Corporate Services
We take pride in completing quality work to help you achieve positive results.
Our intention is to build strong relationships so we can better understand your business and financial goals.Starting a New Business
Starting a new business can be a very exciting time. You're finally in control of your own work and schedule. You also get to make all the business decisions which can be a fun new challenge. Below are some of the common questions that we can help answer.
Should I incorporate or operate as a sole proprietor?
How do I pay myself? Salary or dividends?
How much should I pay myself?
How do I pay my employees?
Do I need to register for GST? and how do I register for GST?
What expenses are tax deductible?
When are my taxes due? and approximately how much do I need to set aside?
How do I lower my taxes? Can I split income with my family?
Running a Growing Business
Once your business is established it is a good idea to review your business structure, how finances are handled, and tax planning strategies. The approaches that served you as a new business may no longer be optimal. Below are some questions that we can help answer
Should I start making budgets?
How can I minimize my corporate and personal taxes?
Can I split income with family members?
How much should I set aside for taxes?
How can I better forecast and manage my cash flow?
How can I protect the assets that are in my company from lawsuits?
Should I obtain financing to help my business grow?
Business Professional or Independent Contractor
After being an employee for most of your working career, you’ve decided to incorporate and become an independent contractor. This is significantly different than being an employee and it’s easy to get in trouble with CRA. We can help you avoid the common pitfalls of this transition. Below are some of the questions that we can help you answer.
How do I pay myself? Salary or dividends?
How much should I pay myself?
What business expenses are tax deductible?
Do I need to register for GST?
When are my taxes due?
What are the new reporting obligations with the Canada Revenue Agency that I must follow?
Help with late tax filings
Are you receiving letters or phone calls from the Canada Revenue Agency (CRA) about missed tax returns or other reporting obligations? Being behind on your tax filings is stressful. The uncertainty of taxes owing, penalties, and accruing interest can become overwhelming. It is important to file late returns as soon as possible to avoid further charges which can add up quickly.
Regardless of whether you are behind on personal tax returns, corporate tax returns, or GST returns we can help! Our goal is to file late returns in a manner that will minimize taxes owing and set you up for future tax savings.