Category: Corporate Tax Planning and Tax Savings
Posted on December 20, 2021
What is a Personal Tax Service and What is an Accountant? A personal tax service is a type of tax preparation service where people can find information about their taxes, as well as get help with filing and/or completing their taxes. Tax accountants, on the other hand, are experts who prepare people's federal and provincial personal tax returns. How to Choose the Best Personal Tax Services & Accountants in Canada Though the difference between personal tax service and accountant services can be confusing, they both serve the same purpose. However, personal tax service is more affordable and appropriate for individuals…
Posted on December 19, 2021
What is personal income tax and how did it come about? The personal income tax came about as a way to fund the government. It was first introduced during the period of capitalism, with the aim of raising revenue. The idea was that people would work for themselves, but the government would collect taxes from those earnings and then distribute those funds back to them in some form. How a new personal income tax in Alberta Will Affect All Albertans Under the new personal income tax, Albertans will be paying more for our everyday purchases. These taxes are going to…
Posted on December 16, 2021
What is a Tax Accountant in St Albert and What they do in Canada? A St Albert tax accountant is an individual or a firm who provides tax preparation services in St Albert. Tax accountants provide support to individuals or firms that need help filing and preparing tax returns. A St Albert tax accountant is someone who helps people file their taxes, analyze the financial statements of their business, and help with other financial decisions. These professionals are also often trusted advisors in companies to help employees understand how their personal finances fit into their company's overall finances. Accountants are…
Posted on December 16, 2021
What is a Corporation Income Tax Return and How do You File One in Canada? A corporation income tax return is a report that a company files with the Canada Revenue Agency (CRA) to calculate how much income tax they have to pay. In the United States, it is known as a Form 1120. A corporation tax return includes information on how much income has been earned, what expenses have been incurred and what assets have been used to generate the earnings. The corporation will also use this form to figure out any taxes owed. Additionally, this form will be…
Posted on December 14, 2021
What are the Different Types of Business Accounting Services In Canada, there are many different types of accounting services. Some of them include the following: 1. General Business Accounting Services: These services include financial statements, reviews and discussions about financial status and budgeting. 2. Contract Management Services: These services are given to help businesses manage contracts and agreements with their clients or suppliers. Although not all accounting firms offer these services, they may be useful for those who want to contract with a specific company or trade license holder in the future. 3. Corporate Governance Services: These services provide assistance…
Posted on December 14, 2021
Taxes are something everyone needs to think about, and it is wise to be informed before making decisions. There are many differences between Canadian and US tax laws. This article will provide an overview of these differences, so you can make informed decisions about your taxes. Canadian Tax Rates For 2018 Compared To US Tax Rates Canadian income tax rates, 2018: The federal tax rate is applied to taxable income in the brackets of $0 - $47,630 at marginal rates of 15% or 20.5%. There are also provincial taxes that vary by province. The income tax brackets are as follows:…
Posted on December 13, 2021
This is why you need to hire an Edmonton small business accountant: Accounting firms in Edmonton offer tax planning and tax preparation services. They can also help in reducing your taxes and they can help you make more money by providing advice on how to manage your money better. The accountants in Edmonton are qualified and experienced professionals who know the ins and outs of taxation. You can rely on them for clear explanations, advice, and solutions to complex accounting problems. The accountants in Edmonton will ensure that all your financial information is up-to-date through analysis, examinations, research, communication with…
Posted on December 13, 2021
It’s not an uncommon event for people to find themselves in need of the services of a personal accountant. They are often needed by freelancers, self-employed individuals, or other professionals that have an irregular schedule. Accountants are often hired to help individuals navigate their taxes or manage their finances. They provide advice on how much to save and when to invest in order to increase the possibility of retirement savings. The services provided by one-person accountancy firms may include bookkeeping, tax preparation, consulting, and coaching. What is a Personal Accountant and Why do I Need One? A personal accountant is…
Posted on December 13, 2021
It is important to have a corporate tax accountant help with your taxes because it can make a big difference in the amount of money you end up paying. A professional accountant will be able to help you find any deductions and credits that you may be eligible for. Tax law changes constantly, and a corporate tax accountant will be able to keep on top of those changes so that you don't have to worry about getting audited or having penalties put on your company. What is a Corporate Tax Accountant in Red Deer Alberta Canada? The accountant is a…
Posted on December 13, 2021
Best Corporate Tax Accountant in St Albert In Canada, there are different types of taxes to pay for. The most common ones are the federal, provincial and municipal taxes. In order to make sure that you comply with the law, it is important to hire a good accountant for your company. The best corporate tax accountants in St Albert can help you understand and keep up with the latest changes in legislation. They will also provide consultation on tax credit and deductions that may be eligible for your business or organization What is a Corporate Tax Accountant and what they…