Burlington Licensed CPA Firm for Tax Services
Providing expert assistance to businesses and individuals in proper tax planning and compliance throughout the year.
- Proper Tax Preparation
- Licensed CPA Accountants
- Personalized Financial Advice
- Preferred by Businesses & Individuals
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Affordable Tax Accountant in Burlington
Beta Taxes offers comprehensive tax and accounting solutions for corporations in the varied business community of Burlington. As a certified Corporate Tax Accountant Burlington relies on, we ensure that corporations, professionals, and small businesses comply with CRA requirements while being tax-efficient and organised all year round.
If you operate a successful corporation in the downtown waterfront area, a professional practice in the vicinity of Appleby Line, or a long-standing corporation near the Burlington-Oakville boundary, our firm will make sure your T2 filing, tax planning, and tax audit are done flawlessly.
Fully Licensed CPA Ontario
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Why there is Need for a Professional Tax Accountant in Burlington
Operating a business that is incorporated in Burlington involves numerous requirements such as CRA compliance and making maximum use of deductions. There is no need to be surprised if your business pays more taxes than necessary because of mistakes made, which will become apparent only later on.
Choosing the services of a licensed Tax Accountant who is trusted by Burlington business owners will ensure that all your deductions, credits, and even compliance issues will be taken care of properly. We offer tax planning and even CRA audit services to our clients.
Why Beta taxes for tax filing in Burlington?
Value in Analytics:
We transform your financial data into valuable information, enabling business owners to make better decisions, increase profitability, and succeed in sustainable growth.
Professional Advice:
Get valuable financial guidance that will assist you in making sound business decisions and growing your business successfully.
Customized Support:
Enjoy custom financial solutions provided based on your specific business requirements.
Monitoring and Control:
Ensure better financial control and oversight through proper analysis and reporting.
Tax & Accounting Services We Offer in Burlington
Comprehensive tax and accounting services for individuals, businesses, and growing businesses in Burlington through precise financial management and professional advice.
Personal Tax Filing in Burlington
- Your personal tax is done with all possible deductions considered — medical expenses, home office, and moving expenses, which tend to be overlooked.
- Self-employed income is reported properly using the T2125 form, so that Burlington freelancers and contractors do not end up paying extra taxes.
- Quarterly payments are calculated precisely, so there is never any unpleasant surprise when making the large payment in April.
- Your spousal filing is coordinated to take advantage of income splitting wherever applicable.
Bookkeeping Services In Burlington
- We reconcile all bank and credit card accounts on a monthly basis to avoid errors that may balloon into a problem down the road
- We prepare a custom set of accounts to ensure your GST/HST reporting is linked to your accounting with no need for back calculations
- We monitor your accounts receivable and payable, alerting when anything exceeds 90 days to make bookkeeping actually translate into cash flow
- We retain six years worth of supporting documents to ensure you are never caught unprepared in case of a CRA inquiry
Business Tax and Accounting In Burlington
- We file your T2 return within six months from fiscal year end so as not to pay a 5% late filing penalty and an additional 1% monthly
- We ensure all your financials are classified under the proper GIFI codes since misclassified balance sheet items can trigger a CRA inquiry
- We monitor your capital additions by CCA class and claim immediate expensing on any assets that qualify to decrease your taxable income
- We calculate your quarterly tax installments using the prior year method to avoid installment interest from CRA
Advising Services In Burlington
- We analyze your income mix, considering RRSP eligibility, CPP cost, and individual tax brackets for Burlington owner-managers
- We keep track of your capital dividend account and make elections so eligible capital gains may be passed on to your shareholding individuals tax-free
- We track the refundable tax on your hand to plan for the right year when dividends will be paid to claim a refund
- We analyze your associated corporations to ensure that your small business deduction allowance has been properly allocated
Payroll Services In Burlington
- We deduct CPP, EI, and personal tax from your payroll payments accurately on each pay period, including the new CPP2 which often is incorrectly calculated by software packages
- We make source deductions on time and according to your specific remittance classification
- We prepare and file your T4/T4A forms, matching the amounts we have remitted as per records the CRA already holds
- We submit ROE in a 5-day period for interruption of employment in any Burlington employee
Tax Services We Serve in Burlington
Case Studies
Capital Gain Reporting for an Investor Selling Stock Positions
Problem: The individual investor, who had sold some of his stock positions during the year, was uncertain as to how he should calculate his adjusted cost base and report the capital gain.
Solution: We compared his T5008 forms with his brokerage account statement, calculated his correct adjusted cost base for previous investments, and properly reported the gain using Schedule 3.
- Capital gain recorded correctly by Schedule 3
- Cost basis determined correctly and validated
- Paperwork strong enough to pass any CRA inquiry
Tax Joint Filing for a Newly Married Couple in Toronto
Problem: The couple was married during the middle of the year and did not realise that the way in which they filed taxes was different – from eligible credits transfer to what one of the spouses' tuition amounts could help the other.
