Personal Tax Accounting Sherwood Park

Personal Tax Accounting in Sherwood Park - BOMCAS

At BOMCAS, our team of Personal Tax Accountants in Sherwood Park provides a wide range of services to help you manage your personal taxes effectively. We understand that navigating the world of personal taxes can be overwhelming, which is why we're here to help you every step of the way. Here are some of the ways we can assist you:

Personal Tax Preparation

Our team of experts can help you prepare and file your personal tax returns accurately and efficiently. We'll help you identify deductions and credits you may be eligible for, ensuring that you get the maximum refund possible. We use the latest tax software to ensure your tax return is prepared accurately and submitted on time.

Tax Planning

We'll work with you throughout the year to help you develop a tax plan that takes advantage of all available deductions and credits. By planning ahead, you can minimize your tax liability and avoid any surprises come tax time. Our team can also help you develop a long-term tax strategy that helps you achieve your financial goals.

Estate and Trust Planning

We can help you navigate the complex world of estate and trust planning, ensuring that your assets are protected and your beneficiaries are taken care of. We'll work with you to create a plan that meets your unique needs and helps you achieve your financial goals.

CRA Audit Support

If you're facing a CRA audit, our team of experts can help. We'll work with you every step of the way, ensuring that you have the support you need to navigate the audit process with confidence. We can also provide advice and guidance on how to minimize your chances of being audited in the future.

Self-Employment and Small Business Taxes

If you're self-employed or own a small business, we can help you navigate the complexities of business taxes. Our team has extensive experience working with small business owners and can provide advice on how to maximize your deductions and minimize your tax liability. We can also assist with payroll taxes, GST/HST returns, and other business tax matters.

Retirement Planning

Planning for retirement is an essential part of personal finance. Our team can help you create a retirement plan that meets your unique needs and helps you achieve your financial goals. We'll work with you to develop a plan that includes tax-efficient retirement savings strategies and income streams in retirement.



Overall, our team of Personal Tax Accountants in Sherwood Park is committed to providing you with the highest level of service and expertise. We understand that every client has unique needs, which is why we take a personalized approach to every case. Contact us today to schedule a consultation and see how we can help you manage your personal taxes effectively.

Preparing and filing personal taxes can be a complex and time-consuming process. At BOMCAS, our team of Personal Tax Accountants in Sherwood Park is here to help you every step of the way. Here's what's involved in preparing and filing personal taxes:

Gathering Information

To prepare your personal tax return accurately, we'll need you to provide us with all the necessary information. This includes your T4 slips, investment income statements, charitable donation receipts, medical expense receipts, and any other relevant documents. The more organized you are with your paperwork, the smoother the process will be.

Identifying Deductions and Credits

Once we have all your information, we'll work with you to identify any deductions and credits you may be eligible for. This includes deductions for things like RRSP contributions, child care expenses, and union dues, as well as credits for things like medical expenses, tuition fees, and charitable donations.

Calculating Tax Liability

Once we've identified all your deductions and credits, we'll calculate your tax liability. This is the amount of tax you owe the government for the tax year. We'll make sure you pay the correct amount of tax to avoid any penalties or interest charges.

Filing Your Return

After we've completed your tax return, we'll file it with the CRA on your behalf. We'll make sure your return is submitted accurately and on time to avoid any late-filing penalties. If you're entitled to a refund, we'll make sure it's processed as quickly as possible.

Tax Planning for Next Year

At BOMCAS, we believe in proactive tax planning to help you minimize your tax liability and maximize your savings. We'll work with you throughout the year to identify opportunities to reduce your tax burden, such as maximizing your RRSP contributions or taking advantage of tax credits.

Overall, preparing and filing personal taxes can be a complicated process. Our team of experts can help you navigate the process with ease, ensuring that your taxes are done right and that you get the maximum refund possible. Contact us today to schedule a consultation with one of our Personal Tax Accountants in Sherwood Park.

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