Professional CPA Accounting Firm in Thunder Bay

Thunder Bay's Team of Accountants, Tax Professionals, and Bookkeepers

Accounting and tax services are key to the success of your business. As a leading accounting firm serving businesses of all sizes throughout Thunder Bay and Canada, we offer a comprehensive range of accounting services. Just to name a few of our services, we offer tax planning and accounting.Thanks to our commitment to providing exceptional accountancy services, we are uniquely positioned to provide you with expert financial guidance.Assisting you with the start-up or expansion of a business is our expertise. Our goal is to provide you with proactive suggestions and advice as well as practical advice and assistance in every circumstance.You can hire us if you are an individual, small business, or corporation.

• Accounting
• Corporate tax returns
• Tax consultations
• Personal tax returns
• Financial statements
• Payroll
• Tax audits
• HST Filing
• Bookkeeping
• Incorporation
• Cross-border taxes
• Non-resident taxes, and more.

We are happy to answer any questions you may have.

Benefits of a GTA Accountant in Thunder Bay?

Depending on the size and exposure of your business, you will need to consider the complexity of taxes, investment proposals, and what percentage of retained earnings you need to retain.Our Thunder Bay accounting firm offers a number of tangible benefits.

1. Reduce business costs

A professional accountant in Thunder Bay can help you save a substantial amount of money on business expenses. The first thing you will learn is how your company's finances are doing.Reviewing your cash flow reports in detail can help you identify opportunities for safe business growth.Your costs for rent, insurance, interest rates, salaries, etc., will be clearly laid out for you. By focusing on your company's challenges, you can improve your business's liquidity and solvency, as well as your peace of mind. Finally, our Thunder Bay accounting firm can file your taxes in a way that is organized and correct.

2. Invest time in your core business

Make sure your accounting books are in order. Take your business to the next level. Now more than ever before, your business strategy must be your top priority. Accounting professionals can help you analyze your business's financial indicators easily. As a result, you can develop a cohesive business strategy.By having more time on your hands, you can expand your business, create a marketing strategy, and ultimately become the CEO.

3. Avoid losses

Statutory and compliance requirements must be met by your business. You may need to incorporate, maintain records, and file taxes. It may be difficult to keep up with ever-changing tax requirements for business owners whose primary focus is on their clients rather than tax legislation updates.Your reputation, time, and money are all at stake when you report incorrectly. Furthermore, penalties for late tax returns don't make sense when you've spent hours reconciling financial data.

Services We Provide in Thunder Bay

Our services include:

Tax Services

There are several reasons why you should file your taxes promptly. Depending on how late you file your Canadian taxes, you may have to pay more taxes. There is a balance due to the Canada Revenue Agency (CRA) because the taxpayer (including a sole proprietorship or partnership) failed to file their income tax on time. Accordingly, we will assess a late filing penalty as follows:Your bill will be increased by 5% If your return is more than one month late, you will be assessed a penalty of 1% per month until 12 months have passed.An assessment of a late-filing penalty can be made in a previous tax year, in which case the following formula will be used: Plus a penalty of 10% up to a maximum of 20 months late, you will be charged a 2% late fee.

Filing taxes early makes the process much easier. As an added benefit, you will receive your refund sooner than your competitors.Your taxes will be prepared in a matter of hours with the help of a tax professional. No matter if you need a personal tax accountant in Thunder Bay or an accountant for your business, he will save both time and money. Contact your Thunder Bay tax preparer as soon as possible after the end of the year if you are eligible for any savings or deductions.Your personal taxes shouldn't be difficult to file. Hiring a professional accountant like GTA Accounting in Thunder Bay will save you time and money on your taxes.

Bookkeeping Services in Thunder Bay

Several factors must be considered before starting a business in Thunder Bay. When your business is situated in such a busy area, you're more likely to be surrounded by customers and competitors. Maintaining your competitive edge in such an environment may be difficult. Prior to expanding your business and achieving all the professional goals you have set for yourself, you need to organize your finances.Your marketing strategy will be able to achieve your business's growth objectives if you keep track of profits and losses.Our Thunder Bay bookkeeping services can help you achieve this goal. When you have a good bookkeeper in Thunder Bay, you will be able to identify your losses and gains.You need to understand and analyze your business's numbers if you want to succeed. The bookkeeping services we provide in Thunder Bay can help you run your business more effectively. When working with experienced bookkeepers and accountants, we can ensure every detail is handled correctly and no mistakes are made.

Accounting Firm in Thunder Bay

Tax returns are prepared by accountants for individuals, businesses, and corporations. The Canada Revenue Agency (CRA) requires taxpayers to file their taxes every year. This is an obligation that can't be avoided. A fine will be imposed if you fail to file.As well as tax preparation and accounting, GTA Accounting offers bookkeeping services. When you work with a firm like this, you don't have to worry about heavy lifting since they handle everything for you. They also ensure that all of your advisors are knowledgeable and experienced.Accounting services are available from our firm in Thunder Bay. We offer the following services:

• Personal Tax Accounting
• Bookkeeping
• HST Filing
• Auditing
• Financial Planning
• Small Business Accounting
• Payroll

Business owners often consider themselves capable of handling all of their own responsibilities. Although we have spent a lot of time on this, we have mixed up the totals at the end of the day. Owning a small business may seem difficult as you have to manage both the paperwork and the actual work. Fortunately, we can handle both of these tasks for you.Contact our experts today to learn more about our services.