The administration of your business should not be stopping you from running it. There are many tasks in any business and some of them can be overwhelming. From bookkeeping to collecting on sales and issuing payments to companies you do business with, payroll to HST filings, financial statements to the analysis of the sales results, these tasks can feel stressful, time consuming and take you away from your customers. This is where I can help. I am able to take care of these tasks for you while keeping you fully informed and up to date so you can concentrate 100% of your effort on your passion, your business.
Bookkeeping and Accounting Services
If you are a business owner, you likely started your operation because you like to cook, bake, create jewelry, paint or whatever you passion is and not because you like to organize receipts, crunch numbers or look at spreadsheets.
That's where we come in. Go ahead and do whatever it is that inspires you with confidence. Leave the bookkeeping, the spreadsheets and government submissions to us. Because accounting is our passion.
Do you have employees? Are they full-time, part-time or casual? As a business owner you want to make sure your employees get paid, but you are also responsible for making certain taxes and government remittances are done accurately and on time.
With so many accounting software options out there (ADP, QuickBooks, etc.) we can help you compare them and choose the right option for you. We can also help you prepare your T4's at the end of the year and avoid liability for any errors.
Running your business, you likely know how your business is doing. But sometimes other stakeholders may require your financial statements. As an example, you may need a full set of financial statements if you borrowed or plan to borrow money from a financial institution to start or grow your business.
We can put together the information you need(Income Statement or Profit and Loss, Balance Sheet, Cash flow Statement) and more importantly, help you understand what it all means beyond “How much money did we make last year”.
Registered businesses are required to pay all collected HST to the government. Does your business file monthly or quarterly? We can help you set up your filings, keep track of them and make sure you don't miss a deadline.
Business Planning, Forecasting and Analysis
Is it time to take your business to the next level? Are you ready to open a new location, invest in a new piece of equipment, or just looking for efficiencies?
An analysis of your current business can determine if you are ready to grow or when you will be ready. Or it can tell youwhich areas of your business are already optimized and if there are any areas that may be improved.
Once we've done an analysis we can use your business performance to forecast the trend for the future. Then we can work with you to develop a business plan that will help you achieve your business goals.
You've decided to open a new business but don’t know where to start. We’ve been there. We can help you with some of these questions:
Do you need a business license?
Do you need to register with your association?
How about HST? Register now or later?
What will you need to open a bank account?
Do you already have or will you need an accountant, bookkeeper, lawyer?
Personal Income Tax
Annual Income Taxes
Everyone in Canada pays taxes, and no one wants to pay more than they have to. But the tax code changes annually, new programs are added and some programs taken away. It's challenging to keep up with all the changes, unless it's your passion. Knowing and understanding these changes can avoid a lot of frustration at the end of April.
Worried you missed something last year?
We can go through your previous filings and make sure nothing significant was missed, if needed, we can re-file corrections.
Did you miss a year or two of filing?
Many people miss multiple years and then worry about the consequences. We can help you with late filings also by explaining the process so there are no unnecessary surprises, looking for any missed benefits (ie HST credits, child care benefits, etc) and filing the paperwork for you.