Category Archives: Tax Preparation

Five Income Tax Preparation Tips!

Each year tax season seems to come out of nowhere and we all scramble like mad to get our paperwork in order for our income tax preparation to be done by the Income Tax Accountant. What if it didn’t have to be that way, what if you were organized all along the way? With just a few simple tips you can be well prepared for tax time. You can make your accountant happy and file your income tax preparation with ease. You don’t have to think of everything, in fact you should be consulting the experts at Tax 911 Now. The tax qualified pros at Tax 911 Now serve the Toronto, York region Durham Region and more, helping worried tax payers meet the tax deadline. Let the experts at Tax 911 Now determine which deductions and tax credits are available to you, ensuring you get the best tax result. Claiming all of your deductions and using all of your available tax credits means you will get the biggest tax refund available to you. 

 

  1. Consult a tax professional: if you live in the greater Toronto area consult the pros at Tax 911 Now, let them help you get ready for your income tax preparation.
  2. Create a personalized checklist: Create a checklist of paperwork you need to take to your tax preparer, attach the checklist to a folder and check off the items as you put them in the folder.
  3. Keep tax papers in one place: Set aside a shelf or a drawer where you will keep all of your papers for income tax preparation purpose, that way come tax time you don’t have to look through your entire home or office.
  4. Categorize documents and receipts as you go: buy an expandable file folder and label the tabs, spend a few minutes each week filing your receipts away. This will save you hours or work at income tax preparation time!
  5. Make a list of questions for your Income Tax Accountant: When you think of a question or concern that you have make a note of it, that way when you are ready to come for your income tax preparation. 

 

Don’t let tax season get you down, be prepared for your tax return and get some professional help, Tax 911 Now offers solutions and immediate action to your tax concerns. Tax 911 Now specializes in tax resolution, no matter your situation, we can help. If you live in the greater Toronto area, York Region or Durham Region come for a visit with the tax professionals at Tax 911 Now. Our staff is professional and dedicated to help you with your income tax preparation. Call today, 1-877-918-2991 or come to our office located at 129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4

Tax Preparation Service

If you are like millions of other individuals throughout Canada, you might not be happy with the numbers for your final tax bill or tax returns. Perhaps you thought you should receive more than what your calculations are showing, or maybe you have to pay an amount that just doesn’t seem right. While you probably have done everything you can with the tax preparation, it might just be time to call tax professionals for help. At Tax 911 Now, we are going to make sure you receive professional assistance from our experienced team. We spend all these years focusing on tax rules and regulations, so we know how to better leverage the knowledge to bring you the best tax benefits. With this help, your probability of improving your tax return and reducing your tax bills increases significantly.

 

Tax Preparation Service Assistance

Our professional tax accountant team at Tax 911 Now knows where to look to spot those areas that you might have missed when help clients with the tax preparation. While you may have filled out everything correctly, there are some deductions, write offs and other areas in the ever changing Income Tax Act that are incredibly easy to miss. If you miss the information, chances are the government is not going to correct it. When this happens, it is just like you are throwing away money simply because you didn’t know how to fill in some specific information. On top of all these, with your current work, family life and social life commitment, you just don’t have the necessary time to read up on the latest changes to the tax law and make the needed update or changes on your tax returns. So, instead of spending lots of time getting disappointing results, seek helps from experienced tax professionals for your tax preparation and you will be happy that you did it.

 

Late Tax Preparation Services Toronto

Of course, with so much going on in your life, it is incredibly easy to completely miss out on completing your taxes on time. Should this happen you need to know what to do and how to correct the situation. While filing the return and sending it in is part of the first step, our seasoned tax professionals know how to reduce penalties that might be associated with the late tax filing. Sometimes different events in life take place and there isn’t anything you can do about it. With our tax preparation assistance, you can breathe a bit easier.

 

Use the Best Tax Preparation Services

For the professional tax preparation assistance, feel free to contact and visit Tax 911 Now at our offices at 129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4 or call us by phone at: 1-877-918-2991 for a free consultation.