Solution: The two returns were looked at simultaneously, and we figured out which credits should be transferred between the two and how the two should file in conjunction with one another.
- Both returns filed successfully as a paired couple
- Credits allocated to the more worthy spouse
- The couple is now aware about joint filing after marriage
Claiming Tuition and Relocation Expenses for a Graduate Student in Waterloo
Problem: The student moved for his work experience but was unsure whether his relocation expenses could be claimed as a deduction or how he should claim the unused tuition amount.
Solution: It involved evaluating the circumstances surrounding his relocation based on the eligibility requirements of the CRA and computing his deductible amount, as well as organising his years of unused tuition credits.
- Return prepared correctly with relocation expense deduction
- Tuition credits unused properly documented and categorized
- Student ready for using credits carried forward in the future
First-Time Home Buyers Credit for a Couple Buying a House in Milton
Problem: A couple that had just bought their first house did not know which credits and withdrawals they qualified for, one being the withdrawal from their RRSPs under the Home Buyers' Plan (HBP).
Solution: We verified whether they could apply for the first-time home buyers credit and reported their HBP withdrawal.
- Claimed first time home buyers credit in full
- HBP repayment amount accurately indicated
- Payment plan clearly established for future filings
testimonials
Our Clients' Results Speak for Themselves
Real success stories from businesses we’ve helped grow.
Expert Tax Advice for Truckers & Small Businesses
I had a great experience with at Beta Taxes CPA. He explained a complex CRA trucking issue in very simple terms and helped me understand the risks and the right way to move forward. Very knowledgeable, patient, and practical. If you are a trucker or small business owner looking for clear tax advice, I highly recommend Beta Taxes.
Sarang Vaid
Stress-Free Business Tax & CRA Compliance
Beta Taxes CPA provided excellent support for our business tax and CRA compliance needs. Their team is knowledgeable, proactive, and very responsive. They explained CRA requirements clearly, identified tax-saving opportunities, and handled filings accurately and on time. The entire process was smooth and stress-free. We highly recommend Beta Taxes CPA for reliable business tax and CRA support.
Pargat Sandhu
Expert Guidance for Canadian Home Sale Tax Matters
Alex has been so amazing! I sold my home shortly after moving to the UK on a temporary visa and it was so stressful navigating the Canadian tax system. Even from afar – across the world, Alex took his time walking me through what I need to do, advised me on next steps, and how he can help me through calls on Whatsapp and email. I received the letter I needed from him to proceed with the closing of my Canadian home sale. Thank you so much to Alex and the team for your guidance and help! I appreciate it so very much 😊.
Carmen Mach
FAQ’s
Frequently Asked Questions
Do you offer bookkeeping and accounting services for all businesses in Burlington?
Yes, we provide accounting and bookkeeping services for various sizes of businesses in Burlington including sole proprietorships, corporations, and even large companies depending on their volume of transactions.
Why should I engage an accounting professional in Burlington rather than a local generalist?
If your business is already incorporated then a licensed accounting firm such as Beta Taxes will bring more technical expertise with respect to all aspects of tax planning, corporate filing and CRA compliance than an unlicensed generalist.
Do I need an accountant if I use QuickBooks or Xero software?
Bookkeeping software allows you to keep track of transactions but it does not do the filing of T2s, nor does it ensure that your transactions do not have any issues with CRA, nor does it do tax planning.
Can Beta Taxes help with incorporation of my business in Burlington?
Yes, we can help with all aspects of incorporation and CRA registration and setting up the accounting and tax system properly right from day one.
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Which industries are you specialized in supporting in Burlington?
Among the industries that we frequently serve are construction and real estate, content producers, food and beverages, financial institutions, freelancers, transportation and logistics, and manufacturing.
Would I have to hire a CPA when I could simply employ a more affordable bookkeeper or tax preparer?
While a bookkeeper will help you organize your transactions, a licensed CPA will sign off on your filings and represent you before CRA in case they decide to conduct an audit, which is the key difference once you get incorporated.
Is Burlington located close to your office or do you work with clients there remotely?
Both — Burlington is adjacent to our Oakville office, so meeting up in person is not an issue, while regular business is conducted remotely.
Industries We Serve in Burlington
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Your Dedicated Accounting Partner Is Just a Call Away
Each business has its own unique financial goals and the best accounting strategy is based on understanding the goals. If you’re in need of continuous support in accounting including bookkeeping, tax planning and payroll management, or business consulting services Our team is ready to assist.
In your initial call we’ll use the opportunity to understand your business as well as discuss the current challenges you face in accounting and suggest solutions that are tailored to your specific needs. You’ll get a better picture of how we will assist you in achieving financial success by providing clear communication, practical guidance and consistent, year-round service.
- Talk about your accounting and tax requirements
- Receive personalised recommendations based on your company's goals
- Find out more about our accounting process and service options
- What’s your budget?
