Financial Statements are a crucial component for analyzing the profitability of a business. These financial statements are also used to complete your annual tax return (personal & corporate). We can prepare a number of financial statement reports based on your needs, including: audited financial statements, review engagements, compilation engagements, and more.
We comply with Accounting Standards for Private Enterprises (ASPE) where applicable and use state of the art technology and software that conforms to the reporting standards of the Canada Revenue Agency.
We offer bookkeeping services for home based businesses and small to medium sized companies. Our bookkeeping services include data entry, monthly reports, payroll and vendor check runs, payroll taxes, sales taxes and profitability assessments, and more.
Administrative tasks such as payroll are often treated as a low priority. However, it is a much specialized task and is governed by strict legislation. Have our qualified experts explain the legislation covering human resources and employment standards. We can also provide monthly payroll, year-end T4’s, T4A’s, T5018’s and T5’s.
While business owners do their best to comply with tax laws or report taxes, it is still possible to make consecutive errors or fall behind. If audited, this is taken very seriously by tax authorities and those found mis-using the system are often reprimanded with fines and penalties.
We help such businesses, compile their financials, create dialogue with the CRA through a lawyer (if required) and prevent you from being reprimanded for an honest mistake or negligence.
Tax compliance goes hand in hand with completing a business cycle. Ignoring taxes and failing to report and pay taxes in time can lead to legal issues and cash flow problems that may hinder the sustainability of the business. We help streamline your compliance to avoid the ever-increasing varieties of penalties and interest.
We can help you with:
- Personal tax returns
- Corporation tax returns
- Sales tax returns
- Payroll returns
- Various T-Slips and forms
- CRA Investigations
Book your FREE no obligation consultation and find out how we can help your business!