We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

Choosing the form of entity of your business (e.g. – sole proprietor or corporation) is a critical decision that can have longstanding tax implications, positive and negative. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form for your business.

With the number of computerized accounting software packages available for small business and individuals growing everyday, selecting one that is right for you has become increasing difficult. As accounting professional, we are exposed to most program through trade journals and actual use. Our experienced staff can help you choose and implement the system that best fits your needs.

Our firm has several years of experience working in QBO and QuickBooks. We have taken extensive training in QBO and QuickBooks to help you set-up and support your business. Often our staff can help you solve an issue in one call (often for no cost to you).

Proper bookkeeping is essential to operating and improving your business. It helps you keep accurate records of business transactions to minimize taxes, find areas of improvement, and see patterns for growth. Our experience staff can help you organize and capture your business transactions in an efficient and effective manner; no matter your situation or the state of your business.

Pro tip – ensure that you create separate business bank and credit card accounts for your business.

Business accounting goes beyond basic bookkeeping and crunching the numbers, as it involves preparing professional financial reports that help you understand your business performance. Proper accounting can help find areas of growth, or identify areas that need improvement . Running accurate and meaningful reports (daily, monthly and annually) is essential understanding where your revenue and expenses are generating. We can help you understand your business’s performance, and identify issues before they become problems.

Corporate Accounting is more sophisticated than basic accounting by the demands placed upon the corporate entity by various stakeholders (.e. - owners, shareholders, banks, creditors, and government). Our firm has years of experience reporting corporate performance and uses the standard Compilation Report or “Notice to Reader” to communicate to various stakeholders the various assets, liabilities, revenue and expenses of an entity.

Whether your business in new or established, a cash flow forecast gives you a view of the expected cash requirements of a business. Banks often require cash flow forecasts before extending cash advances or loans to ensure the company can meet interest and debt repayments. Our firm can assist you in preparing your business cash flow forecast to meet a bank requirement, or analyse an investment opportunity.

Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for profit organizations

Many of our clients are responsible for collecting and submitting sales taxes. We can help your company understand it’s obligations for HST and assist in the compilation of information and preparation of sales tax returns in an efficient and timely manner.

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.

Employee benefits plans are a valuable part of any retirement. We can assist you in understanding your retirement benefit options to help maximize your cashflow in retirement.

Non-residents, or residents wanting to become non-residents, can face a complex set of tax rules and requirements. Whether you are a resident or non-resident of Canada, our firm can help you understand your Canadian tax obligations. We have helped non-residents compile with their Canadian tax obligations. We have also helped Canadians move to other tax jurisdictions to minimize tax on worldwide sources of income.

Divorce is never easy and often raises points of contention. Our firm helps you understand how a matrimonial change effects your tax situation with regard to various government benefits (ie Child Benefits, and HST/GST Benefits) and deductions. We can also help you understand how support payments are taxed, and help you understand how to divide a business to your best advantage.

During our years of experience dealing with the Canadian Revenue Agency (CRA), we have achieved a level of competence that can ensure our clients they are being properly represented before the CRA.

Our firm has years of experience compiling Financial Statements for all kinds of businesses. We prepare Notice to Reader financial statements to inform various users of our involvement with these statements. Our statements also provide comparative numbers to help the reader understand the performance of the business over time.

Purchasing a business is complex and can certainly raise your anxiety level. Our firm can help you evaluate the target business and your capability for this purchase. We can assist in the preparation of an Agreement of Purchase and Sale, and we can help create the business plan. Whether it is an Asset Purchase or a Share Purchase, our professional approach helps to objectively assess the target and reduce the risk of making a poor investment.

Business Valuations are a specialized field of expertise within the Chartered Professional Accounting profession. Practitioners in this field are designated as Chartered Business Valuators (or CBV), and have acquired the technical training, knowledge and expertise to practise in this special area. However, many individuals may not require this specialized knowledge. Our firm limits our valuation services to non-contentious matters, or tax issues for existing clients. We frequently engage accountants with a CBV for more complex business valuations.

Most people do not have a formal retirement plan and get surprised when their job status changes. A good retirement plan should involve your investment advisor and your accountant. Most investment advisors can provide a retirement plan without charge, or as a value add value for managing your portfolio. Our firm can assist you and your investment advisor in preparing a plan by providing complete source of income information and expert tax advice. We can also give an objective opinion on the assumptions used in the plan to ensure that the plan is consistent and viable.

A good plan addresses your retirement incomes, expenses and life-savings. We suggest that any plan consider your unique life expectancy, your burn rate (i.e. - how much you need to spend) and how much of an Estate you want to leave.

Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provide security for your surviving spouse and can reduce or eliminate the tax due to transfer of your business and other assets. For business owners providing the business continuity and succession of ownership is essential. We can guide you through the complex process or getting your financial affairs in order.