Professional Accounting Services
Welcome to Red1 Finance Inc, where we provide professional accounting services tailored to meet your specific needs. Our team of experts is dedicated to helping you navigate through the complexities of financial management, ensuring that your business thrives in today's competitive environment.
Taxation
Personal Taxes
We provide tax planning services that are focused on reducing your income tax liability. Our team maintains a proactive view of your situation that keeps an eye on your long-term stability and success. We offer a broad spectrum of comprehensive and thorough year-round tax assistance for individuals and businesses, from managing sales tax compliance to business and estate tax planning to the preparation of personal and corporate returns to effective representation before taxation authorities.
PERSONAL TAX
Our team of professionals is acquitted to assist you in claiming all relevant deductions and reporting your income correctly to help keep you compliant. To get reliable and accurate tax advice it is important to work with an experienced personal tax accountant. It is important to determine whether you need to file a T1 return or not and we can help you in that process.
It is always recommended to hire a professional tax accountant for the following reasons:
Tax is complex and it is always important to file the taxes correctly. Incorrect filing can lead to tax audits from the CRA and heavy penalties/fines.
There are various deductions and benefits available that only an experienced personal tax accountant can guide you on.
There is a lot of time-saving when the tax filing process is delegated.
The CPA can be your financial guide and can help you with other related matters as well.
CORPORATE TAX
Companies operating in Canada and required to file corporate taxes. In order to facilitate filing corporate taxes, you have to have easy access to all your financial records. At first, this can seem complicated as there are various factors in how to file your corporate returns and the compliance rules that must be followed.
Our experienced professionals have extensive experience working with companies to prepare their corporate tax returns. We not only prepare but also advise you on where to save taxes. Using our deep knowledge of Canada Revenue Agency regulations we can help you strategically plan the future of your business including the best way to borrow funds to help your business grow and act as your representative with CRA and handle any inquiries they may have leaving you to concentrate your valuable time on making your business a success
Payroll Services
Payroll processing can be a labor-intensive chore for all businesses. We can offer tailored support for all your payroll processing needs, tasks such as collecting and maintaining employee pay data, calculating taxes, benefits, and reporting unemployed taxes, annual payroll tax forms, and much more.
Our expert staff understands the complexities associated with payroll processing and will handle all the necessary calculations, and file the appropriate forms all while complying with applicable regulations.
Some of the Payroll services we offer include:
Collecting and maintaining employee data
Calculating taxes
Calculating benefits
Calculating withholding Taxes
Reporting unemployment taxes
Managing allowances and deductions
Filing multiple quarterly and annual payroll tax forms
On-time payment of payroll taxes, and payroll reporting
Bookkeeping Services Toronto
At Red1 Finance Chartered Professional Accountant, we offer extensive bookkeeping services tailored to meet the needs of all business types. Whether you are a small startup or a large established business, we can offer you the proper bookkeeping services your business needs. Our goal is to take the pressure off by providing fast and reliable tax filing services. We utilize various accounting systems in our day-to-day activities for our clients to easily track, review, and project business financials. We offer all our clients the personalized support they need to grow their businesses. Our goal is to give clients more value by offering reliable bookkeeping services.
Business Funding Toronto
Our specialized team helps in finance syndication and arranging funds from the banks and financial institutions. We offer following type of services –
Commercial Line of Credit
Equipment finance
Equipment leasing
Project loans
Business Incorporation
We do both Federal and Provincial Incorporation. We provide official searches for full Ontario incorporation, Canada trademark registration, and other related corporate services with minimum cost. We respond to your needs quicker and faster so you can save more.
Our services include:
CORPORATE NAME AND TRADEMARK SEARCHES
Incorporating Federal corporation
Incorporating Provincial corporation
PROFIT AND NON-PROFIT INCORPORATION
FINANCIAL PLANNING AND CONSULTATION
Every business starts with an idea. No matter what stage you’re at in building your business, we want to hear from you. We want to be with you every step of the way. With organizational checkups and productive money management advice, you’ll learn to minimize your financial woes and optimize for success. Our talented team will guide you through:
Tax filing and preparation
Financial statements
Visual business reports
Growth advisory services
Registration & Licensing
Partnerships & Incorporations
Business Plans
Coaching
Financial planning
Successor Planning
Estate Planning
WSIB FILINGS
WSIB coverage is mandatory for independent operators, sole proprietors, partners in a partnership, and executive officers in a corporation who work in construction and other specific industries. At Red1 Finance Chartered Professional Accountant, our professionals make sure complete compliance with applicable rules and regulations.
GST/HST Filing
Indirect taxes are usually transaction-based and include taxes such as the Goods and Services Tax (GST), the blended federal/provincial Harmonized Sales Tax (HST) to the Provincial Sales Taxes (PST) enforced by many provinces in Canada. We supply a full range of services to make taxes tied to purchases and sales simple to manage, such as:
GST/HST tax planning for business start-ups and those expanding
Filing GST/ HST returns
GST/ HST refunds
Assisting you and your staff with training and compliance with indirect taxes
Advisory on tax implications on a purchase or sale of a business, including any due diligence
Preparing Canada Revenue Agency ruling requests and correspondence.
