Business Details
Your Trusted Tax Consultants in Penticton
At Preferred Tax Services, we bring over 30 years of combined expertise in tax consulting and bookkeeping to help individuals and businesses navigate complex financial obligations. Our team of seasoned professionals specializes in resolving Canada Revenue Agency (CRA) inquiries, including GST, payroll taxes, and audit support, while prioritizing clear communication and client education. We serve Penticton residents with personalized solutions for personal tax returns, RRSP planning, capital gains reporting, and trust returns, alongside comprehensive bookkeeping services covering payroll, financial statements, and GST reporting. Our commitment to staying current with evolving tax regulations ensures clients receive accurate, up-to-date guidance.We pride ourselves on creating a welcoming environment where clients feel respected and empowered to make informed financial decisions. Whether addressing corporate year-end requirements or assisting seniors with Service Canada forms, our approach combines technical proficiency with compassionate service. As a locally rooted firm, we understand the unique needs of Penticton businesses and residents, offering mobile bookkeeping and specialized support for truck drivers, apprentices, and self-employed professionals. Our track record of resolving tax disputes and optimizing financial strategies reflects our dedication to client success.
Services
Personal Tax Returns
Bookkeeping Services
Payroll Processing
GST Reporting
RRSP Planning
Capital Gains Reporting
Trust Returns
Audit Support
Senior Tax Assistance
Mobile Bookkeeping
Highlights and features
- We offer 30+ years of combined tax consulting experience
- Our team specializes in CRA audit and GST reporting support
- We provide personalized tax planning for seniors and students
- We handle complex bookkeeping including payroll and WCB reporting
- Our mobile services accommodate self-employed professionals and businesses
Services
Personal Tax Returns
We prepare comprehensive personal tax returns for residents, seniors, and students. Our service includes handling capital gains, foreign income, and final returns for deceased individuals. We specialize in resolving CRA compliance issues while ensuring maximum refunds through accurate reporting of employment expenses and trust returns.
Bookkeeping Services
Our bookkeeping solutions cover day-to-day accounting, payroll processing, and GST reporting. We manage accounts payable/receivable, financial statements up to trial balance, and specialized reporting for PST and WCB. Mobile services support businesses requiring on-site financial management assistance.
Audit Support
We provide expert representation during CRA audits, focusing on GST, payroll tax, and compliance issues. Our team prepares documentation, responds to agency inquiries, and develops strategies to resolve disputes while minimizing financial exposure for individuals and businesses.
Senior Tax Assistance
We assist seniors with Service Canada forms for address changes and guaranteed income supplements. Our staff helps complete applications for medical service premium assistance while explaining tax implications in clear, accessible language tailored to retirement financial planning.
RRSP Planning
We offer strategic RRSP planning to optimize tax deductions and retirement savings. Our consultants analyze individual financial situations to recommend appropriate contribution amounts and investment options aligned with long-term financial goals and current tax regulations.
Questions
What tax services do you offer for individuals?
We prepare personal tax returns including RRSP planning, capital gains reporting, foreign income declarations, and final returns for deceased individuals.
Do you handle business tax requirements?
Yes, we provide corporate tax returns, payroll tax reporting, GST/HST filings, and financial statements preparation for businesses of all sizes.
Can you assist with CRA audit representation?
Our team specializes in CRA audit support, including documentation preparation, compliance reviews, and dispute resolution for tax-related inquiries.
Do you offer bookkeeping services for small businesses?
We provide comprehensive bookkeeping including accounts payable/receivable, payroll processing, and monthly financial statements tailored to small business needs.
Are there specialized services for senior citizens?
Yes, we help seniors with Service Canada forms, guaranteed income supplement applications, and medical service premium assistance filings.
What areas do you serve?
We primarily serve Penticton and surrounding areas, with mobile bookkeeping services available for local businesses.
