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Accounting Services for Businesses

Incorporation Consulting

  • Company registry consulting (Federal or Provincial)
  • Opening accounts with CRA (GST, PST, RST, QST & Payroll etc.)
  • Accounting software selecting and adopting

Accounting System Setup

  • Chart of accounts setup
  • Accounting system initialization
  • Accounting staff training

Bookkeeping

  • Client company’s bookkeeper: reviewing regularly and providing training & consulting anytime
  • Bookkeeping: monthly, quarterly, or annually
  • Making management statements
  • Providing business guidance and trend analysis

Prepare Financial Statements

  • Producing financial statements automatically by accounting software (medium company)
  • Compiling financial statements yearly (small company)
  • Preparing financial reports
  • Providing business guidance and trend analysis
  • Financial statement analysis
  • Business proposal

Finance Management

Cash Flow Analysis

  • Analysis of cash flow statement (operating activities, investing activities, or financing activities)
  • Assessment of financial risk

Business Evaluation

  • Analysis of investment decision/li>
  • Pricing of business transfer
  • Buy and sale assets
  • Buy and sale shares

Risk Assessment of Mergers and Acquisitions

  • Business environment
  • Operating condition
  • Financial situation
  • Financial risks

Corporate Taxation

Corporate Tax Consulting & Planning

  • Tax consulting (self-employed vs incorporating, opening GST account or not, salary vs dividend)
  • Corporation share structure designing
  • Analysis of mergers & acquisitions and restructuring

Corporation Routine Taxation and Annual Taxation

  • Payroll tax calculating and payroll deduction remitting
  • GST/HST consulting, calculating and return filling
  • Yearly filing of T4 employment income, T5 dividend declared, WCB employee insurance, ROE employment record etc.

Corporate Income Tax Return Filing

  • Adjustment of taxable income
  • Business income calculating (active business income)
  • Investment income calculating (passive income)
  • T2 income tax return and related schedules and filing

Dealing with CRA Tax Review and Audit

  • Analysis the reasons of CRA tax review or audit
  • Assisting clients with the document preparation
  • Reviewing all the documents to be submitted
  • Communicating and discussing with CRA
  • Replying to CRA’s letters

Other Business Taxation

Partnership

  • Tax consulting
  • Bookkeeping
  • GST/HST return filing and tax refund
  • Tax return filing (T5013)

Trust

  • Information consulting
  • Trust income tax and information return filing