Fall is not just about pumpkin spice lattes and colourful leaves – it’s also the perfect season to plan for your corporate taxes. Starting early allows you to take a proactive approach, identifying cost-saving strategies to reduce your corporate tax burden before the year ends.
At A.M.I. CPA Professional Corporation, we specialize in Accounting, Tax Preparation, Business Consulting, and Advisory Services to help businesses thrive. By building long-term relationships and offering tailored guidance, we aim to support your growth and success at every step.
Why Tax Planning Matters
Corporate tax is a complex and highly specialized area that varies significantly based on your business’s size, industry, and operations. Whether you run a small start-up or oversee a multi-million-dollar enterprise, understanding your unique tax obligations and identifying potential savings is crucial.
That’s where we come in…At A.M.I., we simplify the corporate tax filing process by acting as your trusted advisor and corporate tax accountant. Our mission is to help you file accurately and ensure that you only pay what’s absolutely necessary.
Your Essential Year-End Tax Document Checklist
Preparing the right documentation is key to an efficient and stress-free tax season. Use this checklist to ensure your records are complete:
Accounting Reports
- Income Statement/Profit & Loss for the fiscal year
- Balance Sheet as of the year-end date
- Trial Balance as of the year-end date
- Accounts Receivable Summary listing as of year-end
- Accounts Payable Summary listing as of year-end
- Summary of Revenue by Customer
Additional Documentation (Fiscal Year-End Month Only)
- Bank Statements and reconciliation for all corporate accounts
- Credit Card Statements and reconciliation for all corporate accounts
- Bank Loan Statements as of the year-end date
- Mortgage Statements as of the year-end date
- HST Filings for the fiscal year
Copies of supplier invoices for new purchases, such as:
- Equipment
- Vehicles
- Computers
- Furniture
Prior Year Documents
- Corporate Tax Return
- Notice of Assessment
By organizing these documents ahead of time, you streamline the tax preparation process and reduce the likelihood of delays or missed opportunities.
Frequently Asked Questions About Corporate Tax
We understand that tax season can raise a lot of questions. Visit our FAQs to explore common queries, including:
How Do I Calculate Capital Cost Allowance?
What is the Corporate Tax Rate?
Can I File My Own Corporate Taxes in Ontario?
Why Choose A.M.I.?
When you choose A.M.I CPA Professional Corporation, you’re not just hiring a service provider – you’re gaining a dedicated partner who cares deeply about your business’s journey and success. We combine technical expertise with a personalized approach, serving businesses across Oakville, Burlington, Milton, Mississauga, and Hamilton.
As a family-operated business, we understand the unique challenges businesses face. That’s why we provide more than accounting services; we offer solutions designed to empower your business today and into the future.
Get Started Today
Ready to take the headache out of tax season? Contact A.M.I. CPA Professional Corporation for a consultation and discover how we can help your business thrive while minimizing your corporate tax burden.
