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With a specialist working to finish your taxes, you can rest guaranteed that you will get the best help and advice accessible. We offer experts with experience in the business that can make proposals that will regularly spare your money. The professional tax consultant will likewise handle your inquiries and give educational answers.

Complex details

A few individuals have different complicated returns for business or the investment projects. In these circumstances, there is no substitution for an expert personal tax accountant. Our experienced professional will look at all information, arrange it accurately, and set up the structures. The experience and aptitude level of 514 Accounting Inc, makes the procedure less demanding because of solid recognition with the system.

More Findings and Credits

A tax consultant can offer you some assistance with finding every reasoning and credits you can use. While software can discover a lot of these cash saving alternatives, an expert accountant tax can discover more. Indeed, even the charges you pay for this administration are deductible on a 1040 return, making this a reasonable alternative for some individuals.

Programming Applications

An accountant tax puts resources into the business by obtaining the most technically advanced software for helping customers. This product will be more advanced than the product that individuals buy for home use. With the pro-grade software, it will be necessary for a specialist to output records, sort out information, and complete structures. This expanded speed and automation of data means less errors on the completed return.

Sparing Time

While you could absolutely set up your own taxes, you may invest noteworthy time and energy in the process. The time and effort you consume will be much more than an expert would spend because of your absence of experience. While you may invest hours in an examination to figure out how to record your arrival, a personal tax accountant comes with this learning and comprehension.

Review Circumstances

Your probability of being audited rises if you procure more than $200,000 every year. Individuals procuring lesser than $200,000 have a.9 percent shot of being examined. Individuals who earn more than $200,000 have a 3.7 percent chance of audit. Whether your salary fits this limit or not, utilizing an assessment expert from 514 Accounting Inc for documenting would offer you assistance with managing an audit if it happens. Save both cash and time while you streamline your life by employing an expense advisor.

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Gross sales are defined as the sales / revenues including taxes (GST, HST, and QST). When we remove the sales tax from the sales / revenues that is called net sales.
Long Term debt is any loans, liabilities or financial obligations lasting over one year. These amounts will not become due within one year of the balance sheet date. They will be capitalized on the balance sheet.
The governement provides a six month grace period to submit your incorporation taxes and registered company taxes, so for example if your year end is December 31st, you have till June 30th to submit your taxes.
Personal taxes are due by April 30th.

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10 Jul 2015

How to Avoid An Audit

No business likes an audit. Not only is it a highly-stressful experience, even if you know you have not committed any sort of fraud, but the whole process will take time away from the running of your business. Of course, some audits can’t be avoided.

About Us

Since 2004, 514 Accounting has provided start-ups, small and medium sized businesses all over Montreal, Quebec and Ontario with affordable, reliable, and professional accounting and consulting services.

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  •   +514.712.3851
  •   +514.637.2019
  •   14B Rue Quinn DDO, Montreal, Quebec, H9B 1K6


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