Bookkeeping Services (starting at $500/month)

1. General Ledger Management: Maintaining the general ledger, which includes recording all financial transactions. 

2. Accounts Payable and Receivable: Managing invoices, processing payments to suppliers, and handling customer payments. 

3. Bank Reconciliations: Reconciling bank statements with the company's financial records to ensure accuracy. 

4. Financial Statement Preparation: Preparing essential financial statements, such as the balance sheet, income statement, and cash flow statement. 

5. Expense Tracking: Monitoring and recording all business expenses to provide a clear picture of the company's spending. 

6. Payroll Bookkeeping: Recording payroll expenses and ensuring proper accounting of employee salaries, benefits, and deductions. 

7. Cash Flow Management: Monitoring and managing the flow of cash in and out of the business to ensure liquidity. 

8. Budgeting and Forecasting: Assisting in the creation of budgets and financial forecasts to help businesses plan for the future. 

9. Tax Record Keeping: Organizing and maintaining records required for tax filings, ensuring compliance with tax regulations. 

10. Inventory Management: Tracking inventory levels and costs to help businesses manage their stock efficiently. 

Taxation Services

1. Basic Canadian T1 return: $150.00 (single), $250.00 (couple)  

2. Self-Employed return (one business statement completed and provided by client): starting at $300.00  

3. Rental income return (one rental statement completed and provided by client): starting at $300.00  

4. T2 Corporate return, financial statements completed and provided by client: starting at $1,000.00  

5. Business GST/HST return, starting at $200.00  

6. Prior-year tax return adjustment, correcting for additional tax slips $100.00 (existing clients only)  

Advisory Services (starting at $1,000.00)

1. Financial Performance Analysis:  
   • Analyze financial statements and key performance indicators (KPIs). 
   • Offer insights into profitability, efficiency, and liquidity. 
   • Benchmark performance against industry standards. 

2. Budgeting and Forecasting:  
   • Assist in creating realistic budgets and cash flow forecasts. 
   • Provide advice on cost control and resource allocation. 
   • Identify potential financial risks and opportunities. 

3. Risk Management:  
   • Identify financial and operational risks. 
   • Develop mitigation strategies to reduce the impact of uncertainties. 
   • Provide guidance on internal controls and compliance frameworks. 

4. Digital Transformation and Technology Implementation:  
   • Advise on selecting and implementing accounting or ERP software. 
   • Provide guidance on automating financial processes. 
   • Assist with cybersecurity and data protection measures. 

Payroll Services (starting at $200/month)

1. Payroll Processing: Calculating employee wages, withholding taxes, and generating paychecks or direct deposits. 

2. Tax Filings: Preparing and filing payroll-related tax returns and remitting payroll taxes to the Canada Revenue Agency (CRA). 

3. Compliance: Ensuring adherence to federal, provincial, and local payroll regulations and laws. 

4. Employee Pay Stubs: Providing detailed pay stubs to employees, showing gross pay, deductions, and net pay. 

5. Year-End Reporting: Preparing T4 and T4A slips for employees and T5 slips for other income. 

6. Payroll Audits: Conducting internal audits to ensure accuracy and compliance with payroll processes. 

Financial Reporting Services (starting at $1,000.00)

1. Preparing Financial Statements: This includes the balance sheet, income statement, cash flow statement, and statement of changes in equity. 

2. Compliance with Standards: Ensuring reports adhere to accounting standards, such as IFRS (International Financial Reporting Standards) or GAAP (Generally Accepted Accounting Principles). 

3. Reconciling Accounts: Verifying that transactions are accurately recorded and balances match across records. 

4. Disclosure of Notes: Providing detailed explanations about specific financial statement items, accounting policies, and risks. 

5. Internal Reporting: Generating internal reports for management to support decision-making. 

6. Audit Coordination: Working with auditors to verify accuracy and ensure compliance. 

WSIB Reporting Services (starting at $500.00)

1. Insurable Earnings Reporting:  
   • Calculate and report insurable earnings for employees. 
   • Ensure accurate classification of earnings based on WSIB guidelines 

2. Premium Calculation and Payment:  
   • Determine premiums based on insurable earnings and WSIB rates. 
   • Submit payments on time to avoid penalties or interest charges. 

3. Record Keeping:  
   • Maintain detailed records of payroll, earnings, and WSIB-related transactions. 
   • Ensure records are organized for audits or reviews. 

4. Reconciliation:  
   • Reconcile WSIB statements with internal records to identify discrepancies. 
   • Address any errors or adjustments promptly. 

5. Classification Management:  
   • Ensure business activities are correctly classified under WSIB's classification structure. 
   • Update classifications if business activities change. 

6. Clearance Certificates:  
   • Obtain clearance certificates for contractors to confirm their WSIB compliance. 
   • Keep records of these certificates for future reference. 

7. Claims Management:  
   • Track WSIB claims and their financial impact on premiums. 
   • Include claims-related costs in financial reporting. 

8. Annual Reconciliation:  
   • Complete the annual reconciliation of insurable earnings and premiums. 
   • Submit the reconciliation report to WSIB as required. 

9. Compliance Monitoring:  
   • Stay updated on WSIB policies and rate changes. 
   • Ensure ongoing compliance with WSIB regulations.