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 business accounting services to assist small business owners in managing financial tasks more easily.
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, which is why we 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 that 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 with the latest.
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 deeply understand your finances to provide customized plans that work.
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 keep up with your obligations.
Personalized solutions: An accountant will inspect your financial history, current situation and future goals to provide customized solutions that put you on the path to financial 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 get in touch 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 common 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 business entity type and the income level.
Provincial income tax: British Columbia, the province where Vancouver is located, imposes its own 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 Harmonized Sales Tax (HST) in the province. 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 fees 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 consulting with a tax expert for the most up-to-date information regarding taxes in Vancouver is recommended.
GET IN TOUCH
At Daisy Chu & Company Inc., we are always welcoming new clients. When you choose us, you can expect a hassle-free experience, quality services, and a friendly team. There are many reasons to work with us, such as:
Don't hesitate to get in touch with us to make an appointment.
