Let us help you with your Corporate & Small Business Finances
We can show you how to make informed decisions to optimize your taxes.
You can make informed financial decisions.
A corporation is a separate legal entity from its owner and is required to file a separate corporate tax return, known as a T2. While your corporation may be controlled by you, it is essentially its own legal entity. A corporation’s T2 must be filed within six months of the corporate year end to avoid late filing penalties but the tax balance owing must be paid within three months of the corporate year end to avoid arrears interest from CRA.
As part of the process of preparing year-end financial statements, my firm gathers the information required to prepare a corporation’s T2 for you.
If you are starting a new business as a corporation, or transferring an existing business into a corporation, you are able to transfer assets into the corporation on a tax free basis if the proper elections are filed. If you do not file this election to transfer business assets, you could be forced to pay unnecessary taxes. I can help you determine if these elections are necessary and assist you in filing these elections.
We can help you make informed decisions to optimize your tax affairs.
Our affordable pricing plans are customized to fit your unique needs.
We can help you identify:Desired Level of ServiceVolume & Type of TransactionsDegree of Automatable TransactionsYour Ability To Contribute
Custom Pricing Plans
Basic Service
- Concerned with compliance for your tax obligations.
- Designed for the small business owner.
- Perfect for those with minimal bookkeeping needs that just want to keep tax ready books.
- Books are reconciled quarterly, allowing you to keep your books up-to-date for quarterly HST and year-end tax filings.
Basic Service Plus
- Concerned with keeping an eye on the books.
- Designed for the business owner interested in monthly performance, trends, and planning the future of the business.
- You’ll have access to a monthly review of your income and support from our dedicated team of QBO and Xero bookkeepers.
- Books are reconciled monthly, allowing you to maintain better control of your accounts and keep your books current.
- Use of specialized add-ons for your specific needs.
Full Service
- Concerned with keeping an eye on the books and monitoring business performance.
- Designed for the established business with a high volume of transaction.
- You’ll have support from our dedicated team of QBO and Xero bookkeepers.
- Books are reconciled weekly, allowing you to manage cash-flow daily and eliminating the need for an in-house bookkeeper.
- Use of specialized add-ons for your specific needs.
