Services
What We do
Accounting Services
Business Accounting
Whether you need to apply for an accounting service for the first time or upgrade your current service, Monarch Accounting is your solution. We are here to help. We are experts in accounting solutions for individuals, professionals, entrepreneurs, small businesses and corporations. Your success and satisfaction is our big goal.
Maintaining your accounting records is one of the most crucial tasks of running a small business. Accurate and timely accounting helps you keep track of your income and expenses and provides a clear picture of your financial standing. Monarch Accounting offers complete business accounting services for small businesses and enterprises to ensure informed financial and investment decision-making. Our dedicated accounting professionals will organize and meet your accounting and compliance needs so that you can leverage every growth opportunity and scale up your business operation.
Our Small Business Accounting Services Includes:
- Accounts Receivable
- Accounts Payable
- Payroll
- Tax remittance calculations (GST/HST, EHT, WSIB, payroll deductions)
- Budget preparation
- Financial statements
- Cash flow preparation
Tax Services
Individual Tax Services
We prepare and file individual taxes as per your needs. Our expert team of professionals will ensure your taxes are filed correctly and bring the best returns.
Corporate Tax Filing Services
We help small businesses file their corporate income tax return to the government at a reasonable rate. As experts in the field, we help them reduce their tax liabilities through proper tax planning. According to the Canada Revenue Agency, all resident corporations (except crown corporations and resident charities) have to file a corporate income tax (T2) return every tax year, even if there is no tax payable.
It includes but is not limited to:
- Non-profit organizations
- Tax-exempt corporations; and
- Inactive corporations
Corporate tax filing Brampton, corporate income tax return in Brampton
As an experienced corporate tax return service provider in Canada, we ensure that you file your return no later than six months after the end of each tax year. The tax year of a corporation is its fiscal period. When the corporation’s tax year ends on the last day of the month, returns should be filed by the last day of the sixth month after the end of the tax year. When the last day of the tax year is not the last day of the month, file the return by the same day of the sixth month after the end of the tax year. However, if you owe any amount as corporate income tax, you must make payments no later than three months (90 days) after the end of the tax year.
As one of the leading accounting firms in Brampton, we offer a wide range of corporate tax services to meet the needs of your business. Our services extend beyond filing a corporate tax return with the Canada Revenue Agency annually. Our experienced tax professionals guide you and your business through the various corners of the Canadian tax system. Additionally, we customize our approach based on your business size and individual needs to make the process easy for our clients.
GST HST Returns
File your HST Returns on Time
Get Help Filing HST Returns
When a business collects HST from its customers, it remits the tax to the federal government by filing a document known as the HST return to the CRA. Usually, you have to register for HST when you start collecting this form of tax from your customers. When you register, the CRA assigns a reporting period that will apply to your business. This reporting period will be determined by the business’s annual taxable supplies. For most businesses, reporting is done quarterly. However, if your business makes more than 6 million dollars in annual taxable supplies, you must report every month. However, you can file quarterly, semi-annually or monthly, whichever works for you as a small business.
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Whether you are starting your business or have an already established company, we have a custom solution to match your needs.
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