604-576-8540 info@malikcpa.ca

It’s all too easy to think of accountants as being mere number crunchers, when the reality is that they are so much more than that. Able to offer companies a number of different benefits, in a number of different areas – corporation tax being one of them – it’s more realistic to look at accounting professionals as being strategic advisors.

Equipped to take on even the most complicated of tax calculations, give sage advice on strategies targeting tax efficiency, and keep clients compliant with continually changing tax laws, a CPA in Surrey can provide your company with a whole host of benefits, including (but not limited to) the following:

  • Enhanced accuracy and compliance

Focused only on your tax calculations (instead of you doing the work while trying to juggle many different tasks), an experienced accountant will not make mistakes, and will ensure that you’re always compliant with the law.

The risk of penalties or legal repercussions (or both) hangs over the heads of many businesses who aren’t equipped to handle the responsibilities of taxes and bookkeeping, but with an accounting professional by their side, they can relax, safe in the knowledge that their taxes have been calculated and filed error-free, and that all relevant regulations are being adhered to.

  • Tax planning that’s strategic

By managing your businesses tax liabilities effectively with the help of an accounting professional, you can save money and avoid paying more than your fair share when it comes to corporation taxes. From advising you on investment or purchase timings, to exploring tax deductions and credits, strategic tax planning can go a long way to ensuring that your third-party investment is a worthy one.

  • Guidance for handling complexities

Some businesses have structures or transactions that are more complex than others, making it difficult for them to navigate their way through them successfully. In situations such as mergers, international trade, or acquisitions, for example, professional insight from a CPA can help you avoid making costly mistakes.

  • Time and resources saved

It can take up a lot of a business’s valuable time managing corporation taxes; time that they could (and likely, should) be spending on other core business activities. By enlisting accounting services to help them cope, businesses can shift their focus to marketing, customer service and retention, to name but a few; all areas that may suffer when corporate taxes are taking up too much of their time, energy, and resources.

  • Long-term financial health

Beyond helping you with such necessities as filing taxes, accounting services can help shape the long-term financial strategy of a business, which can (and often does) lead to savings on taxes that can be significant, and financial stability.

  • Guiding through changes to taxes and legislation

Staying on top of laws and regulations related to taxes that are continually evolving can be challenging to say the least, but a professional CPA can be relied upon to stay abreast of all changes, and keep their clients tax strategies compliant and effective. Should you be audited or face any kind of legal challenge during the course of running your business, accounting services can help guide you through the processes seamlessly, and represent you in front of the CRA, if needed.

While using a tax accountant in Surrey can help you immensely with corporate taxes, and a whole host of other bookkeeping and finance-related tasks, it’s very important to choose the right accounting firm for your needs. Check their qualifications, level of experience and track record before making any final decisions, and signing any contracts. When you do find the right CPA, however, you’ll wonder why you waited so long to hire their services!