Tax Preparation for Individuals and Businesses

Canadian tax rules and guidelines seem to change each year. It seems that tax system is forever complicated. Tax doesn’t have to be a hassle, in fact, with the right tax preparation team, tax season can be downright rewarding. If you live in Toronto or other cities in Canada and are concerned about your tax preparation, here are some tax preparation tips to help make filing your taxes easier. 

 

Toronto Tax Preparation for Individuals

According to the Canada Revenue Agency, some things that could help your tax preparation run a bit smoother are: set up direct deposit, save dependent care receipts, save charitable donation receipts, save retirement savings documents, save student tuition receipts, save first time home buyers documents, and more.

  • Direct Deposit
    Setting up direct deposit helps you be ready when you file your taxes. In some cases, it can even provide a quicker return. File on time to prevent late penalties and delays. 
  • Dependents
    The activities you sign your kids up for may provide additional tax savings, as well as, caring for dependents with physical or mental impairments, so be sure to save your receipts. 
  • Students
    You may be eligible to claim tuition, textbook, education amounts, and student loan interest, so be sure to save your school tuition statement. 
  • Charitable Donations
    Cash, goods, and land donations etc., made to a registered charity may be eligible for tax credits, so be sure to save all donation receipts. 
  • Retirement Savings Plans
    Contributions to your RRSP are tax deductible, so be sure to save all RRSP tax forms. 
  • First Time Homebuyers
    Homebuyers may be able to get tax credits for the purchase of their first home, so be sure to save all paperwork. 

 

Toronto Tax Preparation for Businesses

According to the CRA, business records, whether paper or electronic, must be reliable and complete, contain correct information you need for fulfilling your tax obligations and entitlements, and be sustained by supporting documents such as appointment books, log books, income tax, sales tax, GST/HST returns, tax/harmonized sales tax, scientific research and experimental vouchers and records, and certain accountants working papers. So, be sure to keep accurate accounts of these documents for tax preparation.

 

Tax Accountant Toronto

We are Tax 911 Now, we’re located in Greater Toronto Area, and we have a professional team of tax consultants. Our dedicated team of experienced tax professionals cover a wide range of individual and business tax services including tax return Toronto, late tax filing Toronto, CRA audit Toronto, Tax audit help Toronto, VDP Toronto, tax evasion Toronto, tax amnesty Toronto, tax lawyer, Toronto tax problems, Toronto cra tax appeal Toronto, tax objection Toronto, tax payment plan, Toronto CRA collection Toronto, CRA garnishments Toronto, CRA bank freeze Toronto, tax relief Toronto, taxpayer relief Toronto, and tax consultant Toronto, and more. At Tax 911 Now, we understand all about Toronto’s tax issues, rules, and regulations and are prepared to help you avoid the costly tax preparation mistakes that may trigger an audit. Tax 911 Now services the Toronto, York Region, Durham Region and other regions of Canada. Call us for tax help today for free consultation.

Tax 911 Now
129 Telson Road Suite #100
Markham, Ontario
L3R 1E4
1-877-918-2991

Six Essential Tax Preparation Tips

If your tax situation has gotten little more complicated this year, you’ll want to read this. At Tax 911 Now we have some tips to give you so that you can get your tax preparation completed as soon as possible. The sooner you file your taxes, the less money you’ll have to pay in penalties and interest. We tax professionals at Tax 911 Now will help you to get your taxes prepared quickly and accurately, and you will not have to worry anymore. Here are six steps to take to get ready for tax preparation with a tax professional:

  1. Know your social insurance number and gather the numbers for those who will be on your return.
  2. Gather information including tax information slips, and other information sent by employers, banks, and businesses.
  3. Be sure to have your information about other income including self-employment income and rental income etc.
  4. Have your personal income tax information on hand such as your RRSP contribution limit.
  5. Have your receipts for deductions ready. Your Tax 911 Now tax professional can help you know what expenses are deductible.
  6. When you are ready with your information, Call Tax 911 Now to make an appointment.

 

Late Tax Preparation

Even if you are late filing your taxes, Our Team at Tax 911 Now can help you take care of your problem.

You will still need the information listed above when you come for a visit with us in the Toronto area or other region in Ontario. The sooner you file your return, the better off you will be financially.

