Oshawa Licensed CPA Firm for Tax Services
Our licensed CPAs provide tax advisory services all throughout the year to firms and individuals.
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Affordable Tax Accountant in Oshawa
At Beta Taxes, we strive to ensure all of our taxation and accounting services are available for all businesses within the city of Oshawa. Being an accredited corporate tax accountant in Oshawa, our core aim is to ensure that all our clients meet the CRA requirements.
If you own a business in the Innovation District of Oshawa, around Victoria Park, or even at Highway 7/8, then you can rely on us for all your tax matters.
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Why You Need a Professional Tax Accountant for Your Business in Oshawa
Being an entrepreneur in Oshawa, if you run a corporate business, you ought to be informed of many issues related to Canada Revenue Agency and tax deductions. The reason behind this is the fact that many corporate companies end up paying more taxes due to their lack of knowledge.
We are professional tax accountants in Oshawa and can ensure that all your tax issues and other aspects are handled in a professional way.
Why Beta taxes for tax filling in Oshawa?
Value in Analytics:
Turn your financial information into something valuable that will help the business owners make good decisions about their business to make profits.
Professional Advice:
Have professional financial knowledge and advice about how you can make your business grow successfully.
Customized Support:
Experience custom financial services according to your business.
Monitoring and Control:
Get better financial control and monitoring through efficient reporting.
Tax & Accounting Services We Offer in Oshawa
Tax services that are related to individual and business tax accounting services, even those for start-ups in Oshawa, will be provided by us.
Personal Tax Filing in Oshawa
- The filing of your tax return will be completed after taking into consideration all kinds of tax deductions, such as health care deduction, home office deduction, moving cost deduction, and so forth, which are often missed by many people.
- The filing of a personal tax return in Oshawa can be easily completed using the T2125 tax form so as not to pay any extra tax.
- Our unique tax forecast service is designed to ensure that there will be no unexpected thing when filing taxes in April.
- We have developed the perfect tax return strategy for your spouse.
Bookkeeping Services In Oshawa
- Your bank statements and credit card statements will be reconciled every month in order to ensure that there will be no errors leading to any problem in the future.
- A ledger account chart will be given to you in order to ensure that all your GST/HST returns will be linked with the data found in your accounting books without any form of verification.
- All the accounts receivable and accounts payable will be chased up and those that are overdue for more than 90 days will be chased up in order to affect your accounting process.
- Your source documents will be organized systematically for six years in accordance with the rules of the Canada Revenue Agency (CRA).
Business Tax and Accounting In Oshawa
- The T2 return is due within 6 months of the end of the year in order to avoid paying a 5% penalty and an additional 1% for each subsequent month of delay until the payment in full of taxes is made
- Financial Statements will be prepared in such a way as to avoid all possibility of misunderstanding in terms of the classification of the items appearing in the Balance Sheet
- The capital cost will be classified according to the class of the CCA and expenses incurred to reduce your taxable income in oshawa
- Tax Installments will be calculated quarterly using the previous year’s method so that you don’t have to pay the interest charges on the installments to CRA
Advising Services In Oshawa
- The ratio of salary and dividend is done using your RRSP contribution, your CPP cost, and your income tax bracket.
- Analysis of capital dividend accounts is carried out so that we may utilize the non-taxed capital gain of your shareholders.
- Your tax on hand will be analyzed by taking into account your income tax on dividend which is refundable for your dividend.
- Analysis of your associated company is done so that we may allocate the small business deduction limits.
Payroll Services In Oshawa
- Calculations for CPP, EI, Income tax and the newly introduced CPP2 will always be calculated accurately even though this was a problem for most payroll service providers.
- All your source deductions will always be submitted accurately and it will be ensured that your remitter category will always be updated.
- Your T4 & T4A slips will always be filed accurately with correct calculations and remittance according to your year end figures according to CRA rules.
- ROE forms will always be prepared within five days from the date of the termination of employment in Oshawa.
Tax Services We Serve in Oshawa
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 kinds of bookkeeping and accounting services do you provide for different business establishments in Oshawa?
Our bookkeeping and accounting services are provided to small business companies that are sole proprietorship business and large scale businesses having many branches in Oshawa. Our services will depend on the number of business transactions that you have.
Why should I go for your firm that has years of experience in Oshawa compared to other firms of accountants in Oshawa?
Incorporating your business will give you an extra advantage since CPA accountants are better at tax planning, tax compliance, and corporate filing than the regular accountants in your area.
Should I look for an accountant to work along with me when using QuickBooks and Xero accounting software?
You will use the software to record your transactions; however, you will need someone to review your transactions.
Is Beta Taxes able to assist me in incorporating my business in Oshawa?
Yes, Beta Taxes will be able to assist you in incorporating your business and creating your CRA account.
Are you capable of helping me fill the forms for the SR&ED tax credits for the technology firms that I am running in Oshawa?
Yes, there are some software companies in the Oshawa-Waterloo region which can get SR&ED tax credits, but they are unaware of this fact. We will conduct research on the R&D projects carried out by your firms and we can help you get the SR&ED tax credits as well as annual returns.
Should I keep a CPA in my business when I can get a bookkeeper or tax preparer at a cheaper rate?
While a bookkeeper handles your accounting record keeping needs, a CPA will handle your accounts if the CRA decides to audit your business once you incorporate your business.
How will your licensed CPAs benefit you in Oshawa even though you don’t have an office in Oshawa?
We offer virtual accounting services from our Ontario based office and have never faced any difficulty providing our services to Oshawa residents.
Industries We Serve in Oshawa
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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
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