Accounting services you can depend on!
It’s easy to get lost in the accounting maze! People often ask their friends and family for advice, however it’s important to understand that everyone’s financial situation is unique and no fixed formula can be applied to all.
Having managed thousands of cases over the past 30+ years, my diverse experience as an accounting and tax expert can help you save your hard earned dollars and plan for the future.
Company Incorporation & Business Registration
The first question to decide when starting a business venture is about its structure. Should it be a sole proprietorship or partnership or a corporation? If a corporation, then Federal or Provincial? We advise you and explain the pros and cons of each option to suit your specific needs which is most cost effective and least complicated when it comes to statutory compliance obligation and record keeping. Choosing the right business structure in the beginning itself can go a long way in the success of your business venture.
Bookkeeping
Accurate Business Records / Bookkeeping gives you correct and timely information about how well is your business doing in terms of profitability and also comes in handy in case the CRA decides to review your income tax, GST / HST, Payroll and other returns.
We help you choose between different options and accounting software to suit your specific needs and budget. We can help train your staff on how to use the software or alternatively take the responsibility of maintaining it on your behalf. If doing so, we would gather all relevant documents from you and ensure that it is up to date and accessible in order for you to make vital business decisions.
Financial Statements
Key documents including income statements, balance sheets, cash flow statements, and retained earning statements must be reviewed before any financial commitment or during acquisitions. We can periodically prepare and provide you with accurate statements so that your business operations reflect the most up to date information for your banks, lenders, or potential investors.
Statutory Returns
Filing an accurate statutory return is one of the most critical steps in the business. Even one small error discovered by CRA after a few years could cost you an unnecessary fortune plus interest. We pay attention to detail and file GST/HST, WSIB, Payroll, etc. returns to help save you thousands of dollars in interest and penalties.
Financial Control
We help businesses and corporations of all sizes set financial objectives and create processes, policies, and procedures that meet provincial, federal, North American and international standards, to reach their goals.