Tax Accounting Firm In Oakville

A CPA is one who provides a variety of services since this means you do not have to hire different businesses for the job. At  GTA Professional Corporation, we have a Chartered Professional Accountant who will meet all your financial needs.
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Our CPA Is Here to Help

Bookkeeping

GTA Accounting provides accurate and update financial records for your company enabling you to make wise decisions based on real data.

Corporate Taxes

If your business is Incorporated, our CPA can work with you to create a strategy for lowering your tax liabilities and maximize your returns

U.S. Tax

GTA Accounting is well-experienced in preparing and filing US tax returns for Americans living in Canada. We can get them filed accurately and on time.

Tax Accounting & Bookkeeping Services in Oakville

Companies are facing increased strain on tax accounting and reporting professionals. Increased regulatory scrutiny over income tax disclosure, financial restatements and new reporting considerations make the need for professional tax accounting even more important.

Whether you are running a household, managing a business or simply need help with tax accounting and bookkeeping services in Oakville, you can always count on GTA Accounting to deliver great solutions. Our firm is defined by extensive experience, friendly services, and constant support.

Let’s partner with you in posting financial transactions, doing your tax returns, payroll services, and all other accounting services. Contact us today to speak to an experienced accountant Oakville and learn how we can empower your business.

Helping clients prosper through effective accounting, auditing, reviews, tax planning, and preparation is what we do best. Give us a call and let us know how we can help. Your success is our success.

Why Invest In Bookkeeping And Accounting Services Oakville?

Whether you are a new business or a growing company, good bookkeeping services Oakville can help achieve sustainable growth and effective management.

Our services will help:

  • Avoid penalties imposed due to non-compliance
  • Focus more on the core operations of your business
  • Access to expert advice
  • Better accounting service quality
  • Increased efficiency
  • Completely flexible and scalable services to suit your requirements
  • Access to operational best practice that would otherwise, be hard to do in-house
  • Outsourcing to us converts fixed costs into variable costs

Client Success Stories

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Why Choose GTA Accounting Firm As Your Tax Accountant?

We are an accounting firm Oakville that cares and wants you to excel. You can count on us to better your businesses with the best accounting practices, for advice and guidance. We offer tailored accounting services that are crucial for growth to individual and businesses of all sizes. We primarily service the Greater Toronto Area.

When searching for a dependable tax accountant Oakville, we are the go-to accounting firm. We have a Chartered Professional Accountant who will help you maximize your business performance and offer effective financial solutions and review. Contact us now to learn more.:

All about the accounting and bookkeeping services in Oakville feature the following tasks:

  • Payroll setup, administration, and reporting
  • Preparation of annual financial statements
  • Payment processing
  • Monthly accounting
  • Expenses verification
  • Accounting review services
  • Budgeting
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Our Accounting Advice

Bookkeeping Services

We offer comprehensive bookkeeping services, allowing our clients to concentrate on the day-to-day running of their businesses. You save money when you hire us for bookkeeping because this ensures you do not have to hire an in-house team for the job. Our experience in bookkeeping means you are less likely to get things wrong. Our bookkeeping services in Mississauga include:

  • Invoicing and Accounts Receivable

    We assist clients to invoice their clients and record the payment. We will send you AR Aging Ledgers regularly so you know which customers have not paid.

  • Bank Reconciliation

    We will assist you to compare what is in Quickbooks to what is your bank statements. We do this weekly, monthly, or quarterly, depending on your specific needs.

  • Expense and Accounts Payables

    If you prefer paying bills yourself through cheques, credit cards, or wires, we will assist you to record the expenses. However, this is not feasible with a growing business. You could offload the task to us – all you will need to do is print, sign, and send off.

  • Reporting

    The aim of bookkeeping is to give you clarity so you know where you stand. It is only this way that you can properly plan for the future. We will give you simple reports such as income statements, cash flow statements, and balance sheets. We are CPA and as such, we can go a step further and create Dashboards that will give you important financial insight such as profitability, employee efficiency, and marketing effectiveness.

