Accounting and Compilation
Monitoring your financial performance:
Periodic financial statements allow you to analyze your business numbers and make informed decisions. You can easily keep track of your key performance indicators and understand the factors that are affecting your business performance.
Through our services you get Income statement, Balance Sheet and Cashflow statement at regular intervals i.e. monthly, quarterly, semi-annually or annually.
Compilation Engagement:
In a compilation engagement, the objective is to assist management in presenting financial information in the form of financial statements without undertaking to provide any assurance that there are no material modifications that should be made to the financial statements so they will conform to the acceptable financial reporting framework.
Compilation engagement may be required to assist the management in presenting financial data in the form of a financial statement that may be required by external stake holders like lenders, banks, investors and creditors.
Corporate Tax Returns Canada and USA
MAXIMIZE PROFITS, MINIMIZE TAXES.
Canada (T2) and USA (1120)
We specialize in the preparation and filing of corporate tax returns. Our accounting services for corporations also include bookkeeping for the purposes of preparing tax returns. We can also provide Notice to Readers financial statements if required to accompany the financial statements of your business.
Tax time is always stressful. Get your taxes done by a qualified professional to take advantage of all the credits and deductions entitled to reduce the tax burden. We will work towards minimizing your corporate tax liability by helping you choose a right balance between dividends and Salary/bonus.
We also assist Canadian and US companies conducting business in US with tax filing services.
Personal Tax Returns Canada and USA
Canada (T1) and USA (1040)
We offer a wide range of tax services to ensure that you remain compliant with tax regulations and be aware of current tax planning opportunities to reduce your tax liability. Our services include Income tax preparation, tax planning, non-resident tax filings and considerations, real estate transactions and rental property tax considerations and voluntary tax disclosure and tax appeals.
Bookkeeping Services
We routinely deliver the following full cycle bookkeeping services to our clients:
Accounts receivable:
Order Management
Billing
Accounts Receivable and Collections
Cash Receipts and Application.
Accounts Payable:
PO Management
Vendor/Contract Management
AP / Invoice Processing
Exception Handling
Cash Disbursement
Capital Assets Management
Reconciliation:
Account Reconciliation
Bank Reconciliation
Inter-Company Reconciliations
Payroll Services
PAY YOUR EMPLOYEES ON TIME
Payroll Management
From meeting payroll compliance requirements to staying on top of ever-changing regulations, it all adds up, resulting into more time being spent on administration rather than on development your core business.
Outsource your payroll requirements to us and experience the freedom to focus on the things that matter to you the most.
Our payroll processing system is highly flexible, cost effective, and 100% reliable. Through our services, you get more time to grow your business as we take care of legal and regulatory burdens associated with payroll management.
We offer fully managed payroll services that covers the following:
- Payroll data entry
- Full cycle gross-to-net processing
- Source deductions filing and remittances
- T4/T4A (year-end) preparation and filing
- And more as your business needs
Accounting Software Setup
We offer help with implementation of accounting and ERP software. We can help to source the software providers, negotiate the price and implement the ERP software like Navision, Yardi, ACCPAC and Net suite and accounting software like QuickBooks, Business Vision and Simply accounting.
Business Consulting
Critique Your Business Finances
We offer a wide range of personalized consulting services, tailored to suite the needs of your particular business. Be it setting up a new business or managing an existing one, our consulting and advisory services will assist you in developing sound plans and strategies to ensure future success of your business.
We offer following consulting and advisory services to help you succeed in your business endeavours:
- New Business Start-up Consulting
- Current Business Restructuring
- Business Valuations
- Accounting software selection, implementation, training, and support
- Financial projections and Forecasts
- Debt Restructuring
- Merger and Acquisition
- Strategic Planning
- Succession Planning
Analysis and Reporting
Up To Date Records and Compliance
Activity reporting and recording are backbone of your business. Proper and timely compliance helps in preventing Government penalties and subsequent legal costs. We understand your business’s tax obligations and adopt a pro-active approach to record and report your business activities to the Government.
We offer following compliance services to help you secure your business’s future:
- Assistance with Government notices and queries
- Payroll source deductions remittance
- WSIB remittance
- EHT remittance
- Record(s) Of Employment (ROE)
- Annual forms, i.e. T4’s, T4A’s
- HST Return filing and remittance
- Corporate Tax Return filing
- Financial statement preparation and reporting
- Any other recording and reporting services as required for your business
Budgeting and Forecasting
Project Your Future Cash Requirements
Every business has limited resources but this must not stop you from realizing your dream of making it bigger. Therefore, it is important to plan in-flow and out-flow of funds to ensure smooth operation of your business. From day-to-day planning to execution of significant business projects, we can help you calculate and secure the amount of funds your business needs.
We will analyze your business income, expenses, assets, liabilities, and goals, to recommend a realistic roadmap that will ensure adequate funding for your business so that you need not compromise of the success of your business.
Our services will benefit you and your business for the following:
- Determine when, where and how your need for funds arise.
- Determine the best source to procure additional funds needed.
- Connect with lead bankers and creditors to secure funds quickly.
- Assistance in accelerating pending collections.
- Advice on earning maximum rate of return on your idle funds.
Outsourcing Services
What we do
Provide an accounting professional with the relevant skills and experience required to achieve your objectives.
Design the appropriate chart of accounts and establish internal control processes that are “right sized” for your business.
Strive to achieve compliance with GAAP and essential financial reporting guidelines.
Tie accounting back into all aspects of your business, so that you can evaluate your company’s financial performance and new opportunities in a fully informed manner.
Benefits of Outsourcing Accounting Services
Leadership from our accounting and finance professionals, with over 10 years of experience.
Total visibility into the financial health of your business from our timely, accurate accounting records, and financial reporting.
Reduced potential for fraud and improper tax reporting from our GAAP standard accounting practices and transparent procedures.
Improved forecasting, collections, and cash flow management by employees who are more productive and systems that are more efficient.
Smarter business decisions based on integrated accounting and billing systems and reporting.
