Personal Tax Accountant & Tax Advisors in Toronto
Individuals in the city of Toronto can take advantage of personal accounting and tax assistance.
Accounting and tax preparation will become much less mysterious when you work with our team of personalised accounting professionals. It is possible to access the accounting and tax assistance you receive throughout the year, and it will answer all of your questions and keep you informed of any changes to tax laws in both Canada and the United States.
Accounting and tax services provided by Bomcas Canada Accounting and Tax Services can make accounting more simple and straightforward, regardless of whether you are single or have a family, or whether you work full-time or are self-employed.
Why Choose Our Toronto Personal Accountant
In addition to providing practical and insightful advice, our tax professionals are skilled at lowering your tax burden while allowing you to keep more of your hard-earned money. Proactive client partnerships enable our accounting firm to perform at the highest level of excellence. As a result, we are able to plan our clients’ tax strategies each year. In contrast, we are unwavering in our belief in our ability to deliver reactive tactics that alleviate the financial and emotional stress that can accompany high-value taxation litigation.
Our personal tax advisors will assist you in navigating the tax code in order to maximise your return on investment. You can count on our tax professionals to handle everything from simple CRA document requests to complex tax audits.
Your complex and simple personal tax returns will be handled by people who are extremely knowledgeable, experienced, and competitive in all aspects of Canadian tax laws and regulations on how to reduce your tax burdens and claim all tax credits that are legal and allowable. If you are a high-net-worth individual or an aspiring entrepreneur in need of assistance with your annual personal tax return and other financial obligations, please contact us right away.
Preparation for taxes – Tax Planning.
Tax planning is more than just filling out a form and hoping for a refund. We can assist you in achieving your financial goals by utilising a variety of tax planning strategies. Additionally, we can assist you in preparing for major life events such as the purchase of a home, the birth of a family, further education, or quitting the workforce to start a business.
Inheritance and legacy – Trust and Estate.
Whether you’re transferring cash, real estate, or other assets to the next generation, our accounting experts have the knowledge and experience to help you preserve your wealth while minimising the tax burden on your beneficiaries. We’ll help you plan ahead so that your loved ones aren’t taken by surprise at a difficult time.
Self-Employed.
Do you run a small or medium-sized company? We help small business owners and sole proprietors with tax planning, as well as educating them on their tax obligations and rights. We also ensure that they are in full compliance with all applicable regulations. In addition, we can offer sound advice on a wide range of topics, such as business expansion, incorporation, HST, and future cross-border issues. To allow you to focus on growing your business, we’ll handle your accounting needs.
GST/HST.
Collection and remittance of GST/HST is a requirement for all businesses, regardless of their size. We will ensure that your GST/HST return is filed on time, that all of your questions are answered, and that you understand how to collect tax correctly.
Assistance with the Canada Revenue Agency (CRA) and the Internal Revenue Service (IRS) Audits.
Are you under investigation by the Canada Revenue Agency or the Internal Revenue Service? Let’s start with a casual discussion. Our tax professionals in Canada will assist you in organising your finances and ensuring that you are aware of your rights and responsibilities when the government comes knocking on your door. Make us your ally, and we’ll relieve you of the stress associated with the audit.
Individual and Family Accounting and Tax Preparation Services. Accountants and tax preparers.
Tax preparation and accounting services are provided by Bomcas Canada Accounting and Tax Services in Toronto, Canada, the United States, and throughout the rest of the world. If you would like to schedule a complimentary consultation with an accounting professional, please contact us at Bomcas today.
Service Providers for Individual Income Taxes
Personal tax services in Canada are available for a wide range of tax situations, ranging from the simple to the complex.
Accounting services for individuals are provided by the team of personal accounting professionals at Bomcas Canada, who also offer a comprehensive range of personal tax services. The Canada Revenue Agency has approved us as an EFILER. All of our Individual tax returns (T1) are prepared under the direct supervision of experienced and qualified professional tax accountants with years of experience in preparing individual tax returns.
Whatever the tax situation, we are prepared to handle it, no matter how straightforward or complex it may appear.
- Individual income tax and benefit return (T1) for singles and couples with employment income.
- Self-employed individuals can use our individual income tax preparation services (unincorporated businesses).
- Individuals with investment income, rental income, or foreign income can benefit from personal tax services.
- Students can get help with their income taxes.
- Income tax services for new Canadian immigrants and leavers (emigrants) from Canada.
- Preparation of income tax returns for deceased individuals.
- Non-resident income tax services
- Tax issues for Canadian residents, non-residents, and dual residents
- Canadian Income Tax Services for Canadian Snowbirds and US Citizens
- Tax Considerations for Real Estate Transactions and Rental Property
- Backfiling of Personal Income Taxes – filing for multiple tax years
- Tax Appeals and Voluntary Tax Disclosure