Strategic Tax and Accounting Group
If you are looking for business accounting in Ottawa, you are in the right place. Our services are ideal for both small and medium-sized businesses. We can help set up a new business or clean-up an existing venture. At Charles Ghadban Accounting, we understand that no two requirements are the same and work with a personalized approach to better understand your business. Since 1992, we have been working towards helping our clients succeed and achieving complete client satisfaction. Speak to us for more information.
Business Tax Strategies
Planning to pay less tax. As with all other aspects of your business, having a plan will ensure you are taking full advantage of all the options available to you. By taking a proactive approach in creating a tax strategy, together we will help you minimize your tax liability now and in the future.
Business Advisory and Consulting
Sometimes a little guidance is needed. Sometimes a lot of guidance is needed. Regardless of which, we offer a full range of business advisory and consulting services designed to help people achieve not only their business objectives and financial targets, but their personal goals as well.
Organize Your Business
There are many ways you can structure your business. Which structure works the best for you? We will help you understand the pros and cons of each and we will assist you with organizing or re-organizing your business.
Taxes are a fact of life. They affect everyone in almost everything they do — whether it’s earning an income, making a purchase, owning property, investing, running a business, or transferring your estate, taxes are part of it. While the Income Tax Act was created specifically to ensure that everyone pays their fair share, it also affords all taxpayers the right to organize their financial affairs in such a way so as to minimize their taxes whenever and however possible within the legal confines of the Act. That is the objective of tax planning, that is how we help.
The biggest mistake many people make is to wait until taxes are due. Throughout the year there are many financial decisions that can be made that could significantly impact the amount of taxes owed. For a business, minimizing the tax liability can provide more money for expenses, investment, or growth. Planning and monitoring during the year will make a difference with your taxes come the end of the year.
At its core, tax planning is the process of organizing finances in such a way to take advantage of the many rules that allow you to maximize the amount of income you keep each year. While the process is essentially the same for any taxpayer or business, it may entail different types of tax strategies depending on your particular situation. Strategies for deferring or splitting income, deferring or maximizing retirement contributions, capital gains or losses, property ownership, dividends vs payroll, how your business is organized or succession planning can be different in each situation. So the strategy must be developed specific to your needs and goals. Our services are:
Tax Audit and appeals assistance
Buying/selling all or part of a business
Corporate or partnership dissolutions or reorganizations
Corporate tax planning
Corporate tax preparation and filing
Due diligence assignment
GST/HST audit and appeals
GST/HST audit and appeals (objections)
GST/HST preparation and filing
Mergers and acquisitions
Personal tax preparation and filing
Strategic and integrated tax planning
Tax amendments (corrections)
Tax audit and appeals (objections)
Trust and estate tax preparation and filing
Helping You and Your Business
Need a little guidance? Could use some objective input on an issue? We can help. We offer a full range of business advisory and consulting services to support you and your business at every stage of its lifecycle.
As a start-up business, you want to get your business off on the right footing so are able to concentrate on making your business a success. We will help you define and set-up your business properly, apply for any financing, and provide the necessary support you need in building a profitable business. You may be at a point that you are looking to grow your business and you want to make sure your business is able to take on the growth, or you may be experiencing unplanned growth and you want to make sure your business has the cash flow to sustain it. We provide consulting services to help you manage the growth.
Are you ready to transfer your business to the next generation or, are you wanting to sell? What If it is a business that cannot be sold, what is the best way to wind it down? We can guide you with making decisions regarding ownership, maximizing your company’s value, creating a tax efficient strategy and establishing a timeline to ease you out of your business. There are also times where there are issues with your business that you are not sure what is the exact cause is. We can help assess and pinpoint the cause and implement solutions to help improve your business to be more efficient and profitable. Our advisory and consulting services include:
Business interruption loss
Business plan development
Business purchase assistance
Corporate tax planning
Financing and credit assistance
GST and PST audits
GST and PST consulting
Tax Audits and Appeals
Incorporation and consulting
Policies and procedures development
Organizing Your Business
Which Structure Works for You?
Now that you have decided to start your own business, you will have to determine what business structure or form of organization suits your needs. The structure of your business will depend on whether you want to run your business yourself or with a partner or associates. There are three types of business structures: sole proprietorship, partnership and corporation. Each of these structures has their advantages and disadvantages. We will explore each option with you and help you decide which one is the best for you and your business.
What Are Your Goals?
If you start with the end in mind it will help guide you with making decisions in the beginning. It is important to think about both the business’s goals and your personal financial goals. We will listen, ask questions, and help make your dream a reality. Then together, we will choose the structure, which works best for you.
What about Your Business Plan?
One of the ways to help define your business goals is with a business plan. The primary purpose of a business plan is to define what the business is or what it intends to be over time. Clarifying the purpose and direction of your business allows you to understand what needs to be done to achieve your goals. This is your map to the future. It helps to: support growth, secure funding, manage cash flow and supports an exit strategy. And we can help you with this.
Some of our other services are:
Business plan development
New business start-up