Without proper tax planning and tax deferral, progressive tax rates can have you paying higher rate tax on a lot of your small business income taken out personally. Similarly, the government provides a number of tax credits to companies and individuals, but you may end up not taking advantage of them due to a lack of awareness.
If you are a resident of Calgary or surrounding areas and are looking for Tax planning in Calgary or, Business tax accountant in Calgary AB, then do not worry; Sameer Somani Professional Corporation is at your service.
What is Tax Planning
Tax percentages are way too high in most countries and the most burdened population segment is the middle class. If you are suffering from the same issue in Canada, then you should consult a business tax accountant in Calgary who can guide you through legal ways to avoid high taxes and save money.
Advantages of Tax Planning Calgary
- Avoiding Legal Issues: Businesses often get wound up in illegal ways of tax evasion and eventually come under the scrutiny of the public bodies. Professionals dealing with Tax preparation in Calgary should be consulted to verify the pathways of tax minimization.
- Reducing Liabilities: All of us want to reduce taxes. Governments provide incentives and schemes to help but most people lack awareness. Additionally, there are several legal loopholes available. Hiring the Best tax accountant in Calgary could make it easier to navigate through these loopholes safely.
- Stability: The inflow of black money into the economy can be detrimental to both the citizens and the country. It can lead to the generation of illegal high-interest loans by tax evaders that would hinder the repo rate of the country. Canadian citizens should consult professionals dealing with Tax preparation in Calgary to understand the rules better.
Tax Saving Instruments: Governments offer many schemes so that people keep their money in the market and not store it as cash in their houses. For this, they offer incentives on replacements for everything ranging from real estate to automobiles. Canadian residents should always consult with a Tax accountant in Calgary before taking major sell or buy decisions
Our Services
We have the Best tax accountants in Calgary to offer an array of services to our clients including Tax Preparation and financial statement preparation in Calgary. We also provide Tax preparation services in Calgary and our Calgary tax accountants specialize in filing tax returns for both individuals and businesses. Our tax preparation services in Calgary also include incorporation services, payroll setup and monthly remittance, GST return filing, andTax accounting services in Calgary.
If you are looking for a tax planning in Calgary firm or the Best tax accountant Calgary AB with many years of experience in the field, then you should definitely give Sameer Somani Professional Corporation a serious thought.
