At Exon Tax, we understand the importance of
accurate and timely bookkeeping for businesses. Our team of experienced professionals provides expert bookkeeping services, leveraging the latest technology and industry best practices to ensure seamless financial management.
Our commitment to delivering exceptional bookkeeping services enables businesses like yours to focus on growth, profitability, and success. Partner with us for reliable, efficient, and cost-effective bookkeeping solutions that drive your business forward.
Efficient bookkeeping is the foundation of a successful business. By accurately tracking financial transactions, managing cash flow, and ensuring compliance with regulatory requirements, our bookkeeping services empower businesses to make informed decisions, reduce costs, and drive growth. With our expert bookkeeping support, companies can focus on core operations, improve financial stability, and achieve long-term sustainability. By leveraging our bookkeeping services, businesses can streamline financial management, enhance profitability, and gain a competitive edge in the market.
Register your business with the Canada Revenue Agency (CRA) to obtain a Business Number (BN) and set up your corporate tax account, GST/HST account, and payroll account if needed.
01Maintain accurate financial records of all income, expenses, invoices, and receipts throughout the year — this forms the basis for your tax return and deductions.
02Determine your taxable income after allowable deductions such as salaries, rent, utilities, and business expenses.
03File your T2 Corporate Income Tax Return (or T1 for sole proprietors) within six months of your fiscal year-end.
04Keep records for at least six years and be prepared for possible CRA reviews or audits to ensure ongoing compliance and transparency.
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