Tax Services in Burnaby

Don’t navigate personal and corporate tax season alone. Take advantage of the tax services offered by Accountants-BC Ltd.’s trusted team of accountants and say goodbye to the stress and hassle of making sure all your finances are in order. We’re Burnaby’s trusted source for a wide range of tax solutions, including tax prep, planning, and audit assistance.

With our help, it’s easy to file accurately, claim all the tax credits you’re entitled to, and avoid penalties. Call (604) 683-2341 to make an appointment and learn more about all the ways our accountants clarify and resolve problems to make tax time a breeze.

Learn More About Our Tax Services

What Are the Benefits of Working With a Tax Accountant?

Are you an individual or business looking to optimize your tax situation and remain in compliance with evolving taxation laws? If so, you can capture many benefits from partnering with one of our seasoned tax accountants. We stay current with ever-changing tax laws, regulations, and codes, ensuring you’re always compliant and can take advantage of new tax benefits.

Our tax experts have specialized knowledge in various areas of taxation, including individual, corporate, and small business taxes. This allows us to provide advice that’s tailored to your unique circumstances.

We’re skilled at identifying all eligible deductions and credits, ensuring you get the maximum refund or reduce your tax liability as much as possible. You can also look to us for strategic tax planning advice to help you make decisions that minimize your tax burden in the future.

Accountants-BC Ltd. Tax Service Options

Set a course to achieving your financial goals with our customizable tax service options.

Here’s how we can help:

  • Personal tax preparation
  • Tax planning
  • Business tax preparation
  • Payroll tax preparation
  • Non-filed tax returns
  • CRA audit assistance
  • Unpaid back taxes
  • Bookkeeping

How Can Bookkeeping Services Support Your Tax Strategy?

Bookkeeping plays a critical role in building an effective tax strategy. Maintaining accurate, up-to-date financial records ensures your tax filings are based on clear, verified information. Consistent recordkeeping helps identify deductible expenses, support audit preparation, and streamline year-end planning.

For business owners, proper bookkeeping makes it easier to track taxable income, manage payroll obligations, and meet CRA requirements. Our team uses organized records to provide strategic tax guidance based on your financial position, helping reduce liabilities and ensure compliance throughout the year.

What Should You Do if You’re Facing a CRA Audit?

If you’ve received notice of a CRA audit, we recommend reviewing the letter carefully to understand what’s being requested and the timeframe involved. From there, we can help you gather the necessary records, such as income statements, receipts, and prior tax filings, to ensure everything is in order before submission.

As your representatives, we will communicate directly with the CRA on your behalf, clarify any points of concern, and make sure your documentation aligns with current tax regulations. Our goal is to protect your position, minimize disruption, and guide you through the audit process with confidence and clarity.

Which Documents Does the CRA Request During an Audit?

During a CRA audit, the documents requested will depend on your tax situation, but we help you prepare for all standard requirements. Auditors typically ask for records that verify income, expenses, and any deductions or credits claimed on your return. Having organized, accessible documentation makes the process smoother and reduces the risk of delays.

Commonly requested documents include:

  • T4 and T5 slips
  • Bank and deposit statements
  • Business income and expense summaries
  • Receipts for deductible expenses
  • Invoices and signed contracts
  • Mileage logs for vehicle use
  • Payroll summaries and records
  • Prior years’ tax filings
  • Bookkeeping reports or ledgers

We ensure your records are complete, accurate, and ready for review.

What Is the Deadline for Filing Personal Taxes?

The deadline for filing your personal income tax return is generally April 30th each calendar year. When April 30th falls on a weekend, the deadline is extended to the next business day. If you’re self-employed, the deadline to file your return is June 15th of the year following the current tax year.

What Happens if You Miss the Tax Deadline in Canada?

If you miss the tax deadline in Canada, you may face penalties, interest charges, or delays in receiving a refund. The late-filing penalty is typically 5% of your balance owing, plus 1% for each full month your return is late, up to 12 months. Interest also accrues daily on any unpaid taxes starting the day after the deadline. Even if you cannot pay your balance right away, filing on time helps reduce penalties. If you don’t owe anything, there won’t be a penalty, but filing late can significantly delay your refund.

We can help you file past-due returns, communicate with the CRA, and explore payment options, if needed, so you can get back on track without added stress.

How Does Tax Planning Fortify Your Financial Interests?

Tax planning is a strategic approach to minimizing your tax burden and maximizing your financial well-being. By understanding deductions, credits, and other tax-saving strategies, you can legally reduce the amount of tax you owe. This translates to more money kept in your pocket.

Tax planning helps you avoid owing large sums of money at tax time. Adjusting your withholding or estimated tax payments throughout the year can ensure a smoother cash flow and help you avoid underpayment penalties.

Knowing you’ve taken steps to minimize your tax liability will significantly reduce the stress and anxiety associated with tax season. Proper planning also reduces the risk of errors or missed deductions that might trigger an audit by tax authorities.

How Does Tax Planning Minimize Taxable Income?

Minimizing taxable income starts with understanding which deductions, credits, and income adjustments apply to your situation. Through detailed planning, we help you take advantage of allowable strategies that reduce the amount of income subject to tax.

These strategies may include maximizing RRSP contributions, properly categorizing business expenses, or deferring certain types of income to future tax years. By applying the right methods at the right time, we ensure your filings reflect every legal opportunity to lower what you owe.

Hire an Experienced Tax Preparer

Accountants-BC Ltd.’s certified tax preparers guide your way to a hassle-free tax season that sees you make the most of your return. Whether you’re an individual or a business operating in Burnaby, we offer solutions to safeguard you from penalties and protect and elevate your financial interests.

Call (604) 683-2341 to learn how to leverage our tax service to maximize your budget.

Looking for tax services in Burnaby? Contact us at (604) 683-2341.