Kingston Licensed CPA Firm for Tax Services
Have a Licensed CPA Firm in Kingston take care of your tax preparation, accounting, and CRA compliance with the precision your company or individual accounts require.
- Accurate, CRA-Compliant Returns
- Licensed CPA on All Engagements
- Tailored Financial Advice
- Support for Both Businesses & Individuals
Book a free consultation
Affordable Tax Accountant in Kingston
At BetaTaxes, we offer our corporate tax, bookkeeping, and accounting services to businesses in the Kingston area and ensure that each one of your filings is completely CRA-compliant. As a corporate tax accountant in Kingston, we offer our services to businesses all around Kingston, whether you are located near Queen’s University, on the waterfront in downtown Kingston, around CFB Kingston, or anywhere along the Highway 401 route.
No matter what location your business calls home in Kingston, we have you covered for all T2, bookkeeping, and audit questions with our accurate, no-questions-asked services.
Fully Licensed CPA Ontario
30-Day Money Back Guarantee
900+ Google Reviews
60 Day Fees Matching Policy
Why Kingston Businesses need a Professional Tax Accountant
Operating a business in Kingston entails the same CRA tax filing regulations applicable throughout the rest of Ontario; however, the seasonal revenue that comes with tourism activity, in addition to the presence of Queen’s University and its educational and research institutions in conjunction with the military and governmental contacts, may require certain filing considerations that may go over the head of an ordinary tax filer.
Employing the services of a reliable tax accountant in Kingston entails your deductions being claimed effectively, proper filing for the first time, and preparation should the CRA need any further clarifications.
Why Beta taxes for tax filing in Kingston?
Value in Analytics:
We convert your accounting data into figures that will be put to action, allowing your decisions to be made on solid facts rather than speculation at the end of the year.
Professional Advice:
Receive advice from a team of experts who know not only about CRA requirements but also about business growth.
Customized Support:
Each project is developed with your specific business or personal circumstances in mind, rather than a general program for all clients in the region.
Monitoring and Control:
Keep your figures under control throughout the year through adequate reporting and monitoring, instead of being surprised by them once a year.
Tax & Accounting Services We Offer in Kingston
Professional tax and accounting services to Kingston residents including individuals and small and medium-sized businesses.
Personal Tax Filing in Kingston
- T1 tax preparation for all areas including medical expenses, home office, and moving expenses that others miss
- T2125 tax preparation for self-employed people in Kingston
- Calculations of accurate tax installment payments to avoid surprises in spring
- Tax preparation for couples for optimal credit transfer and income splitting when possible
Bookkeeping Services In Kingston
- Reconcile all bank accounts and credit cards monthly to avoid minor mistakes from building up
- Create a customised chart of accounts for your firm to keep GST/HST reports accurate without manual tracking
- Track accounts receivable and payable, tagging all outstanding entries that are older than 90 days
- Have six years of source documents prepared just in case the CRA ever asks for them.
Business Tax and Accounting In Kingston
- Tax filings for corporations completed and submitted within six months after year-end to avoid late penalties
- Financial documents categorized correctly according to their GIFI code to avoid CRA audit through matching
- Capital assets entered in compliance with CCA regulations where the application of immediate expensing is applicable to reduce taxes
- Quarterly tax payments determined on the previous year’s method to avoid CRA interest payments
Advising Services In Kingston
- Review of annual salary vs. dividend ratio considering your RRSP limit, CPP expenses, and tax brackets
- Maintenance of your capital dividend account, along with filling out election forms to ensure that your capital gains qualify for tax exemption
- Keeping track of your refundable dividend tax credit considering when the refund will be payable
- Consideration of associated corporations legislation to properly allocate your small business deductions limit
Payroll Services In Kingston
- Correct calculations of CPP, EI, and taxes on all payments, including CPP2 which is commonly miscalculated by most payroll systems
- Timely remitting of source deductions according to your individual remitter code
- Preparation of T4 and T4A forms according to your remittances
- Filing ROE forms within 5 days of employment termination of your Kingston employees
Tax Services We Serve in Kingston
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 provide services related to bookkeeping and accounting to all sorts of businesses in Kingston?
Yes, we assist sole proprietors, incorporated businesses, and multi-location businesses operating in Kingston, offering customized accounting services in Kingston based on your transaction flow and business nature.
Why should I prefer a CPA firm in Kingston to a local bookkeeper?
Being a Licensed CPA Firm in Kingston means that we have greater knowledge regarding corporate filing, tax planning, and dealings with the CRA compared to a generalist bookkeeper once the business is incorporated.
Do I need a CPA even if I already use QuickBooks or Xero?
Yes, as these applications will only log your transactions but won't help you with filing your T2, CRA concerns, and tax planning; a CPA is required for preparing, reconciling, and filing your reports.
Does BetaTaxes provide services for forming a company in Kingston?
Yes, we help incorporate companies and set up a CRA account, creating an accounting system from scratch to avoid problems later after a year or two of operations.
Which industries do you work with in Kingston?
Our services include tourism and hospitality, construction and real estate, finance, freelancers and self-employed people, and food and beverage industries in Kingston.
Why should I hire a CPA when I can hire a bookkeeper for much less money?
A bookkeeper will make entries in the books of account, while a CPA will sign off business documents and represent you in case of a CRA audit, which becomes necessary when your business expands.
How do you serve Kingston without having an office in Kingston?
We work remotely from our office in Ontario, so an office in Kingston is not required – our clients in Kingston use our services remotely and never have to come to us physically.
Industries We Serve in Kingston
SCHEDULE AN INTRO CALL
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?
