Accounting Services

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↪ Corporate year end and tax return filing

↪ Bookkeeping

↪ Books set-up for new and existing businesses

↪ Payroll services

↪ GST, PST, Worksafe BC reporting

↪ Review engagement

↪ Personal Income Tax

↪ U.S. personal income tax

↪ U.S. corporate tax filing for Canadian corporations

↪ Tax planning and consulting

↪ Corporate reorganizations

↪ Real-estate, property management and lawyer’s trust examination

↪ CRA clearance certificate for non-residents of Canada - Form T2062

↪ Estate and trust

We have listed most common services we provide, however, if you require a specific service that is not listed here, please feel free to contact us regarding your tax and accounting needs.

We offer year-end financial package to our corporate clients. Corporations in Canada are required to prepare financial statements and file a corporate tax return annually. Financial statements are prepared in accordance with applicable accounting standards and conform to bank requirements. We can prepare your financial statements either as a compilation (Notice to Reader) or as review engagement depending on your needs and objectives.

Corporate tax returns are most commonly prepared as a part of year-end engagement. Corporate tax returns have to be filed every year with CRA, even if corporation is inactive. If your company has received a letter from the Canada Revenue Agency with a demand to file your outstanding corporate tax returns we will assist you bringing your company back into compliance with CRA.

We provide full cycle bookkeeping services that could be set-up on a monthly, semi-monthly, quarterly or annual basis. Source documents can be dropped-off or electronically submitted. Punctuality, accuracy and meeting the reporting deadlines are guaranteed.

We provide consulting regarding best structure and set-up of chart of accounts, document templates, selection of accounting software, registration with the Canada Revenue Agency for GST, payroll and income tax; and other government entities such as BC Ministry of Finance for collection of PST; WorkSafeBC for WCB insurance. We provide new business owners with knowledge of best practices for revenue recognition, tax deductions, recordkeeping, import and export tax rules, as well as tax deadlines.

We have Certified Quickbooks Advisors as part of our team, our firm is a member of the Quickbooks ProAdvisor program. We provide set-up, support and training for Quickbooks software, both desktop and online versions.

• Payroll calculations, payroll remittance, taxable benefits
• T4 slips, Record of employment (ROE)
• T4-A, T5018 slips – reporting payments to subcontractors
• NR-4 slips – reporting of withholding from payments to non-residents of Canada

We provide electronic filings of these reports for clients who do not require bookkeeping service or are able to provide their own records to our bookkeepers to facilitate reporting.

Banks often require enhanced financial statements for their purposes. Our firm is licensed for assurance services and we provide clients with financial statements prepared in accordance with the review standard. Many non-profit organizations are also required to present reviewed financial statements at their annual general meeting.

We recommend engaging a professional accountant if client has any of the following tax items:

• Business income
• Foreign income
• Rental Income
• Investments
• Foreign assets
• Sale of the Canadian real-estate property
• Sale of foreign real estate property
• Entering Canada: Newcomers, Dual-Status Taxpayers
• Leaving Canada: Non-Resident tax filing
• International Taxpayers
• Deceased taxpayer

We specialize working with the individuals who have foreign assets, international investments, Canadian real estate property owned by non-residents of Canada and the taxpayers with U.S. tax filing requirements. We can assist non-resident taxpayers to request the CRA compliance certificate with respect to sale of Canadian real-estate property and facilitate the refund of tax withholding held by your notary or lawyer.

We prepare U.S. Income Tax Returns, certain U.S. Trust returns and Foreign Bank Accounts Reports (FBAR).

The individuals that could be in need of U.S. tax filing include, but are not limited to:

• Canadian visitors to the United States who stay in the U.S. for extended periods of time;
• Canadians who are working or doing business in the U.S.;
• Canadians who own rental property in the U.S.;
• Canadians who sold real estate property in the U.S;
• Canadians who had gaming winnings from the U.S. and would like to apply for refund of tax withholding;
• U.S. citizens living in Canada who must file a U.S. tax return every year;
• U.S. citizens who have not been in compliance with IRS and would like to voluntarily resume tax filings;

If you are in one of the described categories, please contact us to assess your particular situation and determine your filing status.

IRS imposes severe penalties for non-filers. Please note that certain exemptions from income, foreign credits or withholding taxes under IRS Tax Code or the U.S. - Canada Tax Treaty could be applicable to you if filed on time; therefore, timely filing is highly encouraged.

For more information please visit U.S. Taxpayers page.

Well thought-out tax planning for your business and personal affairs can create a lasting financial benefit. What the tax consequences for an investment you are planning to make? Considering whether it is worth incorporating your business or not? Considering buying new business or expanding the existing one? Considering sale of your business or passing it to the next generation? Planning expansion to the U.S. or international markets? We can offer you expert assessment of your situation and constructive advice regarding your tax matters.

Our firm is licensed for assurance services with CPA BC. We provide trust audits and examinations of trust accounts for lawyers, mortgage brokers, real estate agents and property managers. All examinations are done in strong conformity with requirements of relevant governing organization.

We provide Estate tax planning and preparation of the final tax return.