Accounting, Payroll & Tax Services

Why Tax Planning and Expert Accounting Is Important For Business Owners

As a business owner, it’s hard for you to be an expert in all matters - Finance, Human Resources, Marketing, Accounting, Sales, Shipping, Procurement – and that’s why you hire the best talent to staff those roles. But many of those disparate functions have one thing in common: They have some form of tax element to them.

Business taxes can sometimes be a barrier to growth and profitability of your business. However, if planned correctly, the tax codes offer a number of valid opportunities that business owners can leverage to their advantage. Without savvy tax planning, you could literally be losing thousands of dollars a year in unclaimed rebates, benefits, charge-backs and deductions.

Whether it’s Income Tax, Employment Taxes, Estimated Taxes, Self-Employment Tax, Excise Tax, Provincial Sales Taxes or Goods and Services Taxes – the legislative environment for each of them is too complex for any single individual to master and navigate. So, when it comes to assessing and planning your business taxes, you need an experienced team of Tax Planning professionals to guide you.

Why not combine your tax services with bookkeeping and payroll? 

Business transactions are becoming more complex each year. And with that, the world of taxation grows in complexity as well. As the rules of doing business, within a single jurisdiction or across multiple jurisdictions, change, so does the need for assessing their tax impacts on specific transactions. 

What we can do for you:

  • Reconciliation - Bank, Credit Card, and loan reconciliations are an important part of keeping your books in line.  We can take the guesswork (and stress!) out of the process so you always know where your accounts stand.
  • Financial Statements & Customized Reporting - We can take care of all all financial statements and reporting needs on a monthly, quarterly or year end schedule.  Having visibility into your finances is the only way to make informed business decisions. 
  • QuickBooks Integration - We can help you manage or set up and provide a smooth integration with QuickBooks Online. 
  • Book Clean Up - With our bookkeeping services, you no longer need to keep track of everything on your own.  We will bring your books up-to-date and ensure proper reconciliation from prior periods.
  • Payroll - Hamilton & Associates will handle the tedious work of payroll for you - from calculating paychecks to filing taxes - so you can ensure your employees receive their pay on time.

Our Tax Planning specialists provide invaluable advice and services to a range of business entities, including Sole Proprietorships, Partnerships, Limited Liability Companies (LLPs), Business Corporations/Incorporated Companies, Co-operative structures and Not-for-profit entities.

More specifically, we provide advice and services that include, but is not limited to:

  • Reviewing and advising clients on long-term impact to their business, of tax legislation and proposed amendments

  • Strategic tax planning advice to help you manage your effective tax rate

  • Planning and advice on Alternate Minimum Tax, including supporting you on all paperwork and other formalities to determine amounts owing – if any

  • Consultations on the tax impact on specific transactions (Sale of assets, M&A activity, Import/Export transactions)

  • Preparation of Individual, Corporate, Trust, Partnership and Sole-Owner tax returns

  • Multi-state/inter-provincial tax planning advice, including compliance reviews

  • Electronic tax filing so you receive your rebates, refunds and deductions quickly

  • Providing tax advice to clients when dealing with Federal, State/Provincial tax authorities

  • Tax planning strategies and advice around Succession and Estate planning, to ensure that your exit from the company doesn’t trigger massive tax liabilities, or that your beneficiaries aren’t saddled with undue tax burdens from their inheritance from the disposal of business assets