Tax Planning Services & Preparation
Prasad & Company LLP stays up-to-date with the ever-changing tax law and is able to offer a proactive approach and work closely on tax risks for clients. Prasad & Company LLP is proud to provide safe and reliable solutions for your tax problems. The firm is constantly looking to find solutions and develop strategies that will work for current and future tax systems.
Prasad & Company LLP offers expert advice on Canadian tax compliance, U.S. and international taxation, and Canadian tax planning. We represent clients during tax audits by working with taxation authorities, representing clients who are contesting unfair assessments by a taxation authority and submitting voluntary disclosures.
Our clients include small businesses, corporations, and high-income earners. Offering deep subject matter expertise and seasoned knowledge of taxation law, we work with clients to implement tailored tax programs and facilitate corporate restructurings that improve tax efficiency and help companies realize more excellent value from their businesses while managing risk and meeting their personal goals.
Our dedicated tax team has helped clients navigate complex tax landscapes within Canada and internationally and develop effective tax strategies and solutions that work for them and/or their business – both now and in the future.
What are the benefits of tax planning services?
Minimize your tax burden
A well-structured tax strategy can reduce overall liabilities in income tax, capital gains tax, and wealth tax, amongst other tax savings, gained on investments with the lower tax rate, inheritances, and pensions.
Reinvestment
Reducing tax liabilities directly impacts the bottom line, which can then be reinvested into the business and/or pursue other growth opportunities. For individuals, a lower tax liability can translate into new investment opportunities to build wealth.
Mitigate uncertainty
By helping entrepreneurs understand taxation structures and regulations, we take unnecessary stress out of the process to ensure that decisions are made based on accurate facts and data.
Tax Planning Services for Companies we provide
Corporate tax planning services
While most for-profit corporations are subjected to taxation, a proper tax strategy can often significantly reduce tax amounts owing. Prasad & Company LLP offers high-quality financial planning and tax services to help companies grow their equity sustainably and gain more tax benefits. We also proactively keep clients updated on changing tax legislation to help them understand and plan for the impacts on your business.
Tax Strategies for high-income earners
We assist high-income earners with personal tax planning strategies and tax-efficient financial planning to deliver savings that enhance long-term wealth growth. Our experts are adept at reviewing current tax strategies and historical returns to ensure that clients pay only the appropriate amount of tax they owe.
Tax planning services for small businesses
Business tax planning is a continuous process that should be visited more than just at the end of each year and during the tax season. Through our extensive history of working with small business owners, we help clients capitalize on the various deductions, credits, and provisions that are legally available to them to reduce tax liabilities at year-end.
Offshore tax planning services
As Canadian companies expand across global markets, the taxation laws and policies they are subjected to get increasingly complex. From providing advice on optimal jurisdictions to analyzing the effects of various international structures, Prasad & Company LLP helps clients develop seamless, cost-effective global tax planning strategies to support expansion.
Estate tax planning
Our team of accountants is trained in helping clients draft wills, name an executor that will carry out related duties, and establish trust accounts for beneficiaries to ensure that inheritances are appropriately transferred to family or trustees in the event of a death.
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