Personal Taxes
We serve a variety of individuals from employed, students, retired seniors and investors to self-employed, commissioned salespeople, professionals, real estate agents, renters and business partnerships.
 
  We:
• Collect and organize your tax related documents
• Correctly classifies income from various sources
• Determine the deductibility of expenses
• Maximize the utilization of non-refundable tax credits.
• Prepare personal income tax returns
• Determine tax payment requirements and installments schedules
• Interprets tax assessment and re-assessments documentation
• Prepare T1 adjustments if needed
We prepare your statement of business activities, statement of rental income, calculating capital gains/losses on your investment portfolio, and preparing allowable business investment losses calculations.
We ensure that the needs of each of our clients are met with convenient, accurate, and affordable preparation of all types of tax returns. Our services are confidential, affordable, and in compliance with accounting industry standards. We will prepare your T1 Personal Income Tax Return and applicable schedules by considering all applicable tax credits and deductions to minimize your tax owing and maximize your tax refund.
 

Corporate Tax Returns
We prepare corporate tax returns for small and medium size businesses, family-owned businesses, owner managed business, professional services corporation, personal services and other corporations.
• Prepare corporate income tax returns
• Determine tax payment requirements and installments schedules
• Interpret tax assessment and re-assessments documentation
• Interpret tax filing requirements in accordance with the Income Tax Act
• Evaluate the applicability of taxation rules and regulations as they relate to the organizations
• Inform client businesses with respect to payroll taxes and other deductions that must be made to meet tax regulations.
• Consider clients activities and transactions from tax perspective with the view to minimize future tax liabilities.
We give advice to growing owner-managed businesses to help them ensure their business is structured to manage tax now and in the future, analyze the tax implications of business decisions, and select the best structure for proposed transactions and new investments.
Whether you are a Canadian Controlled Private Corporation (CCPC), Professional Corp., Personal Services Corp., or a holding company we will maximize your Small Business Tax Deduction and minimize your tax bill.
 

Accounting Services
Accounting is the process of:
• Recording
• Classifying
• Summarizing and
• Interpreting the results of a financial activity
We give advice to growing owner-managed businesses to help them ensure their business is structured to manage tax now and in the future, analyze the tax implications of business decisions, and select the best structure for proposed transactions and new investments.
Whether you are a Canadian Controlled Private Corporation (CCPC), Professional Corporation, Personal Services Corporation, or a holding company we work to maximize your Small Business Tax Deduction and minimize your tax bill.
 

Bookkeeping Services
The law requires businesses to maintain books of original entry sufficient to determine that all taxes have been collected, paid and assessed. Additionally, your business needs to keep records so you can measure your progress and identify opportunities to grow. Bookkeeping and financial record management are essential to your business success.
We offer bookkeeping services to small businesses in Greater Toronto Area. Whether you need a bookkeeper on site or at our office, we can help. We offer bookkeeping services on monthly, quarterly, yearly or as needed.
Contact us to help you:
• Establish an appropriate record keeping system using QuickBooks or Simply Accounting
• Ensure that you and your employees are trained in its use if needed
• Make sure that your records are organized and complete
• Your business is government compliant and that all deadlines are met
• Your payroll is administered properly and deductions are calculated accurately, and remitted on time
• Reconcile bank and related accounts
A well-designed system saves time and money, and provides quick access to the information necessary for day-to-day decision making.

Tax & Payroll Deductions
Harmonized Sales Tax (HST), Goods and services tax (GST) and payroll deductions are held in trust for Canada Revenue Agencies. These taxes and deductions must be remitted on time and in full despite of your cash flow conditions. Interest or interest and penalties on failing to remit or late filing can be significant.
We can help you:
• Prepare and filing accurate returns
• Remittances on time resulting significant amount of savings in interest and penalties
• Work with you to resolve cash flow problems if any
• Provide guidance and assist with the preparation of regular payroll transactions
• Prepare annual T4 and other government filings
We offer complete payroll preparation and payroll tax reporting services. We also prepare WSIB and Employer Health Tax (EHT) remittance returns and electronic filing options.

