Personal tax helps fund programs and services like medicare, schools, etc. We work closely with our clients to figure out their specific needs and adjust our strategies accordingly. Our Saugatax professionals help to drive efficiencies for both business & personal integration services.
Our complete range of personal tax services are:
- Personal Income Tax (T1)
- Self-employment/ Sole Proprietor
- Rental Income
- Employment Expenses Claim
- Capital Gains
- Disability Tax Credit
- Death/Final Returns
- Sale/Purchase of New Homes
- USA Tax Filing
- Earlier Years
- T1 Adjustments
Business Tax Filing
Saugatax strictly follows the best business process plan to gain better refunds and fewer tax liabilities. Usually, we take very minimal time to file an income tax return for any businesses and make sure that it remains flexible under the Income Tax Act and Rules.
The comprehensive tax filing services consist of:
- Sole Proprietorship
- Employment Expenses
- Uber/ Lyft
- Rental Income
Our consultants co-ordinate with clients to analyze and streamline practical approaches to corporate tax concerns. Saugatax corporate services are especially valuable to corporations and tax departments. We offer a single platform solution & market’s entity-driven to enhance performance across the corporate tax life cycle.
Few of our corporate services:
- Income Tax Filing
- GST/HST Filing Services
- Payroll Management
Accounting & Book Keeping
Saugatax offers timely, cost-effective, scalable accounting and book keeping solutions customized for clients according to their unique requirements. All the services are well-structured and quickly help the corporates to streamline their core business operations than for unnecessary tasks.
Some of our accounting services offered and reports generated includes:
- Book Keeping (monthly, quarterly and annual transactions recording)
- Corporate Year-End Preparation
- Financial Statement Preparation
- Government Remittances (HST, GST, PST, WSIB, Payroll remittance, T5)
- Payroll, T4, T4 Summary
- Incorporation (Business Registration)
Business Development & Other Services
Saugatax holds a team of analytical, experienced & subject matter experts and ambitious minded business developers to solve any complicated business problems. Generally, we craft and implement business solutions for our clients with the ultimate outcomes. By using all these strategies, we empower & enlighten any innovative business management solutions. So, outsource to us and stay ahead freely.
Various business development services offered by Saugatax includes:
- U.S Tax Filing
- Mortgage Services
- Insurance Services
- CRA Dispute Resolution
Canadian businesses, non-profit organizations, or charities who are all faced the drop in revenue because of the COVID-19 Pandemic could also be eligible for a subsidy to cover a part of their commercial rent or property expenses. The Canada Emergency Rent Subsidy (CERS) program, will start the subsidy on September 27, 2020, to June 2021. The fixed property expenses, including rent and interest on commercial mortgages, are also be covered through this program. According to the revenue, losses the subsidy amount will differ. A revenue loss of fifty percent compared to pre-pandemic levels would qualify a business for a subsidy of 40 percent of eligible expenses, consistent with the Canadian Federation of Independent Business (CFIB).
Canadian employer who has seen a drop in revenue because of the COVID-19 pandemic could also be eligible for a subsidy to hide a part of your employee wages, retroactive to March 15, 2020. This subsidy runs, until June 2021 through Canada Emergency Wage Subsidy (CEWS), program.
CEBA loan program
Canada Emergency Business Account (CEBA) offers loans up to $60,000 to small businesses and non-profit organizations for interest-free. As of December 4, 2020, CEBA loans for eligible businesses will be increased from $40,000 to $60,000. The Businesses that have already received the $40,000 can also apply for the $20,000 expansion on the CEBA loan. This helps for getting an extra $20,000 in financing. Till March 31, 2021, all businesses can apply for a $60,000 CEBA loan or the $20,000 expansion.