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Tax Services

Tax Services | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Your Calgary Choice for Tax Services!

Tax Services | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Versatile Accounting & Tax is a full-service accounting firm committed to providing a wide range of tax services, including the preparation, and filing of corporate taxes and personal taxes. We specialize in careful and effective tax planning, and we will walk you through the GST process so that you understand which transactions are refund-eligible from the Canada Revenue Agency. We are also here to prepare your returns and file them.

All of our services are done with accuracy and experience, and at reasonable rates. We are diligent in our work, and we will often find deductions you may have overlooked, which will reduce your taxes. If your small Calgary-based business is having issues with the Canada Revenue Agency, Versatile Accounting & Tax has the credentials and the experience to successfully represent you. While any Calgary CPA may represent you when dealing with the CRA, not every Calgary CPA has the depth of experience that Versatile Accounting & Tax offers.

Strong proactive tax planning can save you thousands of dollars in the future!

Tax Services | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Outsourcing your accounting to the experienced and qualified team at Versatile Accounting and Tax, who can most effectively represent you with the Canada Revenue Agency, will pay for itself when compared to less-qualified representation.

Tax Services | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm
Corporate Tax | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Superior Corporate and Personal Tax Planning in Calgary!

Corporate Tax | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Versatile Accounting & Tax offers full-service business tools that include corporate and personal financial planning, tax compliance, and advisory services that maximize your income and reduce your tax burden. The Canadian government constantly updates the already vast Income Tax Act. Versatile Accounting & Tax keeps up with these complex changes so we can apply them effectively to your unique financial situation. These changes can result in differences of thousands of dollars if finances are not updated as the law dictates. The tax code is often a gray area that is only clarified when legally challenged. Our professional expertise can give you peace of mind that you are doing everything you can to make the most of your finances. We look forward to helping you with all your accounting, tax, and assurance needs!

Tax Advisory

Tax Advisory | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

In general, Tax planning is similar to financial planning. At Versatile Accounting & Tax, financial and tax planning experts will help you make the smartest and safest decisions for your family and your finances. The more complex your finances, the more detailed and thorough tax planning is needed. We go above and beyond traditional tax planning and tax compliance, and work with you to explore unique issues and tax opportunities.

Corporate mergers, acquisitions, and reorganizations are complicated matters and require knowledgeable and experienced advice. Versatile Accounting & Tax has the necessary experience to assist you in optimizing your tax position. Our team of tax experts is here to help you with the complex and diverse corporate tax compliance process, transaction, and advisory needs. Our new and innovative tax planning solutions take into consideration each client’s personal or business incentives, thereby helping us achieve optimum tax treatment and tax saving opportunities for you and/or your business.

Tax Advisory | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm
Bookkeeping | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Affordable monthly bookkeeping packages! Consider us your Financial Doctor!

Bookkeeping | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Just as you go to the doctor to ensure that your body is healthy and running smoothly, you should talk to your accountant regularly to ensure that your finances are healthy too! Versatile Accounting & Tax is here to help! In addition to small business bookkeeping services, we educate our clients about what we are doing so they can make better financial decisions for their company. Because we also offer accounting services, we can contextualize and customize our bookkeeping services for your business.

Better Bookkeeping Means Better Growth!

Tax Planning | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Versatile Accounting & Tax provides a reliable audit trail so that your records stand up to any questions the CRA might have for you and comply with the latest updates to financial best practices. Our Bookkeeping Services are designed around the needs of small to large businesses and are an affordable and efficient way to get up-to-date and accurate bookkeeping records, no matter where you are located. We understand how confusing it can be for bookkeepers to create reports and do analysis based on the records they keep. We work hard to break things down for our clients so that the process makes sense and runs smoothly.

Tax Planning | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm
Small Business Tax | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Small Business Tax

Small Business Tax | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Versatile Accounting & Tax understands that tax season can be stressful! That is why we are here to provide a full range of services, including corporate tax returns. We are well versed in tax strategies to maximize tax credits, which ultimately means that you can avoid red flags for CRA audits. We will review your year-end tax findings, prepare financial statements, and file your corporate income tax return with the CRA.

We can also make bill payments and tax instalments for you and handle all dealings with the CRA about any issue, so that you can focus on your business instead. We will prepare and file your GST returns each period and ensure that they match your corporate tax return. If you want to avoid last minute mistakes and hassles, Versatile Accounting & Tax is here to provide timely corporate tax filing from highly experienced, qualified, and friendly tax CPA professionals.

Dividends, Payroll and T-Slips

Dividends, Payroll & T-Slips | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Payroll services consist of accurate calculation of payments to employees for their work in the company, whether based on time (hourly) or productivity (contract or salary), as well as calculation of benefits and statutory deductions. It also involves the disbursement, pay slip generation, managing tax services, and record-keeping compliance.

Payroll can be scheduled to be processed weekly, bi-monthly, monthly, or daily (for daily wage workers) but must be done on a regular basis as per the determined pay period. Versatile Accounting & Tax can help you avoid the headache and problems associated with inaccurate payroll systems, with timely, professional, and accurate payroll services.