Tax Planning
All owners managed family owned businesses and corporations are faced with the issue of how much they should pay themselves to minimize the impact of tax. As we are familiar with a number of methods of increasing your bottom-line while lowering your pay-out of income taxes, payroll taxes, and taxes on investments, let us show you how to lower your tax bill.
Need one-on-one tax advice? Meet us and get the personalized attention and support you deserve.
• Minimizing your tax bill
• Advice on CRA review or audits
• Assistance with handling disputes with CRA
• Transferring or selling shares in your corporation
• Decisions about incorporating your business
• Advice on paying yourself salary vs. dividends
• Setting up a Holding Company
• Advice on maximizing your shareholder loans

Determine Your Business Structure
Most organizations have three forms of business structures from which to choose:
• Proprietorship
• Partnership
• Corporation
 
The business structure you choose will determine the taxes that you pay as well as your legal liability. The right business structure will maximize the potential of your business and help you avoid surprises at tax time.
Ask us to help you identify the most appropriate structure for your business.
 

Year End Financials
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. We will perform a review of your fiscal year-end statements including compiling the accounting information, preparing the necessary adjusting entries and preparing financial statements.
 
 
 

New Business Start-up
You want to start a business because you are an entrepreneur with a great idea and the vision to realize it. And we're here to help you do just that. Contact us to help you:
We want you to focus on what you do best - building your business - while we provide all the necessary background support.
 
  What we do:
• Preparing a detail business plan
• Determining the best structure of your business: sole proprietorship, partnership, or limited company
• Registering or incorporating business as needed
• Registering and obtaining Business Number (BN), HST and Payroll set-up for your new business with Canada Revenue Agency (CRA)
• Evaluate the applicability of taxation rules and regulations as they relate to the organizations
• Tax Planning
• Setup Chart of Accounts and General Ledger
• Provide ongoing support as and when required

Computerization of Books of Accounts & Training
We have over 10 years experience in setting up your QuickBooks or Simply Accounting company file and have worked with many companies to convert their existing accounting system to QuickBooks or Simply Accounting.
We provide extensive training to help your business get the most out of QuickBooks program, 3 to 5 hours QuickBooks training program will be more than enough to get the most out of it. We will guide you through all your questions and bookkeeping issues specific to your business and demonstrate how to reconcile books of account including sales, accounts receivable, accounts payable, bank etc., so you and your staff can work more efficiently and cost effectively with QuickBooks.
 

Medical Doctors & Dentists
Medical professionals, and in particular, doctors and dentists, enjoy income splitting opportunities unique to their professions. On the other hand, they face many of the same business and investment challenges as our other clients.
Our involvement will generally encompass acting as accountants for the professional’s medical/ dental practice and providing the related tax advise and tax compliance services. We also may provide our expertise with various aspects of that individual’s investments and wealth management, as described more fully in that section of our service description.
With the recent changes that will expand the tax benefits of incorporation for medical professionals, we are poised to assist our medical professional clients to navigate the tax planning opportunities and ownership options. Further, the lower corporate tax rates should allow the doctor or dentist to accumulate more investment assets in a company. This may again make our investment accounting and tax services more necessary and useful.

Business and Professional Practices Incorporation
The business structure you choose will determine the taxes that you pay as well as your legal liability. The right business structure will maximize the potential of your business and help you avoid surprises at tax time. Incorporate your business is one of the business structures that you can choose. There are many issues that need to be addressed before a decision to incorporate is made. It is best to discuss your requirements with us as we are highly specialized in small businesses and professional practises incorporation.
» Articles of Incorporation   » Directors Registers
» Share Certificate   » Shareholder Registers
» Initial Return   » Securities Register
» Name Reservation Report   » Security Transfer Register
» Bylaws   » Additional Share Certificates For Future Use
» Resolutions of the Board of Directors      
 

Dental / Medical Practice Permit
A Professional Corporation must have the capacity to practice in the medical or dental field as per the permit issued by the College of Physicians and Surgeons or the Royal College of Dental Surgeons.
Once incorporation done we process the following documents to obtain practice permit:
› Application for a Certificate of Authorization for a Health Profession Corporation
› Statutory Declaration executed by the Director
› Certificate of Status of the Corporation- Original
› Notarized Copy of the Articles of Incorporation
› Undertaking in Form C
› Undertaking in form D 
Once you receive the Certificate of Authorization we provide ongoing support to start your professional practice under the name of corporation.