London Licensed CPA Firm for Tax Services
Offering professional advice in tax planning, compliance and financial matters throughout the year for companies and people.
- Professional Tax Filing
- CPA Specialists
- Financial Advisers
- Trustworthy for Companies & People
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Affordable Tax Accountant in London
We, at Beta Taxes, are proud to provide our corporate tax, accounting and bookkeeping services to all corporate enterprises of the London business community. As a Certified Corporate Tax Accountant in London, we specialize in handling taxes and bookkeeping affairs of incorporated companies, professional practices and small firms that seek to be CRA compliant.
From an emerging technology enterprise in London’s Innovation District to a professional practice near Victoria Park or a manufacturer/trades firm at Highway 7/8, our team of experts will provide accurate T2 tax preparation and planning.
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Why You Need a Professional Tax Accountant for Your Business in London
If you run a company in London as a corporation, there are several obligations related to the CRA and using all possible deductions. In reality, a number of companies end up paying more taxes than required simply because of lack of information.
We are a reputable Tax Accountant in London, and we will make sure that all of your tax credits and other information is filed accurately. We provide tax planning and CRA audit services to our customers.
Why Beta taxes for tax filing in London?
Value in Analytics:
Turn your financial information into meaningful insight for your business owner to make sound business decisions to grow and become profitable.
Professional Advice:
Take advantage of our expertise in finance and receive guidance on how you can grow your business effectively.
Customized Support:
Avail yourself of personalised financial services that are tailored to fit your business needs.
Monitoring and Control:
Have better financial control and oversight through efficient reporting.
Tax & Accounting Services We Offer in Kitchener
Complete tax accounting services offered to individual taxpayers, business enterprises and start-ups based in London, offering financial management as well as professional advice.
Personal Tax Filing in London
- Your income tax return is done by claiming all possible deductions such as medical, home office and moving expenses which are generally forgotten
- Your self-employed income taxes are correctly done on T2125 form, ensuring that London-based independent contractors and self-employed do not overpay
- We estimate your advance tax payments to ensure that your large April income tax payment comes as no surprise to you
- We make a proper planning of your spousal tax return to ensure that you save on tax wherever possible
Bookkeeping Services In London
- Each bank and credit card account is reconciled each month to identify mistakes that will not become problems in the future
- A customized chart of accounts is prepared for you in order to ensure that GST/HST filings are directly linked to your accounting records, and there is no requirement for manual verification
- Accounts receivable and payable are followed up on, and anything outstanding after 90 days will be identified to affect your bookkeeping process
- All source documents are stored in a good manner for a period of six years just in case the CRA asks for them
Business Tax and Accounting In London
- Your T2 Return is done within six months after the end of year to save yourself from 5% penalty plus an extra 1% each month till payment of the full amount
- The preparation of financial statements will be done in such a way that there is no possibility of misclassification of balance sheet items
- We have categorized capital expenditure into CCA classes and use the option of full expensing to minimize the taxable income of your London business
- The tax installments will be calculated every quarter according to the previous year method to not be part of CRA’s installment interest list
Advising Services In London
- We examine your ratio of your salary and dividends considering your RRSP contribution room, CPP cost, and your income tax bracket
- We review your capital dividend account to allocate any capital gains tax-free to your stockholders
- We review your tax on hand for your refundable dividend tax with dividend payments timed during the year you get your refund back
- We examine your associated company to make sure your small business deduction limitation is correctly allocated between the corporations.
Payroll Services In London
- We are accurate with our deductions for CPP, EI, and Income Tax, including the newly introduced CPP2 which is frequently miscalculated by other payroll systems.
- We ensure your source deductions are paid and also check your individual remitter category to prevent anything from going into arrears.
- Your T4 and T4A slips are prepared with your remittance amounts matching and the end-of-year amounts matching the CRA’s.
- ROEs are filed within five days of interruption of employment in London.
Tax Services We Serve in London
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
What accounting and bookkeeping services do you offer in London for various businesses?
We offer services for small businesses which include sole proprietorships as well as large businesses which have many offices in London. The services we offer depend on the level of transactions your business does.
Why should I hire an accounting firm with London expertise rather than a general one in my vicinity?
The CPA accountant will have more knowledge in areas like tax planning, tax compliance and corporate filings than just a general accountant in your area especially since you have incorporated your business.
Do I need an accountant when I already have QuickBooks and Xero?
It is your software where you will record your transactions, however, your transactions will still need to be reviewed, filed and a tax plan developed, which is offered by a licensed CPA.
Can Beta Taxes help me set up a new business in London?
Yes. Beta Taxes will help you incorporate your business, create your CRA account and develop the appropriate tax and accounting structure for your business.
Can you help my technology companies in London regarding SR&ED tax credit applications?
Yes. The London-Waterloo region hosts a large number of technology and software companies that have the right for SR&ED tax credits without knowing about it. We examine their research and development programs and file their tax credits application with your annual filings.
Would it make sense if I hired a CPA as I could go for a cheaper bookkeeper/ tax preparer?
While a bookkeeper can manage your books, a CPA will take care of your filings and will represent you in case of any CRA audit or review once you have been incorporated.
How do your licensed CPAs work in London since you do not have an office there?
We are a virtual service provider working from our office in Ontario. Being situated in London is no hindrance for us. Most of our London customers like to deal on the internet.
Industries We Serve in London
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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.
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- Receive personalised recommendations based on your company's goals
- Find out more about our accounting process and service options
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