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Tax Compliance
North America

Elevate your business success in North America with our premier Corporate Tax Services tailored for the USA and Canada. At Wellspring, we specialize in optimizing your tax strategy to maximize savings and ensure compliance with the ever-evolving tax laws in both countries. Our experienced team offers comprehensive tax planning, preparation, and advisory services, helping you navigate the complexities of cross-border taxation and minimize liabilities. Whether you're a multinational corporation or a local business expanding into North America, trust us to streamline your tax processes and unlock opportunities for growth. Partner with us today and experience the confidence that comes with expert corporate tax services in the USA and Canada.

Comprehensive suite of tax services tailored for you!

Les us handle the complexity while you manage your business.

  1. Tax Planning: Strategic planning to optimize tax efficiency, minimize liabilities, and maximize savings for individuals and businesses.

  2. Tax Preparation: Expert preparation and filing of federal, state, provincial, and local income tax returns for individuals, corporations, partnerships, and trusts.

  3. Tax Compliance: Ensuring compliance with all relevant tax laws, regulations, and filing requirements to avoid penalties and audits.

  4. Tax Advisory: Professional advice on tax implications for various financial decisions, transactions, and investments to help clients make informed choices.

  5. Tax Optimization: Identifying opportunities for tax credits, deductions, incentives, and exemptions to reduce taxable income and lower overall tax burden.

  6. Cross-Border Taxation: Specialized services for individuals and businesses with income or operations in both the USA and Canada, including tax treaty analysis, dual-country compliance, and foreign tax credits.

  7. Tax Representation: Representing clients in tax audits, appeals, and disputes with tax authorities to protect their rights and achieve favorable outcomes.

  8. Estate and Trust Taxation: Guidance on estate planning, wealth transfer strategies, and compliance with estate and trust tax laws to minimize tax implications for beneficiaries.

  9. Tax Compliance Reviews: Comprehensive reviews of past tax filings and financial records to identify potential errors, discrepancies, or missed opportunities for tax savings.

  10. State/Provincial Tax Services: Tailored services specific to the tax laws and regulations of individual states in the USA and provinces in Canada, including income tax, sales tax, and property tax.

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Compliance with all forms and filings

Let us handle the regulations while you handle the profits

For the USA:

  1. Individual Taxpayers:

    • Form 1040: U.S. Individual Income Tax Return

    • Form 1040EZ: Income Tax Return for Single and Joint Filers With No Dependents

    • Form 1040A: U.S. Individual Income Tax Return

  2. Businesses:

    • Form 1120: U.S. Corporation Income Tax Return

    • Form 1120S: U.S. Income Tax Return for an S Corporation

    • Form 1065: U.S. Return of Partnership Income

    • Form 1041: U.S. Income Tax Return for Estates and Trusts

  3. Employment Taxes:

    • Form W-2: Wage and Tax Statement

    • Form 941: Employer's Quarterly Federal Tax Return

    • Form 940: Employer's Annual Federal Unemployment (FUTA) Tax Return

  4. Estimated Taxes:

    • Form 1040-ES: Estimated Tax for Individuals

    • Form 1120-W: Estimated Tax for Corporations

  5. Specialized Taxes:

    • Form 990: Return of Organization Exempt From Income Tax (for tax-exempt organizations)

    • Form 720: Quarterly Federal Excise Tax Return (for businesses with specific taxable activities)

For Canada:

  1. Individual Taxpayers:

    • T1 General: Income Tax and Benefit Return

    • T4: Statement of Remuneration Paid (for employment income)

    • T5: Statement of Investment Income (for investment income)

  2. Businesses:

    • T2 Corporation Income Tax Return

    • T4A: Statement of Pension, Retirement, Annuity, and Other Income (for payments to contractors)

    • T5018: Statement of Contract Payments (for payments to subcontractors)

  3. Goods and Services Tax (GST)/Harmonized Sales Tax (HST):

    • GST/HST Return (various forms based on the type of business and filing frequency)

  4. Payroll Taxes:

    • T4: Statement of Remuneration Paid (for employees)

    • T4 Summary: Summary of Remuneration Paid (to be filed with T4 slips)

  5. Other Taxes:

    • T3: Statement of Trust Income Allocations and Designations (for trusts)

    • T5013: Partnership Information Return (for partnerships)

By assisting with the preparation and filing of these forms and submissions, tax professionals can ensure that individuals and businesses fulfill their tax obligations accurately and on time, while also maximizing available deductions and credits.

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