We offer a wide range of accounting and consulting services for , , and , as much or as little as you need:
Shareholder and management compensation planning, giving consideration to tax
Financial statement planning and preparation
- annual or interim
- compilation or review
- for internal or external use
Transaction bookkeeping and accounting as needed – from biweekly to annual
- general ledger
- revenue and accounts receivable
- expenditures and accounts payable
- payroll processing including deductions, Record of Employment and T4 slips
- sales tax
Tax planning and financial advice
Advice with government compliance issues
Cross-border services – international tax planning for organizations resident in Canada
Cross-border services – Canadian tax planning for organizations not resident in Canada
Setup of accounting and bookkeeping systems
Advice for the start-up of a new business
QuickBooks accounting software guidance
Cash flow and profitability analysis
Financial forecasts, projections and budgets
Scenario analysis
Review of internal controls
Assistance with application for government grants
Consultation on purchase or sale of a business
Assistance with decision to engage employees vs contractors, or vice versa
Assistance with decision to buy or lease capital assets
Analysis of financing alternatives
Succession planning
For information on tax for organizations, please click here.
A corporation can be defined as a legal entity separate from its owners, formed for the purpose of conducting a business. Canadian corporations, also called “companies”, often enjoy lower income tax rates compared with sole proprietorships or partnerships. It is important for a corporation to use an accounting system to help with financial reporting, but it is equally important for that system to be able to help make decisions about the future of the business.
A not-for-profit organization can be defined as an organization engaging in activities that benefit one or more individuals, groups or causes without the goal of earning or distributing profits. Common examples of such activities include animal rescue, feeding the homeless, running a parent-participation preschool, and organizing a sporting event. Proper accounting is a very important step towards compliance and maintaining the not-for-profit status. We can be involved with your not-for-profit organization as little or as much as you need.
A sole proprietorship is a business formed with little to no formalities by a person where there is no legal distinction between the owner and business. Sole proprietorships are often home businesses, but not always. A partnership is similar to a sole proprietorship, except that there is more than one owner involved. Treatment of tax on income is different with a sole proprietorship or partnership compared with a corporation.
