Taxation

At KSSP Partners LLP in Markham, helping businesses thrive is our passion. Our Canadian tax experts are ready to provide our clients with tailored solutions to their tax needs. We aim to ensure every task is handled with professionalism and integrity. We approach each complexity with skill and experience to ensure that our clients receive the best possible outcome.

A Team of Canadian Tax Experts: Trust – Integrity – Professionalism

Whether you are an ambitious start-up company with sky-high potential or an established firm with rooted experience, we are proud to work with you. No need to worry about the small accounting details when you could be focusing on your business. Our team of experts at KSSP Partners LLP will handle that for you. Our tax experts are diligent and responsive. We are here to make your tax burdens lighter.

Taxation duties have never been anyone’s favourite subject, but taxes will no longer be an issue with a dedicated team of experts. Canadian tax legislation and regulations are constantly changing. That’s why at KSSP Partners LLP, we stay up to date with the latest developments to help businesses structure their taxes, maximize benefits, and not worry about repercussions. KSSP Partners LLP experts are more than tax specialists. We are community members that care about our clients’ needs, as we believe in establishing a close bond with our clients to help them accomplish their objectives.

Why KSSP Partners LLP in Markham?

Young Yet Versed

Our team is home to over 25 years of tax and accounting knowledge and experience. We are a modern team of accountants offering a friendlier, more efficient, and vibrant service. We approach accounting in a new sophisticated and fun way that will make you enjoy working with us.

We Love Technology

Since technology is our friend, convenience will be yours. We are proud to be the providers of technology-first business tax and bookkeeping solutions for over 450 entrepreneurs. Cloud accounting gives you access to your data anytime and anywhere and will keep your information securely stored. We help make bookkeeping convenient and accessible so that you can focus on what you do best.

We Carry the Burden

Math is our thing! We are ready to assist in making your burdens feel lighter. Bookkeeping, tax returns, HST, payroll… name it, and we will carry it. We enjoy dealing with business tax. We will take the confusion out of developing financial strategies by explaining complexities so that you know exactly what your business needs.

From Markham and Across all of Ontario

We are part of the community and ready to serve. Markham is home, and we are here to make sure this community has the best taxation service possible. While KSSP Partners LLP is based in Markham, in today’s digital age, we have the skills and technology to help clients across the greater Toronto area and all of Ontario. No matter where you are located in the province, you can be confident that our team of professional tax experts will provide you with a thorough and efficient tax assessment experience.

We Do Taxes For Clients Across Ontario

We help our clients maximize profitability and minimize their tax obligations. Every client has unique business needs. That’s why it is essential to understand the client and their goals first. As a fundamental service here at KSSP Partners LLP, we serve our clients as advisors as we help them prepare for their personal taxes and the taxes for their business. We are here to help build a strategic plan to help you understand tax and build your business around it. Your money should be managed by a team that cares, and we care. Every business is subject to paying taxes, but we can help reduce that. We assist our clients in establishing strategic tax plans to achieve what fits them best. We don’t believe in “one size fits all”. We believe in unique strategies tailored for every client. We provide a range of services to our clients in several areas, including:

KSSP Partners LLP experts approach tax planning and tax compliance with professionalism. Our goal is to manage the aspects of tax compliance and attain the best results.

Who’s Taxes?

Our diverse expertise allows us to help our clients focus on their business while taking care of their accounting needs. Tax planning is just one of many burdens that businesses must endure, so why not let us handle it? Our tax experts work on a scope of clients within the, but not limited to, the following industries:

Our Canadian team of tax experts will be by your side. Whether negotiating with the Canada Revenue Agency (CRA) or ensuring you are tax compliant, we have got you covered. We are the tax experts you need to prepare and file your T2 corporate taxes while also utilizing small business deductions. We will also prepare the T2125 statement of business income as part of your personal tax return preparation for sole proprietors. We are here all year long for annual, quarterly and monthly HST return preparation and filling. We also advise on payroll management, including payments to employees and source deduction remittances to the CRA.

Your Canadian Personal Tax

We work closely with our clients to understand what their needs are. We are a proactive firm so expect proactive advice on how to approach your taxes.