 

Tax Preparation to optimize your refund

You may think that you can prepare your own taxes, but if your situation is more complex than average, you will wish that you had called a professional sooner. If you want to optimize your tax and you live in the Toronto area or other nearby region of Ontario, we professionals at Tax 911 Now are available to help solve your problems.

The fees you will pay for professional services will be compensated for by the additional tax savings that you will get from our services. We give very professional, expert services enabling you to receive the optimum tax results. You will definitely want call Tax 911 Now for your tax preparation needs again next year. Many of our clients come back to us year after year for our superior services.

If you are thinking about tax preparation services, call a Tax 911 Now tax professional today at 1-877-918-2991 and come visit us at the office.  Why struggle and worry any more about your tax preparation? You have better things to do, and we can help you.

The address of our office is:

Tax 911 Now
129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4

Things To Look Out For When Choosing A Tax Preparer

Tax is one of the constants in life. Although many folks out there don’t enjoy paying tax, they equally can’t run away from it. Every member of all classes of the population have an obligation to pay tax to the government in order to keep the government running smoothly and seamlessly. So, the government is pretty serious with tax collection and imposes hefty punishments, in some cases jail time, on tax defaulters. Therefore, to avoid these hefty punishments placed on tax defaulters and fulfill their obligations as good citizens, people have no option than to file their tax returns on a yearly basis.

 

Available options when filing

When it comes to filing tax returns, tax preparation is an important part of the process. An individual can choose any of the different options available to prepare his tax return. He can use the services of a licensed professional, online tax preparation software, or even prepare the tax returns himself if he can.

 

Getting help to file your tax returns

However, most people prefer to use the services of a licensed professional tax preparer to file their tax returns. Using the services of a professional tax preparer to file tax returns helps to take the stress away from the whole process. For a small fee, a tax preparer will do an excellent job of filing your tax return. An important thing to take note of is that you will be held accountable for the tax returns filed on your behalf by the professional tax preparer. Thus, it is very important to choose a reputable tax preparation firm to take care of your tax returns to avoid getting into trouble with the Canada Revenue Agency.

 

Tips On How To Choose A Reputable Tax Preparer

Since taxpayers are legally responsible for the content of their tax returns whether the return was prepared by them or not, they should exercise care when contracting the services of a profession to prepare the tax returns for them. Below are some useful tips to guide you in your search for a reputable professional tax preparer:

Check the Qualifications of the Professional Tax Preparer: Many people in the tax preparation business are usually attorneys and accountants, and they belong to a professional body that not only provides its members with continuing education but also holds them to a code of ethics. Try to verify the qualifications of professional tax preparers from the professional body they belong to before entrusting the filing of your tax returns to them.

 

Pay Attention To The Reputation

Check the Preparer’s Reputation: Nobody will be comfortable entrusting a sensitive issue like the filing of his tax returns to professionals with a lot of black spots on their reputation. Therefore, it is of utmost importance to check the reputation of the tax preparer you are delegating the preparation of your tax documents to. You can verify the reputation of a tax preparer by checking for disciplinary issues and license status at the professional body the tax preparer belong to or the Canada Revenue Agency (CRA).

Request for Receipts and Records: A reputable tax preparer usually requests for receipts and other records in order to accurately file your tax returns. So, keep an eye for the documents requested by your tax preparer.

 

Blank Tax Form? 

A reputable tax preparer will never ask you to sign a blank tax form. Keep this in mind when you are in the market for a tax preparer to file your tax return.

 

Contact Tax 911 Now

Tax 911 Now is a highly reputable tax preparation firm located in Toronto, Canada. We help to relieve the burden of tax preparation from our clients. By contracting our services today, you too can begin to enjoy a stress-free filing of your tax returns.

Best Canadian Tax Preparation Service in Toronto

When you work with one of the best Canadian tax preparation services, there is no reason why you should overpay the taxman. Tax consultants from Tax 911 Now in Toronto serve a wide variety of individuals and businesses. The tax services cover a wide range of industries no matter you are an athlete, a dentist, a subcontractor, an heir looking for inheritance tax advice, a realtor or any other type of business. If you live in the areas of Toronto, York Region, Durham Region or the surrounding areas, then you can engage the professional tax preparation services of Tax 911 Now.

