Accountant Markham

Markham Tax Accountants

Personal Tax Return Services Markham

As Markham Accountants offer professionally prepared personal tax filings completed by a CPA. We collect your tax information through a secure email and file transfer system. Our process allows us to make sure that you have claimed the appropriate tax credits and deductions with minimal effort on your part. Once we have completed preparation of your return, we will meet with you through Zoom online meeting and review everything before e-filing your tax return.

We will assist you with ensuring that your income is properly reported. The following income tax slip may be included in your income:

Employment Income – T4, T4A
Investment Income – T5, T3, T5008, T5013
Rental Income
Pension and Annuities – T4(OAS), T4A(P), T4RIF, T4RSP, T4
Income from Self Employment
Schedule of Capital Gain and Loss
Foreign Income
Other Income – T4E, T4PS, T5007, RC210

We also identify all the tax deductions to be included in your tax return so that your income tax is minimized. The following is a list of tax deductions that might be included in your tax return.

Employment Expenses – Form T2200
Investment Income – Non-registered investment counsel fees
Expenses Relating to a Rental Property Income
Membership Fees, Union and Professional Dues
Moving Expenses
Child Care Expenses
Alimony and Maintenance Payment – T1157
Disability Support Expenses
Allowable Business Investment
Legal Fees
Stock Options
Income Tax Installments Paid
Pension Adjustment Reversal/Past Service Pension Adjustments -T10/T215
Fines, Penalties and Levies

Personal Tax Return Services Markham

Assistance summarizing eligible expenses and determining available tax credits and tax deductions
Comparing current year tax return vs previous year to ensure it is accurate and complete
T1 Personal Income Tax Return preparation – from documents provided by the taxpayer and retrieved from the CRA website
Meeting to review the draft tax return prior to filing and discuss any related issues
Electronic filing and CRA confirmation

Online Small Business Bookkeeping Services Markham

Get your free time back. Let us handle the bookkeeping so you can focus on running your business, and enjoying your time away. We have developed a seamless bookkeeping process using QuickBooks Online (Accounting Software) and Hubdoc (Document Collection & Management Software) to provide you with timely and useful reporting, which is always accessible to you. This way you always know how your business is doing.

Professional Bookkeeping Services Markham:

We look after your bookkeeping on a weekly, monthly, or quarterly basis to provide you with up-to-date, reliable figures throughout the entire year. This allows you to keep on top of your business and assist you in making crucial decisions to help your business grow. It also allows you to keep up to date with your HST compliance requirements.

This includes:

Check all bank feeds to ensure payment matches against the correct customer invoice
Review all bank and credit card feeds to ensure the correct expense is assigned
Audit all bank and credit card feeds to ensure the correct sales tax is applied
Maintain data feeds into your accounting software files
Troubleshooting & support
Includes a subscription to a collection and document management software
Invoicing and Receivables (Optional)
Create and send out invoices to clients and customers (Optional)
Follow-up on outstanding amounts (Optional)
Payables and Payments (Optional)
Book bills due and handle payments (Optional)

Management Reporting Services Markham:

Management Reports on a timely basis (weekly, monthly, or quarterly) to support your business. Also, meet with your accountant on a regular basis to stay on top of your business.

This includes:

Income Statement (month and year-to-date) – This will assist you in identifying how your business is performing over the months, pinpointing trends, and opportunities.
Balance Sheet (month over month with change column) – This report shows your financial position and assists you in meeting your financial obligations.
Accounts Payable (weekly) – How much money do you owe? Do you have sufficient funds to make those payments?
Accounts Receivable (weekly) – How much money is owed to you? Do you need to follow-up on payments?
Cash Flow (monthly) – Does your cash coming in cover your cash going out? How is your cash balance? Knowing this helps you stay on top of your business.
Bank Balance (daily) – Checking your cash balance gives you a quick look at how the business is doing.

Sales Tax Return Services Markham:

We prepare and review sales tax returns to ensure that GST/HST collected and the available Input Tax Credits are correct. We review the return with you, answer any questions, and submit it on timely basis.

Sales Tax Return Services:

GST/HST Return Preparation
Assistance summarizing GST/HST collected and available Input Tax Credits
Automated email “due date” reminders
Electronic filing and CRA confirmation

WSIB Premium Calculation Services

Calculate WSIB Premium return
E-file quarterly WSIB Premium
Automated email “due date” reminders
Email payment Amount to the client

Corporate tax accountant near me

Financial Statements and Corporate Income Tax Return Services Markham

Financial Statements

We will prepare year end comparative financial statements for your company that are customized to your business and easy to understand. We will meet with you to discuss your financial statements and answer all of your questions.

Corporate Income Tax Return

We prepare and file your corporate tax return on-time and early enough that any taxes owing is known in advance. We’ll even explain the whole tax return to you if you’re interested in learning.

This services includes:

Annual Review of financial information contained in your online accounting software
Preparation of required adjusting entries
Publish Annual year end Financial Statements
Provide Working Papers supporting all balance sheet accounts
Preparation of T2 Corporate Income Tax Return
Calculation of your taxation refund/payable amounts
Electronic filing of Income Tax Returns
Access to email support about corporate tax questions

Tax Planning Markham Accountant

The year-end is a good opportunity to implement tax planning. We’ll look at the whole picture, including your company and your personal taxes so that you don’t pay any more tax than is necessary.

Business Goals and Strategies Markham Accountant

We love discussing business goals and strategy. Let’s define success for your business, create goals and setup a plan to achieve them.

We love working with small businesses in Markham.

We love working with Markham’s small business owners. Whether it’s advisory, accounting, taxation, or bookkeeping. We customize our services to your needs.

Our office is in Markham and we hold our meetings in-person or by Zoom meetings.

We use a combination of QuickBooks Online (financial software) and Hubdoc (document collection and management online software), so you can access your financial information from anywhere. Let us show you what it’s like working with modern accountants.

Why go with Still CPA for accounting and taxation needs?

PEACE OF MIND

As a business owner, the last thing you need to be worried about are tax filings and remittances. We will take care of all your tax compliance requirements.

FINANCIAL STATEMENT ALWAYS READY

Whether you are looking for financing, leasing, or applying for a loan, you need your business financials ready. We update your records monthly.

BETTER BUSINESS DECISIONS

We provide you with excellent, timely, up-to-date reports and analysis about your business to help you make effective decisions. We also provide expert CPA advisory.

FIXED PRICING

We use fixed pricing so you can pick up the phone or schedule a call with us without having to worry about hourly billing. You will never get a bill you did not see coming. We are accountants you will want to talk to.

ACCESS FINANCIAL DATA ANYWHERE

We use software accessed via the internet, so you will not be tethered to your office. By using online accounting software, you can check your company’s financial information from the office, your home, or your mobile device.