Our tax accounting services are suitable for individuals and a wide variety of business clients in many different industries.
Whether you are an individual looking to get professional help with your tax accounting needs or a business wanting to make sure your financial records are accurate and your tax liability is as low as possible, we hope you will reach out to us at Vohora LLP. Our tax accounting services are cost-effective, and with our 50 years of experience, you can be sure of the accuracy and expertise of our work. We can help new or established businesses in a wide variety of industries, but we also work with individuals and partnerships. We can also generate financial reports as needed, whether annually, quarterly, or monthly.
You will appreciate the breadth of our tax accounting and planning services, which include, but are not limited to, the following:
- Preparing tax returns for individuals, including those with rental income, self-employed status, and/or complex investment portfolios
- Help with tax planning for both businesses and individuals
- Assistance with filing the final return(s) of deceased individuals
- Preparing tax returns for estates, trusts, not-for-profit organizations, and corporations
- Assistance with corporate reorganizations and estate freezes
- Business succession planning, amalgamations, and wind-ups of corporations
- Help with foreign tax filings and compliance for the U.S. or other international needs (through our international affiliation, Alliott Global Alliance)
- Planning services for retirements, estates, charitable gifting, and family changes like divorce
- Other specialized tax needs like SR&ED returns; WorkSafe BC returns; T3, T4, and T5 preparation; partnership (T5013) income tax return preparation; provincial and federal commodity tax (GST, PST) compliance; and more
- Assistance with CRA audits and process reviews
If you are in Vancouver, British Columbia and need tax accounting services, don’t hesitate to reach out to us today.
Contact Vohora LLP Today!
FAQs About Tax Accounting
Tax accounting is a specialized field that focuses on managing taxes in accordance with legal and financial standards. Whether you need to file a simple return or navigate complex corporate finances, our tax accounting services ensure accuracy, compliance, and efficiency.
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What is tax accounting?
Tax accounting is not just about preparing tax returns; it’s about proactive planning for future tax obligations. We track income, expenses, deductions, and credits in accordance with tax law, ensuring you are always prepared for your tax liabilities. Unlike general accounting, our primary goal is to calculate and report tax liability accurately, giving you peace of mind.
What records are essential for accurate tax accounting?
We encourage clients to maintain accurate documentation, including income statements, receipts, investment records, and business expenses. With organized records, our team can identify deductions, verify claims, and prepare your returns with confidence.
How often should tax accounting be reviewed?
We recommend reviewing tax accounting quarterly or annually, depending on your financial activity. Regular reviews help uncover tax-saving opportunities and reduce the risk of filing errors.
Can tax accounting help with financial planning?
Yes. Tax accounting plays a key role in long-term planning. We forecast liabilities, structure income in tax-efficient ways, and assess the tax implications of significant decisions, such as purchasing property or selling investments.
Is tax accounting relevant for individuals and businesses?
Absolutely. We support both individuals and businesses. While businesses may need help with GST/HST, payroll, and regulatory filings, individuals often rely on us for guidance with investments, retirement savings, and self-employment taxes.
Contact Vohora LLP Today!
At Vohora LLP, we offer tax accounting services for clients in Vancouver, Surrey, Prince Rupert, Smithers, Terrace, Langley, Abbotsford, Coquitlam, Burnaby, Richmond, and Mission, British Columbia.
