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Corporate Tax Return Accountant Calgary

Home » Corporate Tax Return Accountant Calgary

Welcome to Sameer Somani professional corporation! For several years, our tax return in Calgary & corporate tax accountant in Calgary have helped individuals and businesses achieve their financial accounting goals.

Corporate tax return Calgary can be tough. Hundreds of businesses and individuals have benefited from our professional and conscientious accounting, tax, and business consulting services. Our Calgary corporate tax accountant strives to do the best and keep up to date with all the tax changes from year to year to properly take advantage of any tax deferral strategies offered, as well as any new tax credits and deductions offered by federal and provincial government bodies.

With changes to the government at both the federal and provincial levels, this is more important than ever, to not only be prepared for the present but also plan for the future. Calgary tax return services are provided at very reasonable rates, and services are available around the clock during office hours as well as via email outside of office hours.

At Sameer Somani Professional Corporation, Our Corporate tax accountant in Calgary is committed to keeping you up-to-date on new developments in the world of accounting and personal finance, while providing you with all of the professional financial and accounting services you need to stay ahead of the curve.

Individual Services

Sameer Somani Professional Corporation offers a wide range of personal financial services that are designed to help you take control of your financial future. From personal tax return Calgary service for employed individuals to self-employed individuals earning commission or running a sole proprietor business, we offer the best guidance.

We are highly skilled in Calgary tax return services and our team has several years of experience helping people just like you to achieve and maintain up-to-date tax filings done accurately and on time to avoid penalties.

What does a tax return accountant do? 

  • Tax professionals are responsible for maintaining a company’s tax database.
  • Spot and track errors in previous filings
  • A Calgary corporate tax accountant is required to make sure that all filings are in provision with state and central laws.
  • The tax account is expected to submit tax reports before the deadline

A Corporate accountant in Calgary needs to stay up to date within professional circles to take notice and advantage of newer techniques in the industry.

Corporate Services

From financial forecasts and planning to corporate tax services, Sameer Somani Professional Corporation offers all of the financial and accounting, and corporate tax preparation in Calgary services your small or medium-sized business needs to ensure you not only stay in business but save time and money to grow your business further.

Corporate tax return Calgary, services include initial advice and incorporation done for you, including what may be a beneficial share structure for you, monthly, quarterly or annual bookkeeping and GST returns filed, monthly and semi-monthly payroll services, year-end tax as well as interim financial statement preparation if needed for business loans, year-end corporate tax return preparation, and tax planning.

We are one of the top Corporate tax accountants in Calgary and have corporations in a large variety of industries including construction, real estate agents, home builders, franchise operators, IT and engineering consultants, doctors and other professionals, trucking companies, and many others. Up-to-date and professional accounting, knowledge is needed for any business, however, we also look at any industry-specific tax rules and credits.

Questions To Ask

  • Do they have professional qualifications?

If you are looking for a Corporate tax accountant in Calgary, you need to make sure that the firm you are hiring has personnel with professional qualifications and merit to be able to handle your taxes.

  • Have they received adequate training?

It is imperative to understand that qualification and training are two different things in the process of choosing someone for corporate tax preparation in CalgaryExtensive experience in the industry is necessary to be able to handle complex reports.

  • What services do they provide?

A corporate accountant in Calgary needs to provide services for all complexity levels and should be able to tackle minor to major queries.

  • What is the pricing structure?

Larger firms tend to charge extra than small or medium firms by showcasing their brand name and flaunting their experience but a small or medium firm can offer superior services at a much lower price. Therefore when hiring Calgary tax return services, make sure to do adequate research.

There are many references from satisfied clients available, who are very happy with the warm, knowledgeable on-time services offered.

FAQ’s

Do they have a professional Designation?

If you are looking for a Corporate tax accountant in Calgary, you need to make sure that the firm you hire has a Chartered professional accountant, so you know they have gone through the required education and professional development necessary to produce complete financial statements and accurate corporate tax returns.

Have they received adequate training?

A chartered professional accountant had gone through years of professional training through courses and exams necessary to receive a professional designation.

What services do they provide?

A Corporate accountant in Calgary needs to provide services for all business complexity levels and should be able to tackle CRA queries and audits based on confidence and knowledge on all work completed. Services range from bookkeeping, T2 completion, financial statement preparation, payroll, gst return filing, T4 and T5 filings, T5008 subcontractor filings, and more.

What is the pricing structure?

Smaller firms tend to be more affordable as they are the accountants who also own the business, where as larger firms tned to have accountants and partners/owners who both need to be compensated.  Therefore when hiring Calgary accountants for tax return servicec, make sure to do adequate research with smaller and larger firms on pricing.

What are some of the challenges while filling out a tax return?

You can run into many challenges when filing for yourself, such as missing deductions allowed, filing out forms incorrectly, and mathematical errors. Therefore it is advisable to hire a Calgary tax return preparation professional.

What documents does my accountant need to do my Corporate taxes in Canada?

A Calgary corporate tax accountant can ask you for different documents depending upon the individuals corporation, but the most common include incorporation documents, bank statements, credit card statements, and asset purchase or sale contracts.

Who is a CPA and how we are different from a tax preparer?

A CPA ( Chartered professional accountant ) has extensive knowledge about accounting and tax laws from extensive studying and continuing professional development.

What are the income tax rates in Canada?

The tax rates in Canada are complex and vary according to province, however  federal personal rates  for 2022 are below, with an additionalt 10% added for Alberta tax in the lower brackets, and a bit more in the higher brackets. 

  • 15% on the first $50,197 of taxable income, plus
  • 20.5% on the next $50,195 of taxable income, plus
  • 26% on the next $55,233 of taxable income,plus
  • 29% on the next $66,083 of taxable income, plus
  • 33% of the next taxable income over $221,708.

What We Offer