Tax preparation services and advice for Individuals, Self-employed individuals, Partnerships, and Corporations
R&Co. Chartered Professional Accountant Prof. Corp. team assists individuals, businesses, and other entities in preparing and filing their tax returns accurately and in compliance with tax legislation and regulations. Our tax specialists/advisors and preparers offer guidance, support, and expertise to help clients navigate the complexities of tax filing and minimize their tax liabilities.
We provide tax preparation services and advice:
Tax Return Preparation
Tax specialists gather relevant financial information and documentation from clients, including income statements, expense records, investment statements, and other tax-related documents. They use this information to prepare and complete various tax forms and schedules required for filing income tax returns.
Tax Planning and Strategy
Tax advisors provide strategic tax planning advice to help clients optimize their tax situation and minimize their tax liabilities. They analyze the client’s financial situation, income sources, deductions, credits, and tax-saving opportunities to develop tax-efficient strategies tailored to their specific needs and objectives.
Our tax advisors provide advice and guidance on which form of business will be suitable for each specific case and which tax and reporting obligations the client will have in each case.
Tax Compliance and Regulation
Our tax team stays up-to-date with changes in tax laws, regulations, and filing requirements to ensure compliance and accuracy in tax return preparation. They help clients understand their tax obligations, deadlines, and filing requirements, and assist them in meeting their tax compliance obligations on time.
Deduction and Credit Maximization
Tax advisors identify eligible tax deductions, credits, exemptions, and incentives that can help clients reduce their taxable income and overall tax liability. They advise clients on strategies for maximizing tax deductions and credits related to expenses such as charitable contributions, education expenses, medical expenses, retirement contributions, and business expenses.
Tax Audit Assistance
In the event of a CRA audit or tax examination, our specialists assist and represent clients throughout the audit process. They help clients respond to CRA inquiries, gather supporting documentation, and navigate the audit proceedings to resolve issues and minimize potential tax liabilities.
Electronic Filing and Compliance Reporting
Tax preparers facilitate the electronic filing of tax returns on behalf of clients to ensure accurate and timely submission to tax authorities.
Year-Round Support and Consultation
Tax preparers offer year-round support and consultation to clients on tax-related matters, financial planning, and tax implications of significant life events or financial transactions. They serve as trusted advisors, providing ongoing guidance and assistance to help clients navigate the complexities of the tax system and achieve long-term financial success.