YEG Tax Masters
Edmonton Business Tax Accounting
We provide tax accounting for Edmonton and area businesses and organizations.
Imagine your best friend was a tax expert….
YegTaxMasters is an Edmonton tax preparation company that does corporate taxes, personal taxes, and payroll, known best for handling small business taxes. Yes, we technically do the same work as other tax preparers; however, our style of working is very different because you collaborate with us every step of the way and don’t need to worry about us taking forever to respond to you.
Most tax accounting places you go to get your taxes done will just tell you exactly what documents they need, then tell you how much you owe the CRA (or are getting back) and that your taxes have been filed. Whereas for us, before doing all the work, we like to meet you and build a relationship so we understand exactly what your goals are. The main reason our clients love us is because you’re working with us through the process of getting your taxes filed.
What sets us apart from everyone else with our payroll services is our ability to get your work completed right away, any day of the week.
When it comes to meeting with us, we try to make it as convenient for you as possible. We know that a lot of people have crazy schedules with no time to meet in person, and some people just aren’t comfortable meeting in person, and we totally understand that. We can help you get your work done over the phone, through email, text, or WhatsApp. Whatever method you prefer!
Think of us as a close friend who happens to be a tax expert. You know their advice is sincere and honest. You wouldn’t be afraid to call them anytime to ask what seems to you like a silly question. You know you’re not going to be ignored, and if they’re busy, they’ll respond when they’re free. This is what we’re known for at YEGTaxMasters!
Edmonton Small Business Tax Accounting
The process of filing small business taxes is simple. Once we get connected to you, we usually like to book you in for an initial consultation, which is free of charge. We’ll discuss your industry and what stage you’re in (looking to open a corporation, wanting to transition from a sole proprietor to a corporation, or having been doing this for years). This would give us an idea of what price to give you. For most of our corporate clients, we offer a package that includes filing your corporate year-end, filing your GST/dividends, personal taxes for you and your immediate family, and assisting you with any correspondence from the CRA. If you’re happy and would like to continue with us, the next thing would be to discuss how you can keep your expenses organized during the year.
Regarding filing your year-end, it doesn’t matter if you’re a corporation that’s behind on your corporate taxes, a corporation whose year-end hasn’t come yet, or you’re looking to open a corporation for the first time; what we need from you would be the same. We’d need authorization on your CRA business account and that fiscal year/year’s bank statements, invoices, and receipts. (Depending on your industry, we may need other documents as well).
Once we have this information, we’ll be working closely with you for about a week or two, depending on the workload, so that we don’t miss anything that can help you save money. Once we’re done, we review everything with you, file it, and help you make the payments to the CRA if needed. That’s a quick summary of our corporate tax process!
Frequently Asked Business Tax Accounting Questions
I haven’t filed my corporate taxes in years, and the CRA sent me a letter saying I owe them money. What do I do?
If you have a GST account and haven’t filed your GST, the CRA can assess you and estimate an amount that you owe them. Don’t worry, you don’t have to pay this amount. Once you file your GST, the CRA will automatically change your amount owing to what we filed and remove what they estimated. Do this as soon as you can, because the CRA may also freeze your bank account or garnish your wages if you keep delaying.
I messaged my accountant, and sometimes he responds to me a few days later, sometimes a few weeks later. What are your response times?
If you’re looking for someone who doesn’t just understand corporate taxes but is reliable and quick at responding, you’ve come to the right place. We know how frustrating it gets when you need to get some work done, need some information, or just need to ask a quick question, but your accountant takes forever to respond. With us, you can call us whenever, and we’ll respond. If we aren’t able to respond right away, you’ll hear back from us the same day. Check our reviews; our clients are our best references!
Edmonton Payroll Services
Payroll sounds very complicated, but it’s actually very simple. As you know, before paying your employee, there are deductions that have to be taken out of their paycheck (such as CPP, EI, taxes, etc.) These amounts, plus additional amounts that your company has to pay, have to be sent to the CRA either monthly or every three months.
To start off, we need all the details of each employee and how often they’re getting paid. Whenever it’s time to pay them, you send us the hours and we will make the paystubs for you, which detail how much they made, how much deductions were taken out, their year-to-date amounts, and exactly how much to pay them. We will also send you a document called PD7A which details exactly how much you have to send to the CRA – employer and employee portions. When it comes to sending these amounts to the CRA, we will guide you through the whole process so you understand exactly how it’s done. Once you see how it’s done a couple of times, it’ll be the last thing you stress about.
Frequently Asked Payroll Questions
If I need to pay my employees right away or need a paystub edited on a holiday or weekend, are you able to do that?
Absolutely! We know that things come up last minute and your employees need to be paid right away. It doesn’t matter what day it is; even if its after typical work hours, we’ll get you your paystubs. If we’re busy, we’ll get to it as soon as we’re free (which is usually within a few hours).
Edmonton Personal Tax Accounting
Tax season is a crazy time of the year where some people get a refund, some are hoping for it, and others know they have to pay. If you’re stressing, don’t worry! We will walk you through this and can guarantee you will have a better understanding of how taxes work after talking with us. We’re not just going to get your information, send it to the CRA, and off you go. We’ll explain to you why you’re getting a refund or owing money and what the best steps are for you to get the maximum refund (or pay the least) the following year. We’re also available year-round, so you can reach out to us anytime.
- Business Tax Accounting - Edmonton & Area -
Why Choose YEG Tax Masters?
One-on-one business accounting support
Powerful financial reporting
Gain valuable insights into your financial performance with our powerful reporting tools. Make informed decisions to grow your business and reach your goals.
Affordable Business Tax Accounting in Edmonton
Our pricing accommodates your budget without sacrificing quality. Get the financial support your business deserves with our unbeatable and affordable business accounting rates. We provide free quotes – Let’s work together.
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