2. Payroll run and compliances on time

• Payroll processing and direct deposit to employees: We offer accurate and timely payroll processing to ensure your employees are paid correctly and on time. Our services include direct deposits with a user-friendly pay slip portal for each employee, allowing them to easily access their pay stubs and year-end T4 statements. 

• CRA Remittance for your contributions and your employees deduction: We assist in calculating and remitting not only the employer's contributions but also employees' deductions, such as income tax, Canada Pension Plan (CPP), and Employment Insurance (EI). Our work ensures compliance with CRA requirements, minimizing the risk of penalties and remittance errors. 

• Taxability of Benefits, Allowance and Reimbursement: We provide guidance on the tax implications of various benefits, allowances, and reimbursements offered by your business. We help determine the correct taxes to withhold based on the taxability of these items, ensuring compliance with tax regulations and accurate payroll tax calculations. 

• Year end T4, T2200 and other T Slips, ROE forms: We assist in the preparation and filing of important year-end forms. This includes T4 forms, which report employee income and deductions, as well as other relevant forms such as T2200 for employment expenses and Record of Employment (ROE) forms for departing employees. Our comprehensive services ensure accurate and timely filing to meet regulatory requirements. 

• Representation with Tax Authorities: In the event of Payroll reviews or audits by CRA, we offer representation and support. We assists in preparing documentation, answering queries, and resolving any issues that may arise during the audit process.

(We do not place any limits on numbers of employees, pay periods)

3. GST/HST calculation and filings

• GST/HST Return Filings: We handle timely and accurate GST/HST return filings, ensuring compliance with the Canada Revenue Agency (CRA) requirements. We manages all necessary calculations, reconciliations, and submissions, minimizing the risk of errors and penalties.

• PST Return Filings: In addition to GST/HST, we also manage PST return filings for provinces with provincial sales tax. Our comprehensive services cover all aspects of PST calculations and filings, providing you with peace of mind regarding provincial tax compliance.

• CRA Payment Reminders: We proactively manage your GST/HST payment schedule, sending timely reminders to ensure prompt and accurate remittances to the CRA. This helps avoid late payment penalties and interest charges.

• Input Tax Credit (ITC) Calculations: We diligently calculates your Input Tax Credits (ITCs) to maximize your tax savings. We ensure that you claim all eligible ITCs on business expenses, effectively reducing your GST/HST payable.

• Representation with Tax Authorities: In the event of GST/HST reviews or audits by CRA, we offer representation and support. We assists in preparing documentation, answering queries, and resolving any issues that may arise during the audit process.

4. Tax preparation and filing

i. Corporate Taxes

• Corporate tax preparation and filing: We handle the entire process of corporate tax preparation and filing, ensuring compliance with the Canada Revenue Agency (CRA) requirements. We accurately prepares your corporation's tax return, keeping in mind the six-month deadline from the year-end date.

• Corporate tax installments: We assist in calculating and managing your corporate tax installments to avoid interest and penalty charges. By planning and making timely installments, we help you maintain cash flow and stay ahead of your tax obligations.

• Corporate tax payment reminders: Our proactive approach includes sending reminders for corporate tax payments. This ensures you never miss a deadline, helping you save on interest and penalties and maintain a positive relationship with the CRA.

• Corporate tax planning: We provide comprehensive corporate tax planning to optimize your tax position. By identifying deductions, credits, and other tax-saving opportunities, we help you minimize your tax liability while remaining compliant with tax laws.

• Representation with Tax Authorities: In the event of corporate tax reviews or audits, we offer representation and support. We assists in preparing documentation, answering queries, and addressing any issues that may arise during the review or audit process.

ii. Personal Taxes

• Personal Tax Filing: We handle the preparation and filing of your personal tax return, ensuring accuracy and compliance with tax regulations. Our goal is to maximize your eligible deductions and credits, helping you retain more of your hard-earned money.

• Representation with Tax Authorities: In situations involving personal tax reviews or audits, we provide professional representation and guidance. We helps you navigate the process, respond to inquiries, and resolve any tax-related issues that may arise.

