Plan and Prepare for Tax Season
Your Personal Tax Accountant in Newmarket
Tax preparation can sometimes be overwhelming, especially if you’re not numbers-oriented. That's why Roberts & Company Professional Corporation, with over 28 years of dedicated service and expertise, is here to assist you. As Newmarket's trusted and preferred personal tax accountants, we extend our exceptional services to Newmarket, York Region, and the Greater Toronto Area. With us, you can navigate the complexities of tax season with confidence and ease.
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Contact us today to hire our services as a personal tax accountant in Newmarket.
Services Provided by Our Personal Tax Accountant Team
Our team provides the following taxation services for all your needs in the Greater Toronto Area and York Region:
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Personal tax preparation (Canada & US) - In Canada, personal tax preparation involves gathering all relevant financial information, such as income, deductions, credits, and investments, to accurately complete and file an individual's T1 General Income Tax Return. We ensure compliance with Canadian tax laws, including reporting employment income, self-employment income, rental income, capital gains, and other sources of income. In the U.S., personal tax preparation involves completing and filing Form 1040 (or other applicable forms) with the IRS. It includes reporting various types of income, deductions, and credits. Our personal tax accountant will assist in reporting income from employment, self-employment, investments, rental properties, and other sources.
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Income tax planning - Income tax planning strategically optimizes financial decisions, minimizing tax liability while maximizing resources for future endeavours and economic security. It involves evaluating various avenues and structuring assets to ensure compliance with tax regulations and capitalize on available deductions and credits.
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Business owners/shareholders - Effective income tax planning is vital for business owners and shareholders to maximize profits and minimize tax liabilities. Choosing the right business structure, whether a sole proprietorship, partnership, or corporation, can substantially impact tax obligations. Striking the right balance between salary and dividends, utilizing retirement plans, and making strategic capital expenditures are all essential strategies. We help you stay informed about available tax credits, provide attractive employee benefits, and consider tax-efficient investments to optimize tax outcomes.
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Sole proprietors - Sole proprietors face unique challenges in tax planning, requiring careful attention to detail. We help keep meticulous records of expenses and track income. Our team assists you in taking advantage of deductions like the home office deduction and exploring opportunities to offset self-employment taxes. Making regular estimated tax payments helps avoid penalties, and deducting health insurance premiums can provide additional tax relief. Implementing these measures, we help sole proprietors effectively navigate tax responsibilities while maximizing profits.
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Trust and estate tax preparation - Trust and estate tax preparation ensures smooth transitions of assets, instilling confidence in executors' ability to navigate complexities and precisely fulfill their fiduciary duties.
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Executors: Expert guidance eases the burden, ensuring compliance and maximizing returns, empowering executors to honour their loved one's legacy with confidence and integrity.
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Wills: Thorough estate tax planning safeguards the departed's wishes, ensuring assets are distributed efficiently and following their meticulously crafted will.
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T3 income tax returns: With meticulous attention to detail, T3 income tax return preparation optimizes deductions and credits, ensuring the estate's financial health is preserved and beneficiaries receive their rightful share.
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Clearance certificates: Navigating the intricate process of obtaining clearance certificates is streamlined, providing executors with the assurance to distribute assets following the law and safeguarding against future liabilities.
Why Pay to Get My Taxes Prepared?
Reasons to get your taxes professionally prepared by a firm such as ours include:
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We can help you better budget your money
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We can help you obtain your maximum refund and deductions
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We provide peace of mind if you’re not confident doing it yourself
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We remain up-to-date on changing tax laws and legislation
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We can provide professional guidance and advice throughout the year
Get Useful Tax Tips From Roberts & Company Professional Corporation
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Need some tax tips to help you make sense of the numbers? View our resources section for helpful information, including a tax preparation checklist, or contact us with any specific tax questions or concerns. Our courteous team will be more than happy to assist!
Why Should I Start a Trust and/or Plan for My Estate?
Set up a trust and/or plan your estate to protect the beneficiaries and transfer of your property.
