Personal Tax Return
We provide comprehensive individual tax return service that offers much more than simply filing your income tax return. Our licensed accountants will look carefully at the information provided and ask the necessary questions to ensure all available deductions are taken, while complying with CRA regulations.
- Expertly prepare and process your personal tax return
- Maximize deductions by selecting the best filing choices to minimize your tax payable
- Ensure that all tax credits are applied correctly on your personal income tax return
- E-file your return ensuring the quickest processing of your tax return
- Make your returns stress-free
Corporate Tax Return
Navigating tax laws for corporations can be extremely challenging. We offer expertise to all corporations from start-ups to large established businesses in a variety of industries. Our corporate tax services include:
- Preparation of corporate income tax returns
- Purchase and sale of a business
- Timely and accurate filing of T4, T5, and T3 statements
- Accounting for income taxes
- Tax estimates and instalment preparation
- Corporate tax and GST/PST instalment planning and filings
Bookkeeping
Let our dedicated and professional bookkeeping team process your business’s day-to-day transactions so you can do what you do best: run your business!
We understand that keeping and maintaining your books is a tedious job that takes you away from the more important aspects of your business. We promise accurate, effective and efficient bookkeeping services. We will take care of recording all your transactions and reconciling your books – making sure that your accounts are done right, and done well.
Our bookkeeping services include:
- Processing daily business transactions (sales, purchases, receivables, payables, etc.)
- Payroll processing, including:
- Monthly source deductions
- Annual T4 preparation and filing
- Sales tax reconciliation and filings (for GST and PST)
- Credit card and bank statement reconciliations
- Financial reporting
- Monthly, quarterly, or annual reports for you to stay on top of company finances
Managed Payroll
Companies outsource payroll more than any other function, but many never see the results they expect. At Prime Accounting, we know that payroll processing is more than calculating withholdings and cutting cheques. We will keep your company current on regulations, efficiently process hires and terminations, generate more accurate data and quickly resolve employee issues.