Matrix Accounting:
Your Able Business Tax Accountant
All commercial business organizations exist primarily to earn income. The tax that they need to pay to the government on a mandatory basis is what constitutes business tax. As per the Canadian law, it is compulsory for all resident corporations to file a T2 Corporation Income Tax return annually, each tax year. This applies to even non-profit, inactive and tax-exempt corporations and also for such organizations that have a ‘no tax payable’ condition.
Computation of business taxes and ensuring compliance with the ever-changing government rules and regulations is complicated. Such tasks should be entrusted only to knowledgeable tax professionals who are qualified, licensed, trained and most of all experienced in business taxation. Matrix Accounting is a name to reckon with in Calgary offering highly specialized financial, accounting and taxation related services to corporations and business houses.
Why us?
The modern digitized world tends to believe that software systems hold the answer to all their problems. That maybe true in most cases but when it comes to tax computations, deductions, tracking deductible expenses and preparing filing documents, the software is still a machine that is not equipped to offer comprehensive taxation assistance. Also, business tax rules are dynamic, there are changes and there are implications that a computerized program may not be smart enough to interpret and apply for to your business. Hence, it is imperative that you trust only qualified and experienced professionals who are not only trained in this field but are also aware of the current laws and are thoroughly aware of the legal system to offer advice on ethical ways of reducing tax burden.
Our expertise lies in:
- Full-cycle book-keeping services –one of the common issues with small and medium scale businesses is that their record keeping is questionable. Revenues and expenses need to be tracked and recorded on a daily basis. It may seem to be a wastage of time initially but it should be an integral part of your finance system from the beginning for ease during return filingat the end of the year. We offer expert services that record data accurately and in the required format.
- Preparation of Financial Statement with Notice to Reader – proper maintenance of data and book-keeping helps prepare the profit and loss statement that portrays the financial status of your business precisely. Matrix Accounting undertakes the job of preparing the financial statement that is so crucial to understand the business performance and assess the cash flows and liquidity status of the entity. The unaudited basic financial statement is shared with the Reader that also helps you take effective business decisions.
- Filing GST – We will help you with filing the GST return on time and at all times help with maintaining compliance with the statutory laws of the land.
- Annual return filing – The annual returns need to be filed within a certain period and in case you fail to do so, you will attract fines and penalties. Our job is to streamline your annual business tax returns in accordance with the required regulations.