HST Filing for Businesses
Many self-employed businesses and corporations are misunderstood about HST collecting and HST filing. Many questions come up like;
Our corporate accounting packages are customizable and include all of the essential business financial requirements such as;
- Do I have to collect HST?
- How much HST do I have to remit?
- What happens if I spend all of my HST collected
- When do I send in HST
- And more...
In the early stages of business, HST to actually mean money back in your pocket, and that is because businesses are not required to pay HST on items used for business. Many businesses simply collect HST and remit 100% of what was collected, missing out on hundreds of dollars that could come back to you.
There are 3 options businesses have for remitting HST to the CRA:
Monthly is reserved for very large corporations with very high gross sales. Annually is the most common for smaller businesses and self-employed individuals. Quarterly HST filing is the best option for cash-flow and for most levels of businesses.
We help our accounting clients get the most back in HST or pay less in HST remittance through detailed financial records keeping and reporting. Many businesses are over paying and losing hundreds of dollars in HST, to poorly managed bookkeeping.
We can help your business save hundreds of dollars through proper HST calculations and HST filing, which is a direct result from high quality bookkeeping.
Contact us today by phone or email, if your business is required to collect and remit HST, and we could save you hundreds of dollars and get your business on the right track.