Category: Small Business Accounting and Tax Preparation
Posted on December 12, 2021
Tax preparation is a complex task that requires deep skill and expertise. Many people are intimidated by the process of tax preparation. This is because it can be technical, complicated, and confusing. Taxpayers often make mistakes in their calculations, which can lead to penalties or even jail time. Introduction: What is a Corporate Tax Preparation? Corporate tax preparation is a process of calculating and reporting the company’s taxable income to the government. A tax consultant or accountant may be required in order to complete this process. Tax consultants must have a wide range of knowledge about the taxation laws that…
Posted on December 12, 2021
Corporate tax preparation is an important service that helps companies in Edmonton, AB save time and money. It is the main reason why companies are looking for the best corporate tax preparation service. There are many different factors to consider when selecting a corporate tax preparation service in Edmonton, Alberta. For example, location of the company, cost of services and expertise in preparing corporate taxes. If you are looking for a professional company to help you with your business taxes, make sure to consider these factors before making your decision. Introduction: Does Your Company Need Financial Support? Finances are the…
Posted on December 12, 2021
Ideas for Saving Money on Tax Preparation The following are some tips to help you save money on your tax preparation: 1) Take advantage of free personal finance software. There are many apps and websites that offer free tax preparation, including Credit Karma Tax which offers both state and federal return. If you need to purchase the software, the cost is usually worth it because it helps save time in preparing your taxes. 2) Use filing extensions. If you need more time to file your taxes, request an extension by checking the box on Form 4868. The extension will give…
Posted on November 10, 2021
Overview Tax and Revenue Administration (TRA) maintains a central list of Alberta government departments and agencies exempt from paying the federal Goods and Services Tax (GST) as set out in section 125 of the Constitution Act of Canada. TRA also files the Alberta government’s GST returns, remits GST payable by Alberta government entities, and recovers overpayments. GST contact information For all general enquiries and information regarding the GST, contact the Canada Revenue Agency (CRA). GST-free Alberta government entities The Alberta government departments and agencies in the list below are not required to pay GST on purchases of taxable supplies and services. These entities are…
Posted on October 13, 2021
SMALL BUSINESS ACCOUNTANTS ALBERTA - BOMCAS CANADA If you are a small business owner, no one understands your industry more than you do yourself. Doing everything on your own, on the other hand, can be exhausting. Getting in touch with BOMCAS CANADA if you're ready to free up some of your time. Our highly qualified accountants are ready to handle all of your tax and financial needs, allowing you to devote your time and energy to what really matters — running your business. ACCOUNTING SERVICES FOR SMALL BUSINESSES Allow us to relieve you of some of your responsibilities. Our range…