Tag: Edmonton tax accountants near me

Important Tax Tips For Small Business Owners in Edmonton, Canada

It’s been a busy year as a small business owner, now it’s time to turn your attention towards your small business’s income tax filing requirements. Small business owners in Canada are required to file an annual income tax returns with Canada Revenue every year whether they are profitable or not. Here are some tips on how to avoid making costly errors and falling under the CRA radar.

  • Find an accountant
  • Determine your income tax due date
  • Take advantage of tax deductions available to your business
  • Determine non-taxable benefits from employee wages and benefits
  • Ensure you don’t miss your income tax return deadlines
  • Stay on top of your record-keeping
Important Tax Tips For Small Business Owners in Edmonton (Canada)

The above article is for reference only. Every taxpayer’s situation is unique and offers various opportunities for tax savings and strategies. Feel free to Contact us for no-obligation evaluation and no-charge initial 30 minute consultation. 

Options to Hire the Best Tax Accountants in Edmonton

A tax accountant is a professional who can prepare income tax returns for individuals and companies. All companies and individuals are required to complete their taxes every year, and a tax accountant can prepare them for you.If you are a resident of Edmonton and thinking “where will I get an Edmonton tax accountants near me” then the information below is for you.

Picking the Right Tax Accountant

  • The tax accountant you pick should be familiar with the tax laws as set by Canada Revenue. He or she should have adequate training to prepare an accurate tax return. To find a tax accountant, check your neighborhood business directory or ask friends and family for suggestions. You can also search the internet for an “Edmonton tax accountant near me”.

  • Take your time finding the correct tax accountant for your requirements. While picking a tax accountant, you will need to ask questions. Ask what credentials or designations he/she has and how long have they been in A Chartered Professional Accountant has the necessary education and skills to assist you. They are required to keep up-to-date and knowledgeable about changes to the income tax act and under professional rules of conduct must act in an ethical manner.
  • You want to make sure you are charged a fair price for the work being done. Ask for a quote up front so you know what the charge will be. Avoid someone who will not give you a quote on the cost.

Watch out for a tax accountant who promises you a large refund. Some less ethical tax accountants will make promises of larger refunds than you’re owed, or quote a larger refund without preparing a return from your documents.