Taxation – Personal
We provide accurate and prompt service in preparing and filing your Personal Tax Return. Our experienced and highly educated tax professionals will diagnosis your tax situation and prepare your return keeping in mind your needs. You will get the answer to all your questions related to income tax in relevance to your situation. Finally, we will keep no stone unturned, though our fees are very reasonable and competitive.
Taxation – Corporate
Corporate Tax Return (T2), Tax Planning, Preparation of T4, T4A, T5, ROE for your business. We provide Ease-of-Communication Services to our clients. If you do not have enough time to come and see your accountant/tax preparer, don’t worry. Our online/e-mail interactive system would allow you to file your tax return anywhere from your home or work. Please contact us and we will take care of the rest to file your tax return on time without any extra fees.
We offer the one-stop solution for business registration, Incorporation, and planning services. We provide NUANS report service, Federal and Provincial Incorporation, Provincial name registration, Canada Revenue Agency Business Number, WSIB, HST, Payroll, Import/Export account opening and other allied services to our valued clients without any extra cost. Contact us with your business idea only; we will look after all the related requirements so that you can give more concentration on your business operation.
Bookkeeping & Payroll
Our bookkeepers are dedicated to providing you organized paper works in case if you would like to use your own accountants. We use QuickBooks in order to organize your business, so don’t worry about your messy paper works. If you only need us to maintain your books, we also do that for you. If you need a new company set up, we can do that with cleaning up your chart of accounts. Our fees are very competitive in town. You can provide us your messy paperwork weekly, bi-weekly or monthly basis and we will provide you with the reports and financial statements promptly. Moreover, we have expert bookkeepers who are able to work at your premises. Organizing your business is now that easy and convenient!
Financial Accounting & Year End
We review the bookkeeping for you in order to ensure proper classification and accounting treatment for tax and financial reporting purpose.
We review your balance sheet thoroughly by checking each account for missing/un-classified items. In the process of doing this, most income and expense items are covered and cleaned up. Yet, we consider the Profit & Loss Statement and review each of the accounts carefully.
We do ratio analysis for your in order to help you some other aspects of accounting such as partnership dissolution, fraud detection etc. We are experienced to do all these jobs for you accurately and efficiently which would allow you save your valuable time and money.
Purchase and Sale of a Company
Purchasers and sellers of businesses typically have conflicting views regarding the framework of organization transfers. In acquire to attain an efficient conclusion; a single should look for guidance from with a trusted adviser in purchase to make specified the picked method is most useful to you.
The tax also plays a considerable place in the transfer of enterprise ownership. At circumstances supplying an enterprise can decrease money flow taxes, whereas at occasions buying assets can maximize potential deductions. As tax authorities and skilled organization consultants Toronto, we can make specified the extremely best compromise with a big offering and receive choices.
By acting as your adviser, Perfect Accounting can support you deal with most complexities that accompany acquire and sale of a business including the tax, monetary, and administrative factors:-
Properly structuring the get or sale to lessen funds movement taxes.
Evaluating the financial overall health of the enterprise.
Assessing the reasonableness of the cash flow value.
Acquiring financing to fund the purchase.
Finishing due diligence procedures.
Transfer Corporation Ownership
Purchase and Sale Agreement Preparation
Part-time Controller and CFO
Small businesses may not need a full-time Controller or Chief Financial Officer (CFO). But you do need a session board to ensure strong financial management. Our Simulated CFO program offers you the flexibility and depth of experienced talent to fill in the gaps, without breaking the bank. The Controller or CFO picks up where the bookkeeper or general accountant leaves off and before your Auditors or Accountants perform the year-end closing.
Here’s what you get with our Simulated CFO solution:
Assistance in defining long-range plans and the financial goals.
Follow through with bankers, lawyers, vendors, insurance agents, etc.
Negotiation of insurance policies, rental agreements, contracts, etc.
More time to focus on new services, new customers, and other core issues.
The better understanding of your financial information.
Improved capability from clearly seeing your financial situation.
Sounding board to help clarify the financial impact of business decisions.
Budgeting, business planning, cash flow monitoring, etc.
The team at Perfect Accounting will help you prepare budgets for cash flow and profit planning. We help you get better control over your business with vitally important management control tools. Our team will assist with costing your products or services and helping you set realistic financial targets and goals. The Controller can also assist with monthly sales forecasts and order book projections, compare sales needs to inventory or resource capacity.
Business Management Advice
Perfect Accounting goes beyond the budgeting process to proactively help you infer monthly actual results and comparison to prior year results and current year budgets. These reports include detailed KPIs and ratio analysis that apply to critical areas of your business. We work with you quarterly / yearly basis to review your Operating Plan.
Based on business needs, we can assist with working capital or asset financing. We often meet with bankers, private lenders, or institutional investors to meet the cash flow needs of your business. Our Simulated CFO can assist with setting up and monitoring asset-based lending, banking guarantees insurance certificates, Line of Credit, and Letter of Credit.
Business Development Assistance
We will assist you with the development of your tactical plan. Out specific focus is on helping you discover the untouched potential in your business to make it even more profitable. We will be involved in many non-accounting aspects of business development including staffing and hiring, team training, HR management, and customer service strategies and other business areas.
Small businesses benefit enormously when they engage Perfect Accounting as a Simulated CFO Simply because of the cost to outsource this talent is very minimal compared to the salary of a full-time senior manager. As your controller, we can ensure your business is utilizing capital properly, effectively managing cash flow and avoiding a heavy debt-load. As well, we can help you to better manage inventory, help you find the right insurance coverage, and provide tips to help mitigate business and financial risk.