At KSSP Partners LLP, our experts will handle your taxes with professionalism and integrity. Drop off your documents, either in person or electronically, and let us take care of the rest. Hiring a KSSP Partners LLP expert will help you maximize your return. We help with:

Tax Planning and Filing

We will conduct an analysis of your financial situation from a tax perspective to ensure tax efficiency and maximize returns. With a proper tax plan, you will be able to maximize your RRSP and TFSA contributions. Give us your documents, and we will make sure that your taxes are filed on time and accurately.

Audits and Appeals

It’s okay to be intimidated after learning you are being audited, but we have got you covered. KSSP Partners LLP experts are knowledgeable and more than capable of helping you understand tax laws and guidelines. We can help make the process feel easy.

Late Filing

Missed the deadline? It happens. We can assess the situation and help you catch up. Missing the tax deadline could result in expensive penalties and interests, but at KSSP Partners LLP, our experts will design a strategy to help you pay the least amount possible.

Foreign Asset Reporting

The Canadian Income Tax Act requires you to report your foreign assets if they surpass the CAD $100,000 threshold. The assets in question could be bank accounts, stocks, bonds, or real estate. With KSSP Partners LLP, we will make sure that you are legally compliant.

RRSP Consultation

When you contribute to your RRSP, that money is tax-exempt if it’s not extracted from the plan. We care about you retiring happily. To help do that, we will design a strategy to assist you in financing your retirement. The sooner you start, the bigger the retirement cheque!

At KSSP Partners LLP, your personal tax preparation and filing is our problem, not yours. We will help you plan for your future while also ensuring that you are compliant with due dates to avoid paying extra fees. We will take the time to understand you and your business’s needs, then tackle your finances to construct a tax plan that will allow you to achieve your financial goals. To learn more about how we can help you with your taxation needs, contact us online or by telephone at 289-554-5997.

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Services

Your Local Small-to-Medium-Sized Business Advisors.

We offer customized service for your specific needs. We will focus on understanding your unique personal and business goals and your industry to ensure we continue to provide the ongoing assistance you require.

At KSSP Partners LLP in Markham, we have a sophisticated knowledge of an expansive variety of national tax issues affecting both individuals and corporations. We provide comprehensive guidance to our clients in several areas, including:

01.

Bookkeeping and Cloud Accounting

At KSSP Partners LLP, our extensive knowledge of the latest cloud-based software allows our innovative accountants to offer a proactive approach to bookkeeping and you, the client, the opportunity to update, maintain and access your business's books in real-time. This gives you the opportunity to immediately identify strengths and weaknesses and adjust your business plans accordingly.
02.

Tax

Canadian tax legislation and regulations evolve frequently and can be challenging for businesses to stay current and compliant with these developments. At KSSP Partners LLP, our team of experienced Canadian tax experts can provide you with tailored solutions to meet all your tax needs. We approach every complexity with skill and experience to ensure our clients receive the best possible outcome.
03.

Advisory Services

Whether an established business, start-up, or entrepreneur, managing your business requires you to juggle various tasks. Everything from budgeting, forecasting, and procuring funds to strategizing and optimizing business processes to save on costs. Let KSSP Partners LLP take on that burden. We understand the challenges of business management, and our Advisory Services will help you realize your financial goals.
04.

Estate Planning

While few people want to consider the necessary steps that need to be in place should the worst happen, planning ahead for any eventuality is an integral component for any business. For the transfer of wealth and ownership of a company to pass smoothly, there must be a plan for succession. The knowledgeable and professional team at KSSP Partners LLP can help you create an estate plan that will ensure a smooth and straightforward succession.
05.

Audit Services

Detailed financial statements are essential to the success of your business. A reflection of your company's financial health, they also aid in making informed monetary decisions. Errors can result in expensive consequences. Let the capable and experienced team at KSSP Partners LLP help. We can review your business's internal controls and provide actionable suggestions to ensure strict regulatory compliance and the seamless functioning of your business.
06.

Business Succession

Whether your business is just starting out, firmly established, or you are ready to begin winding your business down, a concise plan for what happens to your company when you are either no longer willing or able to operate it is a crucial element for any successful business. That’s why developing a comprehensive business succession strategy is essential to ensuring a smooth transition of ownership.