Services

We go beyond standard financial and tax services; we forge lasting partnerships, understanding your unique business challenges to provide tailored solutions. Whether you’re a small business or a sole proprietorship, we’re dedicated to supporting you with personalized accounting and tax planning strategies.

Facing audits or compliance issues with CRA or WSIB? Rest assured, we’ll represent you diligently to achieve the best outcome, then work proactively to keep you compliant moving forward. If you’ve fallen behind on filing your income taxes, don’t fret—our team specializes in streamlining the catch-up process for your convenience.

Best of all, our consultation comes with no obligations or fees. Reach out today and experience the difference of personalized, proactive financial support.

Business Registration

We specialize in business incorporation services, offering assistance for both federal and provincial requirements. Our comprehensive service includes obtaining federal and provincial name searches, as well as preparing NUANS reports to ensure compliance and suitability for your business name. Let us simplify the incorporation process for you, ensuring accuracy and efficiency every step of the way.

  • Business registration service includes:
  • Corporation
  • Sole proprietorship
  • Partnership
  • CRA Business number
  • HST account
  • Payroll account
  • Ontario Master business license
  • WSIB account

Accounting

We provide a range of financial services tailored to meet your business needs, including:

    • Preparation of income statements and balance sheets
    • Maintenance of trial balances and ledger accounts
    • Generation of financial statement reports on a quarterly or annual basis
    • Analysis of financial data to identify opportunities for business improvement
    • Preparation of reports and documentation in response to CRA audits
    • Finalization of documentation for tax filing purposes

Bookkeeping

As a dedicated bookkeeper, we play a vital role in ensuring accurate financial reporting and analysis, empowering our business clients to make informed decisions for sustainable growth.

Our comprehensive bookkeeping services encompass:

  • Recording and reporting financial transactions with precision and detail
  • Inputting bills, invoices, and cash receipts into accounting software
  • Tracking and recording customer bill payments and vendor invoice payments
  • Verifying and documenting expense receipts and employee expense reports
  • Conducting regular reconciliations of business and personal bank accounts
  • Safeguarding both physical and digital records in a secure environment throughout our services

We offer flexible bookkeeping schedules, including monthly, quarterly, and annual options, tailored to meet the unique needs of our valued business clients. With our meticulous attention to detail and commitment to accuracy, we ensure that your financial records are organized and up-to-date, providing the foundation for informed decision-making and business success.

Payroll

Our payroll services are designed to streamline your payroll processes and ensure compliance with regulatory requirements. Our comprehensive payroll offerings include:

      • Timely preparation of payroll on a weekly, bi-weekly, semi-monthly, or monthly basis
      • Generation of detailed pay stubs for each employee per pay period
      • Preparation of current source deductions remittance to fulfill tax obligations
      • Preparation of various slips, including T4, T4SUM, T4A, T4ASUM, T5, T5018, and ROE, ensuring accurate reporting to relevant authorities.

With our expertise and attention to detail, you can trust us to manage your payroll efficiently, allowing you to focus on running your business with confidence.

Corporate Tax Filing

Our corporate tax filing service is comprehensive and designed to optimize your tax position while ensuring compliance with all regulations. Our offerings include:

  • Strategic tax planning to minimize tax liabilities and maximize deductions
  • Thorough recording of revenue and expense documents to support accurate tax reporting
  • Identification and claiming of all eligible business expenses to reduce taxable income
  • Preparation of corporate tax returns (T2) with meticulous attention to detail
  • Compilation of income statements and balance sheet schedules to provide a clear financial picture
  • Preparation of assets list and depreciation schedules for accurate asset management
  • Handling of HST returns on a quarterly or annual basis to fulfill tax obligations
  • Utilization of our online and email interactive system for convenient E-filing of returns from any location

With our expertise and technology-driven solutions, we ensure seamless corporate tax filing, empowering you to focus on your business’s continued success.

Personal Tax Filing

We diligently leverage all available government tax credits to minimize tax liabilities and optimize personal tax refunds for our clients. Even if you’ve missed filing for several years, we’re here to assist by preparing tax returns for up to the last decade.

Our personalized personal tax filing service encompasses:

  • Preparation of T1 forms, including employment, rental, foreign, and other income sources
  • Comprehensive T1 preparation for self-employed individuals, including sole proprietors and partnerships
  • Management of investment income reporting to ensure accuracy and compliance
  • Maximizing tax credits by claiming expenses such as rent, donations, medical costs, tuition fees, childcare expenses, and other eligible credits
  • Thorough review of tax returns with clients before proceeding to e-file, ensuring accuracy and completeness

With our meticulous approach and commitment to maximizing your tax benefits, we make the tax filing process seamless and rewarding for you.

Online/Remote

At Right Way Taxes, we’re committed to environmental responsibility through our “Go Green” initiative, promoting paperless practices to keep our planet clean. Clients appreciate the convenience of uploading their T4s, income & expense statements, receipt images, and other tax documents from the comfort of their home or office, using their PC, tablet, or smartphone. This not only saves them time and fuel but also reduces their carbon footprint.

Our secure website features an easy one-click upload option, ensuring that your tax documents are safely submitted and processed. Additionally, clients can email their documents directly to us for added convenience. Take the hassle out of tax preparation and join us in making a positive impact on the environment.

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