The challenges of owning your own business can be exhilarating and exciting—and sometimes stressful. And when it comes to things keeping business owners up at night, taxes rank near the top.

More than half of small business owners said taxes were their top concern, in a recent survey by the Canadian Federation of Independent Business. And it’s no wonder: from maximizing available credits and deductions to navigating corporate income tax returns, tax filing feels rife with risk and opportunity. Expert help is key to navigating the complexities of taxes with confidence, but with a third of business owners worried about financial strain, steep fees for professional advice can present yet another barrier.

But it doesn’t have to be a trade-off between getting credible tax advice and keeping your budget in check. Introducing TurboTax Business, an expert-guided tax filing service built specifically for incorporated businesses filing a T2.

Reduce the stress of tax filing

While taxes can feel stressful and overwhelming, with the right advice they don’t have to be. 

If you’re newly incorporated, the first thing you need to know is you’ll have to file both a personal tax return (T1 general) and a T2 business tax return. Your T2 corporate return is due within six months of the end of your business’s fiscal year—so, for example, if your fiscal year runs from April 1 to March 31, you’ll need to file your business tax return each year by September 30. 

From Schedule 24 – First-time Filer After Incorporation to forms related to capital expenditures and shareholder and dividend information, there are numerous forms and schedules you may need to include in your filing; TurboTax Business helps you figure out exactly what applies to your situation, so you don’t have to worry about missing anything.

Careful planning and preparation can also make the process easier. 

When it comes to gathering paperwork, you don’t need to have every document in hand before you start. TurboTax experts walk you through what you’ll need to prepare and help you gather the necessary items along the way. Some examples of the documents you may need include:

• Business bank and credit card statements
• Invoices and receipts
• Deposit slips and agreements
• Shareholder and dividend information
• Financial statements (a mandatory requirement for business filing)

Expert tax help that fits your business

Have a question or need advice? Unlimited expert help is available while you file. Someone who can look over your work to make sure everything is compliant and you haven’t missed any opportunities for deductions? 

TurboTax Business puts personalized tax advice within reach with a flat price, helping guide you through every step of preparing and filing your corporate T2 return. 

It’s the difference between doing your taxes yourself vs. by yourself. Whether you’re a first-time filer or you have been running your company for years, start by entering your business and financial information using TurboTax’s simple and clear interface. When you run into questions, you can book a call with a tax expert during business hours. There’s no limit to how much expert help you can access—and TurboTax Business’ tax experts help ensure you maximize every opportunity to find credits and deductions that keep more money in your business. 

When you’re ready to file, TurboTax Business has your back. Have a business tax expert check your work, so you can file with confidence. 

Visit the TurboTax Business homepage to learn more and get started.