Ashcroft & Associates specializes in preparing tax returns for sole proprietorships, and unincorporated partnerships in the Comox Valley and Campbell River.
Are you paying more business income tax than you need to in your sole proprietorship or unincorporated partnership? Are you making costly errors? We can help with managing the paperwork and filing the tax returns for your business partnership or sole proprietorship, as well as provide you with tax planning strategies and business advice.
You can’t get away from paying taxes. It’s one of those facts of being in business, whether you’re a sole proprietor, partnership or in an incorporated company, whether you work alone or have employees.
And yet, every year, the government changes and adds new tax rules. How are you supposed to keep up? You might be over-paying—or worse, making mistakes that might trigger a CRA review.
You’re a busy person with plenty of other responsibilities, and we don’t think you should spend your valuable time figuring out the intricacies of the tax code. Our professionals stay on top of these details so you don’t have to.
Of course, we strongly believe you should understand what you’re filing, so we will also review your return with you so you’re clear on your business’s financial situation.
We offer a complete tax preparation/compliance service to meet the needs of business, regardless of how big or small, what industry you’re in or what stage of the business you’re in.
Ashcroft & Associates experienced and knowledgeable team will do the heavy lifting and guide you through your options, giving you the information you need to make sound decisions in your business.
Painless taxes.
Impossible, you say?
We make taxes a breeze.
Download our free 2023 tax checklist to make sure you've got all of your documentation ready so you get every dollar owed to you.
Tax Services for Unincorporated Businesses: Sole Proprietorships and Partnerships
Tax Planning & Preparation for Business Owners
We’ll prepare your business or corporate income tax return quickly, accurately, and to your best advantage. We offer affordable and reliable tax preparation for businesses and corporations, and we keep current on new and changing tax rules and regulations so you don’t have to.
Unlike other tax preparation firms, we are open year-round. That means we are always available to help you get a head start on your tax planning and take advantage of strategies that could help save you money at tax time. We will also assist with any tax review that may arise.
Regardless of who does your regular bookkeeping, we can prepare your year-end tax statements and file your return directly with the Canada Revenue Agency. We also have a great team of bookkeepers if you need help in that department.
Back Tax Return Filing
If you are late in filing your business-related tax returns, whether sole proprietor or corporate, from previous years, we can help. The sooner you can address this issue, the better.
You will feel a tremendous sense of relief at taking the situation in hand and working your way into tax compliance once again.
Once your prior return(s) have been filed, you will probably need to work with the CRA on a repayment schedule. Having a professional who can speak to the Canada Revenue agent on your behalf is extremely helpful. We can be your allies. We will put all our experience to work on your behalf to help you resolve your situation.
Business Tax Debt
Does your business have tax debt?
Staying up to date with your tax obligations is an important part of managing your business. If your business owes taxes to the Canada Revenue Agency (CRA), don’t panic. You have options.
Ignoring your tax debt isn’t the best strategy. Avoiding payment could result in financial and legal consequences for you and your business. The CRA charges interest at the prescribed rate compounded daily on debts owing until they are paid in full. Don’t avoid paying, since they can freeze your bank account and remove all the money from it.
Assessments and CRA Reviews
If you have received this letter but you don’t know what to do, then contact us and we can explain what is happening and what is required of you in easy-to-understand language.
Rental Properties
Whether you own one or more income properties, we have the knowledge on how to lower your taxable income.
