Are you self-employed, and involved in commercial activities? Then you may definitely know that running a business involves a lot of knotty and mundane tasks. One of those is tax preparation and tax filing which can be difficult, especially for the self-employed or a small business owner. Regardless of the size of your business and the income you generate, you have certain obligations or duties in preparing your tax that must never be missed on any account. So, what are they?
- No matter how much you earn, you have to record your income by filing a tax return. Unless you record the money flow through your business, you will be penalized.
- You must be paying personal income tax and Canada Pension Plan contributions on net self-employed income.
- You have to maintain complete and detailed paperwork for six years following the end of the tax year it relates to and keep the original documents to back them.
Quite stressful, isn’t it? Here comes the tax services into play. You may think you can handle everything all alone, but it takes much time for you which could be spent on other important things. This won’t be a matter when you’re assisted by tax services. Tax services with the know-how of taxes can simplify the entire process and accomplish things efficiently in a relatively short time. They will also fill you in with every update in taxes. But what is more important is to pick the right tax service which has a resounding mastery in taxes and accounting.
Tax Partners is a highly renowned firm in Newmarket, Ontario, which has been keeping its ball rolling for 39 years in tax and accounting services. This firm has experience in diversified fields – international tax, cryptocurrency tax and accounting, business law, forensic accounting, internal control, CFO services, human resources management, wealth, and estate planning. Therefore, they can be an excellent choice for you.
About Tax Partners:
The firm consists of a team of 27 accountants and an administrative team. Some of the accountants are former employees of Canada Revenue Agency. Therefore, this firm proudly says “there’s nothing that Tax Partners cannot do when it comes to accounting and tax. Our employees are highly experienced in working closely with business owners to make their expectations come true”.
When it comes to taxes, accuracy is the most important factor to be considered and that comes with years of experience. So obviously a team of experienced accountants can give you the best solutions to all your problems. This firm strives to make sure that the taxes and accounting are done accurately without you having to worry about a CRA audit or dealing with the CRA by yourself.
Tax Partners have been emphasizing client-oriented services. They take pride in serving 8,640 clients every year and 82.36% of which are self-employed and small business corporations. They have had clients with high expectations reaching for their assistance in tax, so they endeavor to meet their(clients’) expectations by providing 24×7 services to keep their clients smiling all year round.
Their unwavering dedication and accuracy in calculation over the years have made them in the row of ThreeBestRated® as one of the top three tax services in Newmarket, Ontario for six subsequent years. This is not an easy ride for them as every year they have to undergo a rigorous 50-Point Inspection of ThreeBestRated® to be topped in the row.
Tax Partners aims to help their clients in all possible ways as they educate their clients and community on tax and accounting topics through their YouTube channel. Tax Partners provides a free initial consultation to their prospective clients, so click here to get to know more about them: https://taxpartners.ca/
About ThreeBestRated®
ThreeBestRated® was created in 2014 with the simple goal of finding the top 3 local businesses, professionals, restaurants, health care providers, and everything in-between, in any city. Every business is meticulously handpicked by our employees. We check business’s reputation, history, complaints, ratings, proximity, satisfaction, trust, cost, general excellence, reviews, and more, using our 50-Point Inspection. We only display businesses that are verified by our employees. Other places will call this “hard work” and “unnecessary”. We call it “due diligence” and “the right thing to do”. Our website is updated on a regular basis for quality and the latest business information.
ThreeBestRated® has the honor of helping 4.5 million customers every month find the best businesses in any city – without any effort!
