Accounting and Tax Preparation Services in Sherwood Park, Alberta

Accounting and Tax Preparation Services in Sherwood Park, Alberta | BOMCAS CANADA

Accounting and Tax Preparation Services in Sherwood Park, Alberta

If you need an accounting or tax preparation service in Sherwood Park, Alberta, then you’ve come to the right place. Bomcas Canada Personal, Corporate and small business Tax and Accounting Services. The Sherwood Park team of Accountants of many years of experience in accounting, tax preparation, and bookkeeping, and is a team of expert to work with you in helping your business maximize its profits and efficiency. We works with a variety of industries, including small businesses and trades. We serves clients in Fort Saskatchewan, Ardrossan, Edmonton, St Albert and Sherwood Park.

How to Prepare Your Canadian Taxes

Before filing your Canadian taxes, it’s a good idea to organize your documents. Keep all receipts, invoices, and other documents to prove your deductions. You’ll also need original copies of paper documents to submit to the Canadian Revenue Agency (CRA). Using a checklist is a good way to stay organized and track deductions. Our Accountants in Sherwood Park provides assist in this process.

There are new tax credits for certain financial situations. For example, if you’re self-employed and earn a significant amount of income in foreign currency, you can claim foreign tax credits to reduce your taxable income. Also, the small business tax rate for self-employed expatriates in Canada was reduced from 10.5% to 9% at the start of 2019.