Business Services
Chances are you didn’t start your business to be knee deep in paperwork. let us handle the paperwork on your behalf while you focus on your business.
Keeping up with your bookkeeping can often feel like a burden for those business owners who are not fans of crunching numbers and dealing with government deadlines.
Bookkeeping is the process of recording all the financial transactions made by the business, classifying and organizing the receipts.
Certified Quickbooks Pro-advisor. ( Since 2008 )
Beyond the bookkeeping of your business as an accountant we classify your receipts based on the tax line for which it will be deducted
GST / Payroll / Tax Remittance.
Log on to your business account with the CRA and confirm that everything is filed and in good standing.
Year End
Log on to your business account with the CRA and confirm that everything is filed and in good standing.
Tax Returns
Log on to your business account with the CRA and confirm that everything is filed and in good standing.
T4 / T5 Slips & Summaries
We can prepare and file the T4 / T5 Slips on your behalf.
Tax Support
Canada Revenue Agency isn’t always right !
Business year end
Review Profit & Loss Statements
Review monthly statements, reconcile outstanding accounts receivable / payable.
Review Bank & Credit Terms
Take some time to review your credit card’s potentially negotiate your interest rates, verify who has access to use and so forth.
Gather & Organize Receipts
Gather all your receipts for your tax return and provide them to your accountant.
Receipts must be kept for 6 years.
Make Year End Purchases
You are entitled to write off business related purchases, Consider making purchases that will help to lower your taxes owed.
Verify Employee Data
Review all your employee information, paystubs, addresses, benefit plans. ROE, vacation pay… prior to doing T4’s / T5’s Summaries.
Take Physical Inventory
Do a physical inventory and match it with your year end balance sheet, update the inventory with purchases made, loss and additional write offs you may be able to claim.
Prepare Information for T-Slips
Gather all the information you accountant will require to prepare the required slips for the Canada Revenue Agency.
Take Your Paperwork to your Accountant
Arrange for a time to take all your paperwork to your accountant and confirm with them what services you want them to take care of on behalf of your business. .
Review GST / Payroll / Tax Remittance Accounts.
Log on to your business account with the CRA and confirm that everything is filed and in good standing.
Set Next Years Financial Goals
Take the time to review your financials or the tax return to determine where you stand and write down your goals and plans for the upcoming year.
WCB, Benefit Plans, Annual Returns …
Now is a good time to review and make changes to your WCB Account, Review your Employee benefit plans, wages, renew your business license (s), Accounts with service providers, renegotiate terms…