CPA Accounting Firm and Accountant Edmonton
CPA accounting firm offering bookkeeping, tax, and accounting services to Edmonton businesses.
Trusted by Hundreds of Canadians and their Businesses
Our Services
As one of the online top accounting firms in Edmonton, we offer a wide range of accounting services to support businesses in Edmonton. Our primary services include corporate tax, bookkeeping, payroll, small business accounting, personal taxes, and CRA audit support. We also provide advisory services to help businesses simplify their financial processes, stay compliant, and make informed decisions.
Corporate Tax Services
All incorporated businesses in Edmonton are required to file a corporate tax return with the CRA every year. Our corporate tax services will help Edmonton businesses navigate the complexities of taxation with confidence.
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At WTC Chartered Professional Accountant, we have extensive knowledge in corporate taxation to ensure accuracy and comply with the CRA. Our CPAs have helped hundreds of businesses with T2 corporate tax preparation, tax advisory and tax strategies to reduce tax for their business.
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Our tax and accounting services will ensure your business is compliant and reduce the risk of penalties from mistakes. We will implement tax planning and tax minimization strategies so your business will benefit from reduced tax obligations and ultimately financial wellness and stability.
Bookkeeping Services
Our online bookkeeping services allow Edmonton businesses to manage costs and maintain financial stability. Accurate financial records drive tax decisions on when to recognize income and expenses which can significantly influence business costs.
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Financial statements prepared from accurate bookkeeping records help businesses avoid pitfalls and present a clear picture of financial situations. Financial reporting not only helps with compliance but also builds trust with stakeholders, such as investors and lenders to get better loan terms. Proper bookkeeping allows for thorough analysis of financial situations and ensures smooth business operations.
Payroll Management
Managing payroll can be challenging for small businesses, but our payroll specialist will make it straightforward. We calculate regular hours worked, overtime and vacation pay to avoid errors and ensure employees get paid on time and accurately. We will also handle government remittances on a remittance schedule that fits your business to eliminate payment penalties and reduce the risk of a payroll audit.
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Our payroll services also include a self-serve option for employees to access their pay stubs online through their employee account. Timely and accurate employee payments are key to employee satisfaction and compliance with labour laws. Outsourcing payroll to us will allow you to focus on your core business while we take care of payroll.
Small Business
Our firm offers customized accounting services to meet the needs of small businesses to ensure effective financial management. Our solutions will help you navigate the accounting complexities and achieve your financial goals.
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Our trusted advisors will work closely with you as a business owner to understand your specific needs and challenges, so we can help you overcome those challenges and achieve long-term goals. Our accounting and tax services will keep your financial records accurate according to accounting standards, ensure your business is profitable, and CRA tax compliant. We offer custom tailored advice and strategic planning to help you improve your business financial health.
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Our small business accounting services also include tax strategies to optimize your taxes. Our holistic approach ensures your business gets the attention and expertise it needs to succeed in a dynamic and competitive market.
Personal Tax Services
T1 personal income tax can be overwhelming, but our Chartered Professional Accountants are here to help. We help individuals understand different types of income and their tax implications to ensure accurate reporting and compliance. These types of income may include investment income, rental income, capital gains and more. Engaging with our tax professionals will simplify the tax filing process and help you find opportunities for maximum refund.
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Tax planning will allow you to reduce your tax by making strategic contributions to RRSPs and TFSAs. Tax deductions and credits are key to this process, as deductions reduce taxable income and credits reduce personal income taxes owed.
Why Businesses Choose WTC
Businesses choose us because of our expertise, services, and commitment to client success. We will help businesses implement tax strategies, improve financial management, be tax compliant, and advise on long-term growth and stability.
Financial Success with Tax Planning
Effective tax planning is an important component for financial success. Our CPA Chartered Professional Accountants in Edmonton will help you develop tax minimization strategies to increase your after-tax financial position. Our expert accountants use deductions, credits and exemptions to reduce tax liabilities and improve overall financial situation.
