SERVICES

Accounting & Assurance

 

Audits

– We perform an independent audit customized to your business or organization to provide reliable financial statements requested by third parties.
– Our audit procedures include an assessment of internal controls and testing of accounts.
– We provide valuable information to those charged with governance highlighting areas for improvement and irregularities noted during our audit.

 

Review Engagements

– We perform an independent review of your financial statements to satisfy requirements of lenders, potential buyers and other users of your financial statements.
– Review procedures include inquiry, analysis, and discussion, and provide limited assurance that your financial statements are presented in accordance with the applicable accounting standard.
– We gain an understanding of your business while performing the review engagement procedures and can highlight areas of risk or concern.

 

Notice to Readers

– We assist in compiling your financial statements summarizing your financial results with no assurance provided.
– We gain an understanding of your business while compiling the notice to reader financial statement and can highlight large variances noted or provide other advisory services for your business based on items noted.

 

Internal Audit Services

– We provide internal audit services documenting internal control procedures, testing their effectiveness and reporting on our findings.
– We work closely with your team to assist management and Board of Directors in assessing their control environment and internal process to ensure they are functioning properly and help identify internal control weaknesses.
– We provide appropriate recommendations and assist with the implementation of new controls and procedures that will mitigate potential risks of loss.

 

Bookkeeping

– We provide bookkeeping services to assist in recording bank activity, customer and supplier invoicing, reconciling account balances, recording payroll and remitting source deductions, GST/HST, WSIB and other government remittances.

 

Strategic Planning & Advisory Services

– We assist clients in developing business plans and financial projections whether they are a start-up business, a growing business or a business experiencing a decline.
– We prepare financial forecasts and projections and assist in analyzing your current financial results to help manage the short and long term cash needs of your business.

Taxation

 

Corporate Tax Compliance

– We prepare Canadian corporate income tax returns and calculate required tax installments.
– We assist with responding to corporate tax audits by Canada Revenue Agency.
– We have a network of international affiliates to assist companies growing internationally.

 

Corporate Tax Planning

– We prepare tax estimates for upcoming periods, so you can effectively manage the cash flow of your business.We provide and analyze opportunities to structure your business dealings in a more tax efficient manner.
– We help create a compensation plan for employees and shareholders that meets your business, personal, and family needs.
– We provide advice surrounding the day to day financial decisions in operating your business.
– We provide accounting, business, and tax guidance regarding the expansion or sale of your business, including succession planning and reorganization of share ownership.

 

Personal Tax Compliance

– We prepare Canadian and U.S. personal income tax returns and calculate required tax installments.
– We assist with responding to personal tax audits by Canada Revenue Agency and the Internal Revenue Service.

 

Personal Tax Planning

– We identify and provide guidance regarding tax planning opportunities that can reduce your tax burden.
– We help create a compensation plan for employees and shareholders that meets your business, personal, and family needs.

 

Trusts & Estates Tax Compliance

– We prepare Canadian income tax and information returns for trusts and estates.
– We assist with responding to trust and estate tax audits by Canada Revenue Agency.

 

Trusts & Estates Tax Planning

– We identify and provide guidance regarding structuring the ownership of assets in a manner that meets your business, personal, and tax goals, which sometimes includes a trust.
– We identify and provide guidance regarding estate planning goals and distributing the estate of a deceased individual in a tax efficient manner.
– We can help maximize the after tax amount available for your friends, families, and favourite charities.
– We consider and provide guidance regarding your U.S. estate tax exposure, including ways it can be reduced or eliminated.

Advisory Services

 

 

Government Funding & Tax Incentive

– We assist clients in identifying, applying for, and defending applications for government funding, including Scientific Research & Experimental Development (SR&ED), Apprenticeship and Co-operative Tax Credits, AgriStability /AgriInvest, SMART Program, Southern Ontario Development Program, Industrial Research Assistance Program (IRAP), Rural Economic Development Program (RED), and GF2.

 

Sales Tax Services

– We provide guidance on sales tax compliance, including GST/HST, for both Canadian corporations and foreign corporations carrying on business in Canada.
– We assist foreign corporations with registering for a GST/HST account and developing processes for complying with sales tax reporting requirements.
– We provide advice regarding complex GST/HST matters.
– We assist with responding to sales tax audits by Canada Revenue Agency and other provincial legislative bodies.

 

International Expansions

– We assist clients with assessing the tax compliance requirements on Canadian/U.S cross border business activities and assist in preparing the related returns.
– We assist foreign businesses with expanding their operations into Canada, including assisting with structuring the Canadian business operations in a tax efficient manner, registration for various Canadian tax accounts, and preparation of Canadian tax returns and filings for the corporation and its employees.
– We assist Canadian businesses with expanding their operations internationally. This includes considering the tax efficient structuring of the expanding business, providing professional contacts in the new locality, and preparation of some international tax filings. 

 

Business Valuation

– We provide business valuation services and issue valuation reports by our Chartered Business Valuator. These reports may be needed to address shareholder or partnership disputes, family law issues, estate and tax planning, corporate reorganizations, or mergers and acquisitions.
– We provide limited critique reports on other valuation reports issued by Chartered Business Valuators.

Litigation Support

– We provide economic loss quantifications related to business interruption, expropriation, and commercial and contract disputes.
– We provide available income calculations to assist you in family law matters such as child and spousal support. 

 

Acquisition Services

– We perform financial and tax due diligence procedures regarding the target company’s historic results and tax filings.
– We provide consulting services to assist you in determining the financial viability of a business.
– We provide business valuations services to assist you in determining a reasonable price for the purchase of the business.
– We will help you examine the funding options available for your acquisition, including bank loans, government grants, internal equity, and vendor take bake financing.
– We provide tax advice regarding structuring the acquisition in a tax efficient manner, including considering whether it is more beneficial to buy the assets or shares of a business.
– We review and advise regarding legal agreements, including shareholder agreements, We consult regarding the sales tax implications of the acquisition.

 

Divesture Services

– We identify and provide guidance regarding opportunities to maximize the after tax proceeds on the sale of your business, including the availability of optional tax elections which may be beneficial in your circumstances.
– We assist with reporting the sale of your business for income tax and sales tax purposes, including preparation of optional tax elections.
– We provide business valuations services to assist you in determining a reasonable price for the sale of the business.
– We provide tax advice regarding structuring the sale in a tax efficient manner, including analysis of whether it is more beneficial to sell the assets or shares of a business.
– We review and advise regarding legal agreements, including non-compete agreements.
– We consult regarding the sales tax implications of the sale. 

 

Succession & Estate Planning

– We provide advice that will help you select and train a successor, move away from the day-to-day operations of your business, while also taking care of yourself and other family members financially after the transition.
– We will help you assess whether you have sufficient resources available to retire comfortably.
– We will estimate the tax liability surrounding a change in corporate ownership, and advise regarding reducing or deferring this cost.
– We provide advice regarding the sufficiency of life insurance coverage.
– We will consider whether it is sufficient to cover all debts and other expenses, as well as provide sufficient capital for your surviving spouse and family.
– We will review and consult with you regarding your will and whether it will allow your assets to be bequeathed in a tax efficient manner. This can maximize the amount available for your friends, families, and favourite charities.

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