Accountants Hamilton | JTT Accounting

Accounting Services For Savvy Hamiltonians

Those who work in the health care industry understand how much responsibility comes with their jobs. Whether working as dentists or doctors, managing corporate affairs is no easy task.

Unfortunately, many Canadian professionals don’t have any training for managing their own company’s finances, meaning they are at risk of making costly mistakes that will ultimately be detrimental to themselves and their families.

Prioritizing Business Growth – Accountants in Hamilton

At our accounting firm, we prioritize business growth and work closely with our clients to help them achieve their goals. Our services include financial statement preparation, bookkeeping, tax planning, compliance, and more.

We understand the importance of strategic planning and strive to provide our clients with the guidance they need to succeed.

Filing All Tax Returns

Many people think that tax returns are simple, but most individuals don’t realize how many different slips they must file each year. When it comes to filing all of your business and personal income tax returns in Hamilton, you want to make sure they are done quickly and accurately so you can avoid costly mistakes or fines from the Canada Revenue Agency (CRA).

We will prepare your corporate tax returns and all the necessary accompanying schedule T2SAs (and more) when you incorporate them with us!

Tax Credits

At our accounting firm in Hamilton, we believe the best way to help our clients grow their business is to give them all the tax breaks they deserve. We can help you claim eligible deductions such as home office expenses, vehicle usage, tools & equipment expenses, capital cost allowance (CCA), and more!

If there is a possibility that you can claim any of the deductions on your return, we will find them for you.

Personal Tax Returns

Tax returns for self-employed individuals and part-time workers such as students, housewives, and retirees can be complicated. Whether you’re a full-time or part-time worker in Hamilton, we will ensure that your taxes are done correctly and on time so you don’t have to worry about missing any deadlines.

Professional Advisory Services

Even if your business is doing well, you shouldn’t stop looking for ways to maximize your revenue or decrease your taxes. We can help you find new opportunities to save money on your taxes, prepare effective financial plans, and more!

Bookkeeping Services

We strive to make sure every client has accurate financial records, which they can rely on when making decisions about their future.

Our expert bookkeepers are all extremely tested and experienced, which means they have passed a stringent process, ensuring that they understand the latest versions of accounting software and how to use them to your business’s full potential.

We can help you set up new accounting software or learn how to use an existing program so that you always have access to reliable financial information whenever you need it.

Incorporation Services

Protecting your assets is our top priority. That’s why we offer an incorporation service so you can form a separate legal entity for your business activities.

Whether you’re operating as a sole proprietor or have formed a partnership with another business owner, there are multiple advantages to separating your income and expenses into their own entities.

This will ensure that any problems that may arise in the future do not damage your personal credit or affect your family life, even if it means that you lose some tax benefits along the way.

General Accounting and Tax Services

Every business needs a set of books to accurately track its income and expenses, regardless of how big it is. Our professional bookkeepers will prepare your company’s financial statements so that they are always up to date and accurate, no matter what kind of industry you operate in.

They will also make sure Canadian tax law standards appropriately prepare all necessary tax documents. If any changes are made to the current tax laws affecting businesses in Hamilton, our team will keep you updated!

Who Would Benefit From Our Accounting Services in Hamilton?

Startups

Small businesses need their own accounting services to stay afloat, but it’s even more critical for startups. If the people behind the company don’t have extensive tax experience, hiring an accountant can be costly and time-consuming.

Sometimes, they won’t provide you with the guidance needed to make informed decisions about growing your business moving forward. Our accountant in Hamilton work with small businesses from day one, helping them plan out budgets and offering general advice regarding taxes so that everyone’s interests are being properly represented.

Corporates

Even well-established companies need to keep track of their income and expenses, regardless of whether they are reporting as sole proprietors or incorporated entities.

We will provide you with business planning services to optimize all aspects of your business, from marketing strategies to inventory control, to become more profitable!

