Bookkeeping is essential as it provides a clear picture of your financial health, helps in making informed business decisions, ensures tax compliance, and prepares you for audits. Accurate bookkeeping also aids in tracking profitability and managing cash flow effectively.

Bookkeeping should ideally be done on a regular basis, such as weekly or monthly, to keep your financial records up-to-date and accurate. Regular updates help avoid discrepancies and make financial management more efficient.

Absolutely! Our team can assist in setting up your bookkeeping system, ensuring it's tailored to your specific needs and integrates seamlessly with your business operations.

We employ rigorous checks and balances, including regular reconciliations and reviews, to ensure the accuracy of your financial records. Our experienced team of bookkeepers is meticulous and detail-oriented, minimizing the risk of errors.

Getting started is easy! Simply contact us through our website, call our office, or fill out our 3-minute form to receive an instant quote. We’ll discuss your needs and tailor our services to fit your requirements.

Yes, we offer packages that combine bookkeeping with other accounting services such as tax preparation, financial management, and audit defense. Contact us to learn more about our bundled service options.

Corporate taxes are a legal obligation for businesses. Proper management of corporate taxes ensures compliance with tax laws, avoids penalties, and can provide opportunities for tax savings through strategic planning.

In Canada, corporations must file a corporate income tax return annually. The return is generally due six months after the end of the corporation’s fiscal year.

Our team of tax professionals regularly participates in training and education programs, and we closely monitor updates from the Canada Revenue Agency (CRA) and other relevant authorities to ensure we are always informed about the latest tax laws and regulations.

We employ rigorous review processes and use advanced tax software to ensure the accuracy of your corporate tax return. Our experienced accountants meticulously check all entries and calculations to minimize errors.

Getting started is easy! Simply contact us through our website, call our office, or fill out our 3-minute form to receive an instant quote. We’ll discuss your needs and tailor our services to fit your requirements.

Yes, we offer packages that combine corporate tax services with other accounting services such as bookkeeping, personal taxes, financial management, and audit defense. Contact us to learn more about our bundled service options.

Filing personal taxes is a legal obligation for individuals with income. It ensures compliance with tax laws, allows you to claim eligible deductions and credits, and helps you avoid penalties and interest for late filing or non-compliance.

In Canada, the deadline for filing personal income tax returns is April 30th of each year. If you are self-employed, the deadline is extended to June 15th, but any taxes owed must still be paid by April 30th.

Our team of tax professionals regularly participates in training and education programs, and we closely monitor updates from the CRA and other relevant authorities to ensure we are always informed about the latest tax laws and regulations.

We use advanced tax software and employ rigorous review processes to ensure the accuracy of your personal tax return. Our experienced accountants meticulously check all entries and calculations to minimize errors.

Getting started is easy! Simply contact us through our website, call our office, or fill out our 3-minute form to receive an instant quote. We’ll discuss your needs and tailor our services to fit your requirements.

Yes, we offer packages that combine personal tax services with other accounting services such as financial management, audit defense, and bookkeeping. Contact us to learn more about our bundled service options.

You might be audited for various reasons, including discrepancies in your tax returns, random selection, unusually high or low income compared to others in your industry, or business activities that the CRA considers high risk for tax evasion.

The CRA will notify you in writing if you are being audited. This notification will typically outline the scope of the audit and specify the documents and information required.

We will need access to your financial records, including tax returns, receipts, invoices, bank statements, and any correspondence from the CRA. Our team will provide a detailed checklist to ensure we gather all necessary documents.

We employ a meticulous approach, thoroughly reviewing your financial records and identifying any discrepancies or issues. Our experienced team of accountants and tax professionals ensures that all responses to the CRA are accurate and well-documented.

Getting started is easy! Book your FREE intro call with on of our experts today! We’ll discuss your audit notice and tailor our services to fit your requirements.

Incorporating your business can offer several advantages, including:

• Limited liability protection for personal assets
• Potential tax benefits and planning opportunities
• Increased credibility and professional image
• Easier access to capital and funding
• Continuity and transferability of ownership

In Canada, the main types of corporations are:

• Federal corporations, which allow you to operate across Canada
• Provincial corporations, which allow you to operate within a specific province
• Professional corporations, which are designated for certain professionals like doctors, lawyers, and accountants

The incorporation process typically takes a few days to a few weeks, depending on whether you are incorporating federally or provincially, and how quickly you can provide the required information and documents.

Absolutely! Our experienced team will assess your business needs and goals, and provide expert advice on whether a federal, provincial, or professional corporation is best suited for your situation.

Yes, we offer packages that combine incorporation services with other accounting services such as bookkeeping, tax preparation, and financial management. Contact us to learn more about our bundled service options.

Virtual CFO services provide your business with expert financial management without the cost of a full-time executive. Benefits include improved financial planning and analysis, cash flow management, budgeting, forecasting, and strategic financial advice to help grow your business.

Businesses of all sizes can benefit from Virtual CFO services, especially small to medium-sized enterprises (SMEs) that require advanced financial guidance but cannot afford a full-time CFO. Startups and growing businesses can also leverage these services to scale effectively.

To provide effective Virtual CFO services, we need access to your financial records, including:

• Financial statements (income statement, balance sheet, cash flow statement)
• Budget and forecast data
• Accounting software access
• Any other relevant financial documents and information

Our team will guide you through the process of securely sharing this information with us.

We use advanced financial management software and tools to ensure accuracy and reliability. Our experienced team of financial experts employs rigorous review processes and industry best practices to deliver precise and actionable financial insights.