Accounting & tax services to support your business needs
Business Advisory and Financial Reporting
By getting behind your numbers, we get behind your business to give you the support you need to grow.
Helping You To Grow Your Business
Whether you are starting a new business or have an existing business, we can help you create a system for your bookkeeping, accounting, and tax matters.
Do you want a better way to track your financial transactions? We can help. As chartered professional accountants, we have experience with businesses of all sizes, from sole proprietors to large enterprises, and in numerous industries, to help you create an easy-to-use and suitable tax system for your unique needs.
What We Offer:
- Advise business owners on bookkeeping basics
- Training and Assistance
- New Corporation Services, including:
- Registering new corporations with the CRA
- Setting up business accounts (GST/HST, payroll, etc.)
- Preparation of Compilation Report
In Addition to Business Advisory Services, we also offer Reporting Services
As your business grows, it will need to evolve; we will work with you to ensure your tax system grows with you. You’ve worked hard to get your business to where it is today, but you need to understand your company’s financial position to enjoy further growth and success. Specifically, where are revenues coming from? What are the expenses? What are your assets and liabilities? What is your working capital? Knowing this information will help you to make informed business decisions. Our business advisory and tax reporting services will free you from the day-to-day financial running of your business and enable you to relax with the assurance that we are using our accounting knowledge and tax expertise to help you succeed.
As well as year-round tax and accounting advice and support, we can also support you with:
- Develop reporting systems
- Business Performance Reports
- Customized Budget Plan
- Annual Information Return for Corporations
Frequently asked questions
What is a Compilation Report?
- A Compilation Report — previously called a Notice to Reader — presents financial information you supply, assembled into statement form by a professional accountant. It is not an audit or a review, so it carries no assurance opinion. It is often what a bank or a lender asks for from a small owner-managed corporation.
Do I need to incorporate, or can I stay a sole proprietor?
- It depends on your income level, your risk exposure, whether you need to retain earnings in the business, and your plans for growth. Incorporating adds filing obligations and cost, and it is not automatically advantageous. This is exactly the kind of question our advisory work is meant to answer for your situation rather than in general.
Can you help set up a brand new corporation with the CRA?
- Yes. Registering new corporations with the CRA and setting up the associated business accounts — GST/HST, payroll and so on — is part of our New Corporation Services.
How often should I be looking at reports on my business?
- Most owner-managed businesses benefit from reviewing performance monthly or quarterly rather than only at year end, because by year end the decisions have already been made. We build reporting systems around a cadence that fits how you actually run the business.
Explore our other services
Get started with our bookkeeping, tax, or business planning services. We invite you to book a consultation today.