This refers to providing the required information to various governments
accurately and by prescribed deadlines. For businesses, it generates two
needs, filing the information and defending its accuracy if questioned
through an audit or a review. If decisions of audit or review are not
acceptable to tax payors, they can appeal the decisions. The scope of
reviews is not as broad as that of audits.
To meet the filing requirements of governments, we prepare all
necessary returns including the following. We also prepare the necessary
documents to support the returns, e.g. T4s, T5s and financial
statements.
- Personal Tax Returns
- Investment Income Returns
- Annual Payroll Returns
- GST Returns
- Corporate Tax Returns
- Monthly Payroll Returns
- RST Returns
In doing the compliance work, we also ensure that the best possible
audit trails are set up at affordable cost to tax payors. The damage
caused by no or little audit trails is often not immediate and hence not
realized. We are very conscious of audit trails at all times while
designing your accounting system, recording your transactions or
preparing your returns. If a tax saving we claim for you is crucial or
unclear, we search for credible literature to support the claim. We then
save this printed material as a part of audit trails, because this
published material would be most useful in defending you in an audit or
an appeal that may come your way sometimes.
Tax planning does not usually come to you in the form of a document from
your accountant. Instead, tax saving plans developed for your needs
are implemented through proper presentation on returns. We ensure that
all possible tax savings possible for clients are availed in preparing
these
returns.
We also defend tax payors by presenting their case properly in
reviews, audits and appeals. Besides tax
assessments, tax payors are sometimes assessed substantial penalties and
interest. We can get these reduced or eliminated by presenting your case
effectively to appropriate fairness committees. |