Small Business

Do you have a side gig going on? Maybe a friend is helping you manage it so far, but it’s time for them to hand over the reigns to a professional who will guarantee that your business is organized and compliant. We can take care of all your accounting needs so that you’ll always know where you stand financially!

Salespeople and Sole Proprietors

Many people who work in sales tend to think their income will remain high year after year, but this is not always true. When the market becomes unstable or changes happen in your industry, you must know how much money is coming in each month so your expenses don’t exceed your revenue.

Our Hamilton accountants can help you prepare a budget before the end of each fiscal year that will help you make informed decisions about how to best plan for your future.

Chiropractors

Even chiropractors need a little bit of professional guidance when it comes to maximizing their profits! Our Canadian accountant in Hamilton can help you turn that part-time job into something that provides for your entire family while still allowing you to live your life as a chiropractor full-time.

Dentists

Large corporations aren’t the only groups that need to pay close attention to their bottom line each quarter. Even dentists working as independent contractors must make sure their clinics are financially stable! We have a proven track record of helping dental professionals become more profitable to continue to provide their clients with the best possible service.

Doctors

The health care industry is one of the top targets for cybercriminals. This includes doctors working alone or within small companies without an IT specialist to help them protect sensitive information about their patients. We will ensure your data is protected at all times while we work to make sure you comply with relevant privacy laws.

Consultants

If you are a consultant, you must keep your company’s financial records separate from your personal ones, so there isn’t any risk of having your business identity stolen by someone trying to get access to the information on your tax returns.

We use advanced encryption software, which will allow us to share information with other professionals without putting any of our clients at risk for fraud.

Our Portfolio of Expert Accounting Services in Hamilton, Canada

If you’re looking for professional accounting services in Hamilton, Canada, you’ve come to the right place. We offer a wide range of services tailored to meet your unique needs at our firm.

We understand that every business is different, and that’s why we offer a range of services that are customizable to your specific needs. From bookkeeping and tax preparation to auditing and consulting, we have the experience and expertise to help your business grow and succeed.

Corporate Tax Accountant in Hamilton

We offer many services for your business, but our corporate tax accountant services are one of the most important. We are not just accountants. We are also small business owners who have spent great years helping other Canadian entrepreneurs navigate the complexities of the ever-changing tax system just like you.

Consulting with an accounting firm about your choices for incorporating your company will help ensure that you’re making the right decisions regarding structuring how you run or grow your business.

At our firm, we take pride in providing advice based on what’s best for your business instead of merely offering suggestions woven around products and services that pay our bills each month.

Accounting and Bookkeeping Services in Hamilton

It takes a lot of hard work to grow a business from the ground up, but one thing that you shouldn’t have to stress about is your company’s financial records. Whether you’re looking for complete bookkeeping services or need an accountant to help with end-of-year accounting, we can assist you with everything you need to do to track your company’s income and expenses by offering these services:

Payroll processing
Sales tax reporting
General ledger maintenance

We understand that there are times when your business may need some additional assistance, which is why we offer to consult services as well! No matter what type of service you might be looking for, our professionals are here to help.

Why Should You Hire Our Top (Pro) Bookkeepers and Accountants in Hamilton?

Hamilton’s businesses can benefit from our comprehensive and cost-effective bookkeeping and accounting services. Our team of experienced professionals will care for all your financial needs, from recording transactions to preparing tax returns.

We’ll help you keep your business finances in order so you can concentrate on what you do best – running your business!

Don’t Let the Books Get in the Way of Your Business Success

Running a business can be a gratifying experience as well as a very stressful one, as any entrepreneur will tell you! The demands of running your own company often mean that you’re stretched far too thin to take care of everything that needs to be done every day.

This is why we love offering professional bookkeeping services to Hamilton companies: we want you to enjoy success without having all the stress and hassle that comes with running a company.

Our team takes pride in relieving some of this burden from our clients by managing their books for them because it means they don’t have to worry about making mistakes or overlooking essential details during tax season – we’ll do all that for them!

