Bookkeeping and accounting services in Toronto (GTA)

Our firm provides accounting and bookkeeping services in Toronto and the GTA. Accountants and bookkeepers for small businesses in need of assistance, please contact us right away. L earn how our bookkeepers for Toronto (GTA) can help you spend less time on your business and more time growing it.

 

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Bookkeeping Services in the Greater Toronto Area (GTA) Ontario

In Toronto (GTA), Ontario, as well as throughout the country, bookkeeping services are available to small and medium-sized enterprises (SMEs). Management of accounts receivable and payable, creation of invoices, and the preparation of cash flow budgets are all responsibilities of the bookkeeper. In order to ensure that all of your records, both online and on paper, are kept in order, a trained bookkeeper is required, which is why we are happy to provide this service to you at no additional cost on top of our regular rates. A skilled bookkeeper will assist you in keeping track of your expenses and in gaining a better understanding of where your money is going and what your revenue streams are, which will be beneficial to your business.

Accountancy services are also available, such as income tax preparation and filing, small business accounting services such as payroll and GST/HST filing, and bookkeeping services, to name a few examples. Due to the fact that we provide all of our services online, they are available in Ottawa for small businesses and individuals throughout the greater Ottawa and Ontario region.

These are some of the bookkeeping services we provide, but they are by no means all-inclusive:

  • 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

Accounting and Payroll Services in Toronto for Large and Small Businesses (GTA)

In the overall payroll procedure, payroll deductions, payroll computations, direct deposit, and other aspects of the payroll process are all considered to be a part of the payroll process. BOMCAS ACCOUNTING AND TAX SERVICES TORONTO (GTA) specialises in corporate accounting and taxation, with a particular emphasis on small and medium-sized enterprises.

While our team at Bomcas Canada Accounting and Tax Services understands that owning and operating your own company is an enjoyable experience, we also recognise that it is time-consuming. Bookkeeping, payroll administration, GST/HST administration, corporation tax administration, and income tax preparation and filing are all tasks that require significant time investment. There are numerous financial responsibilities that come along with owning and operating a business, and it is critical to understand each one from the beginning rather than entering the business blindfolded or running it naively after you have acquired the business.

The Canada Revenue Agency (CRA) has established laws and regulations that your company must adhere to in order to be successful in Canada (CRA). It would be extremely beneficial to contact us to review your company’s financial strategy, whether you are just starting out or have been in business for a number of years. Compared to paying fines and interest to the Canada Revenue Agency, which can be avoided, this is a much more cost-effective option.

Using our business accounting professionals, we can assist you with a variety of aspects of your company’s financial management responsibilities and obligations. Additionally, we can assist you in setting up a Canada Revenue Agency login, obtaining a business number, preparing GST/HST returns, payroll deductions, and utilising several of the online payroll tools available, such as the CRA payroll calculator and online source deductions remittance, if necessary.

Was it ever brought to your attention that Bomcas Canada (Toronto (GTA) Accounting and Tax Services by Bomcas Accountant) offers a comprehensive range of accounting and tax services to small and medium-sized businesses? In addition to corporate tax filing, HST and GST remittance, payroll services, audit support, source deduction remittance, and other services, we also provide small business counselling services. Please contact us immediately.

GST HST process in Toronto (GTA).

The accounting staff at Bomcas for Toronto (GTA) Ontario also provides additional company tax services, such as the development of a financial strategy to ensure that GST and HST payment deadlines are met. Our accounting professionals provide a wide range of services, including non-profit tax filing, payroll, budgeting, and financial planning, among other things. These professionals can also guide you through the convoluted maze of the Canada Revenue Agency (CRA).

In the event that you have a login to the Canada Revenue Agency, you can now access a number of online tools that will assist you in better managing the fiscal tax obligations of your organisation. It is possible for us to demonstrate the capabilities of the CRA HST NETFILE as well as the HST calculator in a controlled environment when it is necessary.

Accounting for small businesses can be a time-consuming and difficult task to complete. An evaluation and analysis of your work by a competent accountant is always recommended, whether you own the company or are only responsible for a few of the company’s financial obligations. While completing the accounting process, we must pay close attention to even the most minute of details to ensure that everything is completed correctly and in accordance with the Canadian Revenue Agency’s standards and regulations.
If you need assistance in making the procedure as simple and painless as possible, we would be delighted to help. Call us right now.

Toronto (GTA) 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 Toronto (GTA) Area in and 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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Toronto (GTA) 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