Helping You Through the Uncertainty of Tax Audits & Tax Controversy
Nobody wants to find themselves on the receiving end of a tax audit, nor embroiled in other tax controversy such as disputes over past due tax liabilities, tax payment schedules and the like. Given the stress and uncertainty that are commonly associated with tax audits & tax controversy, why not help yourself through this challenging time by hiring an experienced firm of chartered professional accountants? At Smith & West, we are an Ottawa-based tax accounting team serving all of Ontario with the experience & know-how to guide you through a tax audit or tax controversy.
When you hire us to represent you, you’re getting an experienced group of tax accountants who are well versed with Canadian tax code and CRA procedure. We are committed to working with our clientele through the most challenging of tax situations, and we are dedicated to helping you make it through to the other side.
Why Your Small Business Needs a Tax Accountant in Ottawa
Accounting is a crucial business function when beginning a small firm. It gives business owners the clearest insight into the performance of their operations. Additionally, for tax and regulatory reasons, entrepreneurs must maintain a wealth of records of their small businesses.
- Forecast Business Outlook
Entrepreneurs typically draft a business strategy that contains financial reports, an economic outlook, and projected expenditures. Lenders and investors rely largely on this accounting information to make sure that the business owner has a clear understanding of the expected financial results.
- Plan Budget
Making a budget is a crucial accounting task when beginning a small business. Budgets lay out the costs associated with various business activities. Businesses may set aside money for recruiting staff, marketing plans, stock purchases, and other forms of business expenses. Entrepreneurs can save money by adhering to a budget and avoiding spending it on non-essential business expenditures.
- Determine Revenue and Profits
Most often, a business will gauge its profitability through accounting. Businesses must determine how effectively they are employing their resources to produce services as well as how the cost of their inventory compares to their profit margin.
- Gain Insight
Small businesses may seek guidance from a certified public accountant. They offer a wealth of education, expertise, or skill when assisting entrepreneurs in arranging their business accounting processes. Business owners may also want expert advice when submitting tax returns and making sure all business-related expenses are covered at year’s end.
Grow Your Business With an Ottawa Small Business
Our team of chartered professional accountants at Smith & West develops tailored strategies to meet the requirements of your company. We do this by using in-depth expertise of the most recent CRA laws. You can trust that we always have your best interest and bottom line in mind. We’ll work with you to integrate tax consulting and advising services into the bigger financial picture of your small business.
Why Choose Smith & West as Your Accounting Firm
We are your trusted team for accounting, tax, & consulting with integrity, quality, and professionalism.
Chartered Professional AccountantsOur CPA team is committed to quality work based on a bedrock of knowledge.
One-Stop Firm for Accounting, Tax & FinanceWe have a depth of accounting & finance experience to meet all your needs.
An Individual, Customized ExperienceWe provide tax, accounting, & advisory solutions with a personable approach.
Working with You to Achieve Successful Outcomes in Audits & Other Tax Matters
Whether you find yourself facing a tax audit or another type of tax controversy (late payments, penalties, tax liens, levies, past due liability, documentation & more), what would make matters worse would be to go it alone. Instead, you’re much better off being armed with the right knowledge and experience to achieve a successful outcome. That’s why it behooves you to hire representation, especially in the form of a team of tax pros at a chartered professional accountant firm such as Smith & West. We’ll be there every step of the way, working hard to mitigate your tax liability and lower the tax burden you face.
Our clientele relies on the experience we’ve accumulated in communicating and negotiating with Canada Revenue Agency (CRA) to achieve successful results. Talk to Smith & West today about how we can help with your tax audit or tax controversy matters.