We as a country are bound by income tax regulations to pay tax. These tax laws are constantly changing which can be difficult to keep up with especially when focusing on work and personal life commitments.
It is not uncommon for people to not fully understand their tax responsibilities. In fact it’s far more common than you think! We don’t expect anyone to take a crash course in trying to understand the dos and don’ts of taxation as that’s where we at Brampton Accounting come in.
We’ll help you understand what tax you are liable for and what actions need to be taken to ensure that you aren’t subject to fines or missed deadlines. The list of varying tax returns levied by the government is extensive and ever changing. We’ll help you understand which, if any, affect you. These include;
- Corporate tax,
- Sales tax,
- Wealth tax,
- Estate tax,
- Gift tax,
- fringe benefit tax,
- excise duty,
- custom duty,
- entertainment tax,
- international tax,
- multistate tax, amongst others.
Working out if you are liable for taxation can be confusing and often time consuming. It’s important to know which tax you are liable for and therefore which tax return you should be filing. At Brampton we can talk you through the varying tax issues that may be affecting you and from there can identify what your next steps will need to be.
Our tax experts have an incredible understanding of all types of personal and small business taxation requirements making us the ideal contact when filing your yearly tax returns.
Our goal is to work with you to understand how we can save you money on your taxes. We look for unique opportunities to reduce your tax bill and reduce your tax related risks. This will free up your time to focus on your personal and business commitments and will allow you to focus on the years ahead.
Once we’re on the case we can guarantee you that you’re in safe hands. Give us a call!