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A better perspective regarding Canadian corporate tax

Author: Josep Guardiola
by Josep Guardiola
Posted: Feb 23, 2014

In simple words, corporate tax planning provides all the techniques that are relevant in decreasing the tax invoice of a corporate body. Some of the important aspects of it include supporting a pension plan, declaring devaluation expenses, writing off the company resources, creating the reductions in company vehicles, health insurance coverage and many more. Corporate tax planning is all about knowing what it means to be completely self-employed. A company owner needs to be aware of everything that might impact the taxation paid. The self-employment tax, company expenses and reductions, non-profit efforts, moving income and the same are important concerns in this respect.

The importance of a tax consultant in a company for making important decisions related to taxation is quite important. Lately there has not been sufficient research done on the same based on the lack of sufficient data. However, well known enterprises have been suggesting their present customers on several subjects that are associated to the tax issues.

Other than that, the companies also focus on tax preparing and decrease guidelines for any company. They upgrade themselves consistently with the future changes and variations in tax. They also keep themselves modified on their effects in the ever dynamic company circumstances. At the same time, they also focus on several kinds of tax benefit related guidelines. All this is done throughout the season and not merely during a certain time, such as the end or the beginning of a financial year.

Formatting your company tax profits can often turn out to be a complicated and boring process, in case you don't have the required assistance available at your end. There are circumstances when taxation can straight affect the individual tax profits. However, today well known companies specializing in company tax planning alternatively work in dealing with these issues offering the help both at a personal end. The services provided are as follows:-

  • Corporate Returns (1120, 1120S, etc.)
  • Collaboration Returns (LLC, LLP, LP, etc.)
  • Exempt Organizations (Form 990)
  • Fiduciary Tax Returns (Form 1041)
  • Sales Tax Returns
  • Property Tax Returns
  • Pay-roll Tax Returns
  • Processing Book / Tax Differences

In addition to this, there are certain companies that also provide free assessment on previous year company tax profits as well. Furthermore, they also offer an optionally available GTFS Program (3 Year Tax Representation) on every company tax profits.

If you are looking for a genuine tax consultant regarding Canada-US tax issues or any other related queries, contact Michael Atlas. He is a renowned tax accountant in Toronto.

Josep Guardiola is a chartered accountant who practices as an independent canadian corporate tax specialist. He also author of offshore tax planning, in this article he provides tax consultant tips. For more information you can visit

About the Author

In these times of economical downpour and recession, many people find themselves immigrating to other countries in search of greener pastures.

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Author: Josep Guardiola

Josep Guardiola

Member since: Mar 11, 2013
Published articles: 35

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