As your business grows, so do the complexities of your taxes. Whether a company is a small start-up business or large multi-national corporation, each business has its own unique tax filing requirements and tax-minimization opportunities.
As a full-service accounting firm in Hamilton, we offer a wide range of corporate tax services to meet the needs of your business. At NBG Chartered Professional Accountants, we are experienced in providing comprehensive and integrated tax solutions for all small and medium-sized businesses. Our team of corporate tax accountants can help you with a wide range of corporate tax services, including tax planning, tax preparation, tax audits, and more. As your corporate tax accountant in Hamilton, we’ll work with you to develop a custom tax strategy that meets your specific business and individual needs and helps you achieve your business goals.
In Canada, businesses must file corporate tax returns regardless of size, structure, profitability, and activity. Let NBG get rid of the headache of filing your corporate income tax return by either letting us act as your corporate tax accountant in Hamilton or by allowing us to provide corporate tax services in Hamilton. By working with us, we will ensure that you are meeting all your filing requirements on time. Our team of educated and experienced tax professionals will ensure you file a corporate income tax return that triggers the least amount of corporate tax payable. Our corporate tax preparation services include:
Effective tax planning takes experience and in-depth knowledge of the very latest changes to the tax code and tax law. By taking a proactive approach to tax planning, you can stay one step ahead of the game and ensure that your business is on track to meeting your long-term goals. We can help you with all aspects of tax planning and maximization, no matter what stage of business or life you’re in. We provide corporate tax planning in the following areas:
Get in touch today with our corporate tax accountant to learn more
CRA audits and tax disputes can be time-consuming and intimidating. But with the right help, they don’t have to be. Our tax dispute resolution process has a proven track record of helping businesses resolve their disputes efficiently and effectively. We can assist with preparation, presentation, and corresponding with the CRA. If you are facing a tax dispute, we can help with the following:
According to Canada Revenue Agency, all resident corporations (except crown corporations and resident charities) have to file a corporate income tax (T2) return every tax year even if there is no tax payable. This includes but is not limited to the following:
A non-resident corporation has to file a return if, at any time in the tax year, one of the following situations applies:
This requirement applies even if the corporation claims that any profits or gains realized are exempt from Canadian income tax due to the provisions of a tax treaty. If you are unsure about your non-resident corporations filing requirements in Canada, its best to consult with a tax professional to ensure you are compliant.
Corporation income tax returns are due no later than six months after the business' year-end.
If you don’t agree with the reassessment from a tax audit, you can file an objection with CRA before appealing the decision with the Tax Court of Canada.
The first step in our process is to review the assessment or reassessment, as well as the accompanying dispute letter. Next, we speak with the auditor and determine what grounds they have to dispute. After reviewing the evidence, we develop a response to contest the dispute letter if there is sufficient evidence to support it. Finally, we’ll reach a resolution with the auditor. In the event that a resolution cannot be reached, the situation will be referred to a tax lawyer.
While it is not mandatory for every business to hire a corporate tax accountant, doing so can offer numerous benefits and potentially save you time, money, and stress in the long run. Generally, it's crucial to have a corporate tax accountant who understands the intricacies of corporate taxation. They can help ensure compliance and minimize the risk of costly mistakes or audits.
In addition, corporate tax accountants have extensive knowledge and experience in tax planning. They can identify opportunities for tax deductions, credits, and incentives specific to your industry, helping you maximize your tax savings. By analyzing your financial situation and business goals, they can develop customized tax strategies that align with your long-term objectives. More importantly, a corporate tax accountant stays on top of the latest tax regulations and ensures that your business remains compliant.