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Protect your assets until your beneficiaries reach a certain age
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Plan your estate to ensure your spouse and children receive inheritances
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Peace of mind reassurance that your disabled or special needs child has funds available to ensure proper care is provided once you have passed
Explore the benefits of choosing a trust as part of your estate planning. Contact us today to determine the right trust for you and your family.
Working Remotely? Have a Look
If you are working remotely, then working with a professional might have several benefits that you can enjoy, including:
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Tax compliance: Working remotely has various challenges, such as tax jurisdictions. But we are here to find solutions and help you easily adhere to tax regulations.
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Optimizing deductions: You can receive several deductions while working remotely. These include waivers of the expenses of home offices. These times, we walk in to help you make the most of these opportunities.
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Accurate filing: Filing taxes on time has many benefits, including avoiding penalties and interest. To assist you in this task, we are here to pay attention to every detail and ensure that your tax returns are prepared and submitted promptly.
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Customized tax planning: To increase your savings to the fullest, we develop personalized strategies so that you follow a tailored plan.
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For tailored tax planning solutions in Newmarket, consider Roberts & Company Professional Corporation because we ease your tax responsibilities and maximize your savings while you work remotely.
FAQs
Here are a few frequently asked questions about our services:
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How Can a Personal Tax Accountant Help Me?A personal tax accountant can advise you on various complex tax situations based on your needs. It includes educating you about investment income, rental properties, or self-employment.
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What Should I Bring to My Consultation With a Personal Tax Accountant?You can bring T4 slips, investment statements, expense receipts, and other relevant financial records. This will give us enough information to provide accurate advice and make your tax filing comprehensive.
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How Do You Support Clients Beyond Tax Season?We offer continuous guidance all year long. Whether you need help with CRA audits or planning essential life events, we have your back.
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How Can You Help with Corporate Tax Planning?Our team specializes in corporate tax planning, helping businesses minimize tax liabilities, stay compliant, and make strategic financial decisions to grow.
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Do You Offer Payroll Services?Yes, we provide reliable payroll services in Newmarket. We ensure your employees are paid accurately and on time while complying with payroll regulations.
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Can You Help with Personal Tax Preparation?Absolutely! Our team offers personalized tax preparation in Newmarket, ensuring you maximize your deductions and minimize your tax burden.
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Where Can I Find More Information about Your Services?For additional details and updates on financial best practices, visit our blog page. We regularly post insights and tips on everything from tax planning to new business consulting.
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Which Areas Do You Serve?We proudly serve the York Region, including Aurora, Newmarket, Richmond Hill, Markham, Vaughan, Bradford, King City, East Gwillimbury, and Woodbridge. Additionally, we extend our services to the Greater Toronto Area (GTA), especially for those working there during the day. Our office is located at 44 Wellington St E, Aurora.
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What Are The Services That You Offer?We offer many payroll services in Newmarket, including payroll processing and tax remittance. Along with these services, we offer corporate tax planning, bookkeeping services, financial statement preparations, new business startup consulting and personal tax planning services.
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Does It Benefit My Business?We ensure that tax regulations are met, on-time payments are made, and correct financial records are maintained. This allows you to ease the burden of these responsibilities and focus on other aspects of your business.
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Do You Handle Payroll Tax Remittances?Roberts & Company Professional Corporation offers and manages all the payroll tax remittances to the CRA.
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Do You Assist With Setting Up New Employees?We collect and record new employees' information, ensuring seamless integration into our payroll system.
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What Is Corporate Tax Planning?Corporate tax planning involves a proactive approach to managing your company's financial affairs to minimize tax liability while adhering to all Canadian tax laws and regulations.
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What Are the Benefits of Corporate Tax Planning?Our corporate tax accountant in Newmarket and surrounding areas can help you with the following: Increase your after-tax profits, allowing you to reinvest in your business or distribute more to shareholders. Improve your cash flow by optimizing tax payments throughout the year. Help you comply with complex tax regulations, avoiding costly penalties and interest.
