TAX Services
At Vistance Accounting, we understand that managing taxes can be overwhelming for small business owners, especially when you’re focused on growing your company. Our experienced team specializes in providing personalized tax services designed to help small businesses navigate the complexities of tax compliance and maximize their financial potential. Whether you’re looking for tax planning, preparation, or advice, we’re here to guide you through every step, ensuring your business stays on track and in good standing with tax regulators. Let us handle the numbers so you can focus on what matters most – running your business.
What do Tax Services Comprise of?
At Vistance Accounting, our comprehensive tax services are designed to support small businesses with every aspect of tax compliance and strategy. We provide expert tax preparation to ensure your business meets all tax regulatory requirements while minimizing liabilities. Our team also offers proactive tax planning, helping you optimize deductions, credits, and strategies tailored to your business. Additionally, we assist with tax filings and provide personalized advice to help you make informed decisions. Finally, we can communicate and negotiate with tax regulators on behalf of your business. With Vistance Accounting, you can trust that your business’s tax matters are in capable hands, so you can focus on growth and success.
How Using Vistance Tax Services Save Time and Money
Using Vistance Accounting’s tax services saves you both time and money by streamlining the entire tax process. Our expert team ensures that your tax filings are accurate and compliant, reducing the risk of costly mistakes or penalties. With proactive tax planning, we help you identify opportunities for deductions and credits you may have otherwise missed, ultimately lowering your tax burden. We handle the complexities of tax preparation, so you don’t have to spend valuable time navigating confusing paperwork or keeping up with ever-changing tax laws. We can help navigate through challenging and confusing communication with tax regulators on your behalf negotiating terms where necessary.
Why Hire VISTANCE for TAX Services?
- Expertise and Accuracy: Our experienced team ensures your tax filings are precise and compliant, minimizing the risk of costly mistakes or penalties.
- Proactive Tax Planning: We identify opportunities for deductions, credits, and tax-saving strategies specific to your business, reducing your overall tax burden.
- Time-Saving: We handle all aspects of tax preparation and filing, freeing up your time to focus on growing your business.
- Personalized Service: We provide tailored tax advice and solutions to meet the unique needs of your small business, ensuring the best possible outcomes.
- Communication and Negotiation with Tax Regulators On Client Behalf: We communicate with the CRA / IRS on behalf of your business and negotiate terms when required.
What to Expect From VISTANCE'S TAX Services
Vistance Accounting’s tax services provide expert tax preparation, proactive planning, and personalized advice to help small businesses stay compliant, minimize tax liabilities, and save time.
Tax Preparation And Filing
- Services include corporate annual tax filings which Compilation Engagement (previously known as Notice to Reader)
- Quarterly tax filings: GST / HST
- Monthly tax filings: Payroll remittance
Tax Advisory
Tax advisory involves providing expert guidance on tax planning strategies to help businesses minimize liabilities and optimize their financial position. Vistance Accounting offers tailored advice to ensure your business makes informed decisions and remains compliant with tax laws.
Payroll
Tax advisory involves providing expert guidance on tax planning strategies to help businesses minimize liabilities and optimize their financial position. Vistance Accounting offers tailored advice to ensure your business makes informed decisions and remains compliant with tax laws.
Communication and Negotiation with Tax Authorities
We assist small businesses in effectively negotiating and communicating with the CRA / IRS, ensuring they navigate tax matters with clarity and confidence.
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TAX Service FAQs
Have more questions? Here are some frequently asked questions about the Tax Services at Vistance.
How can a business minimize their business’s tax liabilities?
By working with a tax advisor, you can identify tax credits, deductions, and tax planning strategies specific to your business. These may include capital cost allowance (CCA) for assets, GST/HST refunds, and employee-related deductions, which can help reduce your taxable income.
What deductions and credits can a small business qualify for?
Small businesses in Ontario may qualify for various deductions and credits, such as expenses related to office supplies, vehicle usage, home office deductions, employee wages, and provincial tax credits like the Ontario Innovation Tax Credit. Speak with a qualified professional to confirm which credits may apply to your business.
How to know if a small business is compliant with CRA tax regulations?
Regular reviews of financial records, proper documentation of expenses and income, and accurate reporting of GST/HST or other taxes ensure compliance. The team at Vistance can help you stay on track and ensure you are meeting all CRA requirements.
What happens if I miss a tax filing deadline?
Missing a deadline can result in penalties and interest on any unpaid taxes. Vistance can help you avoid late fees by keeping track of important dates and filing your returns on time.
How can tax planning help me save money throughout the year?
Tax planning helps businesses identify opportunities to reduce tax burdens by spreading income, taking advantage of tax credits, maximizing deductions, and ensuring you are paying the correct amount of taxes throughout the year instead of waiting until the year-end.
Does Vistance offer tax strategies for businesses that are expanding or looking to grow?
Yes, Vistance can provide tax strategies tailored to your growth goals, such as advice on managing cash flow, structuring new investments, claiming capital cost allowance on new equipment, or utilizing available tax credits for expansion projects.
Can Vistance communicate and negotiate with the CRA / IRS on behalf of my business?
Yes, Vistance can act as a representative on behalf of your business, and communicate or negotiate directly with tax regulators.
