Choosing the cheapest firm to handle your corporate tax returns will likely cost you more money in the end due to their inexperience. A prospective client called Gary R. Landa, CA Professional Corporation the other day, asking how much they charge for advice to help them sell their business to an identified buyer. They were surprised we could not only help them in the process of selling their business but that using an accountant can possibly result in saving time and ultimately fees that other professionals, who are required to assist in the transaction will charge.
When you hire an accounting firm with over 38 years’ experience, such as Gary R. Landa, CA Professional Corporation, it can make a significant impact on your bottom line.
1. Accurate Tax Return Filings
Improperly-filed tax returns make audits far more likely. Audits can be extremely costly and time consuming. When the tax return is completed correctly the first time, the chances of a tax audit are drastically reduced.
2. Identifying Deductions
An experienced accountant knows the details and particulars of the Income Tax Act, and can help you discover deductions you may not know existed. Since 2001, Gary Landa has been on the Toronto West Tax Practitioners Committee. This position affords him access to numerous contacts and professionals with various levels of tax expertise.
3. Tax Compliance Assistance
Beyond basic bookkeeping and filing, an experienced accountant can offer assistance with more complicated matters such as income tax compliance, HST/GST compliance, and payroll taxes.
4. Understanding Tax Implications
Business actions such as capital purchases and investments have a long-term impact on the company’s financial well being. A top corporate accountant can outline the tax implications of how to structure these acquisitions to maximize your tax deductions.
Gary R. Landa, CA Professional Corporation offers decades of experience in corporate finance and tax law. Contact us today for a full future-focused consultation on your financial situation and needs.