Services for newly formed business ventures (first year) ...
Planning discussion (1 hour)
Discuss your decision to incorporate - are YOUR reasons valid?
Separate fact from fiction in this key decision - practical answers in plain English
Answer YOUR questions on any type of business start up tax or accounting issues
Review 5 points we believe are key to ensuring first year success with income tax and accounting issues
Discuss a key tax and cash flow decision many people don't realize is a choice
Get me started
Incorporation - step by step description of actions required
Complete all paperwork & forms for 1/ Incorporation 2/ CRA registration
How do I pay myself?
Key area - planning is required to get this right for you and also meet CRA requirements
Salary vs Bonus vs Dividends vs Loans - explanation in plain English
Business expenses
Personal vehicle and home office costs: Can I deduct these? How?
First year coach
In your first year, NEW tasks are everywhere including accounting, tax, and keeping CRA happy
For key "Corporate" areas, this flexible service offers an experienced review: are you on track?
What we do
- YOU schedule a series of 1 hour discussions (eg quarterly)
-
YOU choose the topics - areas you want reviewed or input or confirmation
Possible topics
- How to pay your self
- Business expenses
- Income tax compliance
- Accounting records
- GST
Shareholder agreements
Review for possible income tax issues or optimization
Profit sharing formula's - independant evaluation and review of alternative approaches
Financing
Do you need it ? How to apply for it ? Do a cash flow projection ...
Financial statements
What are they? Who needs them? How do I read them?
Accounting Services
Record keeping - accounting system 1/ choice 2/ setup
What are my options for getting my accounting work done right?
If I do not keep well organized accounting and tax records - what are my risks?
Compliance Advice
Paying yourself , Payroll for employees , GST
Other advisors
Do you have effective working relationships with Bankers, Lawyers, and Insurance providers?