Bookkeeping & Payroll
The business of running your business can be time-consuming and if you are not experienced in bookkeeping you are costing yourself more time and money in the end. Whether you need on- going bookkeeping, periodic bookkeeping, or just the occasional question or two answered, we are ready to help. Our bookkeeping services include:
- Business Revitalization We are experts in bringing clients current that have not done any bookkeeping, financial reporting or taxes in a while and bringing them compliant with CRA)
- Full cycle bookkeeping services (Monthly/Quarterly/Annual)
- Monthly or quarterly reporting, including GST & PST
- Payroll services (Generation and distribution of paystubs, Records of employment, direct deposit, payment of source deductions to CRA)
- CRA and regulatory filings, including T4, T4A, T5018, WCB and ROE’s
- Accounting system setup and support (including Wave, Quick Books, Quick Books Online, Sage, plus others)
- Receipt and Invoice management (use our efficient and simple system to help keep you organized without needing filing cabinets)
Accounting & Assurance
Financial Statement Preparation (Notice to Readers & Review Engagements)
We offer a full range of services for corporate, personal and other organizations, providing
practical solutions each and every time. Our accounting services include:
- Financial statement preparation
- Self-employed, Corporate income tax return integration including preparation and filing
- Key performance indicator reporting – business specific
- Asset management including acquisition and disposals
- Accounting system setup and support
- Financial Statement planning for covenants requirements
- Assurance support and representation
- Custom reporting and analysis
- Tax compliance
- Review Engagement. Whether it is fulfilling a reporting requirement to your financial institution or presenting reviewed financial statements to your not-for-profit stakeholders, the J.R. Accounting team can help you provide the necessary reporting in a cost-efficient manner and, in doing so, provide an important assessment of the adequacy of the organization’s financial results and internal controls.
At J.R. Accounting, our full suite of services enables us to assist your company throughout the year, saving you time and money. We are unmatched with respect to file turnaround time. We help remove the roadblocks you may encounter to ensure you are always current.
Tax Preparation & Planning
Corporate and Personal Taxes
J.R. Accounting CPA’s has an in-depth knowledge of corporate and personal tax and our firm has a solid four-decade relationships with CRA. Several people on our team have been leaders in industry and have applied these services in their own businesses.
This experience and education enable us to assist you with:
- Corporate and/or personal tax compliance
- Ownership structures, incorporation, reorganization
- Owner / Manager remuneration planning
- Tax minimization strategies
- Corporate restructuring
- Purchase structuring
- Succession planning
- Retirement and financial planning
- Cross border tax planning
- U.S. Tax compliance (U.S. Tax for Canadians, U.S. Tax for U.S. Citizens Living in Canada)
- Goods and services tax
- Retail sales tax (“PST”)
- Estate planning & Estate Tax
- Non-Resident Tax filings
- CRA has an ever-changing tax regime, which means an ongoing tax plan a must-have to maximize your wealth by minimizing the taxes along the way.
Consulting & Management Advice
Led by Leo Sousa, CPA, CA, B.Comm (Hons), Our advisory services are designed to help your business or organization and its unique needs. We can help guide you through growth, expansion, partnerships, acquisitions, sales or retirement. Our consulting professionals have the knowledge, skills and experience to help your organization achieve success in a variety of areas including:
- Business plans for expansion or start-up
- Lender Financing
- Strategic planning
- Performance improvement (improving the bottom-line)
- Organization structure
- Financial Forecasting & Budgeting
- Financial Analysis and due diligence for acquisitions, start-ups or franchises
- Succession and estate planning
- High level and practical tax planning
- Mergers, Acquisitions & Divestitures
Senior level stewardship is critical for any company irrespective of its size. We have a strong track record of leading companies with revenues from $1 million to $50 million. We can help you increase cash flow, improve profitability, grow sales and create company value. As your part-time CEO/CFO, we can provide the leadership of senior-level chief officers, but on an as needed basis at a scale you require.
Contracts & Negotiations
We have extensive experience and expertise in contract management and contract negotiations including buying and selling companies on behalf of our clients.
- NDA Development
- Building the Prospectus
- Offer Development
- Marketing Support
- Developing and Reviewing Proposals
- LOI support
- Working Capital Adjustments
- Tax Strategies
- Deal closures
From building the prospectus to developing the NDAs to helping with the Letter of Intents and the due diligence. We can manage the entire process and do not take a commission. Our clients have been very pleased with the results. Contact us to see what makes our process better.
Additional Services
If you do not see a specific service being offered through our website that you need, we suggest that you call us and ask if we can help as there is very few things that we have not had experience with. A few additional items not included in other pages of this site:
Tax Recovery
Banking problems
Record Searches
Commissioner of Oaths
CRA intermediary
Financial Reporting (FOFI)
Non-Profit and Charitable Services,
Budget Variance Analysis
Confidential Investigations,
Electronic Tax Services
Dual Citizen Tax Returns
Dual Status Tax Returns
Property Tax Challenges
Fixing Previously Filed Tax Returns
Tax Arrears Negotiations
Truckers GST Filing,
Disability Tax Credit
Disability Tax Benefits
Tax Sheltering
Tax Receipt Preparations
Gambling Win Taxes