Tax Accountants Mississauga, ON
Services by A.A Tax & Accounting
A.A Tax & Accounting work diligently to offer our clientele quality Accounting, Taxation, and Business consultancy services. Our Certified Accountants manage all your financial needs efficiently and affordably. We understand how valuable your time is, That is why we handle all your individual or business Accounting and Taxation needs, so that you can focus on building your business.
Personal Tax Planning & Preparation Services Mississauga, On
Our Mississauga Tax Accountants are experienced in the preparation of all sorts of Personal Income Tax Returns (T1.). A.A Tax & Accounting in Mississauga, ON offers quick, accurate and cost-effective Personal Income Tax Preparation Services and Solutions. Our Mississauga Tax Accountants cater to clients from diverse expanses of professions whether they are:
- Employed (T4s)
- Sole-Proprietor (Business Owners/Commissions)
- Student (Part-time or Full-time)
- Investors (Rental income, Share, Mutual Funds, RRSPs or Other Investments)
- Retired Individuals
- On support or earning employment insurance
- Drive Taxi, Uber or Truck
We can help you maximize your return and help you save more. Our personal tax return preparation is extended to non-residents, US Citizens and more. Our experienced professionals help you understand key elements about your returns, solve personal tax problems, provide you with assistance in CRA audits and reviews, prepare your personal tax return flawlessly, on time and above all, save you taxes and get you the maximum refund possible.
Sole-Proprietor
As a business owner or commission earner, especially a Real Estate Agent, Mortgage Agent or an Insurance Agent, it gets really hard to manage your bookkeeping or accounting – from acquiring new clients, to following up on leads, client meeting, attending conferences or socializing events.
We keep your books up to date by recording your transactions on a monthly basis as compared to a yearly basis. We urge you to submit your bank statements, receipts, invoices and bills monthly. That way you are saved from the time-consuming job of compiling all of the information at the year-end, some of which you might lose in the meantime.
This helps you to get timely expense reports so that you make informed decisions while managing your small business or practice.
Our team specializes in cloud-based accounting software like QuickBooks Online and XERO accounting, and we can help you to maintain updated financial information for your reporting purposes.
Employee Expenses
We have created a detailed form for our clients to record their employee expenses, like business use of Personal Motor Vehicle, travel expenses, tools and supplies, required uniforms, and dues and subscriptions. As a taxpayer, we want you to be aware of all the deductions that are available to avoid overpayment.
A.A Tax & Accounting
serve clients across Mississauga, Brampton, Oakville, Burlington, Toronto, Etobicoke, North York, Vaughan, Markham, Hamilton, Cambridge, and Kitchener, Ontario.
Our services include:
- Personal Tax
- Corporation Tax
- Registration & Incorporation
- Accounting & Bookkeeping
- Payroll
- HST Filing
- Financial Statement Preparation
Please go to our Tax Online Page for further details,
Reach out to A.A Tax & Accounting to find out more about our Personal Income Tax Preparation Services and Solutions.
You can also Book a Consultation with our Tax Professionals in Mississauga, ON.
Accounting & Bookkeeping Services Mississauga, On
Maintaining a comprehensive, permanent and accurate record of all of your business’ transactions can be a time consuming and strenuous task for an entrepreneur or small business owner who is focused on growing his/her business. However, understanding the combined effect of all such transactions on the financial position of the business, as a whole, is critical to your ongoing business success.
Our accountants and bookkeeping professionals at A.A Tax & Accounting work persistently to uphold the highest standards to ensure that these tasks are dealt with professionally, allowing you to concentrate on the growth and success of your business.
Take advantage of the expertise of our Certified Accountants. Wehave vast experience in managing books and accounts of clients from diverse business backgrounds. A.A Tax & Accounting are efficiently trained in:
- Oracle Financials
- Quickbooks Desktop
- Quickbooks Online
- Xero Accounting
- MYOB or Accountedge
Our services include:
- Personal Tax
- Corporation Tax
- Registration & Incorporation
- Accounting & Bookkeeping
- Payroll
- HST Filing
- Financial Statement Preparation
We serve clients across Mississauga, Brampton, Oakville, Burlington, Toronto, Etobicoke, North York, Vaughan, Markham, Hamilton, Cambridge, and Kitchener, Ontario.
