Financial Accounting

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• Year End Work:

  • Financial Statement preparation (Notice to Reader)​

  • Adjustmenting journal entries

  • Bank reconciliations

  • Corporate tax return preparation

  • Year end tax planning, including shareholder remuneration

• Accounting for investments (stocks, bonds, options, mutual funds etc.)

• Tax provision computations (current & deferred taxes)

• Bookkeeping
   

Tax Consulting & Advisory

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• Succession planning

• Corporate reorganization and capital restructuring

• Business and professional incorporation

• Asset rollover (tax deferred asset transfer into a corporation)

• Shareholder remuneration planning (ex: salary v.s. dividend)

• Analysis of hypothetical and real tax situations

• Advance Income Tax Rulings and Interpretations (from CRA)

• Employee stock option plan analysis

• Formal tax opinion and tax research
   

Tax Dispute Resolution

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• Tax audit defence (including attending CRA auditor meetings)

• Formal objections and appeals to an assessment

• Tax collection defence and negotiations

• Tax amnesty (Voluntary Disclosure)

• Taxpayer relief and fairness requests (penalty and interest cancellation)

• Client representation with taxing authorities such as CRA and provincial authorities
   

Tax Returns & Other Compliance

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• Individual Income Tax Return preparation (including: deceased individuals, bankruptcy and other special cases)

• Corporate Income Tax Return preparation

• Trust Income Tax and Information Return

• T3010 - Registered Charity Information Return. As a contribution to the community, this service is offered to registered charities at 75% of normal rates

• T-Slip Preparation - Payroll (T4), Investment income (T5), Self-employed commissions income (T4A), NR slips and others

• GST/HST/PST return preparation

• Non-residents
   

Scientific Research & Experimental Development (SR&ED) Tax Credit

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• Assistance with determination of qualifying SR&ED expenditures

• Assistance with costing of SR&ED activities and projects, including salaries, materials, and capital expenditures

• Preparation of Federal and Provincial SR&ED claims

• Assistance with claim defence during CRA audit

• SR&ED claims for individuals (ex: professors, engineers)
   

Business Acquisitions & Sales

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• Assist in assets vs shares purchase decision making

• Analysis of tax implications of sale or acquisition

• Planning for a future sale

• Risk analysis in respect of tax positions

• Structuring for maximum tax savings now and in the future
   

Payroll

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• Preparation of customized pay stubs

• Preparation of T4 Information Return