Tax & Remittance Prep

Taxes and the Government of Canada are a big part of doing business in Canada. You have to regularly remit income tax, employer payroll remittances if you have employees, and harmonized sales tax (HST) for the sales of goods or services.

The fear of getting these calculations wrong, or not being able to pay what is owed when it’s due can stress even the best business owner. Hiring a professional to ensure that your cashflow allows you to pay on time to avoid additional penalties and interest, and ensuring that your figures calculated for remittance are accurate can allow you to sleep at night and not fear any future audits.

If you ever are selected for a tax audit, know that because you’ve hired a pro you have someone who can talk tax with the auditor and ease the process for you.

Are you on top of these tax remittance frequencies to make sure you’re compliant:

  Payroll remittances are due monthly
  Income tax can be set up to be paid in installments or annually when your taxes are complete
  HST can be set up to be paid based on the volume of sales (monthly, quarterly or annually)

If you’re looking to get ahead of the game on your government obligations, you need to look at outsourcing your bookkeeping to a pro!