 |
Audits, Reviews and Compilations |
|
We provide financial statement reporting at all three levels of assurance:
*Audit - an intensive examination with the highest level of assurance that the financial statements are fairly stated. An audit offers the highest level of comfort for users of financial statements for:
● Public companies, regulated industries (eg. Condominium corporations, Insurance companies, Credit Unions), not-for-profit organizations, companies with numerous shareholders or companies that have significant bank debt often require audited financial statements for government, shareholders and other third parties. Potential purchasers of a company may also want audited financial statements for valuation purposes.
*Review - limited assurance report on the financial statements based on enquiry, discussion and analytical procedures (resulting statements are presented in accordance with generally accepted accounting principles).
● Used primarily for companies who want assurance in the financial statements, companies with numerous shareholders or required by the bank that has provided a loan.
*Compilation (Notice to Reader) - This provides the reader with no assurance and the accountant compiles the financial statements from information provided by management.
● Used primarily for filing corporate income tax returns, internal use by management, or might be required by the bank. |
|
TOP  |
|
|
Financial Statements |
|
| We can assist you in the preparation of your financial statements in accordance with professional standards. Your financial statements serve as a useful tool to analyze your business and base decision making on accurate information. |
|
| TOP |
|
|
The preparation of business plans, cash flow projections and other special reports(Financial Forecasts & Projections) |
|
| Business plans or budgets, are most often prepared by businesses looking to obtain financing, perhaps related to a business start-up or to finance growing operations or a corporate acquisition. |
|
| TOP |
|
|
Tax Planning & Preparation |
|
Nobody wants to pay more tax than necessary. We assist individuals and corporations in structuring their financial affairs to minimize the amount of tax paid.
● Corporate tax returns - Annual corporate tax return.
● Personal tax returns - All returns are welcome, from basic to complex.
● Annual information returns for non-for-profit organizations
● Registered Charity Information Return
● GST/HST filings - depending on the company’s revenue, filings are required monthly, quarterly, or annually. |
|
| TOP |
|
|
Estate and Trust tax preparation |
|
| Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for a surviving spouse, and can minimize the tax due on the transfer of your business and personal assets. We are able to assist with filing Estate tax returns as well as other aspects of winding up an estate. We can also assist in creating and filing Trust returns. |
|
| TOP |
|
|
SR&ED filings |
|
| The Scientific Research & Experimental Development (SR&ED) program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors to conduct research and development (R&D) in Canada. |
|
| TOP |
|
|
Management Advisory Services |
|
| Many of our clients are owner-managed businesses. We often work with them to develop longer-term goals and specific strategies to facilitate the future growth and success of their business. As well, they often rely on us as their "go to" business advisors when confronted with situations they are not accustomed to dealing with daily. Even if the situation is not within one of our areas of expertise, we have an extensive network of contacts in other disciplines we can engage for assistance. |
|
| TOP |
|
|
Purchase and Sale of a Business |
|
| Preparation and planning are key to the successful purchase or sale of a business. We assist clients with all aspects of the transaction, including valuation, cash flow analysis, negotiation strategies, tax minimization and transition planning. |
|
| TOP |
|
|
Business Succession Planning |
|
Effective transition of your business to successors is critical to its continued prosperity (and probably to your comfortable retirement). This can be a particularly delicate situation for a family business.
We can provide valuable advice for business succession planning for individuals, and tax optimization for small business owners. |
|
| TOP |
|
|
Assistance with CRA tax audits |
|
If the tax authorities query certain aspects of your return or decide to audit you, we will represent you in resolving the issues.
We can provide assistance navigating the requests during the audit procedure. |
|
| TOP |
|
|
Voluntary Disclosure filings |
|
| The Voluntary Disclosures Program (VDP) allows taxpayers to come forward and correct inaccurate or incomplete information or to disclose information they have not reported during previous dealings with the CRA, without penalty or prosecution. |
|
| TOP |
|
|
Part-time Controller Services |
|
Controller services can be customized upon the management needs.
● New business start-ups
● Assistance during peak periods and for year-ends
● Leaves of absence
● Internal audit support
● Internal control systems implementation
● Provide analytical financial management reports including cash follow analysis and actual versus budget analysis.
● Assist in year end working papers for external audit.
● Prepare presentations for shareholders, management, and company-wide meetings.
● Take special projects upon your request. |
|
| TOP |
|
|
Bookkeeping |
|
Bookkeeping services available include:
● Maintain your accounting records in a proper manner
● Bookkeeping to trial balance
● All payroll functions
● Income, GST and sales tax calculations
● WSIB
● EHT
● GST/HST
● PST
● Year end T4, T3 and T5 forms |
|
| TOP |
