Errors committed in conjunction with GST, HST, and other taxes can prove costly for your company, in terms of both penalities and interest. The tax professionals at Philip Ratté CPA draw on their knowledge of tax laws and rates to ensure our clients avoid tax claims .
Our team diligently ensures that consumption tax management systems are compliant and that reports are produced and filed in a timely manner to avoid incurring penalities or interest payments. We also work to optimize claims for input tax credits.
SCIENTIFIC RESEARCH AND EXPERIMENTAL DEVELOPMENT (SR and ED)
Many small- and medium-sized companies develop new products or processes in order to become more competitive, improve their product offerings or reduce production costs. Some of these activities may be eligible for the Scientific Research and Experimental Development Tax Incentive Program.
At Philip Ratté CPA, we know how to make the most of the tax credits, subsidies, and venture capital or potential financing that may be available for your SR and ED activities. In addition, our accounting office can assist you in preparing projects that require a tax planning component and a realistic and thorough completion schedule.