Tag Archives: tax problem

CRA Tax Problems?

Do you have tax problems with Canada Revenue Agency (CRA)? The tax problems may include unfiled taxes, large tax penalties and interests or audits by CRA? If you live near Toronto, York Region or Durham Region, our dedicated professionals at Tax 911 Now are available to help you. 

 

CRA Tax Problems Accumulated over Years

It can be hard to unravel big CRA tax problems on your own. That is why it is always best to have an expert help you when you face CRA tax problems that you have accumulated over years. We will take immediate action on your case, however the solution won’t happen overnight, especially since part of resolving the problem may involve making a deal with CRA. You don’t have to be concerned about the complicated process, however. The tax experts at Tax 911 Now will follow through until your tax problems are resolved.

 

We Don’t Judge

We understand that things happen in life for everyone. Sometimes, you don’t even think about things like unfiled taxes until CRA sends you a notice or letter. Whatever the reason for your CRA tax problems, we won’t judge you. We will listen to your concerns with compassion and will focus on a resolution to your problems and rather than the reasons why you have unfiled taxes.

 

Dealing with CRA Tax Problems

Even though our experts will do everything we can to assist you with CRA tax problems such as unfiled taxes, tax audit, tax collection, etc. sometimes you may have to interact with CRA. Here are a few tips to help you:

 

  1. Write down everything – when you called, who you spoke to, what questions you asked, what their response was. 
  2. Be respectful – even if you received an unpleasant notice from CRA, remain calm and polite while speaking with them. That way, you will be better able to focus on the questions you need to ask. 
  3. Don’t Wait – if you get a letter or phone call from CRA, take care of it right then. If you are working with one of our tax experts, let them know about the letter or phone call right away as well. 
  4. Ask for information in writing – if the CRA needs more information from you, you have the right to get the request in writing. This will allow you time to get your paperwork together and also allow time for our representative to review the request. 
  5. CRA isn’t always right – everyone makes mistakes, even CRA. If you have done everything you can and still believe that you are in the right, remember that the law gives you the right to take them to Tax Court. (This is not as expensive or complicated as you might think). 

 

Call us at Tax 911 Now Today

If you have serious CRA tax problems, such as unfiled taxes, tax audit, large tax debts, etc. and live near Toronto, York or Durham or other regions in Canada, the tax professionals at Tax 911 Now want to help you. You can stop by our office located at 129 Telson Road, Suite #100, Markham, Ontario, L3R 1E4. You can also call us at 1-877-918-2991. We are waiting to help you to fight with your tax problems. Contact us today.

Getting The Help You Need For CRA Tax Problems

There are quite a few reasons why people may suddenly find themselves faced with tax problems, but people can get help with these problems. It can be quite intimidating to deal with the Canadian Revenue Agency, but there are a few tools at your disposal.

 

Type of tax issues

You will first need to simply take stock of the types of tax problems that you are facing. Though it may feel overwhelming, it can be important to think about the first few steps that you should take. If you haven’t ever handled this process before, consider talking to the experts at Tax 911 Now. We have years of experience helping people through whichever tax issues they might be facing.  Whether you are an individual or a small business owner, you can get the help that you need from Tax 911 Now’s team of expert.

 

Possible Penalties? 

Next, you will need to think about the possible penalties you could be facing if you don’t fix these tax issues now. There are some people who may not have paid their taxes for a number of years. Other people may simply have missed some income that need to be included. Ignoring the problem will not make it go away. This is why it is important to seek out tax help. Some people may face some garnishments of their wages or have to pay back penalties to the CRA. If you have to deal with any of these issues, you will want to seek out professional tax services immediately.

Taxes can be complex!

Some people might underestimate just how complex their tax problems may be. They will need to find all the missing records or supporting documentation that they may have forgotten over the years. If you haven’t gone through this process before, you might not know where to start. Getting these CRA tax helps through Tax 911 Now in Toronto, Markham, Richmond hill or other cities in Canada can be the help that you need.

Finally, you may want to contact Tax 911 Now to talk to us about your CRA tax problems and solutions sooner rather than later. This can be the start of an effective solution to you if you live in Toronto, York Region and/or Durham Region or other parts of the country, Tax 911 Now is a phone call away. If you’d like a free consultation, call us by phone at # 1-877-918-2991.

How to Deal with CRA Tax Audits

Most taxpayers are alarmed when they receive audit requests from the Canada Revenue Agency (CRA). Tax Audit Help Toronto finds that the CRA uses computer-generated lists, special projects, leads, and associated files for selecting most taxpayers for audits, and of these methods the computer-generated list is most common. The CRA automated system randomly collects financial information for taxpayers across similar businesses or occupations to generate lists of returns, some with information inviting audits.

 

Groups are targeted

Special projects probe compliance of particular taxpayer groups. If any non-compliance discovered, the CRA may expand the audit locally, regionally, or nationally. Leads from previous audits or from outside sources and filings of taxpayers associated in business with those already audited round out the most common methods of selection.

CRA audits examine financial statements, previous audit results, ledgers, bank account statements, sales invoices, purchase receipts, expense accounts, and other business records. A desk audit (at a CRA office) may require the taxpayer to identify or explain questionable items and to bring specified documents for examination for unreported income. A field audit (at the taxpayer’s home or office) usually means a more serious potential liability.

 

We go investigate your taxes to ensure proper credits are given to you

When providing tax audit help in Toronto and other areas, Tax 911 Now has found that auditors do not review all information necessary. Auditor errors are not unusual and can cost taxpayers thousands; By working with Tax 911 Now for tax audit help, you can prevent such costly errors, first by reducing the audit risks.

