Whether you need one-on-one training for you and your staff or big picture tax planning advice, you’ll receive an individualized approach with high quality service and support.
Financial Statements + Tax Returns
The backbone of our service is preparing your year end financial statements and tax returns. Far in advance of preparing the year end you will have determined what type of engagement you need. This decision will be largely based on what level of report your banker or governing organization requires.
Over the years we have come up with a process that works well for our clients to meet their filing requirements efficiently and effectively. We will keep you informed of the progress of your year end as we go through it, and contact you with questions or issues requiring clarification.
Once your year end package is prepared, we will have you come to the office to meet with us and review your results. This is an opportunity for us to ensure that you understand your financial statements, and it allows you to take the time you need to ask any questions you have. It also sets you up for the coming year, ensuring you know your installment requirements, and that you have a clear picture of where your business has been and what you’re planning to accomplish in the year to come.
Tax planning is an ongoing process that evolves as your business develops. When we meet to review your year end we will discuss issues that have come to our attention, and help you make a plan going forward. Call us anytime during the year though, as things come up, we are there as a resource for you.
Examples of some common issues clients want to address are: whether you should pay yourself salary or dividends; how much you should pay yourself, whether to make your grown children shareholders of the corporation, should you buy or lease your company vehicle, what is the easiest way to meet your HST filing obligations, or what should you do with the cash that building up in your corporation. All tax planning issues are highly personal, we will take the time to make sure we understand your overall situation and come up with a plan tailored to suit your goals.
PERSONAL TAX RETURNS
The majority of our business clients also have us prepare their personal tax returns prepared by us. We find this is efficient from a tax planning perspective, because we know what the rest of your financial situation is.
We also prepare personal tax returns for non-business clients. We can help you make the most of the credits and deductions available to you and assist you with your tax planning.
For our non-business clients, we do have a minimum charge per return, please contact us for details. Our firm is not set up to handle a high volume of low complexity returns. This allows us to focus our efforts on our business clients, use our skills to provide tax preparation for more complex tax filers, and provide our clients with a high level of service.
We can do your bookkeeping:
- in house
- we can train you to do your own bookkeeping
- or we can provide assistance to you or your external bookkeeper
to make sure everything that needs to get done is getting done. Norrie has helped dozens of clients get set up on a bookkeeping package, and she’s there to help anytime you get stuck.