Trusted Corporate Tax Accountant in Northwest Calgary

You're busy running your day-to-day business. We understand that, as small business owners, what you need is a partnership with a local, trusted accounting firm to help you take care of the numbers. You need it, and we do it.

Many complexities arise while determining the income tax obligations of a business. With the constantly changing rules and regulations, companies can unintentionally be at risk of non-compliance. Peter W Ng Professional Corporation will provide a full range of integrated services, which include preparation of corporate income tax returns for companies, trusts and partnerships.

For your small business accounting, our Calgary professionals are available to you and can provide a number of valuable services relating to corporate taxes. Forgot to file taxes for many years? We can help file all back taxes. If you have experienced any problems with CRA, such as CRA audit, etc., we can handle CRA on your behalf and help resolve the issues. Have you omitted to report incomes in the past years’ tax returns? We can help you avoid late penalties. Contact us to speak with our corporate tax accountants in Northwest Calgary for assistance with your corporate filing and compliance needs.

Small Business Tax Support and Corporate Filing Services

Small business tax help:

Tax planning so as to minimize the taxes payable.
Preparation of T2 corporate tax returns and schedules.
Electronic-filing of corporate tax returns.
Deal with CRA in respect to all accounting & tax matters.

We can also assist you with filing with CRA for an election under various sections of the Income Tax Act, such as Sec 85, for related party transfer of assets into the corporation or Sec 83(2) for capital dividends, etc.

Our services also include estate & trust tax preparation, accounting & bookkeeping services and personal tax planning & planning. Call us today for a corporate tax service you can trust.

Helping our business clients achieve peace of mind through accuracy and efficient work.

You're busy running your business, let us take care of the numbers.

Tenured - Professional - Affordable

Engaging a Corporate Tax Accountant

Our corporate tax accountant in Northwest Calgary provides organizations with structured support for compliance, planning, and financial reporting. Businesses of all sizes must adhere to the Canada Revenue Agency's requirements, maintain accurate records, and file tax documents within the prescribed deadlines. A corporate tax accountant assists by reviewing financial information, preparing tax filings, and outlining the steps required to meet annual tax obligations.

Key considerations when engaging a corporate tax accountant include:

Understanding filing obligations: Corporations are required to file a T2 return annually, regardless of their income level or activity.
Maintaining organized records: Accurate documentation helps reduce errors and supports efficient preparation of financial statements and tax filings.
Assessing tax positions: A qualified accountant can outline the implications of various corporate activities, including asset purchases, compensation planning, and carry-forward balances.
Ensuring proper classification of expenses: Correct categorization supports clarity and aligns with CRA expectations.
Evaluating year-round needs: Some corporations require periodic bookkeeping, GST/HST support, payroll preparation, or CRA correspondence management.

When working with Peter W Ng Professional Corporation, businesses receive structured processes for gathering information, preparing year-end documents, and reviewing filings before submission. Our team strives to support consistent compliance and provide clear timelines for corporate reporting throughout the year.

Corporate Record Management and Documentation Requirements

Accurate documentation is essential for corporate compliance and year-end reporting. Our corporate tax accountant in Northwest Calgary can help organizations maintain consistent record-keeping practices throughout the fiscal year. Proper records support transparency, reduce the likelihood of errors, and align with the expectations of the Canada Revenue Agency.

Key areas of documentation include:

Invoices and receipts for all business-related transactions.
Payroll summaries and remittance records.
Bank and credit card statements.
Capital asset purchase details.
Loan agreements and repayment schedules.
Shareholder compensation records.
Corporate minute book updates.

Peter W Ng Professional Corporation aims to help businesses maintain complete and well-organized records that support efficient tax preparation and financial reporting.

Guidance for Newly Incorporated Businesses

Newly incorporated businesses often require clarification regarding their tax obligations and documentation expectations. We can provide structured guidance to help new corporations understand their responsibilities from the outset.

Areas where new corporations may require support include:

Initial setup of bookkeeping systems: Assistance in establishing accurate and compliant accounting records, including the chart of accounts and transaction tracking.
Understanding GST/HST registration requirements: Guidance on whether the corporation must register, and how to comply with filing and remittance obligations.
Determining payroll obligations: Clarification on payroll tax deductions, contributions, and reporting requirements for employees and directors.
Establishing shareholder compensation structures: Advice on setting up salaries, dividends, and other forms of remuneration in line with tax efficiency.
Learning the timing of corporate instalments: Guidance on when and how to remit corporate tax instalments to avoid interest or penalties.
Understanding record-keeping rules: Support in maintaining proper documentation for tax compliance and audit readiness.

Peter W Ng Professional Corporation strives to assist new corporations by outlining clear steps and compliance requirements to support long-term operational consistency.

Looking for a Trustworthy Corporate Tax Accountant in Northwest Calgary?

Peter W Ng Professional Corporation provides corporate tax services for businesses requiring accurate filings and compliance support.

Professional Affiliations : Charted Professional Accountants, Albert