Doing the numbers
It’s so much easier for so many of our customers when we get all this sorted for you.
Maintaining appropriate records of accounts by verifying back up, posting, balancing and allocating transactions – QuickBooks or Sage accounting systems.
Setup accounting systems
setup including COGS and inventories: Small businesses require Chart of Accounts and reports pre-set in their accounting systems as per their individual requirements. Special COGS/Inventories calculation may be complicated by freight and customs duties. We do this complex set up work for your employees to use on their own.
Preparation of employees’ salaries, wages, bonuses and withholdings, benefits, vacations, etc, with source deductions and remittances to CRA.
Restoration of books
In case your primary documents were lost or destroyed, the accounting records can be restored based on your bank statements, Vendors / Customers reconciliations.
Personal Tax return - T1
All citizens, Permanent Residents or workers must file their tax return (T1 General) annually with Canada Revenue Agency (CRA), declaring any income earned for the year before the deadline of 30th of April every year.
Corporate Tax return - T2
GST & Other Services
Businesses in Alberta with transactions over $30, 000 within the province must file GST
Provincial sales tax
When doing business in other Provinces, the respected Sales tax – PST- or Harmonised sales tax- HST needs to be charged on goods/services and periodic returns filed with local Provincial Governments on the amounts collected and remitted to provincial Ministries of Finance.
Outsourcing Controller for your business
Small Businesses need Controller Function that can be provided on an hourly basis. It saves your payroll, time and office working place. Temporary help to substitute your own staff on vacation or long term sick leave.
Any question you may have or concern about your personal or corporate tax, bookkeeping.
LMIA opinion to Calgary Immigration/CRA.