Does your business need financial statements prepared to meet the requirements of external parties (i.e. shareholder(s), investors or bank etc.) Our professionals can help you determine what type of business financial statements best serve your needs. We guide you in preparing financial statements and help you understand them by providing clarity to the reader of the financial statements. A Notice to Reader Financial Statements, also known as a compilation engagement, is prepared with the information provided by the client with no assurance. We do not perform an audit or a review engagement in respect of these financial statements and, accordingly, we…
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Notice to Reader Financial Statements
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Review Engagements and Audits
Our professionals at the firm determine the client’s needs and identify the needs of other users regarding financial statements and prepare the financial statements accordingly. In review engagement, we provide moderate levels of assurance that the financial statements conform to generally accepted accounting principals. Our professionals at the firm gather sufficient evidence and perform procedures upon which to form a negative form of communication regarding whether the information being assured is fairly presented.
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Audit Engagement ReportĀ
The objective of an audit engagement is to enable the independent professional to issue an opinion on the fairness of the financial statements. An audit is meant to provide the highest level of assurance on financial statements of a business. Our professionals perform methodical review and objective examination of the business financial statements. The work that is required during an audit included reviewing internal controls, testing selected transactions and communicating with third parties. Based on findings, the chartered professional accountant issues a report on whether the business financial statements are fairly stated and free of material misstatements.
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Trust Audits and special engagements
Professionals such as Lawyers and Real Estate Agents keep funds on behalf of their clients in their trust accounts. There are special kind of rules for these trust accounts and a Trust Audit is designed to ensure compliance with these rules. Our Professionals will prepare a Trust Report as per procedures provided by the relevant Professional Standards Regulation Board. Furthermore, Public Accountants are often asked to provide assurance on an entity’s compliance with statutes, regulations and agreements by producing special reports.
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Cloud Accounting
We use cloud accounting software. We are QuickBooks Pro Certified and use it for full-service engagements, but we will work with any other software.
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Bookkeeping
We provide real time bookkeeping to ensure you get the right information when you need it. All bookkeeping is completed using a paperless and virtual approach.
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Payroll Management and Sales Tax
We can file sales tax returns including GST, HST, PST and QST as required to ensure you are fulfilling your reporting requirements. For payroll, we will prepare your scheduled payroll, or we will discuss options using cloud payroll application. Payroll includes remittance filing, T4’s and direct deposit.
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Personal and Corporate Tax Services
We provide tax preparation services for individuals, self-employed, rental businesses, private companies, trusts and estates. We recognize the importance of providing competent tax advice to our clients to achieve significant tax savings. Maximize your net income by minimizing your tax burden Personal income tax rates are much higher than corporate income tax rates. We help you with your tax planning to ensure that all deductions and available credits are claimed. We offer a variety of accounting services for our clients, which range from personal tax planning to Trust and Estate planning. Our professionals will help you reduce your overall tax burden. As…
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