Edmonton Accounting Firm with office in Sherwood Park Alberta, serving our customers across North, South, East and West Edmonton, St. Alberta, Sherwood Park, all surrounding areas towns and cities around Edmonton. BOMCAS LTD Accounting providing Personal & Corporate Tax, Payroll and Bookkeeping Specialists services. Our customer happiness is our number one priority. We do our best in ensuring that they are always happy with our service and delivery cost. We are also Edmonton small business accountant. Serving Edmonton with Bookkeeping services, Personal Tax Services, Corporate Tax Services Primarily towards small and medium business in Edmonton Alberta and Sherwood Park.
The GIFI codes identify items that are usually found on a corporation's financial statement (balance sheets, income statements, and statements of retained earnings). Each item is assigned its own unique code. This allows us to collect financial statement information in a standardized format. For example, the item "Cash" is assigned code 1001 and "Office expenses" is assigned code […]
In-person support to help you save time and money The Canada Revenue Agency (CRA) offers free one-on-one visits or group seminars for small businesses and self-employed individuals across Canada through its Liaison Officer service. During a visit or seminar, the liaison officer will: help you better understand your tax obligations and possible tax deductions show […]
In the vibrant business landscape of Edmonton, small enterprises play a crucial role in driving the local economy. As a small business owner in this dynamic city, efficient financial management is paramount to your success. This is where the expertise of a skilled Small Business Accountant in Edmonton, like Bomcas Edmonton Tax Services, comes into […]
Services and information Trust Income Tax Return Determine whether a trust should file a Trust Income Tax Return (T3), and where and when to a file a T3. Trust Information returns – slips and summaries Determine when a trust has to complete and distribute T3 slips, filing methods for T3 slips, and due dates. Trust […]
Services and information Corporation income tax overview Summary of corporation tax rates, provincial and territorial corporation tax, and tax credits. Corporation tax rates Get federal, provincial, or territorial rates, and learn when to apply the lower or higher rate. Provincial and territorial corporation tax What's new for corporations, reporting tax and claiming credits, and related […]
Services and information Doing your taxes This page sets out everything you need to know to do your taxes. Your tax obligations Determine your tax obligations and whether you need to file a tax return. Tax slips Review the slips you may receive from your employer, payer, or administrator. Personal income Determine what has to […]
On this page: Accrual method Cash method Changing your method of reporting income Farmers, fishers, and self-employed commission agents can use the cash method or the accrual method to report income. All other self-employment income must be reported using the accrual method. Note for professionals If you currently carry on a designated professional business and use […]
The amount of income tax you pay depends on how much money you earned in the past year minus any deductions and credits. Your income tax rate is based on a combination of federal and provincial tax rates. Most 2019 tax returns should be filed by April 30, 2020. If you are filing for a previous year, […]
The Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as a result of the global COVID-19 outbreak. On this page Support for individuals Support for businesses Support for sectors Support for individuals Individuals and families Temporary salary top-up for low-income essential workersWe will work with provinces […]
The Canada Emergency Response Benefit (CERB) gives financial support to employed and self-employed Canadians who are directly affected by COVID-19. If you are eligible, you can receive $2,000 for a 4-week period (the same as $500 a week). If your situation continues past 4 weeks, you will need to apply for the CERB again. You […]