Tax 911 Now’s comprehensive audit solution program first identifies taxpayer problem areas likely to attract CRA audits. The self-employed are more at risk of audits than are hourly or salaried workers. Sudden, dramatic changes in economic circumstances or a standard of living much higher than the norm for taxpayers similarly situated often arouse CRA curiosity. Business losses over several years may make the CRA suspect setoffs to other income. Participation in tax shelter programs like donation schemes is a matter for CRA scrutiny. Deduction of more than 15 per cent of income for home office expenses signals a case for an audit. Tax Audit Help Toronto advises taxpayers in any of these situations to be especially careful in keeping records and receipts for expenditures.

Tax 911 Now advises small business owners to have all returns filed on time and all documents ready and to be prepared for any audit. Records should detail all income and every expense. Although the CRA audits fewer than 5% of small business proprietors, it is important to keep complete records over seven years

The CRA’s interest in whether the self-employed report their full incomes is constant. The CRA also watches for discrepancies in incomes reported from sole proprietorships and partnerships. It is required that everything earned must be reported. Tax Audit Help Toronto advises small business owners to be consistent with record keeping.

A small business with lots of cash sales should record all of them and should file appropriate forms for all business areas on time. Claims for deductible expenses must relate to the business. By following these suggestions from the expert in tax audit help services in Toronto, taxpayers should be able to reduce the chance of CRA audits or handle them easily when there is one.

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.

5 Tips on Dealing with the CRA

When deciding what to claim and deduct on a small business tax return can be difficult. Some businesses claim too much or too little, which can lead to sticky situations with the CRA in Toronto and may require CRA Tax Amnesty. Here are 5 tips on dealing with the CRA in Toronto so you can be smart with your small or home business and avoid the necessity of CRA Tax Amnesty. For more information on this topic, and CRA Tax Help, visit TAX 911 now for professional help with taxes servicing Toronto, York Region and more. 

  1. You may have a business without even knowing it. A business is simply defined as “any activity for profit.” Even if something is a hobby, if money changes hands, it is a business as far as the CRA is concerned. If has been mistaken in the past with your business, CRA Tax Amnesty is a way to disclose unreported information. 
  2. The size of the business does not have as big of an effect on how much exemption a small business is allowed. There is a “Small Supplier Exemption,” but it does not apply to all types of businesses. If the business is selling tangible goods, you must collect and remit PST, or RST. For more information on PST, contact Tax 911 now. 
  3. A home business does not automatically qualify you for all deductions in Toronto. A few, like the ‘business use-of-home tax deduction,’ will allow you to use house maintenance and ownership costs as deductions, but the same rules generally apply for all kinds of businesses in Ontario. The same applies with entertainment expenses. A business may only claim 50 percent of entertainment costs. Anything not reported or over-reported can be amended with CRA Tax Amnesty. 
  4. Writing off the equipment must be done over several years using a ‘capital cost allowance’. The amount that can be claimed each year depends on which class the piece of equipment is in. The most general class, class eight, which means you can claim 20 percent of the cost of the equipment each year. Furniture and machinery are examples of class eight items. 
  5. If encountered by an Audit from the CRA in Toronto, it is best to have all documents and records well-kept and ready. An audit is an inspection of a companies records. It will usually take 2-3 weeks, and may include a visit to the business site. If information has been filed incorrectly according to these 5 tips, a CRA Tax Amnesty application may be required. 

Reliable and specific information beyond these five tips on dealing with CRA Tax help in Toronto is available to you at Tax 911 now. The staff is dedicated to helping you with any tax needs. You can reach Tax 911 now at 1-877-918-2991, or come in for a visit at our office.

CRA GST HST Audit

CRA GST HST Audit Alert: CRA started to be more strict on auditing people with high business income without collecting GST or HST.

Most businesses start small. When they are small, say their sales are below $30,000, it is ok to not to register GST/HST accounts. As they grow to more than $30,000, then it becomes compulsory for businesses to register GST/HST accounts and start collecting on behalf of CRA.

Many business owners do not understand their obligations to register GST/HST accounts even if they exceed the sales threshold. While other business owners, who may have registered GST/HST accounts, did not report or remit the GST HST properly for various reasons and caused CRA GST HST audit trouble years down the road.

We know too many small business owners being audited and penalized due to the GST or HST reporting problems.

Some of them, due to circumstances, amount to criminal investigation; some even lost their homes. Once the GST HST problem is caught by CRA, life will never be the same.

What You Need to Do Immediately to Fix Your GST HST Audit Problems?

If you feel you will be audited by CRA pretty soon or you have received letters or calls or personal visit from the tax man, then you cannot afford to wait any longer! Do something to resolve your tax audit problems.

It makes far more sense, and will be less costly, to resolve your tax audit problem right away, rather than dealing with the financial burden of huge reassessment amount and other penalties later.

The first step is to stop procrastinating and running. Take action today!

Hire someone who is qualified and has the experience to help you survive the audit. Many people try to handle their tax audit themselves, resulting in disastrous financial results. Some even ended up fighting in court.

We have helped many clients with their tax audits. Our experience and expertise have led to superior results that even senior tax auditors respect. See that yourself in testimonials.

Get Tax Relief TODAY by calling Tax 911 Now team at 877-918-2991 or go to Contact page.

Our Free No Obligation Consultation & Result Guarantee

To begin with, we offer first time RISK FREE unlimited time consultation just to help you to understand the depth and complexity of your tax problems. We will also provide you the recommended steps to take to fix your tax problems. It is no obligation and thus it is completely up to you to decide what to do from there.

We guarantee the result we can get is much more beneficial than if you do it yourself. Save you thousands of monies in addition to the relieve of the awful stress. We take the emotional factors out of the process. We take care of the uncertainty for you.