GST Filing & Audits
Small Business GST Filing & Audits
Navigating GST regulations can be complex, but KV & Associates is here to simplify the process. Our expertise in bookkeeping ensures accuracy and compliance, giving you peace of mind.
Not sure if you need to charge GST? Confused about exemptions? We provide clear guidance and efficient solutions to help your business stay compliant while saving time and costs.
Let us handle the details so you can focus on what you do best.
What is GST?
In Canada, there are two types of sales tax: provincial sales tax and the Goods and Services Tax (GST). Alberta does not collect provincial sales tax. GST is a value-added tax currently set at 5%. When purchasing goods or services, taxpayers pay GST. When selling, businesses collect GST from buyers.
You must register for GST if:
- You make taxable sales, leases, or supplies in Canada.
- You are not considered a small supplier, which is a business with taxable sales under $30,000 in the last four consecutive quarters.
If your business exceeds this threshold or you're unsure about your eligibility, our accountants are here to assist you with the registration process.
GST Advisory
We provide clear, up-to-date guidance tailored to your business, ensuring you stay informed about legislative changes and their impact. Our trusted advisory services simplify the filing process, giving you confidence and peace of mind.
Starting a New Business
We help you develop a clear and efficient GST plan tailored to your business. After a simple online registration, you’ll be ready to start collecting and remitting GST. We provide expert consultation on your GST filings, ensuring your business is tax-season ready and fully compliant.
GST Audits
A GST audit reviews your records and returns to verify the accuracy of taxes paid and refunds claimed. If the CRA selects your business for an audit, it can be stressful. KV & Associates is here to guide you through the process, offering expert support and ensuring a smooth experience.
