Many people including huge businesses and corporations truly dread taxes when it comes to their money. These compulsory expenditures make the financial systems of all businesses quite complicated. At H&T Accounting Services, understanding tax laws are the fundamental basis of our expertise. Because we understand how these laws work, we know how to help you save big bucks. We hold strong knowledge in all areas of taxation and we work hard with our customers to save every dollar we can. 

Tax Planning 

One of the most essential areas of understanding taxes in any sort of financial situation is tax planning. This involves productive research into literature so that taxation errors are minimized and the savings is maximized. Special attention is given to large saving plans so we know we are getting you the best service possible. With continuous efforts to analyze plans that our customers can qualify for, we work above and beyond all your expectations. 

Tax Preparation 

We love to prepare and prepare well so that we have your back when you need us the most. We prepare year-round so that our customer, the taxpayer, is at low risk of getting into any auditing circumstances.  Year long, H&T Accounting Services provide exceptional bookkeeping as well that helps us stay on top of our game. With complete bookkeeping, tax preparation is simplified. We work hard to minimize errors so auditing becomes easier for everyone. We take the tax preparation phase seriously, so you are at ease. 

Tax Appeals and Audits 

Defending our customers during an audit or an appeal is also a critical phase of our work. We know our path right up to the Tax Court of Canada, if need be, so that you get the most out of any case. Appeals and audits can be stressful and confusing, but because we know how to take care of you and your finances, we are persistent in lowering any possible penalties and interest charges. 

Saving BIG Bucks!

Savings, savings and savings! Who does not want to hear that when it comes to the complexity everyone deals with over their hard-earned money? Many wonder what they are really able to save when it comes to their taxes. It is a fact that taxes can get quite complicated. This is why knowledge of the tax systems is crucial to the tax savings process. Our experts here at H&T Accounting Services have extensive knowledge of the many savings plans that our customers can qualify for. Everything from business income taxes to employment income taxes is on the table for us and we know how to help our customers!

At H&T Accounting Services, we plan, prepare, defend and yes, most of all, help you save! We have experts in all areas of accounting and bookkeeping services that work year-long to keep your finances in check. Do not wait any longer, let us help you get in control of your money! Call us TODAY….call us NOW!

Are you planning to start a new business this New Year and looking for a bookkeeper, who is equally responsible for his work, effort and reputation to manage all the official task of the business, then understand its tactics, before you hire one?

Bookkeeping is the systematic and consistent recording, organizing and maintaining of financial transactions in a company or a business. It doesn’t matter what kind of business you are having, Starting and maintaining solid, professional accounting practices for bookkeeping is honestly essential for the overall growth of the business.

In general, accounting should be performed daily on financial transactions and information related to a company. The reason why we are so concerned is whenever there is a situation when we want to verify the task like the sales, tax or something which is related to the benefit of the company, it ensures that records of the individual financial transactions are correct, up-to-date and comprehensive.

Make sure you are ordering in work with accuracy and consistency is therefore vital to the process. Basically, accounting means recording and keeping track of the financial numbers which is vitally involved in the financial aspect for both individuals and non-profit organizations.

It is obvious because detailed and thorough accounting is crucial for companies of all sizes as it controls the business which is a never-ending process coupled up with increasing to-do lists. Later on, if we didn’t aware of keeping a track, accounting quickly becomes more complex with several taxes, assets, loans and investments responsibilities. So, the bookkeeper is equally responsible for its reputation and comprehensive work.

Now, the main and truest purpose of a business is the tracking and maintaining company’s financial assets that allows bookkeeper to responsibly keep an up-to-date record of current incoming, outgoing and outdated amounts. This is what we talked about earlier.

The bookkeeper responsible for bookkeeping a business would record all transactions that are related to business, but not limited to:

• Basic Accounting Records
• Handling the Vendors and Customers Invoices
• Cheque books and Reconciling Bank Statement
• Payroll Records and Payroll Files
• Receivable Accounts
• Sales Tax Reports
• Relevant Ledger Entries and so on

Bookkeeping and accounting are often heard being used interchangeably and sometimes confuses a person which one to consider, however, accounting is the overall practice of managing and tracking finances of a business or individual, while bookkeeping usually refers to more specifically to the tasks and practices involved in recording the financial activities.

This however looks same but is somehow different depending upon the task and services which business are offering.

Now you know the difference between the two, so find which one suits for you. Well in our case, both are necessary and vital for handling the reputation of your business

At H&T Accounting Services, we can prepare for you any documents you need to present to various government departments on income tax, harmonized sales tax, occupational safety insurance and payroll. All the documents we prepare are highly confidential and tax-efficient. We also carry out all the necessary records and accounts to support the information used in the archived documents so that next time it can come in use. With our accounting services, we can help improve the administration and profits of your business. For more information on how we can help you regarding your business, consult our professionals.

No matter which business type or what scale of business, you head you need essential support of people throughout who would help in the evolution and development of your business. In order to make your business grow every day, you have to deal with numerous financial matters and vendors and to make all these tiny matters work accordingly, you unquestionably need an accountant for your business at every step. An accountant is someone who would handle way more than your accounts and taxes. An accountant is one of the pillars, who would determine the overall strength of your business.
The under mentioned points would certainly prove that you need an accountant for your business. You must go through following points in case you are confused whether you should hire an accountant or not:

• Dealing with the finances
  Financial management is an important aspect of consideration, in case you have a growing business, management of finances with time can become difficult and discrepancies in such matters should not be allowed. In order to keep track of all the associated investors, shareholders, debtors, creditors and other financially associated entities you must hire an accountant.
• Legal matters and formalities
  An accountant has a major role to play in legal matters. He is the one who is going to guide you about the company’s legal structure and would help you choose most appropriate one. He is the one who has gained professional training in the one and his expertise can help deal with legal matters in a better and safer fashion.
• The governmental matters
  While heading a business, giving thought to the rules and regulations of any company should be done in a proper fashion. The governmental matters include the tax payment, calculating the tax returns etc. All the related paperwork is done by an accountant in an orderly fashion, which allows healthy flow of work in your office. Apart from this the paperwork serves as a proof in the court of law for future.
• Timely Business auditing
  Everyone dreams of a growing and a flourishing business, but coordinating the different modules of business in the growing stage is something that demands attention. The time ley business auditing is an important function performed by an accountant as he helps to conclude which business areas are providing more profit, which specific areas demand attention what is the current investment budget of the firm and moreover what is the net profitability state. The timely business auditing helps to make a business healthy.
• Overall development
  Hiring an accountant would provide an all-round development to your firm. The financial matters of your firm will lie in the hands of expertise and you can make yourself free of the tedious task of dealing with all the financial transactions yourself. If you own a small scale business, an accountant would help you understand the true financial position of your business and can help you climb the steps of growth.

Hiring an accountant is not what you should think over, instead you should invest time to think over how you can hire the appropriate accountant for your business. An accountant would also help to lower the main stream business stress and lay focus on other important business matters that solely demands your attention and perspective.