Services
Bookkeeping
Bookkeeping is the systematic and accurate recording of all financial transactions of a business. This includes managing income, expenses, invoices, salaries and payments. The goal is to ensure clear and up-to-date accounting, facilitating the preparation of financial statements, calculating taxes and monitoring profitability. Good bookkeeping is essential for informed decision-making and tax compliance.
Notice to Readers, Financial Statements
These financial statements must be prepared in accordance with current accounting standards, such as Accounting Standards for Private Enterprises (ASPE) or International Financial Reporting Standards (IFRS), depending on the type of business. These documents are essential for assessing the financial health of the business and are often required for tax filings and reporting to investors or creditors.
Banking conciliations
The process of comparing a company's internal financial records with bank statements to ensure that balances and transactions match. This helps detect and correct any errors, omissions, or fraud, ensuring the accuracy of accounts and the reliability of financial reports. Regular reconciliation helps maintain accurate financial management and avoid problems during audits or tax filings.
Tax returns (T2/CO17)
Businesses, including corporations, must file separate tax returns depending on their structure (e.g. CO-17 for corporations in Quebec). These returns include business income and eligible expenses. Deadlines vary depending on the structure of the business.
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