Alberta Accounting Services
Corporate, Business Accounting, Bookkeeping and Payroll Services
Accounting and Tax Services for Small Businesses in Alberta
Bomcas Alberta Small Business Accounting and Tax services. Taxes for Sole Proprietorships and partnerships. If you own or operate a business in Alberta Canada, it can be a corporation, Sole proprietorship or partnership, your business income or shares of it will be taxed. Sole proprietorship or partnership income are taxed as your personal income. Our accountants in Alberta will report your Sole proprietorship or partnership income on your T1 General Return. You can learn more about Taxes for Sole proprietorship or partnership today. Just call or email us today — once of out Small business Tax Accountants in Alberta us ready to help. Corporations must file their own separate tax return—corporate earnings are not taxed as part of your personal income. Taxes for corporations at times can be complex tax return, hence, corporation in Alberta should seek help from our Alberta corporate Tax accountants to make sure they are complying with all applicable laws and accounting best practices.
Small Business Taxes for Corporations in Alberta
Corporation Tax Rates in Canada The basic rate of Part I tax is 38% of taxable income, or 28% after federal tax abatement. Following the general tax cut, the net tax rate is 15%. Effective January 1, 2019, the net tax rate for Canadian-controlled private corporations claiming the small business deduction is: 9%. File corporation income tax, find tax rates today by contacting us, and get information about provincial and territorial corporate tax. We are Bomcas Alberta, Corporate tax in Canada.
Small Business Taxes for Sole Proprietorships in Alberta
A sole proprietorship is an unincorporated business owned by a single person. It is the most basic type of business structure. A sole proprietorship’s owner is solely responsible for making decisions, receives all profits, claims all losses, and has no separate legal status from the business. As a sole proprietor, you also bear all of the company’s risks. The risks extend even to your personal property and assets. If you are a sole proprietor, you pay personal income tax on the net income generated by your business.
Small Business Payroll and Bookkeeping in Alberta
Full-service bookkeeping that includes payroll, GST, and year-end closing. We focus on small to medium-sized businesses. We provide virtual bookkeeping and payroll services to Canadian businesses interested in reaping the many benefits of cloud accounting. Allow us to handle your payroll payments and government remittances. We can: Setup your staff or contractors in the payroll system, Make sure everyone gets paid the right amount on time each month, Manage salaried and hourly workers, Do holiday pay calculations, Do your government remittance reporting, Manage your compliance obligations, Reconcile your payroll
Small Business GST/HST Preparation in Alberta
If you are a small business, corporation, or sole proprietor in Canada and make taxable supplies, you may be required to register for the goods and services tax/harmonized sales tax (GST/HST).