Preparation of Small Business and Corporate Income Tax Returns in Toronto (GTA).

Bomcas Income Tax Accountants Services prepares Small Business & Corporate Income Tax returns in the Greater Toronto Area (GTA), Ontario. Our Business Accountants have a wealth of knowledge and experience in dealing with a wide range of tax and accounting matters. Business Taxes in Canada | Business Income Taxes in the United States | International Tax Services | Bookkeeping| Tax Planning etc..

 

Contact UsGet Estimate
Home » Income Tax Services » Toronto » Toronto (GTA) Small Business & Corporate Income Tax Return Preparation Services

Tax Accounting Services for Small and Medium Businesses and Corporations in Toronto (GTA)

Our system allows us to prepare accurate Small Business and Corporation tax returns at a fraction of the cost charged by the vast majority of Corporate Tax Accountants in the Greater Toronto Area (GTA), Ontario. At Bomcas Canada Accounting and Tax Services Accountants for Small and Large Businesses/Corporation, we assist companies of all sizes with their corporate income tax planning, preparation, and filing requirements. In order to position your company for long-term success, our Corporate Tax Accounting team can assist you in reducing risk while simultaneously increasing value.

In addition to the following services, we also provide corporate and business income tax consulting and filing services.

  • 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 in the Greater Toronto Area (GTA).

Toronto (GTA) Bomcas Canadian Tax Services (Bomcas) is a Canadian corporation that specialises in the provision of tax-related services. For organisations with complex compliance requirements, it is critical to have a reliable service that is easy to access, convenient to use, and properly integrated.

When determining a company’s income tax liabilities, there are a number of factors to take into consideration. Because rules and regulations are constantly changing, it is possible for businesses to unintentionally fall foul of noncompliance.

Not only do our tax planning and preparation services reduce risk, but they also add value by preparing businesses for future growth. In addition, we provide advice to both private and public companies at all stages of their development, tailoring our strategies to the specific requirements of each customer and expanding them as those requirements change. Our employees work closely with customers and are always available and responsive to their needs in order to assist them in achieving their most important business objectives.

For corporations, trusts, and partnerships, we provide a comprehensive range of integrated services that include, among other things, the preparation and filing of corporate income tax returns, the filing of tax elections, and communication with federal and provincial tax authorities. In addition, we look for strategies to reduce long-term tax liabilities, assess the effectiveness of corporate structures, and provide tax advice on pending business transactions.

Toronto Bookkeeping Services are available Across the (GTA)

Bookkeeping services for small and mid-sized businesses in Toronto (GTA), Ontario, and Canada, including bank reconciliations, payroll, accounts payable and receivable, and more.

Among our bookkeeping services are, but are not limited to, the following:

  • 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

Services for general accounting and taxation in Toronto (GTA).

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.

R

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.

R

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.

R

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 Toronto (GTA) 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.

Ottawa Personal Tax Accountant: Your Trusted Advisor for Tax Preparation and Consultation

Ottawa Personal Tax Accountant: Your Trusted Advisor for Tax Preparation and Consultation ‍Are you feeling overwhelmed by the complexities of personal tax preparation? Does the thought of filing your taxes send shivers down your spine? Look no further! BOMCAS Canada...

What is the Ontario Trillium Benefit?

If you live in Ontario and meet certain requirements, you may be eligible for the Ontario Trillium Benefit. Eligibility is determined by the amount of income that you and your family made in the previous tax year. This amount may change if your family's net income or...

How to Choose the Best Tax Preparer in Toronto, Ontario Canada

Choosing the right tax preparer can make or break your taxes. It is important to know what you want out of the service, and who will be able to offer it, before you make your decision. There are many factors that go into choosing the best tax preparer for you that...

Understanding the Ontario Canada Tax System and Tax Preparation

Understanding the Ontario Canada Tax System and Tax Preparation There are a number of tax benefits available to you as a business owner in Ontario. You can visit www.taxontario.ca , www.bomcas.ca for more information on these benefits or call us at 1-780-667-5250 if...

How to Choose the Best Tax Preparation Service for Your Needs in Toronto

Preparation services can be categorized as either do-it-yourself or paid service. To decide which one is the best option for you, consider the following factors: Do you need help with your tax forms? Do you need to file a business and personal return? Do you want to...

The Best Toronto Tax Preparation Services for Your Business

The best Toronto tax preparation services for your business will offer the following: - Tax return preparation - Business consulting - Financial forecasts for future growth of your business - Tax strategy and planning consultations - Registered Tax Preparer Tax...

Small businesses must avoid overinvesting in technology at all costs.

Technology has altered the world in recent years, achieving a spectacular level of efficiency and effectiveness in performance, as well as a huge improvement in the accuracy and trustworthiness of information. We have all observed this transformation firsthand. Modern...

The Income Tax Implications of Cryptocurrencies in Canada

The definitions of cryptocurrency transactions are as follows:If you are new to cryptocurrencies and are reading this piece, we recommend that you first read our easy Cryptocurrency primer to ensure that you understand the vast majority of the terms mentioned in this...

How to setup a corporation in Canada?

Determine whether or not you need to incorporate your company.People frequently incorporate their businesses without thoroughly examining all of the considerations involved. One of the various legal choices for conducting business is the incorporation of a company....

Send a Message

Step 1 of 4

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