Tax 911 Now’s tax preparation service offered in Toronto helps you to deal with tax matters effectively and professionally. The tax consultant will help you understand the meaning of tax evasion and tax avoidance. Tax evasion is when you fail to pay tax, which is illegal, while tax avoidance is when you look for loopholes in the law that can help you pay less tax. Only the Toronto tax consultant can be able to go through your books and find a way to lessen your tax burden.

 

Insist on the Best Tax Preparation Service in Toronto

With these in place, you can be sure of getting the best in your tax preparation. Make sure that you look for experienced tax consultants who understand all about tax issues and tax rules and regulation governing it.  Well experienced tax consultants will help you avoid unnecessary mistakes that are bound to happen during your tax preparation.

The tax preparation services in Toronto and other cities helps manage your tax matters so that you do not file late thereby having to pay hefty fines. The tax preparation in Toronto needs to be done in a way that ensures that you pay only the necessary amount that is owed while keeping as much your income as possible.

 

Extra Protection: Reduce the Risk of Revenue Canada Tax Audit

No one wants tax audit after they file their tax return. Average tax preparers just file your tax return without thinking about how to control or reduce the risk of tax audit. That is why working with the best tax preparing firm is critical. Tax 911 Now has the expertise dealing with tax audits and thus understand the possible triggers for tax audits. By working with us, you effectively reduce your chance of being snapped up by CRA for audit.  Let’s face it, no one can guarantee the audit risk to be zero. Just in case you are audited and you need tax audit help later on, the tax preparation Toronto consultant at Tax 911 Now will help you get through with the audit and ensure that any issues is straightened out before you get in trouble with the CRA.

To contact with the top providers of expert tax service, you can call 1-877-918-2991 at any time. Alternatively, you can come for a visit at Tax 911 Now at 129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4. You can be sure you will get the best tax preparation services in Toronto. The ball is therefore in your court so make sure that you take the right steps in getting the best when it comes to tax preparation.

Tax Audit Help in Toronto

Tax audit risks

Every business and individual in Canada who pays taxes can be selected for an audit regardless of whether there are irregularities in their tax returns or not. Audits are conducted for a number of reasons, including those with tax return problems and others who are randomly selected by a computer program. In general, the risk of being selected for a CRA audit are greatly reduced if you work with a professional tax preparation service who has tax audit expertise. Equipped with years of tax audit expertise, Tax 911 Now, with offices in Toronto, York and Durham regions, prepares the tax returns of the business or individual with the mandate of audit risk control in mind.

 

Need tax audit help? 

If you’ve received a audit notice and need help, Tax audit help can be found by using a Tax 911 tax consultant in Toronto. When a CRA audit begins the taxpayer is contacted directly by the CRA; Tax representative at Tax 911 Now can start to represent you in the audit and help to schedule meetings and ensure all the required documents are assembled and complete before being presented to a CRA agent.

 

We are Tax Audit Experts

For tax audit help, Toronto taxpayers can choose one of two options for completing an audit, which are to assemble and send required documents to a CRA office or to allow a CRA agent to audit the business at its place of business. Tax 911 will ensure the audit goes well by providing tax audit help effectively and professionally. Tax audit help starts with a negotiation with CRA agents on the scope, the time and the location of the audit and then organizing all meeting times and locations. For an audit to be completed successfully a number of documents are required by the CRA agents, including sales ledgers, bank account statements and invoices, etc. Tax 911 Now can provide tax audit help Toronto businesses need by checking all the documents required for the audit are complete; when required a tax professional will usually attend the audit at the meeting place or place of business to ensure all the auditor’s requirement are met. By being present throughout the audit, the tax professional can ensure correct procedures are followed and any questions the auditor has are answered quickly and correctly without disclosing information unnecessarily.

 

Tax help for all over the Greater Toronto Area GTA

For many Toronto, York and Durham residents, employing a professional tax preparation and accounting services, such as Tax 911 Now, gives them peace of mind that their taxes and potential tax audit problems are handled correctly. By handling the CRA tax audit for individuals and business for many years, Tax 911 Now has the expertise to make sure that tax returns are audit proof to reduce the risk of audit problem for future.

 

For help with taxes from Tax 911 Toronto individuals and businesses can call 1-877-918-2991 or call into the office at 129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4.