• Personal tax planning: We offer personalized tax planning strategies to optimize your financial situation. We evaluates your unique circumstances and helps you make informed decisions to minimize your tax burden and plan for a secure financial future.

• Salary vs. Dividend: We provide guidance on the most tax-efficient method of compensation for business owners, helping you strike the right balance between salary and dividends for maximum tax advantages.

• Retirement tax planning: As part of our holistic approach, we offer retirement tax planning to ensure your retirement funds are optimized for tax efficiency. This involves exploring retirement savings options that provide tax benefits, ensuring a comfortable retirement.

5. Business filings support 

• Assistance and support with year-end Annual Return filing with Corporations Canada (for federally incorporated businesses): We provides assistance and support for the year-end Annual Return filing with Corporations Canada. This important filing ensures that your federally incorporated business remains in good standing and compliant with federal regulations.

• Assistance and support with year-end Annual Return filing with relevant provincial corporate registries: We offer comprehensive assistance and support with the year-end Annual Return filing required by relevant provincial corporate registries. This ensures compliance with provincial regulations and helps maintain your business's active status within the province of operation.

6. CFO Services

• Budget Preparation and Implementation: We work closely with management to prepare comprehensive budgets that align with your business goals. We actively monitors budget performance and collaborates with management to reduce variances between budgeted and actual expenses, ensuring financial stability and improved decision-making.

• Cash Flow Forecast and Analysis: We provide insightful cash flow forecasts and in-depth analysis to help you effectively manage liquidity and working capital. Our proactive approach assists in identifying potential cash flow gaps and opportunities, ensuring your business maintains strong financial health.

• Financial Ratios and Health Review: We conducts a thorough review of your financial ratios and overall financial health. We analyze key performance indicators (KPIs) and financial metrics to identify areas of strength and areas that may require attention, helping you make informed strategic decisions.

• Capital Raising Support: We offer strategic support in raising capital for your business growth. From preparing financial documents and projections to assisting in investor presentations, we support to maximizes your chances of securing the necessary funding.

• Vendor Contract Review and Negotiations: We carefully reviews vendor contracts to ensure favorable terms and conditions for your business. We also provide skilled negotiation support to help you achieve cost savings and advantageous contractual agreements.

• Business Problem Solving: Working alongside CEOs and founders, we analyze complex business challenges and provide innovative solutions. We obtain a deep understanding of your business to address problems effectively and keep your business on a path to success.

7. Business Consulting and Advisory Services

i. Advisory

• Accounting System Design & Set-up: We provide guidance and support in designing and setting up efficient accounting systems tailored to your business needs. Our solutions help streamline financial processes, enhance accuracy, and improve reporting capabilities.

• Accounting Manual Preparation: We prepares comprehensive accounting manuals that outline standard operating procedures, ensuring consistency and accuracy in financial recording and reporting.

• App Selections: We offer assistance in selecting and implementing accounting and financial management software that best aligns with your business requirements. We ensures a smooth transition and utilization of technology to optimize your financial operations.

• Employee Expense Reporting System Implementation: We help integrate user-friendly employee expense reporting systems, simplifying expense tracking and reimbursement processes while maintaining compliance with company policies and tax regulations.

ii. Business Consulting       

• New Business Incorporation and Set-up: We provide end-to-end support in the incorporation and set-up of new businesses.

• Registration and Setup with Different Authorities: We handles the registration and setup processes with various authorities, such as tax authorities, ensuring your business complies with all necessary regulations from the outset.

• Business Plan: We assist in the development of comprehensive business plans, helping articulate your vision, mission, objectives, and strategies to achieve success in a competitive market.

• Decision Modeling: We help in decision modeling to make informed and data-driven choices for your business, optimizing resource allocation and evaluating potential outcomes.

iii. Audit Preparation     

• Communication on Your Organization's Behalf with External Auditors: We act as a liaison between your organization and external auditors, ensuring effective communication and a smooth audit process.

• Providing All Required Details and Documents to External Auditors: We gathers and prepares all necessary details and documentation required by external auditors, ensuring a seamless and successful audit.