Improve the Efficiency of Your Business Operations

At our accounting firm, we specialize in various services, from general bookkeeping and tax preparation to consulting, so that we can assist your business with all sorts of different needs.

However, what they all have in common is the potential to save our clients time and money by allowing them to focus on their operations instead of worrying about internal problems that only an accountant would recognize as being issues that need addressing.

For example, some businesses struggle with data entry at the end of each month, often trying to get everything ready for filing their taxes. We can take care of this process so you don’t have to worry about making costly mistakes or relying on data that might not be accurate.

We’ll Find Profit Gaps (That You Would Not Even Know Where To Look)

It can sometimes be difficult to know if your company is profitable or how much profit you should expect each month and year when running a business. This is where our bookkeeping and accounting services become incredibly useful.

We can track your numbers in real-time and see when there might be issues cropping up with the way things are going in your company, such as when revenue per client plummets after a certain point in the year or an expense stays unusually high for too long.

These abnormalities would often go unnoticed until tax time, but it’s much easier to get ahead of these problems before they become more significant issues.

Instead of spending extra time trying to figure out how to fix things, we can show you what the issue is and help you get it under control so that your business can continue being successful without further disruptions or setbacks.

Bookkeeping is Difficult – Allow Us to Take Care of it for You

Managing a company’s books on top of running said company is no easy task!

If you’re feeling overwhelmed by some aspect of bookkeeping or accounting in your business, that’s where our services come into play again because we want you to focus on more critical aspects of your job instead of wasting valuable time worrying about something that isn’t directly related to growing your business.

We’re happy to handle things like credit card reconciliations, account reconciliation, and month or quarter-end closing processes, so you don’t have to worry about doing your books. This frees up your time and allows you to take care of more important business matters that will contribute to the continued success of your company.

Professional Bookkeeping Saves Money and Time

If you’re currently spending even a few hours each week dealing with bookkeeping tasks when you could be out there running your business, wouldn’t hiring an accountant make sense?

As we’ve already discussed in this post, professional bookkeeping services in Hamilton can save companies money and time by taking over routine accounting tasks such as data entry and reconciliation.

Additionally, as long as you use an experienced and qualified accountant such as those at our Hamilton tax accounting firm, you won’t have to worry about paying more in taxes than necessary because of mismanagement.

We’ll also be able to find any mistakes made by the Canada Revenue Agency so that your company isn’t penalized for clerical errors on its part.

Don’t let bookkeeping problems get in the way of what’s essential.

SR&ED Tax Credit Services in Hamilton, Canada

There are several SR&ED tax credit services in Hamilton, Canada. The most crucial factor to consider when choosing a service is their experience and expertise in the field. Make sure to ask for references and contact them to get more information about their services.

At JTT Accounting, we have years of experience helping businesses claim the SR&ED tax credit. We understand the complex paperwork and regulations involved, and we have a team of experts who can help you every step of the way.

Allow the CRA Pay for R&D Expenses

The Canada Revenue Agency will pay a portion of research and development activities expenses, but only if they fit the criteria. This is known as “the SR&ED tax credit.” Every Canadian business owner should be aware of this tax credit because it’s one of the best ways to reduce your income taxes!

To qualify for the SR&ED tax credit, you must meet specific requirements. To help you understand what you need to do before going ahead with a project that could qualify for a refund through R&D expenditure claims, here are some things that can affect whether or not your company will be eligible to claim the credit.

As long as your type of business has a connection to science, technology, or research, you will most likely be able to benefit from the SR&ED tax credit. The Canada Revenue Agency states that most businesses are eligible for this tax credit, but some exceptions are. Here are some examples of companies that might not qualify:

Public administration organizations such as universities, school boards, and other government entities.
Companies involved in banking and insurance.
Managed service providers (MSPs) and information technology (IT) services providers.
Offices like those for accountants, lawyers, and many other professions.

