Accounting & Tax

Calculating your income tax can be one of the most complicated things that you need to do as a business owner. We work with our clients to minimize their tax bill and audit-proof their accounting records for Revenue Canada. Our team members are trained not to ignore even the smallest deduction. Often times there are more than one method of preparing a tax return or taking certain deductions, we are committed to evaluating each method and selecting the most beneficial one for our clients.

Financial Statements: we compile and prepare financial statements in Notice-to-Reader format for privately held corporations

Personal tax returns: for individuals, self-employed, commissioned salespersons, sole proprietors or business partnership.

Corporate tax returns: for small and medium size businesses, family-owned businesses, professionals, and other corporations.

SR&ED Tax Credits: if your company is developing a new product, improving an existing product, redesign your production methods, or reduce the environmental impact of your manufacturing process you may qualify for generous tax refunds!

Tax Planning: all family-owned businesses and corporations are faced with the issue of how much you should pay yourself to minimize the impact of tax. At Galloway Consulting Group we are familiar with a number of methods of increasing your bottom-line while lowering your pay-out of capital taxes, payroll taxes, and taxes on investments. Let us show you how to lower your tax bill.

Call us to discuss your Personal & Corporate tax needs - (416) 803-5638.