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Tangent Consulting

GST/HST: Commodity & Indirect Tax Remittances & Filing

  • You can minimize your GST/HST liability and maximize your cashflows, while staying compliant every year, with our expert CPAs.
  • If you are facing a GST/HST audit, we can get you connected with expert support, on one phone call.
  • Our team will simplify the GST/HST registration process for you to start collecting taxes with confidence and utmost convenience.

Your Financial Clarity is Our Top Priority

Enrich your financial well-being with our comprehensive financial services.

As a business owner in Canada, you may be aware of the complexities involved in GST/HST tax filing. With numerous regulations and deadlines to keep track of, ensuring compliance can be a daunting task. That’s where our expert tax services come in. We understand your challenges and offer you a comprehensive GST/HST tax filing service that takes the burden off your shoulders. 

With our help, you can:

  • Streamline your GST/HST tax processes
  • Avoid costly penalties
  • Maximize your tax refunds
  • Focus on growing your business

 

We offer a free consultation to discuss your specific needs and provide you with a custom-made solution at no cost whatsoever 😊 

Benefits of hiring Tangent Consulting Services

Get your GST/HST returns filed now

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What can we help with?
GST Filing in Ontario, Canada

All you need to give is

  • Business Information: Legal and contact details.
  • Financial Records: Invoices, receipts, bank statements.
  • GST/HST Registration: Account number, filing history.
  • Transaction Details: Sales, expenses, purchases.
  • Input Tax Credits: Records and supporting docs.
  • Authorization: To act on your behalf for filings.

What are the Steps of GST/HST Filing in Ontario, Canada?

The exact steps involved in GST/HST tax remittance filing may vary depending on your business nature and size. However, the follwing are some general steps that we follow for filing GST/HST taxes for our existing clients:

  • Determine if You Need to Register: Generally, businesses with annual taxable sales exceeding $30,000 are required to register. However, there are exceptions to this as well!
  • Complete the GST/HST Registration Process: This process involves providing basic business information, obtaining a business number (BN), and selecting your GST/HST reporting period.
  • Collect and Track GST/HST: Once registered, you are responsible for collecting GST/HST on taxable sales and tracking these amounts accurately. This may involve maintaining detailed records of invoices, receipts, and other relevant financial documents.
  • Calculate and File GST/HST Returns: At your designated reporting period, typically quarterly or annually, you will need to calculate your GST/HST net tax payable or receivable. 
  • Remit GST/HST Payments: If you have a net tax payable, you must remit the corresponding amount to the CRA by the due date. Conversely, if your net tax is receivable, you may be entitled to a refund from the CRA.
  • Maintain Proper Records: It is crucial to maintain accurate and organized records of all GST/HST-related transactions including invoices, receipts, GST/HST return forms, and remittance receipt.

 

While the steps outlined above provide a general overview, GST/HST tax filing can be intricate and subject to specific regulations. Our team of experienced tax professionals can guide you through these intricacies, ensuring that your business remains compliant and maximizes its tax savings.

What happens if you do not file GST/HST return on time?

Playing dare-devil, aren’t we 😶‍🌫️

While the exact penalties for late or incorrect GST/HST filing can vary depending on the specifics of your situation, the CRA has outlined clear guidelines to ensure compliance. Failure to respond to a demand to file can result in a $250 penalty, and additional penalties may apply for inaccuracies in your filings. Avoid these costly penalties and potential disruption to your business’ operations by entrusting your GST/HST filing to our team of experienced tax professionals.

GST Filing in Ontario, Canada

Your Peace of Mind Protected. Guaranteed!

We don’t just stop at tax filing. Our in-house CPAs are committed to providing you with comprehensive financial support. It goes beyond GST/HST to address any financial issue you may encounter. Our team is always just a phone call away, ready to offer expert advice and guidance. We believe in a value-added service proposition, and that’s why we often go the extra mile to help our clients succeed. Whether it’s providing business insights or assisting with financial planning, we’re here to support you every step of the way.

Experience the difference that expert guidance and genuine care can make.

Commodity Indirect Tax Remittances Filing GSTHST

How Delegating GST/HST Filings can Maximize your Cashflow?

Saving more of everything

  • Time: You get to focus exclusively on your core business activities while we handle tax compliance.
  • Proactive Filing: Ensures you stay compliant and avoid any mistakes while maximizing your deductions

 

Accuracy, primed.

  • Expert Filers: Specialized Accountants ensures accurate filings on time, everytime.
  • Reduced Errors: Minimizes the risk of costly mistakes that can otherwise result in penalties from the CRA
  • Audit Ready: Thorough and organized records kept for all the past years makes your audits smoother.

 

Personalized Support

  • Strategic Planning: We identify any tax-saving opportunities that arise for your specific situation.
  • Peace of Mind: Knowing your taxes are in capable hands gives you another reason to sleep soundly!
  • Customized Service: Tailored solutions for any of your needs, any time.

Schedule a one-on-one meeting to

Why a One-Stop Accountant in Canada?

One-stop accountants in Ontario, Canada, (like Tangent Consulting Services) fulfill a wide range of business & financial needs, from GST/HST tax planning to tax filing, financial strategies and brand-growth. This means that you can get all of your business needs taken care of in one place, without having to worry about juggling between multiple different professionals.

Your one-stop accountant will be skilled and experienced to provide you with:

  • Personalized service: One-stop business consultants offer more personalization than generic, larger consulting firms. We will understand your individual needs and circumstances and then work with you to develop a strategy that complements your operations, works toward your goals, AND assists you in implementing it as well.
  • Affordability: In many cases, the money you save by using a one-stop business consultant to plan your tax strategies will far outweigh the cost of their services.
  • Convenience: One-stop business consulting firms can handle all of your needs, from start to finish. This can save you a lot of time and hassle on switching from one service-provider to the other.
  • Expertise: One-stop consultants have the knowledge and experience to help you collect and work efficiently with the information needed to devise a fool-proof taxation strategy, to scale your business, with minimal hassle.
  • Flexibility: Often more flexible due to the nature of their services, one-stop consultation providers can schedule appointments and meet deadlines according to your needs. This can be especially important if you are a busy professional or an entrepreneur/freelancer.
  • Peace of mind: Knowing that your finances are in the hands of a qualified professional team can give you peace of mind. You can relax and focus on the work you like to do with all your zeal, while your business’ daily finances get streamlined and taken care of, every new day!

Why Choose us as your One-Stop Accountants?

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What can we help with?

Our (awesome) in-house CPAs specialize in providing practical and insightful tax strategies that can give you results from the very first filing, minimizing your liability and helping keep your hard-earned money. We believe in establishing proactive partnerships with our clients. This way, we can come up with effective strategies for planning your new operations and (hopefully) expansions, every year. We’re no strangers to dealing with the stress and financial strain that comes with submitting high-value tax remittances, and once you have signed your engagement letter with Tangent Consulting, a dedicated team of financial professionals has your back, 24/7!

Our in-house CPAs actually look forward to diving into new, sophisticated processes involved in developing and implementing a GST/HST taxation service to streamline your business’ financial operations. In addition to GST/HST filings, we can also handle business issues like dealing with document requests from the Canada Revenue Agency (CRA) to full-on financial reports or tax audits of varying magnitude, thus giving you a full-on One-Stop Shop Experience!

You will feel at ease and confident once your operations and finances are in the capable hands of Tangent Consulting Services team. Whether you’re a high net worth individual or an ambitious entrepreneur, get in touch with us today and let us help you with your management, business and financial issues in no time!

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