Tax Accounting Services in Toronto

At Stonehenge, we specialize in small business tax accountant services. We handle it all—income, payroll, sales or any other type of tax—and help you with tax planning and estimates in our reporting, to help you save money.

We know firsthand that taxes are one of the most complicated and hard-to-understand aspects of the accounting process. Our goal as certified tax advisors is to relieve our clients of the stress that tax planning can bring and provide them with a straightforward and cost-effective plan for minimizing their taxes and maximizing their returns.

Good tax planning means working with a certified tax consultant and making sure you’re in full compliance with all laws and policies pertaining to taxes, while also taking advantage of any tax breaks available to you. By leveraging our years of tax accounting experience, we can provide you with a full suite of tax preparation services that help you protect your profits and get the most out of your assets.

We can help you with all aspects of tax planning and maximization, no matter what stage of business or life you’re in. Whether you need help with income and commodity taxes, estate planning or succession advice, we can help you craft an efficient tax plan that’s tailored to meet your specific needs.

Our tax planning specialists ensure that you’re getting the most benefit from your tax filings. Using our experience and expertise, we can use various strategies to ensure that when you file your taxes, you’re taking advantage of every possible benefit. For instance, we’ll help make sure that your business falls under the Small Business Deduction Limit and that you’re carrying forward or back losses properly and tax-efficiently, so you end up paying the least possible amount of tax each year.

Need help translating your financial statements into tax statements? Not only do we provide bookkeeping services and keep track of your financials, we also translate them into General Index of Financial Information, or GIFI, statements, which are used to file your T2 tax return and reconcile your income for tax purposes.

If you’re not familiar with tax regulations, preparing your financial statements with GIFI codes can add a layer of confusion to an already complex process. To make things even more challenging, you need to file your corporate tax returns with one of seven specific tax offices spread across the country, and the office that pertains to your business may not be the one located in your province. We can help you navigate this confusing process and make sure your taxes are filed properly with the correct tax office.

If you’ve had trouble with taxes in the past, don’t worry: we can help there too. If you’ve received a letter from the Canada Revenue Agency and aren’t sure how to respond, get in touch. We can help negotiate a tax settlement that puts you back on stable ground with the CRA and allows you to get back to focusing on what’s really important, running your business.

No matter what kind of tax services you need, we can help. And we won’t just do it come April, either. We’ll work with you throughout the year to make sure you understand the tax implications of your business decisions, and your business is running as tax-efficiently as possible.