Financial Statements

• Prepare Financial Statements including Balance Sheet, Income Statement, and Statement of Cash Flows, in accordance with applicable professional standards.
• Provide supplementary notes to the Financial Statements, maintain a fixed asset listing, provide an inventory summary and prepare accounts receivable and accounts payable reports.
• Provide a higher level of assurance on the Financial Statements with our Review Engagement Reports.

Bookkeeping

• Assist in the compilation of information and preparation of sales tax returns tailoring our services to your requirements from full HST reporting to assistance with compliance issues.

Harmonized Sales Tax

• Assist in the compilation of information and preparation of sales tax returns tailoring our services to your requirements from full HST reporting to assistance with compliance issues.

Accounting System & Records Maintenance

• Assist with a variety of accounting and management software suitable for agricultural or small business enterprises and provide electronic maintenance advice.
• Assist those who prefer to maintain manual records.

Payroll reporting

• Develop a payroll system and prepare all necessary payroll returns in a timely manner (T4, EHT, etc.).

WSIB

• Assist with all WSIB reporting.

Owner/Manager Remuneration Issues

• Balance your remuneration issues to include the right mix of salary and dividends for your particular situation.

Forecast, Projections, Cash Flow & Budget Analysis

• Forecast your financial position and cash flow sources and uses based on different scenarios and action plans you have in mind.
• Meet with you monthly, quarterly, or annually to record all deposits and disbursements including any HST reporting.

Business Assessments & Ratio Analysis

• Prepare a detailed financial analysis of your business identifying trends compared to industry standards.
• Calculate various financial ratios for your unique business or farm operation.
• Prepare a report with recommendations and suggestions to improve your bottom line.

Re-organization

Select the appropriate structure for your business including:

• Proprietorship
• Partnership – formation or dissolution
• Trust – formation or distribution
• Corporation – formation, dissolution, wind-up or amalgamation

Succession Planning

Succession is the transfer or sale of a business to a new owner or the next family generation. A detailed plan will help you deal with issues such as:

• Labour
• Management
• Decision-making
• Ownership

Estate Planning

Estate planning deals with how your assets (property, money, investments, insurance, collections, etc.) will be distributed upon death. An estate plan includes:

• Financial and tax planning
• Business succession planning
• Wills and power of attorney
• Trusts and living wills
• Funeral planning

Purchase of All or a Portion of a Business

• Assist with all aspects of the successful purchase of a business including cash flow projections and transition planning.