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What Are Some Common Corporate Tax Planning Strategies?Maximizing deductions: Identifying and claiming all eligible business expenses as deductions can significantly reduce your taxable income. Utilizing tax credits: The Canadian government offers tax credits for specific activities, such as research and development, scientific research, and clean energy. Deferring income: Strategies like delaying invoicing or accelerating certain expenses can help postpone taxes on income until a later year. Structuring your business: Choosing the right business structure, such as a corporation or sole proprietorship, can impact your tax obligations. Call us today to get in touch with our experienced corporate tax accountants in Newmarket and surrounding areas.
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Why Is Professional Tax Preparation Important?Professional tax preparation ensures accuracy, compliance with tax laws, and maximization of deductions. Our experienced tax accountants in Newmarket guide you through the process, minimizing errors and stress.
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What Documents Are Required For Tax Preparation?Common documents include W-2s, 1099s, proof of deductions, and financial statements. Our team provides a comprehensive checklist to ensure nothing is overlooked.
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How Often Should Businesses Update Their Financial Records?Regular updates are crucial for accurate financial reporting. Our bookkeeping services in Newmarket maintain precise and up-to-date records, offering a reliable foundation for informed decision-making.
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How Can I Prepare for Tax Season?Preparation for tax season involves organizing your financial documents, such as income statements, receipts, and investment records. Our tax accountants in Newmarket can provide guidance on creating a comprehensive tax-ready portfolio.
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Are There Any Changes in Tax Laws That I Should Be Aware Of?Tax laws undergo regular updates, and staying informed about these changes is crucial for maximizing benefits and minimizing liabilities. Our team at Roberts & Company Professional Corporation stays abreast of the latest tax regulations, ensuring your tax strategy remains in compliance.
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What Tax Credits or Deductions Are Available for Small Businesses?Small businesses may qualify for various tax credits and deductions, such as the Small Business Deduction, Home Office Deduction, or credits for hiring apprentices. Our tax experts can identify applicable opportunities to optimize your tax position.
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Do You Provide Guidance on Tax Planning for Future Investments?Yes, our tax accountants offer strategic tax planning services to help you make informed decisions about future investments. Whether it's real estate, stocks, or business expansions, we can guide you on tax-efficient strategies to maximize returns. At Roberts & Company Professional Corporation, our differentiators include personalized service, in-depth expertise, and a commitment to client success. We go beyond traditional tax preparation, offering holistic financial solutions tailored to your unique needs and goals.
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Why Do I Need a Professional for Corporate Tax Preparation?Canadian corporate tax laws can be complex; even minor errors can lead to penalties and audits. Our experienced group stays up-to-date on the latest regulations to ensure your corporation maximizes deductions and minimizes tax liabilities.
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How Much Does Corporate Tax Preparation Cost?Costs can differ depending on the complexity of your corporation's finances. We offer affordable rates and will provide a clear fee quote upfront before we begin work.
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How Long Does the Corporate Tax Preparation Process Take?The timeframe depends on the completeness of your records and the complexity of your tax situation. We encourage you to contact us before the filing deadline to ensure a smooth process. In addition to our corporate tax preparation services, we also provide assistance with personal and corporate tax planning, bookkeeping services, and more.
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Which Tasks Under Bookkeeping Do You Offer?We offer a range of bookkeeping services, including customizing. With us, feel free to choose which services you want to opt for, from processing government remittances and payroll, monthly data processing and reconciliation, and processing accounts payable/receivable according to your needs.
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Do I Need to Prepare Financial Statements for My Business More Often?It must be prepared at least once a year. However, organizing it quarterly or monthly can also be beneficial because it allows you to monitor financial performance more closely.
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What Should I Look Forward to Considering I Am Interested in Your New Business Startup Consulting Services?Our services under new business startup consulting include incorporating a business, generating business plans and forecasts, management consulting, accounting systems design and on-site training, ensuring a solid start for your new venture.
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What is Included In Your Payroll Services, and How Can They Benefit My Business?Our payroll services include employee data management, payroll processing, tax withholdings and filings, direct deposits and payslips, customized reporting, etc.
