Bookkeeping Bizz Inc.

Tax Accountants at Bookkeeping Bizz offer all kind of Personal and Business Tax Services. Ensuring knowledge of the newest laws, we take care for your business by providing a top quality consultants and managing of your taxes.

Tax Accountants at Bookkeeping Bizz offers all kinds of Personal and Business Tax Services across North York. Oakville, Brampton, Mississauga, Vaughan, Richmond Hill, Toronto.
If I Have A Business, Do I Have To File Both A Personal And A Business Tax Return?
The type of income tax returns you have to file will depend on whether your business is incorporated.

If you have an incorporated business, you must complete a corporate (T2) tax return for the business, and you must also complete a separate personal (T1) tax return.

If your business is incorporated, the business losses (non-capital losses) cannot be used to reduce income on your personal tax return. However, the non-capital losses of the corporation can be carried back, or carried forward to apply against corporate income in other years.

Business Tax Services
Business tax returns If I have a business, do I have to file both a personal and a business tax return? The type of income tax returns you have to file will depend on whether your business is incorporated. If you have an incorporated business, you must complete a corporate (T2) tax return for the business, and you must also complete a separate personal (T1) tax return. If your business is incorporated, the business losses (non-capital losses) cannot be used to reduce income on your personal tax return. However, the non-capital losses of the corporation can be carried back, or carried forward to apply against corporate income in other years. See non-capital losses for information on carry-back and carry-forward periods. If your business is not incorporated, then you only have to file a personal (T1) tax return. The income or loss from the business (proprietorship or partnership) will be included on your personal tax return. With your personal tax return, you will have to file a “statement of business activities” which includes an income statement for your business. If you have a loss from your business, and you have other income such as employment or investment income, then the business losses will reduce the other income on your tax return.

Don’t worry about your employees, we take care of your calm dreams by ensuring all the necessary paperwork and on time payments as well managing the salary’s.
Let us help you alleviate your administrative payroll burdens. Our accountants at Bookkeeping Bizz have been providing centralized payroll services for more than 15 years. So no matter what your accounting needs may be, we have a solution. From traditional payroll services to managed solutions with a-la-carte value-added options, we’ll work with you to develop a customized payroll outsourcing plan that will align and flex with your talent strategy and help meet your business goals.

Register your sole proprietorship, partnership or corporation business name using our secure, cost effective & reliable business name registration service!
When To Register
The name of a new business must be registered if it’s different than the business-owner’s legal name. The business registration is valid for 5 years. Then it must be renewed.

It’s up to you to keep your registration up to date. This means renewing it before the end of the 5-year period, and knowing when you have to register again. If you change your business name or type (for example, from a general partnership to a sole proprietorship), this requires a new registration.

What Business Registration Gets You
You’ll receive a Master Business Licence (MBL), which you can use as proof of business name registration at financial institutions and in business transactions with the Ontario government.

With our Accounting Advisory Services, our Accountants take care of all your Accounting needs so you can focus on your core competencies and cultivating your business.

Book a Free Consultation with Bookkeeping Bizz for Accounting Advisory and Tax Services in North York.
With the increase in complexity of the business environment and transactions, financial reporting is becoming increasingly challenging. This challenge is amplified by the significant changes being envisaged in the financial reporting standards in many jurisdictions. Numerous companies are also seeking to improve their processes to achieve timely and accurate financial reporting.

Our Experienced Accountants offer Accounting Advisory Services for Business and Individuals across Oakville, Brampton, Mississauga, Vaughan, Richmond Hill, Toronto.

Our Accounting Advisory Services practice comprises of a dedicated team providing accounting and financial reporting advice and support to member firms audit and non-audit clients on a wide range of transactions and events, including adherence to new or revised accounting standards and effective management of the financial reporting processes, to support through an IPO process.

Our teams have a variety of skills including technical knowledge and experience, regulatory and standard setting experience, complex transaction and event understanding and process enhancement and project management capabilities.

As a Trusted Bookkeeping Provider with more than 15 years of experience, We offer affordable and efficient Bookkeeping Services for any business anywhere.
Bookkeeping services include accounts payable, bank reconciliations, cheque prep, expense reports, payroll, financial statements, and more provides across North York, Oakville, Brampton, Mississauga, Vaughan, Richmond Hill, Toronto.

We can help with from starting the business - business registrations to setting up proper documentation for keeping books, getting the right softwares for the business day-to-day activity etc

We prepare simple tax returns to very complex ones. We help client who have simple T4, commission salesperson, sole-proprietorship' , self-employed, etc to get the maximum refund they are entitled to. We also give advisory service to each of them to get ready for the new year and plan ahead to make them more refundable in the coming years.