Our Services
Business / Corporate Registration
Looking to start your business?
We, THE ACCOUNT MANAGERS, help in setting up the ideal business structure based on your needs. We assist in filing all the required documents necessary for your business registration with either the Federal or Provincial governments.
Do you think incorporating your business would reduce your tax liability?
This may not always be true. As accounting professionals, we would analyze the nature and financial situation of your business and then recommend you the best suited approach applicable for your business.
FORMS OF ORGANIZATION
SOLE PROPRIETORSHIP
You are the sole owner of the business and are responsible for the profits and losses made by the business.
We, as THE ACCOUNT MANAGERS can help you in setting up your business as per your business requirement in a cost efficient manner.
PARTNERSHIP
You and your partner jointly start a business and do not want to incorporate your business. Based on the agreement, you establish the terms of your business with your partner which can related to profit – loss sharing, liability and dissolving of the business.THE ACCOUNT MANAGERS can assist with you and your partner(s) in registering your appropriate partnership firm.
CORPORATION
Your incorporated business is treated as a separate legal entity. This can be done at the federal or provincial level. Being a shareholder of the corporation, you will not be personally liable for the debt and obligations of the corporation.
THE ACCOUNT MANAGERS would help in establishing your corporation in a professional manner.
Please complete the attached form and we shall be happy to reach out and discuss the best suited registration required for your business.
Payroll Services
Payroll is one of the most vital compositions of business operations. It’s important to pay your employees on time but also to meet the surrounding tax and benefits obligations. At THE ACCOUNT MANAGERS, we strive towards providing on time payroll statements with detailed information to improve the productivity and simplify the admin work for the business.
BENEFITS OF PAYROLL SERVICES
- Reports and financial documents are easily available.
- Supports compliance with the CRA, WSIB, Service Canada (EI and CPP) and the Provincial Government.
SERVICES OFFERED
- Complete Payroll forms.
- Prepare payroll on a weekly, bi-weekly, semi-monthly, or monthly basis (Just send us the employee wise hours worked!)
- Calculate bonuses or commissions, if any.
- Prepare and reconcile Payroll tax remittances.
- Prepare Record of Employment forms.
- Prepare and reconcile T4s, T4As and summaries.
- Prepare and reconcile WSIB remittances.
- Review and advice on any garnishment notice received against any employee(s).
Please complete the attached form and we shall be happy to reach out to discuss your Payroll service requirements.
Personal Taxes
Looking for someone to file your personal taxes?
THE ACCOUNT MANAGERS helps in filing your personal taxes in a professional and accurate manner.
With the changing rules yearly, it’s difficult to utilize all the options, but you don’t need to worry about it we’ve got you covered. We keep a close watch on the amendments to the Federal and the Provincial Tax Laws in order to maximise the value for our clients while minimise your taxes!
SERVICES OFFERED
- T1 – Personal Tax returns for individuals, Sole proprietorship, self-employed and partnerships
- Meticulous tax planning and advising on various government tax benefits and savings plans in order to reduce tax liabilities and maximise tax refunds.
NEWCOMERS TO CANADA
New immigrants can feel overwhelmed to file their first tax return. To add on, there are quite a lot of benefits to be availed which most of them are unaware about.
At THE ACCOUNT MANAGERS, we help newcomers to file their taxes in an efficient and proper manner.
Please complete the attached form below and we shall be happy to file your personal returns.
Corporate Taxes
Filing your corporate taxes can become complex and confusing, especially when you’ve got a business to run. Also, wrong filing can cause problems like penalties and interest charges.
At THE ACCOUNT MANAGERS, our aim is to help you file your taxes accurately and to obtain tax optimisation. We help our clients understand the tax implication of their business decisions, throughout the year, to avoid year-end surprises.
SERVICES OFFERED
- Review of business transactions on a monthly/ quarterly basis to help provisioning for corporate taxes payable.
- Review and advise the clients on their tax installments payable during the year.
- Analyse the nature of various transactions and advice on their tax applicability.
Please complete the attached form and we shall be happy to reach out to discuss your Corporate Tax requirements.
Property Accounting
In a self-managed condominium corporation, the board members also act as property managers and manage the day-to-day affairs of the condominium. However, this clubbed with their routine work often leaves them with very little time to manage the accounting of the Condominium.
At THE ACCOUNT MANAGERS, we can provide accounting services for your condominium. Having to outsource this service, the management will have relieved itself of the much cumbersome and time consuming tasks. Our Property Accountants are experienced in Commercial and residential condominium accounting, so you need not be concerned about quality offered.
SERVICES OFFERED
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Monthly/ Quarterly financial statements which include:
- Accounts Receivable Reports
- Budget comparison Report
- Bank reconciliation Report
- Accounts Payable Report
- Investment and Payroll Report
- Full General Ledger
- Preparation of year end audit and liaison with the auditors
- Filing HST returns to CRA
- Assisting the board with budget preparation
Please complete the attached form and we shall be happy to reach out to discuss your Property Accounting requirements.