  • Budgeting / Forecasting

    We will assist you to create a forward-looking budget and assist with cash flow forecasting. We will be there for you whenever you are making major decisions such as if you should expand and if you should hire an extra person.

Mississauga Accounting Firm

Our Other Bookkeeping Services Include

  • Bookkeeping Cleanup
  • General Journal, General Ledger
  • Profit & Loss, Trial Balance
  • Payroll Reconciliation
  • Not-for-Profit Bookkeeping

You Should Come To Us For Bookkeeping Services...

  • If you are a small to medium-size company or an NGO and you do not have resources to hire an in-house accountant
  • If you are an individual and you need help with personal financial record-keeping
  • If you want to start a new company and want to make sure that the correct procedures are followed from the beginning
  • If you are overwhelmed by your current bookkeeping practices
  • When preparing for quarterly and annual tax filings
  • If you want your staff to get a better understanding of QuickBooks

Incorporations

To register as a corporation in Canada, you need to:

  • Incorporate the business (get articles of incorporation) through provincial/territorial incorporation or federal incorporation
  • Get a Corporation income tax account and a federal business number from the Canada Revenue Agency
  • Register as an extra-territorial or extra-provincial corporation in all other Canadian jurisdictions where you will be doing business
  • Apply for any licenses and permits that your business will need to operate

Although the registration of these accounts is sometimes streamlined (you can sometimes get your business number, provincial registration, and tax accounts as part of the incorporation process), this is not true for all cases.

mississauga accountant incorporation

Tax Accountant Specializing in Corporations

At GTA Firm, we will assist you to incorporate your small business incorporation through either provincial/territorial and federal incorporation. So, what will we do for you?

We will assist you to fill the business or the not-for-profit form as well as forms for operating an extra-provincial corporation in Ontario if you are not an Oakville native.

We will then assist you to file Articles of Incorporation (Form 1 under the Business Corporations Act) as well as supporting documents with the Ministry of Government and Consumer Services.

The law requires that a corporation files an Initial Return/Notice of Change (Form 1 under the Corporations Information Act) within 60 days of the date of incorporation. We will assist you to make this filing.

If we file online, we will get all first directors to complete a Consent to Act as First Director (Form 2 under the Business Corporations Act). If filing via mail or in person, we will get the form from you and ensure the forms are locked away at your offices in case the Ministry of Government and Consumer Services ever decides to peruse them.

If you want to dissolve the business due to any reason, our CPA understands the processes of dissolving business corporations either voluntarily or involuntarily.

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HST Filings

Many provinces, including Ontario, have adopted a Harmonized Sales Tax (HST). HST harmonizes the provincial sales tax with federal government’s Goods and Services Tax (GST). In Ontario, an HST of 13% was introduced in 2010.

We will guide you to ensure you pay the right amount of sales tax. We will keep track of your HST and assist you with tax filing. Our other services are:

  • We will assist you to determine which goods and services are Taxable, Zero-Rated or Exempt.
  • We will help you fill the GST/HST Return form, keeping in mind that the Canada Revenue Agency requires businesses to collect HST from their customers and to remit the same. Note the law requires that you must remit on the reporting period even when you’ve not collected tax during the period (with zero remittance).
  • We will ensure we remit GST/HST Returns within the reporting period (which is quarterly for most businesses and monthly for businesses with a revenue of over $6 million in annual taxable supplies.
  • We will help you determine the GST/HST expenses that qualify as ITCs (Input Tax Credits) since not all business-related expenses are eligible.

Tax Consulting Services Oakville

As a business owner, you can use internal audit and evaluation reports to improve the effectiveness and efficiency of your activities, to strengthen accountability, and to demonstrate resource stewardship. We work for up-and-coming businesses that do not have internal auditors yet and even bigger businesses that require an independent accountant Oakville take on things. We employ a disciplined and systematic approach to evaluate and improve:

  • Fraud risk management process (including detection, deterrence, prevention, and investigation)
  • Effectiveness / efficiency of internal controls
  • Effectiveness / efficiency of operations (including safeguarding your assets)
  • Reliability of management and financial reporting
  • Reliability and security of applications and information systems
  • Compliance with law, regulations, and contracts
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