Corporate Services

Corporate Tax Returns

Whether or not you should incorporate is a question asked by so many business owners.  Each situation is different.  We can discuss the pros and cons of staying a sole proprietor or incorporating.

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Much like any small business, it starts with accurate and timely bookkeeping.

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The corporate services that we offer can be tailored to your individual needs.  We do not take a cookie cutter approach.

• General ledger and financial statement preparation - giving you a timely snapshot on the profitability and viability of your business

• Computerized accounting system setup or transition to a computerized system

• HST calculations and filing of returns

• Payroll services from calculating your weekly / biweekly payroll to the preparation of the CRA related compliance forms - T4 / T4A / T5 and Summary reports

• WSIB calculations, remittances, and reconciliation

• Asset continuity schedules - to give you precise asset valuation

• Preparation of the Financial Statements, T2 Federal Return and related schedules

Corporate Planning

Your corporation is a separate entity from you.  You do the work, you make the calls.  However, the tax rules that apply to the corporation are complex and ever changing.

It's our job to with you to minimize the tax exposure of your business in order to retain funds in your corporation and help you see your hard work pay off.

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Few questions to consider that we can work through with you are

• Should you take a pay cheque?  Or dividends? What are the tax implications for both?

• Can you pay family members from the corporation?

• How do you ensure a smooth transition from your ownership of your business to family or a new owner?