Maximizing Your Tax Refund: Tips for Small Businesses in Surrey

Running a small business in Surrey comes with many challenges — and one of the biggest is managing your taxes effectively. Maximizing your tax refund is not just about filing on time; it’s about smart planning and understanding the deductions available to you. First, keep detailed records of all your expenses throughout the year, from office supplies to travel costs. These are deductible and reduce your taxable income. Hiring a professional accountant, like PG Accounting LTD, ensures you don’t miss any eligible deductions or credits. Additionally, consider contributing to a Registered Retirement Savings Plan (RRSP), which can lower your taxable income. Timing matters too: plan purchases and expenses strategically within your fiscal year. Finally, stay compliant by filing accurate returns on time to avoid penalties. PG Accounting LTD’s expert team guides small businesses through these steps, ensuring maximum refunds and peace of mind.