Accounting, Bookkeeping and Income Tax Services

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Aurora Income Tax

Aurora Accountants Accounting Services in Newmarket Aurora Bakhsh & Associates Bookkeeping ServicesBakhsh & Associates Inc. gives Aurora businesses the opportunity to spend their time taking care of their service delivery while we take care of their administration.

We bring years of experience in the income tax preparation, accounting and bookkeeping profession. We

Bakhsh & Associates Inc. offers Aurora businesses and entrepreneurs a wide range of accounting services.

If you are an Aurora based business looking for professional, accurate and timely accounting services, we would be happy to discuss your needs. Give us a call today!

What is Income Tax?

Source: Wikipedia

An income tax is a government levy (tax) imposed on individuals or entities (taxpayers) that varies with the income or profits (taxable income) of the taxpayer. Details vary widely by jurisdiction. Many jurisdictions refer to income tax on business entities as companies tax or corporation tax. Partnerships generally are not taxed; rather, the partners are taxed on their share of partnership items. Tax may be imposed by both a country and subdivisions thereof. Most jurisdictions exempt locally organized charitable organizations from tax.

Income tax generally is computed as the product of a tax rate times taxable income. The tax rate may increase as taxable income increases (referred to as graduated rates). Tax rates may vary by type or characteristics of the taxpayer. Capital gains may be taxed at different rates than other income. Credits of various sorts may be allowed that reduce tax. Some jurisdictions impose the higher of an income tax or a tax on an alternative base or measure of income.

 

We proudly provide income tax services to these Aurora Area Businesses

 

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