Contact A.A Tax & Accounting for Accounting & Bookkeeping Services across Mississauga, ON
Financial Statement Preparation Mississauga, On
Most businesses require financial statements for effective and efficient business management, banking purposes, and to ensure their compliance with CRA’s requirements. At A.A Tax & Accounting, our Accountants diligently provide the finest accounting and bookkeeping services and prepare your financial statements in accordance with the International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) Canada.
Our Accountants based in Mississauga, ON will gather your business numbers to create your financial statements. Other than the identification and correction of apparent errors discovered in the process of compilation, no additional assurance is provided with the financial statements.
In addition to the preparation of financial statements, more detailed information may be collected, analyzed and reported including information about capital assets, short and long-term debt and information about shareholders or other related parties and share capital for corporations. Balance sheets, cash flow statements, and operations may be included.
We provide our clients with a complete Financial Reports package along with a Notice to Reader (unaudited financial statement) which includes:
- Statement of Financial Position (balance sheet)
- Statement of Comprehensive Income/Deficit (income statement)
- Statement of Retained Earnings
- Statement of Cash Flows
- Notes to the Financial Statements
Our services include:
- Personal Tax
- Corporation Tax
- Registration & Incorporation
- Accounting & Bookkeeping
- Payroll
- HST Filing
- Financial Statement Preparation
For Financial Statement Preparation,
Contact A.A Tax & Accounting in Mississauga, ON
Corporate Tax Preparation Services Mississauga, On
Corporation Taxes T2s
From budding startups to mature businesses our accountants, tax advisors, and business consultants have helped several businesses to resolve accounting issues and optimize their accounting, bookkeeping, and financial reporting systems.
A.A Tax & Accounting focuses on creating a personalized tax plan for your corporation based on your financial goals and needs. Our Mississauga Tax Accountants follow a systematic approach in recognition of expenses and develop an optimum plan for payroll and dividend for shareholders to ensure your tax liabilities are minimized or deferred when applicable. This helps you plan your finances, maintain your wealth, and support business growth accordingly.
Incorporated or planning to incorporate your business? Our professional tax experts Can help you plan and effectively strategies your business incorporations and efficiently file Corporation Taxes.
Our Corporation Tax service includes:
- Accounting and bookkeeping for income taxes
- Preparation of HST returns
- Filing of T3s, T4s, and T5s with CRA
- Preparation of T2 Corporation Tax returns
- Tax estimates and installment preparation
- Our Experienced Tax Accountants based in Mississauga, ON ensure timely filing of all the required Taxes by keeping track of your corporation’s tax filing deadlines in our Customer Resource Management (CRM) System. This helps prevent you from being charged penalties and interest upon late filings.
Our services include:
- Personal Tax
- Corporation Tax
- Registration & Incorporation
- Accounting & Bookkeeping
- Payroll
- HST Filing
- Financial Statement Preparation
A.A Tax & Accounting serve clients across:
- Mississauga
- Brampton
- Oakville
- Burlington
- Toronto
- Etobicoke
- North York
- Vaughan
- Markham
- Hamilton
- Cambridge
- and Kitchener, Ontario.
Contact A.A Tax & Accounting in Mississauga, ON to find out more about our Corporate Tax Preparation Services.
HST Filing
To correctly calculate and file your GST/HST Return, you need to ensure that you not only keep track of how much GST/HST you collected and how much GST/HST you paid in the filing period, but also keep track of your GST/HST by category. We prepare, review and file monthly, quarterly, and annual GST/HST returns appropriately.
