Dan Bales-Kogan CPA provides a wide range of personal tax services. At Dan Bales-Kogan CPA, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Our professional services include:
PERSONAL TAX RETURN
At Dan Bales-Kogan CPA, we take the headache out of completing your personal tax return through identifying all of the slips required to complete your tax return, along with identifying all of the potential deductions that you are entitled to. Our goal is to minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. We can file your tax returns for up to 10 years.
NON RESIDENT TAX RETURN
As a non-resident of Canada, you may be required to file a non-resident tax return if you earned certain types of income either in or from Canada. At Dan Bales-Kogan CPA, we will help determine your residency status, help obtain a non-resident NR number if required, and complete your tax return.
These services include but are not limited to:
- residency determination
- withholding requirements
- Clearance certificates
- Obtaining an NR4 account
TAX RETURN FOR UNINCORPORATED BUSINESS
As the owner of an unincorporated business, the income and expenses from the business must be reported on your personal tax return. At Dan Bales-Kogan CPA, we will guide you through the process from setting up your business, to selecting an appropriate tax software, to ensuring you have adequate records, through to filing your tax return.
These services include but are not limited to:
- Setting up your GST/HST account
- Setting up your payroll account
- Providing you with a list of permissible deductions
- Guiding you through the selection of an appropriate accounting system
- Setting up your accounting software
- Monitoring your business activities to aid you in management decisions
- Filing your tax return on a timely besis
TAX RETURN FOR PERSONALLY HELD REAL ESTATE
Dan Bales-Kogan, CPA has extensive experience in helping individuals with tax issues related to owning real estate. Where real estate is held personally for rent or development, we can advise you with respect to the related tax issues, and help minimize your tax exposures. Where real estate is held personally, the income and expenses derived from the real estate must be reported on your personal tax return
- Setting up your GST/HST account
- Setting up your payroll account
- Providing you with a list of permissible deductions
- Guiding you through the selection of an appropriate accounting system
- Setting up your accounting software
- Monitoring your real estate activities to aid you in management decisions
- Advising you with respect to the principal residency exemption and whether or not it applies
- Advising you with respect to expenses that can be deducted, versus those that must be capitalized
- Calculating your expected tax liability associated with a potential sale
- Filing your tax return on a timely basis
COMMISSIONED EMPLOYEE TAX RETURN
As a commissioned employee you are entitled to deductions that a regular employee is not entitled to. At Dan Bales-Kogan CPA we will guide you through the expenses to which you are entitled, to minimize your taxes. Where warranted we will help you obtain a GST/HST number, payroll number, help you select an appropriate accounting package, set it up for you, and file your tax return.
Some of the deductions that you may be entitled to include but are not limited to:
- automobile expenses
- home office expenses - with limitations
- Marketing expenses
- Meals and Entertainment expenses
- Professional membership fees, licenses, and other fees