LITTLE ABOUT
Welcome to
RESHMA SHARMA, CPA Professional Corporation
RESHMA SHARMA, CPA – Founder
Led by Reshma Sharma, CPA, CGA, CPA (U.S.), we are a tax advisor and accounting firm Brampton where you are treated with utmost care, attention to details, and professionalism.
We cater to healthcare professionals such as doctors, dentists, veterinarians, business owners, start-ups, and small to mid-sized companies in Ontario, tailoring our services to suit your needs.
Controllership Services
Our controllership services are specially crafted to cater to the needs of budding businesses..
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Business Advisory
Our experienced advisors work together with the clients to help determine key issues..
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Why Choose RSCPA Firm as your
Expert Tax Accountant in Brampton & GTA
At our Accounting firm, we believe in building strong partnerships with our clients. We go beyond simply being accountants; we strive to be trusted advisors who understand your unique circumstances, financial goals, and business aspirations. As Brampton-based CPAs and tax accountants, we recognize that in-depth client understanding is key to maximizing your financial well-being.
Through active listening and collaboration, we develop customized strategies to add value to your business and support your personal wealth creation. Our commitment to clear communication, transparent pricing, and staying current on Canadian tax laws fosters long-term client relationships built on trust and satisfaction. This is reflected in our clients’ loyalty – many choose to stay with us for years to come.
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What Client Says About RSCPA Tax Accountant
FAQs
When does tax filing start 2024? Tax filing for Canadians in 2024 actually started earlier this year on February 19, 2024. This is the date the Canada Revenue Agency (CRA) opened their NETFILE service for electronic submissions. Even though you could file earlier, the deadline to file your return depends on your situation:
Tax filing deadline 2024
- Most Canadians: For most individual taxpayers, the deadline to file a tax return for 2023 is April 30, 2024. This is also the deadline for payment if you owe money to the CRA.
- Self-employed: If you or your spouse or common-law partner are self-employed, the deadline to file your tax return is June 17, 2024.
(Since June 15th falls on a Saturday this year, the Canada Revenue Agency (CRA) will consider your return filed on time if they receive it or it is postmarked on or before the next business day, June 17th, 2024.) However, even with this later filing deadline, any balance owing is still due by April 30, 2024 to avoid interest charges.
Yes, you can lower your tax liability through various means such as deductions, credits, investments, and tax planning strategies.
Students, may be able to claim some of their tuition expenses when they do their taxes! Find out if you’re eligible for a tuition tax credit https://t.co/idiwUaLrd6
Professional tax accountant in Brampton or surrounding areas, can save you time, money, and stress by ensuring accurate tax filing and maximizing your return.
You’re right, there are indeed new tax filing requirements for Canadians in 2024. These changes are focused on improving transparency and reducing tax evasion. The main point (concerns) trusts.
Here’s the gist of it:
Trusts now need to file annual tax returns: Previously, trusts weren’t always required to file tax returns. Now, they are required to file a T3 Trust Income Tax and Information Return each year.
Disclosure of beneficiaries: The new rules require trusts to disclose information about their beneficiaries on the tax return. This increases transparency.
If you’re unsure whether these changes apply to you, it’s best to consult a tax professional. They can help you determine your filing obligations and ensure you’re compliant with the latest regulations.
Yes there certain tax changes in CPP, RRSP and TFSA contribution limit. It’s advisable to follow CRA or a consult tax professional for the latest information on any changes to these programs.
An audit involves reviewing your business’s financial records. When the IRS conducts an audit, they examine your records to identify any inconsistencies in your books. Undergoing an audit doesn’t automatically imply wrongdoing. The IRS may randomly select a business for audit, or if a small business’s tax returns raise suspicion, they may initiate an audit.
The choice between cash-basis and accrual accounting depends on your business needs, size, and regulatory requirements.
The cost of bookkeeping and accounting services for a small business in Brampton, Oakville, Toronto etc can vary depending on factors such as the complexity of your finances, the volume of transactions, and the specific services needed. Generally, prices may range from a few hundred to several thousand dollars per year. It’s best to consult with accounting professionals for accurate quotes tailored to your business’s needs.
The cost of bookkeeping services in Mississauga or surrounding areas can vary based on factors such as the complexity of your finances, the volume of transactions, and the specific services required. Generally, prices can charge per hour, or a monthly fee ranging from a few hundred to several thousand dollars, depending on the scope of work. It’s best to contact RSCPA bookkeeping firms for accurate quotes tailored to your business needs.