At month-end, Versatile Accounting & Tax will calculate payroll tax to determine the amount your employer is responsible for paying the Canada Revenue Agency for the deductions taken from the employee paychecks, known as remittance, plus the employer’s portion of Employment Insurance and Canada Pension Plan (CPP). We will develop a payroll strategy that is right for your business and your employees. We look forward to helping you with all your dividends, payroll, and t-slip needs.

Dividends, Payroll & T-Slips | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm
Corporate Taxes | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Corporate Tax

Corporate Taxes | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

At Versatile Accounting & Tax, we understand that each client is unique, which is why we tailor our strategies to meet your needs precisely. We provide a full range of integrated services, including preparing corporate income tax returns for corporations, trusts, and partnerships, filing tax dedications, and corresponding with federal and provincial tax authorities.

We also identify opportunities that will help minimize long term tax burdens, review the benefits and effectiveness of proper business structures, and provide advice to you – our corporate and business clients, on the tax implications of proposed transactions. Our accounting professionals will work closely with you and will remain accessible and responsive to help you achieve your most important business goals.

Filing Corporate Taxes on Time

Corporate Tax Filing | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

As per Canada Revenue Service (CRA) guidelines, Canadian corporations must file a T2, or corporate income tax return, every year, even if there is no tax payable. Corporate tax returns must be filed within six months from the end of a corporation’s fiscal year. Corporate taxes are required to be paid three months after the fiscal year. A corporate tax year, or fiscal period, cannot exceed 53 weeks.

In order to receive a tax refund, your corporate income tax return must be filed within three years of the end of a fiscal period. Our standard turnaround is four weeks. In order to ensure your corporate tax is submitted or filed on time, please consider our corporate tax planning services to keep things running smoothly year-round.

Corporate Tax Filing | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm
Personal Taxes | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Personal Tax

Personal Taxes | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Versatile Accounting & Tax will help you prepare individual personal taxes for you and your family members. Taking a proactive and hands-on approach, we work closely with you to understand your specific needs and adjust our tax saving and income protection strategies accordingly. We carefully follow existing and proposed legislation to determine how it will affect your individual financial goals and provide ongoing guidance for you and your family.

We know and understand that many business and personal taxes are intertwined, and our tax professionals offer the integration of both services to help further drive efficiencies and reduce overhead. Our comprehensive range of tax services includes tax compliance, tax planning for owner-manager remuneration, and family tax minimization.

Trust, Estate & Succession Planning

Trust, Estate & Succession Planning | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

Developing an estate or succession plan usually means having tough but essential conversations about the future. We start and finish the discussion by asking what matters most to you and what is important to your family. We work closely with you and your loved ones to create custom tailored, comprehensive estate and succession plans for current and future generations that allows for long-term wealth preservation.

This will be a dynamic document and will evolve with ongoing recommendations over time to reflect your changing goals and circumstances. Our clients truly value this continued service which would include tax compliance for estates and family trusts, and business transition, succession planning and estate planning services.

Trust, Estate & Succession Planning | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm
GST/HST/PST Filing | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

GST/HST/PST Filing

GST/HST/PST Filing | Versatile Accounting | Calgary and Area CPA Accounting & Tax Firm

The Goods and Services Tax (GST), Provincial Sales Tax (PST) and Harmonized Sales Tax (HST) are an integral part of running a business, and a reality that every Canadian business must address. At Versatile Accounting & Tax, we can help you understand what transactions are eligible for a refund from the Canada Revenue Agency, as well as prepare and file your returns. The filing requirements are specific and ensuring that returns are filed accurately and on time is critically important. Versatile Accounting & Tax can assist you with GST/HST/PST filing and help save you the hassle and headache of doing it yourself. We are here to do the work required, so that you can focus on your business.

We look forward to hearing from you soon!
Call Versatile Accounting & Tax at (403) 203-2263
to set up a Tax Services appointment today!

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Contact Versatile Accounting & Tax

    Contact Us

    301 14 St NW, Suite 302A Calgary, AB T2N 2A1

    Our Hours

    Monday 9:00 am to 5:00 pm Tuesday 9:00 am to 5:00 pm
    Wednesday 9:00 am to 5:00 pm
    Thursday 9:00 am to 5:00 pm
    Friday: 9:00 am to 5:00 pm
    Saturday Closed
    Sunday Closed

    Parking at NW office:

    Parking option A
    The parking is in the south side entrance of the building. There are 4 spots available with the sign SAVVY OLIVER MANAGEMENT for Hillhurst Building visitor parking. Once the client parks, the client will need to text 4038183459 with their license plate for 90 mins free parking.

    Parking option B
    There is paid parking available for 2 hours from the City of Calgary. However, the payment will be required and license plate to register. The cost will be between $1.00 to $3.00 for 2 hours.
    Zone number are 2684, 2685, 2686, 2690

    5940 Macleod Trails SW, Suite #500 Calgary, AB T2H 2G4

    Hours

    Monday 9:00 am to 5:00 pm Tuesday 9:00 am to 5:00 pm
    Wednesday 9:00 am to 5:00 pm
    Thursday 9:00 am to 5:00 pm
    Friday: 9:00 am to 5:00 pm
    Saturday Closed
    Sunday Closed