Frequently Asked Questions

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For Individuals

• Personal Tax Returns: Most individual tax returns for the year must be filed by April 30. If April 30 falls on a weekend, the deadline is extended to the next business day.

For Self-Employed Individuals

• Self-Employed Tax Returns: If you or your spouse/partner are self-employed, your personal tax returns are due by June 15. However, any taxes owed must still be paid by April 30 to avoid interest charges.

For Small Businesses

• Small Businesses (Sole Proprietorships and Partnerships): Similar to self-employed individuals, small businesses that operate as sole proprietorships or partnerships follow the June 15 filing deadline for their business income, which is reported on their personal tax returns. Taxes owed must be paid by April 30.

For Corporations

• Corporate Tax Returns: The filing deadline for corporate tax returns is six months after the end of the corporation's fiscal year. However, corporations are required to pay their estimated taxes either monthly or quarterly, depending on the corporation's circumstances.

We provide comprehensive bookkeeping services, including general ledger maintenance, accounts payable and receivable, bank reconciliation, and financial statement preparation to ensure your financial records are accurate and up-to-date.

Our standard practice is to update your books on a monthly basis, but we can offer more frequent updates depending on your business needs and preferences.

We stay current with payroll regulations and handle all aspects of payroll tax calculations, filings, and payments on your behalf, reducing the risk of penalties and non-compliance.

An audit provides assurance that your financial statements are free from material misstatement, increasing the credibility of the information provided to investors, lenders, and other stakeholders.

Assurance services include a broad range of financial, performance, and compliance verifications beyond traditional financial audits, helping you improve your operations and meet regulatory requirements.

Incorporating can provide liability protection, potential tax advantages, and enhanced credibility. It can also make it easier to raise capital and may offer ongoing benefits in terms of succession planning.