Ashcroft & Associates has been preparing tax returns for corporations big and small in the Comox Valley and Campbell River for over two decades.
Are you paying more business income tax than you need to? Are you making costly errors?
Put our experience to work for you. Ashcroft & Associates has been preparing tax returns for corporations and small business owners, like sole proprietors and partnerships, in the Comox Valley for over two decades. Our knowledge of tax laws will help you get the best result possible on your business tax return.
Trust the professionals at Ashcroft & Associates to 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’re open year round. That means we’re always available to help you get a head start on your business or corporate tax planning and take advantage of strategies that could save you money.
No matter how small or large your business or corporation, Ashcroft & Associates will ensure your tax return is maximized.
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.
Corporate Tax Services
You don’t want to pay more corporate tax than necessary. We have the knowledge & experience to help.
Ashcroft & Associates offers a complete tax preparation/compliance service to meet your corporate tax filing needs. 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.
Tax Planning & Preparation
We understand the ins and outs of complex federal and provincial tax regulations, and we stay on top of the changes that happen every year. We can help you strategize so you can make savvy business decisions that will help you keep more money in the corporation and minimize your tax payable.
We help you take a proactive approach to preparing for tax time—and to keeping your business as healthy as possible all the time. We believe in regular communication with our clients. When you work with us, we will do our best to provide you with a clear financial picture so you can make the best possible decisions.
This may be solely from a corporate perspective, or it may also interact with your personal income taxes, since the two can be connected through wages/dividends, income splitting, family trusts, and so on.
Trust Returns
This type of trust is set up within a corporation as part of a comprehensive tax planning strategy to help increase tax efficiencies and minimize taxes. We can help you set up a family trust and file your family trust returns.
You can set up a family trust that will own the shares of your corporation, and dividends can be moved over to that family trust, tax-free.
When you decide to retire/sell your business, the funds go into the family trust. These can be divided up over a certain period of time to be more tax efficient.
Ashcroft & Associates are open year round, so 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.
Although we can certainly help if your company gets into a tricky situation (see below), the best way to avoid problems with your taxes is to work with us on an ongoing basis. We are committed to delivering accurate, efficient corporate tax returns.
We can’t promise that you will never be audited if you work with us, but you can have peace of mind knowing that your returns are correct, and you can approach any future audit with confidence.
Back Tax Return Filing
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 late return(s) have been filed, you will probably need to work with the CRA on a repayment schedule. Having an ally who can speak to the tax people 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.
Corporate Tax Debt
If your business owes taxes to the Canada Revenue Agency (CRA), don’t panic. You have options, though ignoring your tax debt isn’t the best strategy.
Avoiding payment could result in financial and legal consequences. 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.
Trust Ashcroft & Associates to help you understand your situation and advise you on your options for how best to proceed.
Corporate Review
An audit is when the CRA looks carefully at your corporation’s financial records to be sure that it’s in compliance with all requirements for income tax, payroll and employee benefits (if applicable), GST/PST collection and remittances, and so on. It can be a challenging time. If you are selected for an audit, we can help you, even if we didn’t prepare your tax returns in the past.
If you need help talking to the CRA about any matter, please call us at 250-334-3797 and one of our awesome staff members at our office will be pleased to correspond with them on your behalf.
