Tax Services
Tax Services
Our Chartered Professional Accountant – led (CPA) team partners with you on your business and/ or your personal taxes, providing expert advisory services to ensure compliance while identifying optimal avenues for reducing your tax bill.
At HK Thomas Accounting and Business Advisory Services Inc., we view tax services as a core strategic component of your financial success. Our Chartered Professional Accountant (CPA)-led approach focuses on ensuring rigorous compliance while proactively minimizing your tax liabilities for both your business and your personal wealth.
Key Tax Service Offerings
- Corporate Income Tax Services:
- T2 Return Facilitation: Managing data compilation, year-end adjustments, and ensuring the final return is accurately prepared and filed by a licensed Chartered Professional Accountant (CPA).
- GST/HST Management:
- End-to-End Compliance: Handling all obligations, from initial registration to meticulous return calculation and timely remittance to the CRA.
- Personal Income Tax services (T1) & Advisory:
- Comprehensive T1 Filing: Accurate and timely filing for individuals and families.
- Specialized Reporting: Expert handling complex income sources (e.g., self-employment, rental properties, capital gains/losses).
- Maximization: Meticulously identifying and applying all eligible tax credits and deductions for maximum legal benefit.
- CRA Compliance, Audit Representative & Dispute Resolution:
- Audit & Review Support: Full support and professional representation throughout any CRA inquiry, review, or formal audit.
- Dispute Resolution: Preparation and submission of formal Notice of Objection and Appeal letters to effectively challenge assessments.
- Issue Resolution: Providing knowledgeable solutions for complex tax issues (e.g., undisclosed income, unfiled returns).
- Payroll Tax & Employer Compliance: (In conjunction with Payroll Management.)
- Source Deduction Accuracy: Timely and accurate calculation, reporting, and remittance of all Payroll Taxes (Income Tax, CPP, EI).
- Year-End Slips: Preparation and filing of mandatory information returns (T4, T4A, T5, etc.).
- WSCC Reporting Compliance: Specialized reporting and assessment management for Workers’ Compensation.
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