GST/HST

Navigate the Complexities of GST/HST with SKT Accounting

Managing your Goods and Services Tax (GST) and Harmonized Sales Tax (HST) obligations can be a daunting task for individuals and businesses. At SKT Accounting, we simplify this process, ensuring you remain compliant while minimizing tax liabilities. Our tailored GST/HST services cater to your unique financial needs, helping you focus on what matters most—growing your business or managing your personal finances.

What is GST/HST?

GST and HST are value-added taxes applied to most goods and services sold in Canada. The GST is federally mandated, while the HST combines federal and provincial taxes in participating provinces. Understanding how these taxes apply to your specific transactions is critical to avoiding penalties and maximizing potential credits.

Our GST/HST Services Include:

1. Registration and Setup

Guidance on whether you need to register for GST/HST.
Assistance in registering your business for GST/HST with the Canada Revenue Agency (CRA).

2. Filing and Reporting

Preparation and filing of accurate GST/HST returns on time.
Calculation of Input Tax Credits (ITCs) to reduce your payable tax amount.

3. Compliance Reviews

Ensuring that your GST/HST processes comply with current tax laws and regulations.
Identifying potential areas of non-compliance to avoid penalties or audits.

4. Tax Optimization Strategies

Advice on how to structure your transactions to minimize GST/HST liabilities.
Implementation of best practices for managing tax collection, remittance, and reporting.

5. Audit Support and Representation

Assistance in responding to CRA audits, reviews, or inquiries related to GST/HST.
Representation during CRA audits to protect your interests.

Why Work with Me?

Expertise: Our team stays up-to-date on the latest GST/HST regulations, ensuring you receive accurate and current advice.
Tailored Solutions: Whether you’re a small business, a freelancer, or a corporation, we adapt our services to meet your needs.
Time and Cost Savings: By outsourcing your GST/HST management to us, you save valuable time and avoid costly mistakes.

Start Simplifying Your GST/HST Today

Don’t let the complexities of GST/HST slow you down. Let SKT Accounting handle the details while you focus on achieving your financial goals.

Contact us now for expert assistance with GST/HST registration, filing, and compliance. Your peace of mind is our priority.