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One of the strategies we recommend is to maximize contributions to Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs). These accounts offer immediate tax benefits and allow you to earn tax-free investment income. In addition, managing capital gains wisely will also give you substantial tax savings as capital gains are taxed at 50% up to a prescribed limit.
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Partnering with our tax professionals will ensure you are navigating complex tax situations with ease and confidence. Our clients often appreciate the personalized advice and proactive approach they get, leading to improved financial management and peace of mind.
Business Consulting for Growth
For businesses that want to grow and succeed, our business consulting services can help. We can assist you in making informed decisions and achieving your business goals. Strategic planning should be ongoing, with continuous review and resource allocation to sustain growth.
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We offer business consulting which involves setting specific goals and key performance indicators to measure success. A meaningful strategic plan requires understanding of market trends and potential future disruptions. Our governance reviews and transformation management will help your business be ready for long-term success.
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Trust among stakeholders is built on the foundation of accurate and transparent financial statements, a reflection of a company’s integrity. We will review your business financials and recommend process improvements that will improve organizational efficiency and overall financial performance. With our advisory services, your business can overcome challenges and take advantage of growth opportunities.
Solutions for Modern Accounting
Modern accounting requires innovative solutions, and we are at the forefront with cloud accounting solutions. Our online solutions will increase efficiency by giving you real-time access to financial reports with better collaboration and workflow management.
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In addition, we use data analytics to extract strategic insights from big data. This will drive business growth and help identify trends, forecast future financial performance and make data driven decisions. By embracing modern solutions, we can better serve our clients and stay ahead of the curve in a fast changing industry.
Advisory Services for Decision Making
Our advisory services help businesses make informed strategic decisions. Financial statements are the data needed to provide insights for resource allocation and budgeting. Accurate bookkeeping supports this process and your business maintains its financial health.
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Businesses can also benefit from our advisory services through cash flow forecasting, tax implications planning, and operational reviews. Most small businesses look for strategic guidance beyond just traditional compliance. Our tailored solutions will help businesses navigate market changes and align actions with financial goals.
Planning for Long-Term Success
Our financial planning is critical for setting financial objectives, budgeting, and outlining strategies for long-term business goals. Good planning will improve profitability, ensure growth and improve decision making for businesses. Forecasting cash flow and expenses will allow your business to anticipate future financial needs and address challenges ahead of time.
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Sustainability in business is supported by planning, which aligns your financial goals with overall business strategy for responsible management. This process also helps in risk management through scenario analysis so your business can create contingency plans for different types of risks. We will integrate financial reporting into business strategies so you can better allocate resources and capitalize on emerging opportunities.
We Are An Online Accounting Firm
As a leading accounting firm, we have partnered with the top cloud accounting technology providers to offer your company tailored solutions. You can access your finances from anywhere at any time with our online approach.
What Our Clients Are Saying About Us
We have some of Edmonton’s best Chartered Professional Accountants and we provide top-notch accounting services. We pride ourselves on excellent service and have earned the reputation as one of the premier accounting firms in Edmonton. Here are some remarks from our clients:
Looking for an Accountant in Edmonton?
Get in touch with us to schedule a consultation! Our expert team of accountants will assess your company and provide a quote based on your situation.
Frequently Asked Questions
Here's a list of commonly asked questions about our accounting firm in Edmonton.
Look at the accountant’s qualification, experience, and range of services. Verify that he or she is a CPA Chartered Professional Accountant, as it signifies a commitment to highest ethical standards and ongoing professional growth.
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Communication and responsiveness is also important for continuous support. Choose an accountant who understands your business goals and provides the support you need to succeed.
Tax planning with a Chartered Professional Accountant (CPA) will minimize your tax liabilities by maximizing your deductions and credits. This proactive approach improves your overall financial health so you can make informed decisions for the future.
The data from bookkeeping provides practical financial insights and keeps your business compliant. Accurate financial records will help you maximize your tax savings and make well-informed decisions.