Ashwani Sood

We are a team of Chartered Professional Accountants, CPA and Business Advisors. We see what those numbers say about your business and find efficiencies, create opportunity and maximize value. We pride ourselves in the ability to deliver premier services to both small and mid-size companies and high net worth individuals.

We offer accurate & affordable tax preparation services for Canadian Corporations. Corporation tax services are offered as a package covering Corporation Tax, HST returns and Payroll returns. For a business enterprise, all the relevant financial information, presented in a structured manner and in a form easy to understand, are called the financial statements.

This is the simplest form of operating a business. A sole proprietorship is an unincorporated business that is owned by one individual. The business has no existence apart from the owner. Only one owner is responsible for making all of the business decisions and, therefore, earns all the profits, but also assumes all of the risks and obligations.

Unincorporated businesses are not required to file T2 returns. These include sole proprietorships and businesses run by individuals as partnerships. Owners of unincorporated businesses are, however, subject to personal income tax on an individual basis.

Generally, every corporation carrying on business in Canada must file a Corporation Income Tax Return (T2 return) with the Canada Revenue Agency (CRA) no later than 6 months after the end of the tax year.You may be required to make installment payments, which are partial payments of the total amount of tax payable for the year.

Bookkeeping and accounting are integral part of running any business. Whether you hire an accountant or are comfortable doing it yourself, keeping your books in order will help keep track of required records. Hiring an accountant during your business start-up phase may be advantageous as he or she can help answer your questions about bookkeeping and accounting.