Legal

A lot of client’s panics when they see the audit letter from CRA. There are always chances that CRA might audit your corporation or personally, Versatile Accounting & Tax due to expert knowledge in tax help to communicate and deals with CRA directly on your behalf. This will create peace of mind for you as we will take care of all your CRA audits need.

If incorporated, businesses will have to file a corporate income tax return within six months from the year end date; however, corporate taxes are due within either sixty days or ninety days from the year end date, depending on the nature of the income. Other returns include: GST/HST for registered businesses with monthly, quarterly or annual filing deadlines

• Payroll remittances will vary based on volume, but typically for SMEs, the frequency will be monthly. The business must issue T4 slips based on calendar year by the end of February of the following year.
• Workers Compensation Board premiums, typically due monthly. There is also an annual reconciliation.
• Employer Health Tax premiums due for businesses with payroll in excess of $450,000.

That depends on exactly what you need to be done. In an introductory meeting we will determine what level of financial accounting your business needs and the exact services that will be beneficial.