Client Services

At Aabacus we are not just accountants, we are problem solvers.

At the heart of these services is the desire to help you keep your tax liabilities to a minimum, improve your profits, increase the value of your business and invest your wealth wisely.

  • Everyone wants to pay less tax, and so do we. We ensure you don’t pay more tax than you need to

  • We are your first port of support call us before every business and commercial decision is made

  • No business is alike. We’ll get to know your business, your business goals and we’ll do everything we can to make them a reality.

  • We’ve seen it all. We have experience and knowledge and offer a reliable service to work around many issues you face whether you’re a start-up business, seeking to grow or looking for business exit.

  • We ensure you are paying the minimum tax, your profits and cash flow are maximised, you have useful up-to-date accounts information, a clear business strategy, your business systems run smoothly and your accounting fees represent value for money.

  • Whether you are an owner-managed business, a local or national company, a charity or a small business poised to grow, we have the expertise to help you.

  • We help people whose business means everything to them... people with the energy and ambition that means we just can’t help but live and breathe their business.

 

 


Accounts and Financial Statements

Accounts and Financial Statements

 

Accounts and Financial Statements:

We are not just accountants, we are problem solvers.

No business is alike. We’ll get to know your business, your business goals and we’ll do everything we can to make them a reality. 

We are your first port of support call us before every business and commercial decision is made

Getting it right first time. Every time.

Managing your accounts and preparing your financial statements is essential for the success of any business, large or small. If you’re having trouble finding the time, we can help. As CPAs we have decades of experience and we’re very good at what we do. if you need help with your annual financial statements or bookkeeping and office support, let us know.

We can help

  • Complete bookkeeping services where required
  • Prepare your financial statements
  • Prepare your HST/GST returns

 

 

 

 

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Audits, Reviews and Compilations

Audit, Review and Compilation

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.

As licensed CPA we are legally entitled to undertake audit and review work. We see auditing and reviewing financial statements as an opportunity – a chance for companies to step back and take a look at their performance.

Audit – Audit can be beneficial as well as delivering you assurance on the accuracy of your accounts and financial statements. We can analyse the report to identify opportunities for business development and expansion.

Review – Do you want to check health of your company? Want to determine the success and effectiveness of a particular aspect of your business? We can assess what you could improve and how your systems and processes could work better for you!

Compilation - based upon client information provided and used primarily for internal use.

We can help...


Prepare and submit your audit and review
Prepare and submit specialist audits such as grant audits , charities audits, and other audits or reviews
 

And the benefits for you...


Identify and assess any risks within your business
Assess financial trends within your business
Provide assurance to your potential funders and stakeholders
Benchmark you against similar organizations

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Tax Planning and Tax Compliance`

Tax Planning and Tax Compliance

Tax planning and Tax compliance

Tax Planning

Everyone wants to pay less tax, and so do we. The way to achieve this is through careful tax planning. Tax planning involves thinking ahead to create a strategy that helps minimize the amount of taxes you pay.

Tax legislation and tax rates are constantly changing. Ensuring you comply with your personal and corporate tax requirements is essential; especially as CRA now have heavy penalties for late filing.

 We can help you with...

  • Personal Tax
  • Advice on tax and your employment status
  • Preparation of your self-employment tax returns
  • Advice on the tax for overseas properties, assets and residence
  • ensure that your will is drawn up to maximize tax efficiency
  • the tax issues with probate for executors and acting as professional trustees or executors
  • Personal Tax investigations
  • Corporate Tax
  • tax planning advice for companies of all sizes
  • Partnership and unincorporated business tax planning
  • help with HST/GST and other indirect taxes
  • capital gains tax advice to maximize exemptions and reliefs
  • capital allowances and property tax
  • accessing research and development tax credits
  • the tax implications of employee share stock option
  • Tax and HST/GST investigations and reviews

We can help with

  • Personal tax
 
  • Advice on personal income tax and your employment status
  • Preparation of your tax return
  • Advice on the tax for overseas properties, assets and residence
  • The tax issues with probate for executors and act as professional trustees or executors

We can help with

 

  • Corporate Tax
 
  • Corporation tax returns for companies of all sizes
  • Unincorporated business tax returns
  • Advice on employee taxation, for both employers and employees
  • Help with HST/GST and other indirect taxes
  • Capital gains tax advice to maximize exemptions and reliefs
  • The tax implications of share stock option
  • Tax and HST/GST investigations and reviews

 

Tax Investigations

  • Tax investigations are on the increase as CRA looks to tax to reduce the Government budget deficit. Tax investigations can be disruptive, intrusive and expensive, often lasting for many months and sometimes years. Anyone who completes a tax return can be selected at random for a tax investigation. Win or lose you will always have to pay the cost of fighting the tax man.

