Behind on Your Taxes? Phoenix Knight Can Help
Our Financial Services
Phoenix Knight offers four main services designed to help your business succeed. Whether you need tax planning help, accounting services, business setup assistance, or CRA support, we have the expertise to help.
Tax Planning & Filing Services
Maximize your savings with professional tax planning and preparation services. Our accountants help small business owners file accurate tax returns with the Canada Revenue Agency (CRA) while finding business tax deductions and credits you might miss.
What We Do:
- Complete tax return preparation for small businesses (See: When are corporate taxes due in Canada?)
- Year-round tax planning to reduce your income tax
- Expertise in high-income tax reduction strategies
- Specialized advice on rental income tax in BC and inheritance tax
- CRA correspondence and audit support
Smart tax planning means keeping more money in your pocket. Our team stays current with Canadian income tax rates and looks for every opportunity to reduce what you owe. For those needing immediate help, we can also discuss instant tax returns in Canada.
Business Incorporation & Startup Services
Start your business the right way with our incorporation and startup services. We handle all the legal paperwork and provide guidance to help new entrepreneurs understand the financial power of incorporation.
What We Do:
- Federal and provincial business incorporation
- Business registration and legal setup
- Help choosing the right business structure
- Business startup planning and strategy
Whether you’re starting a sole proprietorship, partnership, or corporation, we make sure everything is set up correctly. Many owners wonder about the difference between small and large accounting firms when starting out; we provide the personalized touch a growing business needs. Once your business is incorporated, our bookkeeping services help you track income and expenses from day one.
Late Tax Filing & CRA Compliance
Did you miss a tax filing deadline? Don’t worry. We specialize in late tax filing and help small business owners resolve CRA compliance issues.
What We Do:
- Proven late filing solutions for back taxes
- Manage tax filing start and end dates to avoid future penalties
- Handle CRA penalties and represent you in correspondence
- Resolve missed tax deadlines and audit issues
Missing tax deadlines happens to business owners. The Canada Revenue Agency can assess penalties, but we can help minimize those consequences. We’ll get your returns filed and explain the tax refund timeline so you know exactly when to expect your money.
Bookkeeping & Small Business Accounting
Keep your business finances organized with complete bookkeeping and accounting services. We help you understand the cost of a bookkeeper in BC and ensure your records are audit-ready.
What We Do:
- Monthly bookkeeping and financial statement preparation
- Expense tracking and designing deductible expenses
- Guidance on single vs. double-entry bookkeeping
- Cash flow analysis and reporting
Good bookkeeping provides the information you need for tax planning and filing. Many owners aren’t sure of the difference between a bookkeeper and an accountant; at Phoenix Knight, we bridge that gap to provide comprehensive financial oversight.
Why Choose Phoenix Knight Financial Services?
We’re not just another accounting firm. Here’s what makes Phoenix Knight different for Canadian small business owners:
1. Simple, Clear Explanations
We explain tax planning, accounting, and financial concepts in easy language. No confusing jargon. Whether we are discussing probate fees in BC or RRSP deadlines, you will always know what’s happening with your finances.
2. Save Money on Taxes
Smart tax planning reduces what you pay to the government. We find tax deductions for small business owners that you might miss. Our goal is to help you keep more money in your business where it counts.
3. Personal, Dedicated Service
You’re not a number to us. Our accountants understand your business goals and provide customized financial solutions. Learn more about us here.
Our Simple Process
Getting professional accounting and tax help is easier than you think:
- Book Your Free Consultation: Contact us to discuss your business financial needs.
- We Create Your Plan: We review your situation and develop a plan for tax planning, bookkeeping, or incorporation.
- We Handle the Work: Our team completes your tax returns and bookkeeping while keeping you updated.
- You Get Results: Your financial work is complete and compliant with Canadian tax requirements.
Getting Started
Ready for professional financial help? Reach out today to schedule your free financial consultation and experience the Phoenix Knight difference.