Why Choose RNS Accounting?
All financial activities come with tax consequences. We can help identify potential tax consequences and advise on tax-efficient investing, tax deferral strategies and more
Experienced, knowledgeable, financial advisers are preparing your tax.
We can come to you as well. Convenient and friendly services providers
Our fees contain no surprises.
CRA authorized E-filers and client representatives
Guaranteed Maximum Refund
We guarantee you will receive the maximum refund you are entitled or we will refund you the applicable
100% Accuracy Guarantee
We guarantee you will receive the maximum refund you are entitled or we will refund you the applicable We guarantee 100% accurate calculations
Take the worry of the Tax season and we will help you minimize your taxes and maximize the returns through careful planning. A Quick Reminder on the Important Date for ﬁling your corporate taxes.
Corporate returns are due on or before April 30th of every year. Balance owing is due on or before April 30th of every year. Late ﬁling penalty of 5% + 1% per month will apply to all outstanding balances owing. Repeated failure to ﬁle, a penalty of 10% + 2% per month will apply. Interest on all outstanding balances owing will be computed at the prescribed rate from the day on which the amount was required to be paid to the day payment was received by CRA.
- Corporate Tax Returns
- Corporate Income Tax Planning
- Audit and Appeals Assistance
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CORPORATE TAX GUIDE
Bookkeeping and Accounting
RNS Accounting & Financial Services provide affordable Bookkeeping and Accounting Services to any businesses. We can manage your existing account or create a new set of accounts. We can also handle GL, Payroll, Bank Reconciliation, and much more to complete your accounting needs.
RNS Accounting & Financial Services can help you to prepare your Financial Statements such as Income Statement and Balance Sheet. Transactions include Purchases, Sales, Accounts Receivable, Accounts Payable for an individual or organization.
RNS Accounting & Financial Services can guide you to file your HST, WSIB returns, prepare GST/HST, WSIB remittances on time and ensure you to get the accurate HST paid on purchases or services you provided.
RNS Accounting & Financial Services can transform financial data into significant information in conformity with standardized accounting principles thereby providing insights to your company’s performance. Tasks include Data Entry, Journal Entry Support, Year-End Closing books.
Any business looking to reduce payroll administration and increase overall efficiency would benefit from using RNS Accounting & Financial Services Payroll services. Handling Payroll has never been easier, OUTSOURCE your payroll administration to RNS Accounting & Financial Services
RNS Accounting & Financial Services professionals will take care of your payroll Weekly, Bi-Weekly or Monthly payroll remittances (PD7A). RNS Accounting & Financial Services also can help you to prepare T4, T4a and Summary in an affordable way to get it done right at the first time and every time,
RNS Accounting & Financial Services Accountants are accomplished in compliant payroll processing and in keeping track of payroll regulation. RNS Accounting & Financial Services can help you effectively integrate your payroll services through consolidation and preparation.
RNS Accounting & Financial Services can register any type of Business such as sole proprietorship, partnership, or corporation on the same day with Reasonable Fees.
Sole Proprietorship is the simplest form of starting a business. Only one owner is responsible for making all of the decisions and, consequently receives all the profits, but also assumes all of the risks.
RNS Accounting & Financial Services can do Sole Proprietorship registration of new business names in a business day. Renewal of existing business names takes one to two weeks. We also will notify you when the renewal of registration is due, normally Ontario business name registration is valid for 5 years.
Partnership is a relationship between two or more persons carrying on a business. The body is usually more complex than sole proprietorship and there is more than one owner to share in the profit and/or losses.
RNS Accounting & Financial Services can establish either a general partnership or limited partnership for you, with a proper partnership agreement in place.
Generally, a Partnership neither pay income tax on its Income nor file an income tax return. Instead, each partner files an income tax return to report their share of the partnership’s net income or loss. RNS Accounting & Financial Services will help the partners file T5013 Statement of Partnership Income and also help to claim Capital Cost Allowance (CCA) on own depreciable property.
Corporation is a legal entity that has its own legal personality which is different from shareholders, and the individuals who manage and run business are called directors or officers.
RNS Accounting & Financial Services can identify to choose a name for your corporation through NUANS (New Upgraded Automated Name Search), unless you’re going to be operating a numbered company. We will help you to establish the initial registered office address and first board of directors and will ascertain the directors meet the eligibility requirements.
RNS Accounting & Financial Services will register the corporation on your behalf with the completed Articles of Incorporation, the covering letter, and a current NUANS name search which shows the name searched, the NUANS reservation reference number, and the NUANS date, as well as with the appropriate fee.
CRA Audit Representation
Personal Tax Audit
CRA audit focuses on verifying donation, rental receipts or medical receipts in fact anything related to tax compliance. If the CRA is not satisfied with the documentation that you provided, then CRA starts to audit the entire tax return. RNS Accounting & Financial Services professional representation can be dynamic when dealing with government tax correspondence, and our vast experience with tax authorities enables us to guide clients in their successful dealings with the Canada Revenue Agency (CRA).
If you have been reassessed, have failed to file past due returns, or chosen for an audit, RNS Accounting & Financial Services professionals can put many of your worries at bay. We are ready and willing to answer any questions the CRA may be asking of you and will also advise you on your rights and responsibilities and even file an appeal if it seems warranted.
Business Tax Audits
During business audits, the Canada Revenue Agency (CRA) closely examines books and records of small and medium-sized businesses to make sure they fulfill their obligations, apply tax laws correctly, and receive any amounts to which they are entitled.
A CRA auditor will write to you or call you, or both, to begin the audit process and inform you of where the audit will take place. At RNS Accounting & Financial Services, we will take care of the details, arranging mutually convenient meeting times and places for the CRA to perform the audit. RNS Accounting & Financial Services can support on-site audit as well as office audit by the CRA. We will also negotiate on your behalf to limit the scope of the audit itself.
RNS Accounting & Financial Services will coordinate with the CRA auditor and organize supporting documents (business records such as ledgers, journals, invoices, receipts, contracts, and bank statements).
RNS Accounting & Financial Services also makes itself present throughout the entire CRA audit process so that the audit can be completed quickly with minimal delay. RNS Accounting & Financial Services will take care and handle all negotiations, objections and appeals up to the end of the appeal stage. If you disagree with the reassessment, we will go to the next step for Appeals by registering a formal dispute.