Our professionals are well versed in HST calculations and Input tax credits (ITC) and ensure the optimization of your HST filing by following:
- Conventional HST Calculation method
- Quick HST Calculation method
Our services include:
- Personal Tax
- Corporation Tax
- Registration & Incorporation
- Accounting & Bookkeeping
- Payroll
- HST Filing
- Financial Statement Preparation
For HST Filing, Contact A.A Tax & Accounting in Mississauga, ON
Registration & Incorporation
Corporation Taxes T2s
If you have decided to take the leap in starting your own business, you will have to determine what business structure or form of organization suits your needs. The structure of your business depends on whether you want to run your business yourself or with a partner or associates and if you plan to have employees. There are three types of business structures: Sole Proprietorship, Partnerships, and Corporations and Cooperatives.
What’s the difference between Proprietorship, Partnerships, and Corporations?
To help you better understand the differences between the three types of business structures, we have listed the advantages and disadvantages of each segment.
Once you’ve finalized the type of firm you want to establish, to open up a new business in Ontario, you may need to do the following:
- Check for availability of the proposed business name
- Register the business name
- Apply for an HST number (former GST number)
- Apply for a Payroll Account (if you plan to have employees)
- Apply for an Import/Export Account (if you plan to trade with other countries)
- Apply for WSIB Account (this is mandatory if you plan to have employees)
A.A Tax & Accounting in Mississauga, ON can assist you through each step. Our Professional Accountants in Mississauga, ON can provide you expert consultancy and handle all the requirements in setting up the following:
- Register / renew master business license for sole proprietors
- Register number / named Ontario corporation
- Register number / named federal corporation
- Register / renew master business license for a numbered corporation
If you’re heading towards complete incorporation, apart from helping you through the process, we will also provide you with full incorporation kit and help you select a fiscal year-end or calendar year-end and when to incorporate.
During the course of the incorporation, we will help you understand what will happen to your current business losses and future profits and determine what business assets and goodwill should be transferred to the corporation. We will work towards your success by facilitating management decisions and setting up your company books, records and government filings.
Business Plans and Budgeting
Do you need help with developing a business plan for your new start-up?
A.A Tax & Accounting can help create a business plan with thorough research of historical industry data of the same business class. Our professionals will identify an appropriate benchmark in the relevant industry as comparative of the estimates and assumptions for the projected financial statements. We will also define the appropriate marketing strategy for the start-up and the relevant manpower needed to carry out the operations.
We know that scaling your company is all about finding out what you envision for the future and developing the strategies to make it happen. We can help you with business planning and strategy, expansion assistance, and transaction planning. We also offer entrepreneur guidance and profit analysis and provide support for operational improvement.
Software & Internal Control Consultancy
Our team is knowledgeable in various accounting software and will help you select the appropriate software that fits your business and reporting needs. We will help you set up the software and provide hands-on training to your users for transaction processing and posting.
Our Professional Accountants can help you streamline your processes in a way that your internal controls can maximize the efficiency and effectiveness of their operations.
Our services include:
Personal Tax
Corporation Tax
Registration & Incorporation
HST Filing
Financial Statement Preparation
Payroll Services Mississauga, On
Payroll Deductions
For small businesses, incorrect payroll deductions become the responsibility of the owner. Any amounts not correctly withheld are the business’ or owner’s responsibility to pay. To ensure you avoid such situations, our professionals will maintain your payroll in compliance with legislation and can help you file monthly payroll deductions with the CRA.
We also ensure timely and accurate filing of Employee T4s and T3s, and T5s for the Shareholders and Investors with the CRA.
Our services include:
- Personal Tax
- Corporation Tax
- Registration & Incorporation
- Accounting & Bookkeeping
- Payroll
- HST Filing
- Financial Statement Preparation
A.A Tax & Accounting serve clients across:
- Mississauga
- Brampton
- Oakville
- Burlington
- Toronto
- Etobicoke
- North York
- Vaughan
- Markham
- Hamilton
- Cambridge
- and Kitchener, Ontario.