Corporate SR&ED Tax Credits in Hamilton – Which Businesses Benefit?

Corporations usually only claim the SR&ED tax credit if they are not eligible for the credit as an individual under Canada Revenue Agency rules. As a small business owner, you can benefit by letting your corporation claim these credits! When it comes to claiming SR&ED, businesses must be aware of the following:

The corporation has to file its own separate income tax return;
None of the credited expenditures may give rise to any taxable income (although there could be other consequences).

For most Canadian corporations, filing an SR&ED claim won’t result in a refund unless it exceeds the total tax paid over the previous four years.

SR&ED Tax Services in Hamilton for Companies and Individuals

SR&ED is an acronym that stands for “Scientific Research and Experimental Development.” If your business does any research or experimentation, you can claim these expenditures as SR&ED and receive a tax credit from the Canada Revenue Agency.

Most Canadian corporations will be required to pay taxes on their net income, but they might also be able to reduce those taxes by applying for a tax credit through SR&ED. To quickly summarize :

Companies: If you are a corporation, the CRA will usually require that your business file its own separate tax return to receive SR&ED credits.

Individuals: If you are an individual who has carried out research or experiments on your own time after hours, then Canada Revenue Agency has set out some rules for how you can apply for the SR&ED tax credit on those expenditures.

Businesses in Hamilton who want to claim an SR&ED tax credit should first understand some basic things about the types of expenses eligible under this program. Generally speaking, these expenditures fall into three categories:

Employee salaries (including bonuses) and benefits (like medical coverage);
Contract research (when you hire someone to do the work for you); and
Equipment purchases.

Estate Planning Services in Hamilton, Canada

If you’re looking for an experienced estate planning expert team in Hamilton, Canada, you can’t go wrong with the team at JTT Accounting. We specialize in providing families with the peace of mind that comes from knowing their estate is in good hands.

We’ll help you create a will, power of attorney, and other documents that will ensure your loved ones are taken care of after you’re gone. We also offer trust and estate administration services, so if something happens to you and you need someone to take over managing your estate, we’re here to help.

Our Objectives When it Comes to Estate Planning

The goal of the estate planning process is to ensure that your assets are distributed in the way you want after you die. This can include distributing assets to individuals, charities, or other organizations.

Another goal of estate planning is to minimize taxes and administrative costs associated with transferring your assets after your death. Planning can help ensure that your heirs receive the maximum amount of money possible from your estate.

Finally, estate planning can also help you plan for incapacity by appointing a guardian for your minor children or creating a power of attorney to allow someone else to make decisions on your behalf if you cannot do so yourself.

Advisory Estate Planning in Hamilton

At JTT Accounting, our estate planning accountants have over many years of combined experience helping individuals and families plan for their futures through estate planning, wills, trusts, powers of attorney, and guardianships.

We’re committed to providing each of our clients with the personal attention that helps them understand the value of their assets and how to use those assets throughout life, so they can pass along every asset possible to their heirs without being taxed or penalized by Canada Revenue Agency.

Business Consulting Services in Hamilton, Canada

You’re looking for business consulting services in Hamilton, Canada? Congratulations on your decision to seek out professional help!

There are several great business consultants in Hamilton, and it can be tough to choose the right one for your needs. Here are a few tips to help you make the right decision:

Do your research. Before you even start interviewing consultants, take some time to research their backgrounds and qualifications. Make sure they have experience in business that you need help with.
Interview multiple consultants. Don’t just settle on the first consultant you talk to. Interview at least three or four different ones to get a sense of who would be the best fit for your company.
Don’t settle for anything less than perfection. A great consultant can be the difference between a profitable company and one that goes belly-up, so don’t ever settle for someone who isn’t 100% certain of what they are talking about or won’t take the time to do their research if necessary.

Financial Information Technology Consulting in Hamilton

The best IT consultants in Hamilton will provide you with customized service plans built around your company’s specific needs. With years of experience working with Canadian businesses, they are dedicated to helping you find solutions that will solve whatever problems may be standing in your way.

