- Audit Assurance And Review Reports
We DO NOT possess a practicing license however through our contact in the industry we can arrange for your statements to be audited or reviewed.
- Pre-audit Work On Financial Statements
We have extensively worked with external auditors over the years. We understand the importance of the external audit and how the audit process works. We can assist you during your external audit process.
- Financial Statements
Financial statements are an integral part of any business. Accounting is generally considered as a process of recording transactions and preparing financial statement under a set of rules. These rules are generally accepted principles or guidelines. We can make all types of financial statements and also provide the Notice to readers.
Bookkeeping involves the recording of the business transactions. This simple task can become extremely complicated and time consuming if not done on timely basis. Various accounting systems can be used to record the accounting transactions We provide accurate and complete bookkeeping service and we can perform bookkeeping on any accounting system.
- All Aspects Of Personal Tax
Personal tax is a very vast area of knowledge. A taxpayer's individual and personal circumstances change every year and similarly the government’s policies and tax rules change every year. We take taxation very seriously and have a structure in place to keep ourselves up to date with tax rules. Our team is very knowledgeable and always willing to answer any of your tax-related questions.
- All Aspects Of Corporate Tax
Corporate taxation is a part of our service to corporations we provide accounting and bookkeeping services to. We also provide tax services to corporations; we do not provide accounting services to. In addition to providing tax services, we can also assist you if your corporation is being reviewed or audited by CRA.
- Tax Planning
Almost every individual and corporation is required to pay taxes. Some exception applies but in general we all are in the same boat. When it comes to taxes, we all have to follow the rule but within these rules are relieves. We can use these rules to our advantages and plan the tax in such a way that benefits us the most while ensuring we are within the tax framework.
- Corporate Structure And Business Registration
We can not only help you register your business but also can advise you on the most suitable business structure you should have. There are advantages and disadvantages of each type of business structure and selecting a good structure can have positive effects.
- Business Process Improvements
In simple words, the business process is how the business is run and processes can make or break a business. It is very common for a business to completely ignore a core process or not invest enough on a core process. Similarly, it is very possible for a company to spend too much on a process that does not add value to the entire business. We can work with you in identifying processes that add value and create strategies to improve those processes.
- Business Consulting
Starting a business or a new line of business is a detailed task and require detailed analysis. Similarly, an existing business needs proper planning to stay profitable or continue to grow. We can help you develop strategies that will grow your business.
- Payroll And HST
Having employees in the business is what every entrepreneur aims to achieve. Being able to delegate your work to your employees is essential for growth in business. However, having employees comes with additional responsibility of making uninterrupted payment, paying for insurance premiums, government submissions to name a few. We can provide payroll services to your business so that you can focus your business.Similar to payroll, HST filling is also the responsibility of the business. Delaying in HST or failure to submit HST return can not only result in fines and paneities but also unnecessary scrutiny by the CRA. We can take care of your HST submissions on a timely basis.
- Free Consultation
Running a business come with a lot of responsibilities and a lot of decisions. With our diverse back grounds and knowledge, we can advice you on any aspect of your business or personal financial requirements.
- Business Valuation – Buying And Selling
A common saying in the business is that if you are not growing, your competitors are. The most common strategies of growth in business are acquisition or organic growth. If you are buying a company it is almost obvious that you will pay a premium but the amount of premium can make or break your business. We can assist you in making a decision when it comes to buying a business so that the price you pay is right and the growth objectives are achieved.
On the other side of the equation, if you are exiting an industry or retiring, we can help you value your business realistically so that you are not pricing yourself out of the market, and at the same time are you are not offering too much of a discounted price. Keep in mind, while there are guidelines and models that will value a business which is extremely important, valuation is an art a not pure science.
- Management Consulting
Most of the accounting reports that we are generally aware of are the requirements of the external parties such as governments, lenders or investors etc. These reports do provide a valuation information however their scope is limited and they do not provide great value to the managers of the business.
Management reports are internal report that help managers run the business effectively. Cost analysis, budgeting, receivable/payable, cash projections are to name a few. We can design reports that would help your business, we can also analysis internal reports so that you understand the impact of every activity of the business.