Blog

Posted on December 12, 2021

What is Bookkeeping? 

Bookkeeping is the process of recording financial transactions, usually summarizing it in financial statements. Bookkeepers are responsible for ensuring that the business’s books are accurate and up-to-date. Bookkeeping is an important part of running a business. It ensures that all transactions are recorded accurately and up-to-date, so that the business has all the information it needs to make important decisions about its finances. Bookkeepers analyze past transactions to ensure no mistakes have been made and then record anything unusual or out of the ordinary, such as an error made by another employee. The process begins with bookkeeping software that helps…
Read More
Posted on December 12, 2021

The Complete Guide to Corporate Tax Preparation in Edmonton Alberta

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…
Read More
Posted on December 12, 2021

The Best Corporate Tax Preparation Services in Edmonton Alberta

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…
Read More
Posted on December 12, 2021

Tips to Spend Less on Tax Preparation – Corporate Tax Preparation in Edmonton Alberta

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…
Read More
Posted on December 12, 2021

The Complete Guide to Personal Tax Preparation in Edmonton Alberta Canada

Tax preparation is an important process where the government collects the income tax from taxpayers. This article will provide you with all the information you need to know about personal taxation in Edmonton Alberta Canada. Introduction: What is a Tax Preparation? Your tax preparation is your chance to get the biggest return on your taxes. There are many types of tax preparations out there, but Bomcas Canada can help you get the most out of your money. As one of the largest providers of tax services in Alberta Canada, we understand that people have different needs and budgets. Overview of…
Read More
Posted on November 10, 2021

Goods and Services Tax GST in Alberta

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…
Read More
Posted on October 13, 2021

Alberta Corporate Income Tax – Alberta Small Business Deduction

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…
Read More
Posted on September 6, 2021

Personal and Corporate taxation in the province of Alberta

Alberta's taxation system The government of Alberta recognizes the importance of a competitive, equitable, and efficient tax system, and it is committed to ensuring that this system remains in place. Personal income tax is a type of tax that applies to individuals. The Canada Revenue Agency collects personal income tax on behalf of the Alberta government in the same way that the federal government collects federal income tax. Personal income tax rates are as follows: Tax rate Taxation in a specific tax bracket 10% Up to $131,220 12% $131,220.01 to $157,464 13% $157,464.01 to $209,952 14% $209,952.01 to $314,928 15%…
Read More
Posted on September 6, 2021

Tax Planning and Tax Savings for Corporation in Alberta

Corporate Tax Planning and Tax Savings in Alberta Although corporations come with many advantages, most companies have not implemented these benefits. Because of this, the public at large is denied a large number of ways to earn and save money. An accounting and tax tune-up in Alberta, Canada, from Bomcas accounting and tax services will help you to protect your hard work and improve your cash flow position by examining the big picture and answering questions. A tune-up may resolve problems like: Validation of the intended important transactions that are to take place in the future is performed. Have you…
Read More
Posted on September 6, 2021

Alberta Are you late with your personal, small business, corporate income tax, or GST/HST returns filing?

Even if you are years behind on your back taxes or have not filed any taxes in years, your tax situation may not be as dire as you believe it to be at this point. For a reasonable and affordable fee, we bring you (and/or your business) up to date on your late tax filings and assist you in avoiding or reducing personal and/or corporate tax penalties and interest by keeping your tax debt as low as possible. Numerous clients have benefited from our staff's expertise, which includes which includes many individuals who have been with us for many years.…
Read More
CONTACT INFO

  • Bomcas Canada Accounting
    Online Services
    181 Meadowview Bay
    Sherwood Park
    Alberta T8H 1P7
    Canada

  • Bomcas Canada Accounting
    6063 88 St NW
    Edmonton
    Alberta T6E 5T4
    Canada

  • 780-667-5250

  • info@bomcas.ca

MAIN NAVIGATION
OUR SERVICES
LINKS

Copyright © 2024 - All Rights Reserved by BOMCAS LTD.