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Tax Preparation

 

 We can help you with...

  •    Personal Tax
  •    Advice on tax and your employment status
  •    Preparation of your self-employment tax returns
  •    Advice on the tax for overseas properties, assets and residence
  •    Ensure that your will is drawn up to maximize tax efficiency
  •    Personal Tax investigations
  •    Corporate Tax
  •    Tax planning advice for companies of all sizes
  •    Partnership and unincorporated business tax planning
  •    Help with HST/GST and other indirect taxes
  •    Capital gains tax advice to maximize exemptions and reliefs
  •    Capital allowances and property tax
  •    Accessing research and development tax credits
  •    The tax implications of employee share stock option
  •    Tax and HST/GST investigations and reviews

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Federal and Provincial Sales Tax (GST, HST, PST and QST)

Federal and Provincial Sales Tax (GST, HST, PST and QST)

Many of our clients are responsible for collecting and submitting sales taxes in many different jurisdictions.

We can assist your company in the compilation of information and preparation of sales tax returns, and in controlling your sales-tax-related costs.

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Business Services

Business Start-ups

Business Start-ups

  • Starting up a new business can be very daunting with so many aspects to consider - finance, tax and legal structure.  Whether it is a full-scale business plan or advice on HST/GST we are here to help you have the most tax efficient and appropriate legal structure

 

We can help you...

 

  • Choose the most suitable legal structure for your business
  • Register your new business with CRA
  • Advice on tax efficient business set up
  • Provide advice on choosing accounting software
  • Free Bookkeeping spreadsheet (if needed) and bookkeeping training
  • Prepare a business plan, cash-flow projections and budgets
  • Assess what finance you need and how you can access it
  • Identify the full range of allowable business expenses
  • Help you maximize the profits in your business

 

Business Plans

Do you need to attract investment? Secure a loan? Or do you have decisions to make about your company´s future and where you want to go?

Why not let us help you prepare a business plan that is robust and comprehensive to your needs helping you to approach potential backers with confidence.

Forecasting and budgeting

Precise and dependable forecasts are fundamental for driving your business forward. Budgeting and cash flow forecast provides a unique insight into your company’s potential which has great importance to third parties such as banks and other stakeholders.

Abacus can offer you an impartial verification of your records, which will help you to manage risk, safeguard your assets, reinforce, advisors

Payroll and Employee benefits 

Our payroll service can assist you with payslip preparation, joiners and leavers, record keeping, CPP or QPP, EI and other statutory payments.

Ensuring this part of your business runs like clockwork. At the end of the Tax Year you can rely on us to deal with T4s and T5s returns. We also advise you on the employment tax, WSIB liabilities and can offer advice on tax planning issues for your payroll function.

If you find you just don’t have the time to run your payroll, we can help and make the process smooth, efficient and hassle-free.

We’ll give you expert and knowledgeable advice on:

  • Tax efficient and flexible benefits
  • Employer pension arrangements and personal pension planning
  • Employee stock option

We have all the latest computer software capable of processing payroll, so you don’t need to invest in payroll software.

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Corporate finance and Strategic planning

Corporate finance and Strategic planning

Our Corporate Finance team offer a complete range of deal and transaction support. 

Whatever your size, we work to achieve what you want in the simplest, most straightforward way possible.

We will negotiate to bring the participants together into one successful deal including satisfying professional funders.

We can help you with...

  •       Management Buy Outs and Buy Ins
  •       Mergers and Acquisitions
  •       Disposals
  •       Development Capital
  •       Finance Raising and Private Equity
  •       Intellectual Property and Corporate Licensing
  •       Due diligence reports

Strategic planning

Abacus uses investigative tools and systems to help you concentrate on the exact performance indicators underpinning your business, facilitating a more victorious plan for the future.

 

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Financial Forecasts & Projections

Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability.

From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

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