Sole Proprietorships
Owning and managing your own business has some significant effects on how you perform and plan your personal taxes. What you can and can not claim on your income taxes can be tricky waters to navigate as there are a good number of popular myths out there that, if you fall for them, can cost you thousands of dollars in the long run. By allowing Bartley-Hathaway Business Solutions to perform your personal income tax along with your business bookkeeping we can assure you that we will guide you towards only those deductions that are authorized by CRA.
Not for Profit Organizations
Organizations of this kind are our specialty! We deal with numerous Not for Profits and Charitable organizations throughout the City of Cornwall and the surrounding Counties of Stormont, Dundas, & Glengarry. In addition to offering you our bookkeeping services, in most cases we can also prepare your annual financial statements and submit your T1044 Information Return. If you already have a volunteer or other party performing your bookkeeping services, we would be happy to simply act as your third-party resource and audit check for your T1044 Filing.
Small Business Corporations
The question we frequently get asked is: do I need an Accountant to do my taxes? Well our answer is, maybe (for more information, please see our Blog Post “Bookkeepers vs. Accountants”). For many of our clients, their corporate tax returns are extremely straight-forward with very little involved regarding tax planning, carry-forwards and complex adjustments. The benefit to having Bartley-Hathaway Business Solutions complete your T2 Return is that you are receiving expert, professional service and the same tax submission at a lower cost.
Now, there are clients we have where we advise them that the use of an Accountant is absolutely necessary due to the complexity of their industry, their financial reporting requirements, or their particular operating situation. In those cases, we have a select number of Accounting Firms that we work closely with and will recommend to you.
Regardless, we will always recommend that you to have your books reviewed by an Accountant periodically as a best business practice and to provide you with Financial Statements that can be used by external stakeholders such as lending institutions, grant programs and other investors.