Whether you’re looking for help figuring out which software suits your needs best, need guidance on how to secure all of your information online, or want to improve the efficiency (and bottom line) of your business operations, one of these trusted experts can help you find the right solution for your business.

Financial Business Consulting in Hamilton

Hamilton is home to some of Canada’s top financial consultants, with years of industry experience under their belts, offering cutting-edge expertise and reliable solutions to each client.

JTT Accounting’s financial business consulting services range from traditional advisory services like cash flow forecasting, budgeting & planning, tax management, etc., to more advanced areas like risk identification/assessment/management, enterprise-wide risk management, corporate finance advisory services.

You can also work with financial consultants to develop strategies and processes for the future, like creating a business strategy or implementing risk management tools.

Management Consulting Firms in Hamilton

You can have easy access to some of the brightest minds in the industry with Management Consulting Firms. These consultants have years of experience and knowledge that they can share with your organization, which can help you grow and improve.

Another benefit is that management consulting firms are often very well connected. They have relationships with other businesses and government organizations, so they can help you form connections and partnerships that would be difficult to establish otherwise.

Finally, management consulting firms often have a team-based approach to problem-solving. This means that you get multiple perspectives on each issue, leading to better solutions.

Consulting Services for Consultants and Independents

If you’re an independent consultant or a freelancer in need of quality consulting services, JTT Accounting has some great options that won’t break the bank: from marketing & sales planning, creating a personal plan of action to writing reports, and preparing presentations.

There are professionals in Hamilton with years of experience who can provide you with customized advice when needed. Whether you want mentoring or just some guidance from an expert in their field, look no further than one of these consultants for your next project.

Payroll and HR Consulting in Hamilton

If your company is looking for a trusted partner to oversee its payroll and HR department, look no further than one of these professional services. Whether you’re just starting or looking for an upgrade, there’s a payroll service in Hamilton that can meet all of your requirements.

From handling tax preparations to advising on effective hiring strategies, these companies have the knowledge needed to handle any human resources situation.

To ensure the success of your business, it’s vital to have a professional handle all of your payroll and HR needs. From developing effective hiring strategies to advising on the best time for annual salary reviews, these services can help you get the most out of your business.

Why Choose JTT Accounting as Your Hamilton Accounting Firm?

JTT Accounting is a trusted accounting firm in Hamilton that provides quality services to individuals and businesses in the area. We have a team of experienced and qualified Hamilton accountants who can help you with all your accounting needs. We offer a range of services, including bookkeeping, tax preparation, and financial planning.

We understand that choosing an accounting firm can be difficult, so we offer free consultations to help you decide which services are best for you. We also provide our clients with a wide range of discounts.

We pride ourselves on providing quality services at affordable prices, and we are committed to providing the best possible service to our clients. For more information or to schedule a consultation, please get in touch with us today.

Accounting and Tax Services for a Wide Range of Clients

JTT provides a full range of accountancy services for individuals and small businesses in Hamilton. We can help you with all your accounting needs, including:

GST/HST returns.
Financial statements.
Corporate tax preparation.
Personal tax returns.
Bookkeeping.
Payroll Management consulting.
Cash flow management.
Business startups.
Business valuations.
Capital gains planning.
Inheritance tax planning.
Estate administration.

Small Businesses and Professionals are the Emphasis

When it comes to your accounting, you need to make sure that you choose an accountant who can understand the unique needs of small businesses. JTT has extensive experience in this area, and we can help you with all your accounting problems.

We know what it takes to succeed in small businesses, which means you can trust us to provide solutions for your specific concerns.

Contact Us to Find Out How We Can Help You As Our Next Satisfied Customer

Our team of Hamilton accountants is ready and waiting for you! To schedule a consultation or get more information on our services, don’t hesitate to contact JTT Accounting today.