Managing GST/HST obligations can be challenging, especially with evolving tax rules and industry-specific requirements. As a Toronto-based accounting practice, Kothai Accounting offers several unique benefits:
Our GST/HST return services cover everything from registration to filing and compliance, providing a one-stop solution for Toronto businesses. Our services include:
GST/HST Registration Assistance
Whether you're starting a new business or need to register for GST/HST, we help you navigate the registration process and determine whether you're required to collect and remit these taxes.
GST/HST Filing and Remittance
We prepare and file your GST/HST returns, ensuring that your remittances are accurate, complete, and submitted on time to avoid penalties and interest.
Input Tax Credit (ITC) Optimization
Our services include a detailed review of eligible Input Tax Credits (ITCs) to ensure you're claiming all allowable credits, which can reduce your GST/HST liability and increase cash flow.
GST/HST Compliance and Audit Support
If your business is selected for a GST/HST audit, Kothai Accounting provides full support, handling CRA communications and ensuring your business remains compliant.
Self-Employed and Freelance GST/HST Services
For self-employed individuals and freelancers in Toronto, we offer specialized GST/HST services that simplify tax filings and maximize eligible credits.
Staying compliant with GST/HST regulations is critical for Toronto businesses. Accurate filing and remittance protect your business from costly penalties and maintain a good standing with the CRA. By partnering with Kothai Accounting, you benefit from expert guidance that helps you optimize cash flow and reduce potential tax liabilities.