Small Business Accounting, Bookkeeping,
Income Tax Planning and Tax Preparation

We can provide any amount of accounting that you might require.

For your month-to-month accounting needs we can set up a system for you or refer you to a computerized system or we can look after all your month-to-month accounting needs for a low monthly price that includes:

• A statement of income
• A statement of cash flow
• Payroll
• Provincial Sales Tax filings
• Goods and Services Tax filings
• Workers Safety and Insurance Board filings
• Dealing with all tax authorities on your behalf

For your year-end accounting needs we also offer a comprehensive service that includes:

• Financial Statements
• Tax Planning
• Business Income Tax Returns
• Personal Income Tax Returns
• T4s and T4 Summary

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Financial Business Planning

(For Starting and Managing a New Business)

Quite often, the success or failure of a business depends on how well the main aspects of the business are considered and planned for. Starting a new business without a plan is like starting on a long voyage in a new land without setting specific destinations and without a road map.

With your input, we will prepare a financial plan that will assist you in formulating your goals and in determining how best to reach those goals given the financial and managerial resources available.

Among the many things that must be considered when starting a new business are:

1) A pre-opening budget: This will determine what funds to allocate to such things as equipment, furniture and fixtures, leasehold improvements, inventory etc.

2) A sales budget: A well researched estimate of what prices to charge for the goods or services offered as well as what total sales are probable in the short, medium and long term.

3) A costs budget: A well researched estimate of all variable and fixed costs that may be involved in running the business as well as all taxes that may be involved. Again these should be determined for the short, medium and long term.

4) A calculation of the break-even point at various stages of the business.

5) A balanced allocation of available and future funds to ensure the survival of the business during those difficult first years.

6) A month-to-month analysis of budgeted vs. actual results to determine the direction of the business, to make any necessary changes to the management of the business and to update the budgets and break-even points.