How We Supported a Trucking Company in Mississauga with GST/HST Compliance, Payroll, and Tax Optimization
A local trucking company in Mississauga approached Gondaliya CPA after facing challenges with GST/HST reporting, payroll management, and identifying eligible tax deductions and credits. With drivers on payroll, high fuel costs, and ongoing vehicle expenses, the business needed a structured accounting and tax solution to remain compliant and financially efficient.
About the Client
- Business Type: Trucking and transportation company
- Location: Mississauga, Ontario, Canada
- Previous Setup: Paper receipts, basic spreadsheets, and manual payroll calculations
- Key Challenges:
- Difficulty tracking GST/HST on fuel, repairs, and maintenance
- Missed filing deadlines and CRA reminder notices
- Uncertainty around eligible tax deductions and credits
- Payroll compliance for drivers and administrative staff
What the Business Needed
- Accurate GST/HST calculation and timely filing
- Proper payroll setup and CRA remittance compliance
- Identification of eligible business tax deductions and credits
- A clear, repeatable system for financial record-keeping
Our Approach
1. GST/HST & Expense Review
We reviewed fuel receipts, vehicle maintenance invoices, insurance costs, and operating expenses to ensure GST/HST was recorded correctly and all eligible input tax credits were claimed.
2. Payroll Setup & Compliance
We implemented a compliant payroll system for drivers and staff, ensuring accurate wage calculations, source deductions, and timely CRA remittances.
3. Tax Deduction & Credit Optimization
Our team identified allowable business deductions and applicable tax credits related to vehicle usage, equipment, and operational costs, improving overall tax efficiency.
4. Ongoing Compliance Process
We established a structured system for monthly reconciliations, payroll processing, and GST/HST filings to prevent future errors and late submissions.
Results
- All GST/HST returns and payroll filings completed accurately and on time
- Reduced CRA compliance risk and eliminated penalty exposure
- Improved cash flow through proper ITC recovery and deductions
- Organized payroll and tax reporting processes
- Reduced administrative burden for business owners
Summary:
For trucking businesses in Mississauga, Gondaliya CPA provides comprehensive GST/HST, payroll, and tax optimization services designed to keep transportation companies compliant, efficient, and financially organized.