Tax compliance is a complex and ever evolving area, with tax laws and regulations constantly changing at the federal, provincial, and even municipal levels. At Aterna, our tax professionals can provide you guidance and support on tax compliance issues.
We provide tax preparation services for individuals, self-employed, private corporations, trusts and estates. We recognize the importance of providing competent tax advice to our clients to achieve significant tax savings.
Personal Tax
Filing personal tax returns can a daunting task for many individuals, at Aterna, we help the process to make simpler and manageable. Our team of professional can assist you in the following areas:
Corporate Tax
Filing your corporation tax returns can be complex task and it is a requirement for businesses in order to comply with government regulations and to avoid penalties. By carefully strategizing and optimizing a company’s tax position, tax planning and preparation services can help minimize tax liabilities, reduce financial risk, and improve overall profitability and future growth.
At Aterna, we work closely with our clients to develop tailored tax strategies that align with their business objectives and help them achieve their financial goals. Our team of tax experts stays up-to-date with the latest tax laws and regulations to ensure that our clients are taking full advantage of all available tax benefits and incentives.
Our team of professional can assist you in the following areas:
Charities and Non-Profit organizations
Charities and non-profit organizations may be eligible for tax-exempt status, which means that they do not have to pay income tax on their earnings. However, they still need to file certain tax forms with the government to maintain their tax-exempt status and comply with regulations.
These tax-exempt organizations in Canada have certain restrictions on their activities and spending, and failure to comply with these rules could result in the loss of tax-exempt status. It’s always a good idea to consult with a tax professional or lawyer who specializes in non-profit law to ensure that your organization is meeting all of its tax and regulatory obligations. Our team of professional experts ensure that your organization is meeting all of its tax and regulatory obligations.
Our team of professional can assist you in the following areas:
Tax Compliance
Dealing with the Canada Revenue Agency (CRA) can be confusing, stressful and overwhelming.
One of our partners is an ex-CRA employees, that have over a decade of experience previously working at the CRA, provide you with valuable insight into how the CRA works and thinks, which is a distinct and unique benefit you’ll get partnering with us.
Audits
A CRA audit is a review or examination of a taxpayer’s financial and tax information to ensure compliance with Canadian tax laws. The CRA is mostly looking for un-reported income and non-compliance, which may result in penalties, fines and interest charges. The CRA audit can be a stressful and time-consuming process, but it is important to comply with Canadian tax laws and cooperate with the CRA to resolve any issues that may arise. It is important to be well-prepared before the audit begins.
At Aterna, our tax professionals can represent you during the audit, our team can provide valuable guidance and advice and help you ensure that the auditor is following proper procedures and that your rights are being respected.
Objections
A CRA decision or assessment can be challenged if you believe that the decision or assessment is not correct. A Notice of Objection is a formal request made by a taxpayer to CRA to challenge an assessment or determination made by the CRA. This can be done when the taxpayer believes that the CRA has made an error or that the assessment is incorrect.
Once the Notice of Objection is received, the CRA will review the objection and conduct a formal review of the taxpayer’s file. This may include requesting additional information or documentation from the taxpayer.
After the review is completed, the CRA will issue a decision letter to the taxpayer, either upholding the original assessment or making changes to it. If the taxpayer disagrees with the decision, they may appeal to the Tax Court of Canada.
At Aterna, our tax professionals can represent you during the objection process, as filing a Notice of Objection can be a complex process.
Litigation
The Canadian tax authorities have been increasing their efforts to audit and enforce compliance with tax laws in recent years. If you disagree with a decision of the CRA, you can appeal CRA decision for an independent review by the Tax Court of Canada.
At Aterna, our tax professionals will work with your tax lawyer to efficiently handle your dispute with CRA.
Other Tax matters
Our tax professionals can assist you in other matters dealing with CRA including Voluntary Disclosure programs, Taxpayers reliefs, CRA collections and non-resident and international tax matters.
8621 201 Street, Suite 240, Langley, BC V2Y 0G9
604-585-3300
info@aternaadvisors.com
8621 201 Street, Suite 240, Langley, BC V2Y 0G9
604-585-3300
info@aternabooks.com
8621 201 Street, Suite 240, Langley, BC V2Y 0G9
604-585-3300 ext 107
info@aternacreative.com
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