Ottawa Small Business & Corporate Income Tax Return Preparation Services

In Ottawa, Ontario, Bomcas Income Tax Accountants Services prepares Small Business & Corporate Income Taxes. Our Business Accountants have extensive experience dealing with a variety of tax and accounting issues. Canadian Business Taxes | US Business Income Taxes | International Tax Services

 

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Small Business and 

Corporate Tax Accountants Services in Ottawa

With a system in place, we can prepare correct Small Business and Corporation tax returns for a fraction of the cost charged by the vast majority of Corporate Tax Accountants in Ottawa, Ontario. In our company, Bomcas Canada Accounting and Tax Services Accountants for Small and Large Businesses/Corporation, we provide assistance to businesses of all sizes with their corporate income tax planning, preparation, and filing requirements. Our Corporate Tax Accounting team can assist you in reducing risk while increasing value by positioning your company for long-term success.

Our Corporate and Business income tax consulting and filing services includes but not limited to:

  • Preparation and filing of corporate income tax returns (T2);
  • Tax compliance with all federal and provincial regulations;
  • US tax compliance;
  • Tax services for non-resident shareholders;
  • Tax services for Foreign Corporations in Canada;
  • Preparing of employee returns (T4s, T4As, and T5s);
  • Back Tax filing;
  • Tax disclosure and tax appeals;
  • Liaise with the CRA;
  • Income tax planning and tax strategy;
  • Tax services for reorganizations and amalgamations;
  • HST/GST and sales tax filings;
  • Compensation planning;
  • Tax advisory services;
  • Remote services for online corporate tax preparation.

Tax Preparation for Small Businesses and Corporations

Bomcas Canadian Tax Services for Ottawa Ontario is a Canadian corporation that specializes in tax-related services. In order to comply with complex compliance rules, it is vital to have an efficient, conveniently available, and properly integrated service.

There are several complexities to consider when assessing a company’s income tax liabilities. Because rules and regulations are always changing, firms may accidentally fall foul of noncompliance.

Our tax planning and preparation services not only reduce risk but also increase value by preparing firms for future growth. We advise both private and public companies at all stages of their development, customizing our strategies to our customers’ individual needs and expanding them as those needs change. Our personnel collaborate closely with customers and are constantly available and responsive to their needs in order to help them achieve their most critical business goals.

We offer a wide range of integrated services, including, among other things, the production of corporate income tax returns for corporations, trusts, and partnerships, the filing of tax elections, and communication with federal and provincial tax authorities. We also search for strategies to reduce long-term tax liabilities, evaluate the effectiveness of corporate structures, and provide tax advice on pending transactions.

Bookkeeping

Bookkeeping services for Ontario and Canada small and mid-sized businesses, including bank reconciliations, payroll, accounts payable & receivable, and more.

Our Bookkeeping services includes but not limited to:

  • GST/HST reporting
  • Payroll services
  • Entering, coding, and paying bills
  • Tracking expenses and receipts
  • Creating and sending customer invoices
  • Collecting past due accounts receivable
  • Reconciling bank and credit card statements
  • Maintaining vendors for accounts payable
  • Maintaining clients for accounts receivable
  • Supporting the CFO by preparing audits and analyses
  • Preparing weekly, monthly, quarterly, and/or yearly financial statements and plans
  • Providing advice about creating and sticking to budgets

General Accounting & Tax Services

Personal Tax Services

Bomcas Accounting and Tax Services in Canada offers personal tax services to clients in order to help them manage their personal and family wealth through strategic tax and financial planning.

Complete a GST/HST Return

When you file these electronically, the Canada Revenue Agency (CRA) now requires you to specify whether your income is from exempt or zero-rated goods, as well as sales from your linked organization.

Back Taxes, Unfiled Tax Returns

Our taxation services for individuals and businesses, including CRA audits, insolvency, back taxes, tax planning and assistance, and other services, can help you avoid making costly mistakes in the future.

Income Tax Preparation

Our tax professionals make taxes straightforward for you. File your tax return from wherever you are, and we’ll ensure you the most refund possible. You can file it in person, online, or by mail.

Small Business Accounting

We provide everything you’ll need to keep your business running smoothly. Accounting, strategy planning, payroll administration, cash flow management, bank financing, and other related services

Cross Border Tax Services

Our cross-border tax specialists are available to assist individuals and businesses with their tax issues. With us, you can rest assured that your cross-border taxes will be completed correctly the first time.

Sole Proprietorship Tax

Sole Proprietorship/Self- Employed. Your proprietorship or self employed income is reported along with any personal income on a T1 Income Tax Return. Our Tax Accountants are available

Corporation income tax return

To submit corporate income tax, you must file a tax return with the Canada Revenue Agency (CRA). Using your business number, you file your provincial corporate income taxes along with your federal income tax return.

Real Estate Accountant

Rental income must be reported in order to correctly complete and file your annual tax return. Our Real Estate accountants will assist you in maximizing any potential write-offs or benefits available to you.

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Dedicated Tax Accountants

With your taxes in our Accountant’s hands, you can rest easy knowing that you have a tax expert on your side who is conversant and knowledgeable about all of Canada’s tax regulations.

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Full-Service Support

Throughout the year, your Tax Accountant will advise you on tax methods that will help you save thousands of dollars. As well as all of the best practices. Your Accountant will work hard to secure you the largest possible return.

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No Hidden Cost

Your initial fee will be communicated to you. Many of our services are flat-rate or vary in price depending on their complexity. There will be no surprises on your bill, no matter how frequently you contact us. You only pay for work that has been completed.

Service Area in Ontario Canada

Accounting, Bookkeeping, Payroll, Farming, Personal & Corporate Tax, Income Tax Preparation are all services provided by Bomcas Canada. Here is a list of Ontario locations where we provide services. Please keep in mind that we can supply all of our services remotely and online to all of Ontario and all of Canada.

(780) 667-5250

Talk with a Tax Accountant Today

Tax Filing for Newcomers to Canada: Avoid Common Mistakes

Navigating the intricacies of tax filing for newcomers to Canada can be a daunting task. With the Canada Revenue Agency (CRA) administering a complex tax system that includes multiple tax credits, deductions, and varying tax rates, understanding one’s obligations and opportunities is crucial. This becomes even more significant for those filing an income tax return in Canada for the first time, where common mistakes can lead to missed benefits or compliance issues. Given this backdrop, this article aims to empower newcomers, including international students and temporary residents, with essential knowledge and tools to file their taxes accurately and efficiently.

At the heart of tax filing for newcomers to Canada are several key considerations: determining one’s tax residency status, obtaining a Social Insurance Number (SIN), understanding the progressive tax system, and knowing how to report foreign income to avoid double taxation. Additionally, newcomers must navigate through tax filing methods, deadlines, and the specifics of the first-time tax return in Canada, leveraging tax treaties and credits like the GST/HST credit, the First-Time Home Buyer’s Tax Credit, and the Canada Child Benefit (CCB). This comprehensive guide will explore these areas, offering insights into how to declare worldwide income, apply for relevant newcomer tax benefits, and understand the significance of the Notice of Assessment (NOA). By adhering to the outlined steps and considering the consultation of a tax expert when necessary, newcomers can achieve a smooth transition into Canada’s tax system, ensuring they meet their obligations while maximizing potential returns.

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Contact Information

To clarify, you may complete all your accounting and tax services entirely online with us, eliminating the need for you to travel to our office or take time away from work, among other things. You can also contact us and we will be pleased to assist you with any of your accounting and tax needs.

Call: 780-667-5250
Fax: 780-851-2520
Email: info@bomcas.ca