Reliable Business Tax Services in Calgary
One of the most confusing but essential aspects of running a business is filing taxes. Bohorquez Professional Corporation is here to tell you that you're not alone. Our professional team provides quality business tax services in Calgary for businesses. Our in-depth tax planning involves carefully drafting a personalized plan and incorporating the latest changes to the Income tax act in order to minimize what you spend on taxes in each period.
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When it comes to your business, you should leave your accounting and tax needs in the hands of a tax planning expert you can trust. We're a reliable accounting firm with a commitment to professionalism and customer satisfaction. At Bohorquez Professional Corporation, our personalized approach has helped many companies in Calgary focus on growing their business while having the peace of mind of knowing their taxes are taken care of. Call us at 403-254-2474 to find out how we can help you.
How We Help
We offer a range of expert tax services for business owners in Calgary.
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Corporate year-end statements
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Financial statement preparation
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Assistance with online tax filing to the government
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Preparation of the prior year's corporate returns
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Preparation and filing of T4s, T5 and T5018
Our experts have over 10 years of extensive experience in accounting, taxes and bookkeeping. Other than these services, we provide business consultation to help your business meet its goals. Do you have any questions regarding any of our services? You can send them to us, and we'll get back to you.
When Do You Have to File Your Corporate Tax Returns?
All corporations in Canada are required to file their corporate tax returns every year. However, it's often easy to forget when to file them. All you need to know is that your corporate income tax return needs to be filed within six months of the end of each tax year, which is your business's fiscal period. Two key things to remember are:
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If your corporate year-end date falls on the final day of a month, you have to file your corporate income tax return six months after the end of the fiscal year.
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If your corporate year-end date is on a day that is not the final day of a month, you have to file your corporate income tax return on the same date within six months after the end of the tax year.
When Do You Have to Pay Your Corporate Taxes Owing?
The date when taxes are due comes before the date when the Corporate tax returns need to be filed. The balances owing for corporate federal and provincial taxes are due 3 months after the fiscal year-end date. As mentioned above, the corporate tax filing is not due for 6 months after the year-end date. As such, we recommend clients file their corporate tax returns 3 months after the fiscal year-end to avoid paying interest on any balances owing.
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​Furthermore, if your corporation's taxes payable for the current or the previous year are more than $3000, you're required to pay monthly or quarterly installments the following fiscal year.
Essential Business Records for Filing Corporate Income Tax
A list of items you will need includes:
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Business Information
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Employee payroll information
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Business account bank statements (credit card, checking)
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Customer invoices
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Purchase and expense receipts
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Financial statements
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Tax Information
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Previous year’s tax returns
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GST return receipts
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Employee deduction payable
Who Is a CPA?
A certified public accountant (CPA) is a professional who has the training to assist businesses by filing their taxes, addressing any financial questions and saving them money. They have accounting degrees and are required to pass the Uniform CPA Exam. The latter makes them different from traditional accountants. Typically, CPAs can juggle diverse tasks for a business. They can take care of bookkeeping, financial planning, documentation and much more. Generally speaking, they can support your business with:
Tax compliance: CPAs like us have the capacity to identify any potential financial and tax-related issues before they become more extensive.
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Tax filing and advice: CPAs can take care of all your business' taxation requirements, which can include planning, record keeping and filing.
Consulting: CPAs also have the training to provide your business with consulting services. They can work with you closely to help you make crucial decisions and provide financial risk management and advice.
Payroll: CPAs can optimize your business by putting a personalized payroll system in place.
Bookkeeping: CPAs can maintain your business' financial books throughout the year for enhanced efficiency.
Our CPAs can provide your business with tailor-made business tax services in Calgary. We have years of experience working with corporations of all types and can provide you with the support you need to meet your financial goals. Please contact us if you'd like to set up an appointment. Apart from this, we can provide you with personal tax services.
Benefits of Hiring a Certified Professional Accountant CPA
The larger the size of your corporation, the more risk exposure you will have and the higher the complexity of your taxes will be. Here are the following benefits you will get by hiring professionals like us:
Will be able to save money on business costs: Your accountant will prepare the cash flow that will make you understand where your company stands financially in the market. Through these statements, you will get a clear picture of cash outflow in terms of rent, interest rates, salaries, insurance, etc.
Allows you to focus on core business activities: Time is extremely valuable to a business owner. The time needed to prepare your corporation’s taxes and books is time that would be better spent focusing on your business growth strategy and attracting new clients.
At Bohorquez Professional Corporation, our accounting professionals provide quality business tax services that will give you peace of mind as you continue working on growing your business.
Protect your business: Our business tax services aren’t just limited to tax compliance; our team will help you mitigate financial risks by eliminating inconsistencies and discrepancies.
Helps you avoid accruing CRA interest and penalties: Your accounting professional is up to date with the statutory requirements to ensure you don’t have to focus on the latest taxation updates, and this prevents inaccurate reporting and on-time tax filing.
Have an edge over the competition: If you want to keep improving your business performance, streamline your financial and accounting tasks with professionals at Bohorquez Professional Corporation. We will help your business by providing timely reporting that will allow you to make better business decisions. Our tax planning and tax preparation services will also help you avoid costly CRA interest and penalties.
To take advantage of our professional advice on tax, investments, etc., connect with us and learn how you turn insights into action.
Why Choose Bohorquez Professional Corporation?
At Bohorquez Professional Corporation, we provide various accounting tax services, such as personal tax. Corporate taxes are much more complex than your personal taxes. A single error can result in costly mistakes such as penalties, interests, or sometimes overpayment. While you think you can file for corporate tax alone, it is advisable to hire professionals. Here’s how we can help you:
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We adhere to the highest standards of the industry
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We're a small family-run business that understands other businesses
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We have the expertise that comes with experience
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We offer a range of personalized professional taxation services
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We're committed to your satisfaction
How to request our Business Tax Services in Calgary
Here are a few steps to follow when you have decided to hire our business tax services:
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Give us a call to connect with our accountant to go over all the details, and we will take you through the type of documents.
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Either send the bookkeeping to us or hire us to do the same.
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While reviewing this, we will start working on your company's corporate tax return.
We are experts in our field. To take advantage of our comprehensive business tax services in Calgary, fill out the form.
Business Tax Service in Spanish
Serving Calgary and the surrounding areas, we provide accurate and reliable business tax services in Spanish. We offer information about our services in Spanish.
Get In Touch
At Bohorquez Professional Corporation, we have a client-centered approach. When you entrust us with your business's tax services, we treat your needs like our own. Our team takes the time to carefully assess your financial history, goals and strategies to design individualized solutions for you. We take care of your business and personal tax returns and make sure you make the most out of all the possible credits to lower your tax burden significantly. We craft your tax return strategy beforehand to make your tax burden more optimized. When you work with us, you work with seasoned professionals who take pride in providing you with reliable services.
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Our team has the experience to provide business tax services in Calgary to various businesses, including large and small operations. If you'd like to schedule an appointment with us, please get in touch. Our team is always available to attend to any queries or comments that you might have!
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Our office is conveniently located on Macleod Trail, close to the Chinook Centre.