If you are the owner of a small business or an entrepreneur you have come to the right place. You’re here because your either not happy with your current tax preparer, or it’s your first year of business and your considering hiring a qualified accountant to do your corporate or business tax preparation. Maybe you’re just considering other options.

Bottom line is that you want to get your business taxes in on time (no later than six months of your year end) and you want to pay the least amount of tax legally possible.

There are a number of options available and sometimes it may at first site be a little confusing to determine which option is best for you. I’ll do my best to simplify the options available.

Retail Tax Preparers.

You see them everywhere, especially at tax time. They have retail stores in shopping malls of every shape and size that just seem to pop up out of nowhere. Most of these retailers charge a flat fee of around $400 to $500 for corporate tax returns. Sometimes this may be your best alternative if you have a very straight forward business and have no special deductions.

The challenge that many businesses have with this type of tax preparation is “Buyers Remorse”. This term is most frequently used by sales people to describe how someone feels the day after they make a purchase. If they are second guessing whether they should have made their purchase it’s called “buyers remorse”.

Using this method of tax preparation and the fast speed to which forms are filled out, one could have that ache in your belly that wonders if all deductions were considered. Have your ever had that experience?

There are a few top quality accountants and chartered accountants that also are employed by the retail outlets. If this is the route you are going, ask for a senior account upon your arrival. You pay the same amount for a rookie as you do for experience so you want as well get the best bang for your buck.

Accounting Firms

There are many accounting firms that specialize in preparing corporate tax returns for small businesses, entrepreneurs and consultants. Be sure to use a firm that has many years of experience with your size of company and industry.

Don’t be afraid to ask questions. If your accountant takes your QuickBooks or Simply Accounting files and prepares your corporate tax return with asking you any questions before or after it’s a good indication that your accountant has not taken all deductions into account.

Ask for advice such as …

Is there an advantage to having employees versus hiring people as independent contractors? Are there expenditures that stick out as being excessive or light?

Do I qualify for any government incentives or rebates?

Are you thinking about changing accountants?

If your existing accountant is not providing the level of service you would like, switching to Biz Pros is easier than you think. Biz Pros will make all the arrangements with your current accountant and arrange for your QuickBooks, Simply Accounting or other files to be transferred. We handle everything so you don’t need to feel awkward about contacting your current accountant.

Starting a Business

If you are just starting out in business we can provide you expert advice how to set up your books from the onset to ensure your on the right track from the beginning. There’s nothing worse that being hit with a bill at tax time or an audit because you were not properly advised in the beginning. Many startups are entitled to government incentive programs. Call us to get your business off on the right foot.

Personal Tax Preparation.

We also provide personal tax preparation for individuals and business owners. Many first time clients are pleasantly surprised with the personal attention we provide and that our rates are very competitive.

The accountant or firm that prepares your corporate tax return should also prepare your personal tax return. By looking at the big picture, Biz Pros can give you solid advice to keep more money in your pocket and pay less tax.

Biz Pros has been providing professional tax and business services to small businesses and consultants for over 10 years. We provide personal attention to you our client and never take your business for granted. Before we submit your corporate tax, we make sure that we look at all deductions to ensure you are paying the lowest legal amount of taxes payable.

We welcome you to call our office for a free no obligation consultation. Come and have a coffee and let’s talk. Call Aslam at 905-995-3012 or email us