well as their supporting documents, must be well kept. Our CPA will help you maintain accurate and complete records of your income and expenses.
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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