Whether your business is a sole proprietorship, a partnership, or an incorporated company, POM Accounting ensures your tax return is filed correctly and on time.
If your business is a sole proprietorship or partnership, your business income is reported on your T1 personal income tax return.
Your small business is, legally speaking, you — so the T1 income tax package includes Form T2125 (Statement of Business or Professional Activities), which we prepare to accurately report your business income.
If your small business is incorporated, your business income is reported on a T2 corporate income tax return. Legally, your corporation is a separate entity, and it must complete and file its own Canadian income tax return.
Note that as the owner, you'll also need to complete and file your own separate T1 personal income tax return — we can help with both, in coordination.
Whatever your business structure, we'll make sure your return is filed correctly with the CRA — on time, every time.
