Business Accounting Services in Ottawa

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.

Business Tax Strategies

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.

Don’t Wait till Taxes Are Due

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.

Develop a Strategy Specific to Your Needs

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:

Business Advisory – Business Life Cycle

Understand the business life cycle to understand how to grow your business.

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:

Organizing Your Business

Other Services

Some of our other services are: