If you operate a small business in Canada, it is important for you to track all revenue streams and business expenses to make sure that you have enough cash on hand. Maintaining proper financial records will help you analyze the financial state of your business. With proper bookkeeping, you can prepare the CRA taxes and also able to see the patterns and draw comparisons on the current year and the last year's financial figures. In this way, you would be able to identify areas where you can reduce costs. The data comparisons on different cost elements of your business will help you re-strategize and make adjustments to ensure you stay on top of your business. Moreover, keeping financial and tax records is mandatory by law for at least six years. Archiving corporate financial records both on paper and in digital form can have additional security.
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Bookkeeping
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Tax Advisory
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Audits and appeals
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Compilation Engagement Report
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Historical accounting and compliance catchup
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Payroll
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Corporate Restructuring
Personal Taxes
If you operate a small business in Canada, it is important for you to track all revenue streams and business expenses to make sure that you have enough cash on hand. Maintaining proper financial records will help you analyze the financial state of your business. With proper bookkeeping, you can prepare the CRA taxes and also able to see the patterns and draw comparisons on the current year and the last year's financial figures. In this way, you would be able to identify areas where you can reduce costs. The data comparisons on different cost elements of your business will help you re-strategize and make adjustments to ensure you stay on top of your business. Moreover, keeping financial and tax records is mandatory by law for at least six years. Archiving corporate financial records both on paper and in digital form can have additional security.
Bookkeeping
Tax Advisory
Audits and appeals
Historical accounting and compliance catchup
Payroll
Corporate Restructuring
Personal Taxes play a crucial role in funding government activities and public services. They provide the necessary revenue for public infrastructure, education , healthcare , defense, and social programs. Taxes also contribute to wealth redistribution and economic stability, helping to reduce inequality and support those in need. Additionally , they help maintain law and order by funding law enforcement and judicical systems. Overall, personal taxes are essential for a society .
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Tax filing
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Estate planning
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Lifetime Capital Gains exemption
Outsourcing offers several benefits, including cost savings, access to specialized expertise, and increased efficiency. By outsourcing certain tasks or functions to external providers, companies can focus on their core competencies and strategic initiatives. this can lead to improved productivity and innovation. Additionally, outsourcing allows businesses to tap into a global talent pool, accessing skills and knowledge that may not be available in-house. it can also provide flexibility in scaling operations up or down based on demand. Hovever , careful consideration of factors like quality control, security, and potential cultural differences is important when deciding to outsource
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For CPA and accounting offices
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For group of companies
If you operate a small business in Canada, it is important for you to track all revenue streams and business expenses to make sure that you have enough cash on hand. Maintaining proper financial records will help you analyze the financial state of your business. With proper bookkeeping, you can prepare the CRA taxes and also able to see the patterns and draw comparisons on the current year and the last year's financial figures. In this way, you would be able to identify areas where you can reduce costs. The data comparisons on different cost elements of your business will help you re-strategize and make adjustments to ensure you stay on top of your business. Moreover, keeping financial and tax records is mandatory by law for at least six years. Archiving corporate financial records both on paper and in digital form can have additional security.
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Financing and business plans
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Quickbooks Onboarding