RELIABLE BUSINESS ACCOUNTING IN VANCOUVER
From filing GST receipts to creating tax plans, there are endless financial tasks that business owners must keep up with. The good news is that you don't have to do it all by yourself. At Daisy Chu & Company Inc., we offer a full range of services of business accounting in Vancouver to assist small business owners in managing financial tasks more efficiently.
Our accountant has over 20 years of experience in employing customized strategies to address the specific demands of our business clients. We strive to build long-lasting relationships with our clients and adhere to the highest quality standards. Our team sticks to your deadlines and is available when you need us. If you need business accounting services in Vancouver, give us a call.
HOW WE HELP
As a small business owner, we understand you might have numerous financial requirements. For this reason, we offer an exhaustive list of services that cover all of your fiscal needs. Our services include:
Please speak to us if you have a particular requirement but are unsure if we can help. View our news section to stay updated.
ACCOUNTING AND YOUR BOTTOM LINE
In many cases, small businesses fail to understand the value of efficient accounting, leading to poor financial management and business failure. Improper accounting can lead to:
You can maximize your profit with the help of our experienced business accountant in Vancouver, who can help you identify and meet your bottom line. We take the time to understand your finances to provide customized plans that work intensely.
WHY DO I NEED AN ACCOUNTANT FOR MY BUSINESS?
An experienced accountant can help you:
Meet deadlines: An accountant will keep up with the relevant taxation deadlines, which will help you avoid fines and meet your obligations..
Personalized solutions: An accountant will inspect your financial history, current situation, and future goals to provide customized solutions that will put you on the path to economic success.
Save money: Inadequate accounting and the failure to meet deadlines can cost you unnecessary money. An accountant will optimize your finances with efficient planning.
Please contact us if you'd like to learn more about how we've helped others in the past.
TYPES OF BUSINESS ACCOUNTING TAXES
In Vancouver, Canada, businesses are subject to various types of taxes related to accounting and finance. Some of the standard business accounting taxes in Vancouver include:
Federal income tax: Businesses in Vancouver are required to pay federal income tax on their taxable income. The tax rates vary depending on the type of business entity and income level.
Provincial income tax: British Columbia, the province where Vancouver is located, imposes its provincial income tax on businesses. The rates and brackets for provincial income tax are separate from federal income tax.
Goods and services tax (GST): A value-added tax levied on Canada's supply of goods and services. Businesses with annual revenues exceeding a certain threshold (currently $30,000) must register for and charge GST on their taxable supplies. However, certain goods and services may be exempt or zero-rated for GST purposes.
Provincial sales tax (PST): Until recently, British Columbia had a separate provincial sales tax called the PST. However, as of April 1, 2013, the PST was replaced by the province's Harmonized Sales Tax (HST). The HST combines the GST and PST into a single tax. However, there are some exceptions and specific rules regarding the application of HST in certain industries and transactions.
Payroll taxes: Employers in Vancouver are responsible for deducting and remitting various payroll taxes on behalf of their employees. These include the Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums, and the provincial health tax, which applies to employers with payroll above a certain threshold.
Property taxes: Businesses that own or lease commercial properties in Vancouver are subject to property taxes. These taxes are levied by the municipal government and vary depending on the property's assessed value.
Business licenses and fees: Businesses operating in Vancouver must obtain business licenses or permits, which often involve payment of fees. These licenses and costs can vary depending on the type of business and the activities conducted.
It's important to note that tax regulations and rates can change over time, so it's recommended that you consult with a tax expert for the most up-to-date information regarding taxes in Vancouver.
GET IN TOUCH
At Daisy Chu & Company Inc., we are always welcoming new clients. You can expect a hassle-free experience, quality services, and a friendly team when you choose us. There are many reasons to work with us, such as:
WHY CHOOSE US
Daisy Chu & Company Inc. is one of the top-rated companies in business accounting in Vancouver. We provide our services to Vancouver and its surrounding areas. Our focus is on delivering top-notch services to our clients, making the accounting process easy and understandable. Here are some reasons why you should choose us:
Small business: We are a firm that focuses on providing top accounting services to small businesses contributing to their growth. Our company has all the services related to accounting and taxing that can help make the process easy for small businesses.
Customer service: We strive to provide our customers with the most simple and smooth accounting services, ensuring that our clients have no issues with accounting and tax paying. Our accountants work according to our client's needs, so we provide personalized service.
Reasonable rates: We offer competitive and reasonable rates to our customers, providing them with a one-stop solution for all accounting problems, making our process cost-effective and efficient.
Experienced team: With over 20 years of experience, our accountants and team members know how to handle every situation and problem. Our specialized team works towards making our services better.
Don't hesitate to get in touch with us to make an appointment.
FAQ
Some of the most frequently asked questions for your reference are mentioned below.
When Are Business Tax Returns Due?
Deadlines vary depending on the tax type. It's essential to consult with an accountant to ensure you meet all filing deadlines.
What Are the Central Taxes I Need to Pay as a Business in Vancouver?
This depends on your business structure. Common taxes include federal income tax, Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums, and Provincial Sales Tax (PST).
Do I Need an Accountant?
Even small businesses can benefit from having an accountant. They can help with bookkeeping, tax filing, financial planning, and ensuring you comply with regulations.
