Corporations are separate legal entities. It is therefore treated as an individual and must file a tax return every year even if there is no income. You as the owner will have to file a separate income tax return. If you would like to learn more about the advantages and disadvantages of Corporations we at Your Tax Solutions Inc. will be delighted to share our knowledge with you.
As a full service accounting / bookkeeping and income tax preparation service, Your Tax Solutions Inc. can work with you providing you with vital information as you make decisions regarding the future of your Corporation. We can further assist you with setting up your Corporation, setting up your books, daily/weekly/ monthly/ quarterly (or as needed) bookkeeping and accounting, and filing your Corporate income tax return.