Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
Audits, Reviews and Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:
Audit - an intensive examination with the highest level of assurance
Review - some analytical procedures conducted with limited assurance
Compilation - based upon client information provided and used primarily for internal use
In an increasingly complex financial world, you need someone that you can trust to evaluate your organization’s finances and test your internal controls to ensure that you have a foolproof finance and accounting system in place.
Starting off his career at one of the Big Four firms, Gurwinder Singh Shekhon, CPA auditor, CA has extensive experience in audit and assurance services for private and not-for-profit organizations. Our comprehensive process is tailored to your company’s needs and is designed to verify successful management of funds, test your internal controls and help you gain a better understanding of your finances to improve future planning and forecasting.
Our audit and assurance services include:
- Financial Statement Audit
- Audit review
- Risk Assessment
- Financial reporting
- Financial forecasting and advisory
- Notice to Reader
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. We can take the pressure off by maintaining accurate day-to-day financial records for your business, allowing you to focus your energy on future opportunities and growing your business.
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.
Accounting system setup for new businesses
For new businesses, we design and setup your accounting system to reflect the uniqueness of your company. Since one accounting system does not fit all, we recommend and install the appropriate software based on the type and volume of your source documents and the periodic reports which you require.
By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include, but are not limited to:
Tax Planning & Preparation - Individuals, Self-Employed, Corporations, Estates & Trusts, Not-for-profit organizations
Tax planning and preparation form a winning combination for our successful individual and business clients. Our experienced staff can develop tax-minimization strategies to optimize your after-tax position.
Our objective is to enlighten you with a general understanding of the results that can be achieved through a proper tax planning. The basic goals of tax planning (in the limits of Income Tax Act Rules and Regulations are):
- Tax avoidance or reduction
- Tax deferral
- Income splitting
Estate & Trust Tax Preparation
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
Federal and Provincial Sales Tax (GST, HST, PST and QST)
Many of our clients are responsible for collecting and submitting sales taxes in many different jurisdictions. We can assist your company in the compilation of information and preparation of sales tax returns, and in controlling your sales-tax-related costs.
IFTA (Fuel Tax Reporting for Transport Companies)
Each quarter, you are required to complete and file a single quarterly fuel tax return for the fuel you used in all provinces and states that are members of the International Fuel Tax Agreement (IFTA). Yourpayment of any balance due must be enclosed with your return.
We will help you file you all your IFTA returns on time.
The following are just a few of the areas in which we provide consulting and other services:
Buying/Selling a business
Financial and retirement planning
Part-time CFO/Controller services