It’s a tale as old as time.
Business owners often wear too many hats and get bogged down by complicated tasks that prevent them from doing what they do best – running and growing their business.
But when it comes to taxes, confusion can be replaced with clarity and peace of mind with TurboTax Business—Canada’s new solution for incorporated business owners who want to file with confidence.
TurboTax Business gives small business owners stress-free control over filing with expert guidance and a flat price. Photo via Intuit TurboTax
Affordable, expert-assisted tax filing for businesses
Get unlimited expert guidance while you prepare and file your T2 corporate tax return for one cost-effective, flat price.
“TurboTax Business eliminates the unpredictable and often significant costs associated with traditional tax filing services,” says TurboTax spokesperson and tax expert Stefanie Ricchio. “Business owners who find managing their incorporated business taxes overwhelming are empowered to take control of their taxes with confidence, with expert support while they file to help them do so confidently.”
TurboTax Business experts help you ensure your incorporated business taxes are accurate and compliant with CRA regulations. They can also help maximize your credits and deductions, so you can keep more money in your business.
Tips to smoothly file your incorporated business taxes
- Keep your books organized year-round: Collect your income statement, balance sheet, cash flow statement and all expense receipts for the year. TurboTax Business prompts you to input and categorize this information so nothing’s missed.
- Track and categorize all of your eligible business expenses: Whether it’s meals and entertainment, office supplies or consulting costs, keeping organized records helps you make sure you’re claiming every eligible deduction. TurboTax Business helps you uncover the deductions that you’re eligible for.
- Take advantage of tax deductions and credits: It’s common to miss items including capital cost allowance (CCA) for business assets, Scientific Research and Experimental Development (SR&ED) tax credits and the apprenticeship job creation tax credit. TurboTax Business helps you maximize your credits and deductions and keep more money in your business.
- Carry forward business losses: Non-capital losses from tough years can be applied to past or future profitable years to lower your tax bill. TurboTax Business keeps track of it all so you can apply losses strategically.
- Complete all required CRA schedules: Whether it’s schedule 8 (CCA), schedule 50 (shareholder information) or schedule 125 (income statement summary) to ensure you’re filing accurately and in compliance with the CRA.
Unlimited expert tax help while you file your incorporated taxes with TurboTax Business. Photo via Intuit TurboTax
Tax help on demand
Get started by signing up and answering a few short questions about your business. As you work through your return, you can connect with a TurboTax Business tax expert on demand. You can ask a tax expert as many questions as you want at no extra cost. Just by booking a call, any time between 9 a.m. and 6 p.m. EST from Monday to Friday. Before you file, an expert will review your return with you to ensure everything is accurate and you’re filing confidently.
Drop the hourly rate and get the guidance you need to confidently file for incorporated business taxes, all within your budget. Time is money, so get the help you need to get back to doing what you love.
Ready to file with confidence? Visit TurboTax to get started.
