Richmond Hill Accounting Company/Firm, RC Financial Group specializes in Accounting, Taxation, Investments, Business Consulting, Commodities Trading, US Taxation, and IRS Representation. Richmond Hill Accountant is here to assist you with your personal accounting, small business accounting, and other financial needs.
What services do we offer?
- Tax accounting
- Tax function performance
- Tax risk
At RC Financial Group, we offer Personal and Corporate Income Taxes, Corporate and International tax services. We understand taxes can sometimes get costly; our mission is to assist you in minimizing taxes.
We want to help you achieve your financial goals. We understand the importance of financial Statements and how their figures impact your daily operations. We strive for perfection and work with compliance of Canada Revenue Agency, Service Ontario and the Government of Canada Services.
Tax laws today are considered to be among the most complicated, and many citizens find them so confusing that they don’t even know where to begin. It usually means that filing what should be a relatively simple tax return, becomes a real headache that most would rather not deal with. This can be even more problematic and time-consuming for business owners, and it’s safe to say that most feel hiring the services of a professional tax accountant, relieves them of all of the unnecessary stress and unwanted penalties which can often be incurred when not adhering to strict tax legislation.
Of course, taxpayers of all types can benefit from hiring a tax accountant, but if you’re running a profitable business, you’ll know that taxes can represent a significant cost to both you and your business. Noncompliance of tax legislation can lead to costly penalties; not only adding unnecessary stress to you as a business owner but potentially to your company and its profit margins, too.
There are many phases of accounting that help to produce accurate Financial Statements. Our qualified bookkeepers perform a transaction in purchases, sales, receipts, payments for individuals or organizations.
- Faster decision making
- A more efficient record keeping
- The tax based accounting system gives the strength of a better budget
- It offers a bright idea about their profits and losses
Tax preparation Richmond Hill offers onsite and offsite bookkeeping services as well as training/services in Quick Books. We are also knowledgeable in financial audits. Our Accountants believe that auditing is a vital part of accounting. We assist businesses in understanding audits and their purpose.
RC Financial Group places a strong emphasis on ensuring that our staff adheres to generally accepted financial reporting standards placed by the governing body of that region such as Accounting Standards for Private Enterprise (ASPE), International Financial Reporting Standards (IFRS).
Taxes Richmond Hill also offers payroll services with CRA Remittance, If the need arise or if you require CRA representation due to any kind of accounting or tax matters.
Most professionals offering this service can work with you over the phone, freeing up more of your time to continue running your business, and they will be able to assist even if you have left things to the last minute, as many do! They are known to use plain English, rather than jargon (which can often be intimidating for those who don’t have an intimate knowledge of the tax system), and they will know precisely what information they want you to provide.
It is highly essential to hire someone who is not only a professional but who is also reputable. A tax accountant has to deal with two fronts, your company, and the IRS. If you have a skilled tax accountant, he can appease both sides. However, the person you choose is not reputable you may find that he will use unethical or even illegal means. Is saving a little bit of money through such means worth heavy fine or even jail time?
There are a few variables to look at when you choose to employ a tax accountant.
Understanding What You Require – Look for a specialist who knows the type of tax laws you will be facing. There is not a single person who has an encyclopedic knowledge of everything, so look for a tax accountant who has been in companies of similar size and business type. However, if you are merely looking for some for personal use, there are those who work on laws that pertain to individuals.
Remaining Reputable – You can find out a lot about a tax accountant through those he has worked for in the past. It would be a smart choice to ask for credentials and their previous employers. If the people you contact express contentment with him, you can be sure that he is reputable.
Staying Current – Look for someone who wants to stay current and up to date on the newest tax laws that have been put into effect, so that they do not help you accidentally break the law through ignorance. There may be loopholes they think they know that does not exist anymore.
Few Other Services are :
- Accounting Services
- Audits, Reviews, and Compilations
- Cash Flow & Budgeting Analysis
We offer tax consulting and guide you through the necessary processes involved to resolve any kind of matters. RC Financial Group can aid you in difficult, complicated tax problems with arrear taxes owing or any other kind of tax issues that arise.
Tax return Richmond Hill business consulting for businesses looking to expand and need an accountant to help guide them with the processes involved in making the right decisions at the right time financially.
Richmond Hill Accounting Firm offers to audit for its clients locally and internationally our team of qualified Accountants travel on site to service our clientele all around the globe.
Auditing is an essential accounting tool which aids the client to ensure that their business is running smoothly and does not lack any operational efficiencies and ensures the financial viability of the long-term growth of a business.
Our goal is to maximize the rate of return on your investment and to be continuously aware of short-term and long-term financial goals. We will guide you through the process and ensure that you have a complete understanding of your investment decisions.
Richmond Hill RC Financial Group offers business consulting using marketing strategies, IT services, Financial Statement Analysis, Risk Management, Fraud Detection, startup assistance, internal records analysis, Benchmarking, business valuation, forensic accounting. Since we understand numbers and have the ability to forecast challenges that affect your business growth.
Of course, accountants are usually great for tax time. It can be confusing to determine what you owe the government, as well as which deductions you can take and what kind of supporting documents you need. You can have all your paperwork in order throughout the year when you hire some help, allowing you to feel the relief of being prepared to file long before the deadline. It should take off a lot of pressure, and will also let you get all the deductions and credits to which you are entitled as a business owner. For these reasons, your money is well spent when you use an accounting service before tax time.
Some company owners put off hiring an accountant because they want to save money, but this usually ends up costing more. Consider this when trying to collect funds by doing it all on your own. Also, remember that having the help of a professional can relieve a lot of pressure, giving you peace of mind that your finances are in order year round.