Anoop Agarwal certified professional accountant can provide a variety of tax services including corporate tax services. We assist in completing and filing corporate tax returns or T2 for hundreds of corporations in Edmonton and surrounding areas on a yearly basis.
According to Canada Revenue Agency, all resident corporations (except crown corporations and resident charities) have to file a corporate income tax (T2) return every tax year even if there is no tax payable.
Corporate tax returns are substantially more difficult to properly prepare than personal taxes because individual taxpayers are only required to report income, whereas corporations are required to report their balance sheet, income, owners, and distributions to owners, payroll, and indirect tax (GST).
As your corporate tax accountant in Edmonton, we ensure that you file your return no later than six months after the end of each tax year. The tax year of a corporation is its fiscal period. When the corporation’s tax year ends on the last day of the month, returns should be filed by the last day of the sixth month after the end of the tax year. When the last day of the tax year is not the last day of the month, file the return by the same day of the sixth month after the end of the tax year.
Our team focuses on the fundamentals of corporate tax services. Our accountants tirelessly work to minimize your corporate tax burdens so that you can retain more of your hard earned money. Experience has proven that good tax planning needs to be considered with a long-term perspective. Short-term schemes may appear enticing, but they seldom result in sustaining financial viability.
We also provides corporate tax services in Edmonton to many of our business clients. One of our main services include translating accounting financial statements to what is known as tax financial statements or General Index of Financial Information (GIFI) financial statements. GIFI financial statements are used to file the T2 return and reconciles income for accounting purposes to income for tax purposes. Other corporate tax services in Edmonton that Anoop Agarwal certified professional accountant provides includes filing nil returns for dormant or inactive corporations, innovative tax planning to ensure that your corporation falls within the Small Business Deduction Limit and your losses are being properly carried forward or carried back so that you are paying the least amount of corporate income tax.
Let Anoop Agarwal certified professional accountant get rid of the headache of filing your corporate income tax return by either letting us act as your corporate tax accountant in Edmonton or by allowing us to provide corporate tax services in Edmonton and surrounding areas Our team of educated and experienced professionals will ensure you file a corporate income tax return that triggers the least amount of corporate tax payable.
Contact us today for all your personal tax needs – Call 780-995-9174