Corporate tax is a levy which is levied on all the revenue and profit which is generated by a firm. For every level of profit earned by a company, the rate is different. These taxes on the profit of an organization are calculated during a taxable period. During this period, the tax laws are applied to the core revenue of the company and the core revenue is calculated the SG&A and COGS have been deducted or removed from the profit. Here are some key points to remember while considering corporate tax.
With the conditions and regulation put in place by the authorities, there could arise a lot of complications when it comes to realizing the amount of tax a corporation has to pay. Many companies and smaller organizations tend to lose a lot of money on corporate taxes and tax evasion is a felony.
Yogi Tax Accountants have been in the business of making the tax paying lives easier for our customers easier for the better part of two decades. Many corporations and companies have laid their trust in us to make sure that there are no discrepancies that could harm the company in the short or long run. We take care of our customers’ needs and corporate tax in GTA is our speciality.
Contact us for a full quote and breakdown for our services and experience for yourself what the thousands of our customers are so satisfied about. You tax paying lives will never be the same!