Our Services
1. Tax Planning & Tax Filing Services
Tax planning is vital for business and individuals. We provide modernize tax planning with lowest amount of taxes allowable by lawbecause we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.
2. Corporate & Personal Income Taxes (T1 & T2 Returns)
Corporate Tax Planning is heart of business with right strategic decisions. Our basic objective of corporate tax planning involves the reduction of a company’s Effective Tax Rate (ETR) to achieve tax efficiency and remain competitive in its industry. In comparison to paying a tremendous amount of corporate tax annually, effective corporate tax planning is a better alternative for companies.
In order to get proper and due credits from the CRA and filing of the proper and accurate personal tax return we had a practice of double checking of tax return before filing it wit CRA. This way we try our best to maximize the refund amount, if a client is entitled to and help you save your hard-earned money
3. Payroll Services
Let us easy, accurate managed details of payroll for your Canadian employee and sub-contractors.
Payroll Administration Involves:
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Paying your employees and supplying email or printed pay stubs
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Complying with WSIB (Workplace Safety and Insurance Board)
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Supplying a ROE (Record of Employment) when required
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Payment of source deductions accurately and on timely basis say Monthly/Quarterly or Annually
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Supplying Tax forms such as T4 or T4A to each employee on time
4. Business Structure
NK Tax & Accounting Services Helps you in Choosing right Business Structure. The Right Business Structure for your new Business will largely depend on what your Business is, the Liability Associated with running your Business and what your target market is.
There are three primary Business Structures available to Entrepreneurs:
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Sole Proprietorship
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Partnership
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Incorporation
5. Bookkeeping, Accounting & HST Filing
Our Accounting Team are well qualified, experienced and stay current with continuous certifications and seminars to ensure we are up to date on all of the newest information, laws, regulations, and techniques in our field. Maintenance of proper bookkeeping and accounting of all business transactions works as great business analysis and future planning tool.
6. Small Business Tax filing
Get special packages for small business accounting and tax planning.
7. Dual Citizen Tax Planning
If you’re not sure about how your citizenship status might affect your tax obligations, consider getting a professional opinion. Every situation is unique and tax laws change frequently. Discuss now with NK.
8. Students
Full-time students are not exempt from paying income tax in Canada. If you received any income, including summer jobs, part-time jobs, scholarships, bursaries or grants, you need to file an income tax return. As a full-time student, you may be eligible for several deductions that can reduce the amount of tax you owe and may even provide a refund. These include deductions for tuition, moving expenses, and even childcare expenses.
9. Federal & Provincial Registrations
If you’re not sure about how your citizenship status might affect your tax obligations, consider getting a professional opinion. Every situation is unique and tax laws change frequently. Discuss now with NK.
10. HST / WSIB RETURNS
Our HST/WSIB servicesin Canada involve Calculation of HST / WSIB accurately and preparing these returns regularly and submits them within the deadline as approved for your business.
CPANKTAXES helps its clients in preparing and submitting provincial sales tax HST returns. We also help clients in precisely calculating their WSIB premium.
