Best online accounting services | Virtual Accountant

1. www.yourvirtualaccountant.ca Virtual Accountant Introduction to Accounting Services Accounting services are a necessity for the survival of a business and can even save you a ton of money by increasing business efficiency and allowing you to make better financial decisions by providing valuable information such as the assessment of business solvency and productivity. Accounting services involves recording, reporting, and analyzing financial transactions of a business or individual. Fees charged for accounting services are not taxable. Why Accounting Services are important? Accounting services is an important process that measures and summarizes the activities of your business and interprets financial information. Therefore, in order for your business to be successful, the accounting of your financial records needs to be accurate. Whether it is about tax preparation services or tax processing services or simple tax return services, the professional help is always needed.

2. www.yourvirtualaccountant.ca Our Accounting Services •Personal Tax •Year end Services •Corporate tax •Book Keeping Personal tax Personal Income Tax (PIT) is a direct tax levied on income of a person. A person means an individual, an ordinary partnership, a non-juristic body of person and an undivided estate. In general, a person liable to PIT has to compute his tax liability, file tax return and pay tax, if any, accordingly on a calendar year basis. Why Filing Personal Income Tax Return is Important for your Business? •Carry Forward Loss •Saves from Penalty and Prosecution •Obtain Government Tenders •Claim Depreciation Year End Services When companies face the end of a financial year, it's time for them to disclose all gains and losses recorded in a fiscal year. Its time to look at accounts and make decisions on projects to be approached in the upcoming fiscal year. Advance year-end accounting will mean you know how much tax you owe so that you can plan-ahead Why Year end services are Important for your Business? •To Accrue Revenue •To Accrue Expense •Manage Physical Inventory •Classify your inventory

3. www.yourvirtualaccountant.ca Corporate Tax Corporation tax is a tax imposed on the net income of the company. Company tax return depicts the total profits a business has made during the corporation tax accounting period, and the amount of corporation tax it is expected to pay on the basis of the profits made. What is the Importance of Corporate Tax for your Business? •Lowering the amount of taxable income •Reducing the tax rate •Allowing greater control of when taxes get paid •Maximizing tax relief/tax credits available Book Keeping Bookkeeping is the systematic recording and organising of financial transactions in a company. Bookkeeping provides the information from which accounts are prepared. It is a distinct process, that occurs within the broader scope of accounting. Why Bookkeeping is important for your Business? •To Improve Management and Financial Analysis •Planning for the business becomes easier •Proper and easier reporting to investors •To avoid a CRA audit At Virtual Accountant we are a team of dedicated professionals who are passionate about helping our clients grow their business. We provide all the usual bookkeeping, accounting compliance and tax services you’d expect from a leading Accounting Practice. We provide expert online accounting and bookkeeping services to businesses, non-profit organizations, entrepreneurs and self-employed individuals.

4. www.yourvirtualaccountant.ca How We Work Get a Quote Our quote forms can take less than a minute to fill in. Connect You pick a time. Just a chat, no tax documents needed. Personalized Checklist We will tell you exactly what we need. Upload Documents Security is important, you will get a link to a secure file drop. We Go to Work Sit back and relax. Information Presented by :- Virtual Accountant 123 Slater St, Ontario, Ottawa, K1P 5H2 https://www.yourvirtualaccountant.ca/ Call- +1-343-987-4789 harrisonwhite_va@outlook.com