341 Main Street North, Suite 215, Brampton. ON L6X 3C7

Info@fintaxgurus.ca

Professional accountants do a lot more than just taking care of the accounts and finance of the business. There is a wider aspect to the role and duty of an accountant that most people fail to realize. These professionals are not just financial record keepers; they also act as advisors and strategists to the business owners. It is their job to give sound financial advice to the business owners, directed towards the growth of the business.

 

PROFESSIONAL ACCOUNTANT IN BRAMPTON – WAYS THEY HELP A BUSINESS OWNER



  Given below are a long list of roles and responsibilities that are integral to the job of an accountant.

  BUSINESS VALUE The first and foremost job of an accountant is to make the owner understand the value of his/her business. This is very important, even though they do not have any intention to sell the business. Understanding the value helps the owner to set business goals for the betterment and more profit.

  TAX SAVINGS An accountant can help a business owner save a lot of money in taxes by making sound financial decisions. The tax savings can be further utilized as an investment for the growth of the business.

  TRACKING THE CASH FLOW An accountant keeps checking on the cash flow of the business. It helps in building the right strategies business-wise. Analyzing that data can help the accountant forecast growth opportunities and also take quick action in case of a financial crisis.

  BUSINESS DISCIPLINE Discipline is very important in every aspect of life, even in business. An accountant helps the business owner to develop good and fruitful financial habits. This helps in saving time and money when the owner is filing for an audit.

  SAVES TIME An accountant takes a huge load off the owner’s shoulder by looking after the finances and accounts of the business. While they take care of the money matters you can relax and take care of the operations part of the business. It saves time which one can channel in the growth of the business.

  ACQUIRE FINANCIAL FUNDING In case a business requires funding, the accountant will find the right channels to get monetary help from. In such a case it is best to take advice from the accountant instead of going at it alone.

  IDENTIFY MONETARY ISSUES An accountant is capable to detect bad debts of the company and products that will incur a loss. They will address such issues and give proper solutions to counter that.

  Therefore, a good professional accountant in Brampton can make a huge difference in the growth and running of a business. The input from such an individual is beneficial for both the company and its employees.

Our Services

Book-Keeping

We maintain the books of accounts in the computerized format using the most popular accounting software of Canada, i.e. QuickBooks. We regularly monitor Books of Accounts and Accounting Records of all clients to ensure its compliance with Accounting Standards and Procedures. We do year end closing and prepare Balance Sheet and Profit & Loss for all clients.

Taxation

Our services include Tax Planning, preparing Financial Statements and Business Plan, Filing Personal Tax Returns, Corporate Tax, GST/HST returns, HST rebate applications

Payroll Services

We prepare payroll cheques/ direct deposit, administer payroll services, issuing of T4s, ROEs. Filing WSIB returns, EHT returns, Payroll information return etc. We closely monitor the status of client’s file on CRA website to ensure its full compliances.

Tax Planning & Business Set Up

Our extensive assistance in Tax planning includes choosing the type of business, business setup, project report, Capital Budgeting, Annual Budgeting advice etc.

What's New

Filing your income tax and benefit return on time helps prevent delays in receiving your benefits and credit payments.

Important facts Most Canadian income tax and benefit returns for 2016 are due on April 30, 2017. However, as this date is a Sunday, the CRA will consider your return filed on time and your payment made on time if the Canada Revenue Agency (CRA) receives your submission by midnight on May 1, 2017, or if it is postmarked May 1, 2017.

Self-employed individuals and their spouses or common-law partners have until June 15, 2017, to file their income tax and benefit returns, but any balance owing is still due on or before April 30, 2017.

Last year, 84% of Canadians filed their return electronically.

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