As a business owner, you’re interested in growing your business and achieving new levels of success in the future. But you still have to report on what’s happened in the past, if only to pay your taxes, although there may be other reasons. And you still need to have accurate bookkeeping and financial statements so that you know what’s happening in your business and can make strategic business.
We have years of experience delivering high-quality accounting and assurance services. Although we don’t conduct audits, we can recommend another firm should one of our clients require an audit. We have elected to avoid audits because we cannot offer bookkeeping services to our clients if we are also responsible for their audit. We can, however, prepare a Compilation (Notices to Reader financial statements).
Our goal is to make your bookkeeping as simple as possible. It’s the 21st century and technological solutions exist to streamline bookkeeping for today’s entrepreneur. While you still need strong advice, putting the technology in place to automate various accounting functions will make your life easier and free up time and energy you can use to develop your business.
Our Accounting & Bookkeeping Services
Small Business Bookkeeping
Well-kept books and up-to-date accounting give you the ability to make better decisions in your business. We help you understand what goes wrong with small business bookkeeping, what to look for in a bookkeeper, and how we handle bookkeeping for our clients.
Accounting Software Setup
With the financial functions of your business on autopilot, you’ll have more time and less stress. Accounting software is changing the way entrepreneurs handle the backend of their businesses. We help our clients select and implement the right software for their needs and teach them what they need to know to use it.
With technology, payroll headaches have almost become a thing of the past. Unfortunately, errors still occur. If you’re struggling with payroll problems, reducing the chance of errors can help reduce your overall stress.
GST, HST, & PST Advisory
If you sell to customers locally or in other provinces, you need to understand what’s expected in terms of GST, HST, and PST. We help you determine what you need to collect, when you need to file, and more.
Financial Statement Preparation
Every business needs financial statements but what level of assurance do they require? Understand the difference between audits, reviews, and NTRs to help you determine what’s best for your business.
If the tax authorities question your tax filings, you will likely have to pay your accountant or lawyer to prepare and submit responses to the CRA. This can get very expensive and often outweighs the value of the tax benefit. Our Audit Shield fee waiver service covers our fees for responding to the CRA’s requests, giving you peace of mind.
Contact us today to discuss your bookkeeping and accounting requirements.
Our Popular Accounting / Bookkeeping Packages
Untangled: Small Business Accounting
With Untangled Small Business Accounting Services, your bookkeeping and cash flow problems disappear. You no longer have to worry about the nightmare of poor, sloppy bookkeeping and you’ll prepare the groundwork for better financial decision-making and a smoother ride for you and your business.
Unburdened: Outsourced CFO Services
Don’t have the financial information you need to make strategic decisions? Are you constantly anxious, wondering if you’re taking the right steps to get where you want to go. Running a business is your passion but it’s also become a burden that is robbing you of peace of mind and an enjoyable life.
Unleashed: Strategic Planning
You’ve been in business for a while now, but your sales and growth aren’t meeting your expectations. You might not even fully understand what’s wrong; all you know is you’re working too many hours and not reaching your goals.
Turbocharge your business, build its value, and take it to unimaginable heights with our Unleashed Strategic Planning Services.
Accounting Information You Should Know
Financial Vs. Management Accounting
There are actually two types of accounting. Discover why the type you’re most familiar with is actually the least helpful for business owners and why the second type is critical to your business’s success. Learn more about financial and management accounting.
Accrual vs Cash Accounting
Although cash basis accounting may be adequate for some businesses, accrual accounting has several important advantages.
Cash Flow Analysis
Understanding cash flow is often the biggest headache for entrepreneurs simply because they don’t know how to manage it. Get a better understanding of cash flow and how you can start to improve it immediately.
As companies grow, they often require outside financing. Discover the types of financing available, the financial reporting requirements for each type, and what banks look for when making financing decisions.