Details of Accounting, Tax and other services included in our Service Plans
Accounts set-up (or set-up upgrade): At the inception of the service we will work to optimize your business “Accounting Procedures and Controls” and“Documentation” and clean up your books (if needed).
Basic bookkeeping and accounting services: We will check and accurately record all your business transactions and activities(on monthly, quarterly or yearly basis), will also do the bank reconciliation, accounting receivables and payable services as needed, prepare financial statements (with notice to readers), and file your business HST report.
Corporate tax preparation and filing: At your business fiscal year anniversary, we will prepare and file the business corporate tax report, including claims of SRED and other federal and provincial investment tax credit claims if applicable. In addition, upon your request and for no additional charges, we will revise your previously filed corporate tax returns for possible un-claimed tax deductions.
Payroll Services: We provide wide-range payroll services and our clients has the option to pick the scope of payroll services needed. Our services includes calculating deductions, net pays and issuing and sending paystubs to employeesat each pay cycle, process payments to employees and contractors, including commission, bonus and profit sharing, calculate and remit payroll source deductions and process CRA payment in required, calculating and paying WISB if applicable, issuing and filing T4s and T4A’s to employeesand contractors, and mail them those slips, issuing and filing record of employment upon need, beside other payroll related tasks.
Client’s support: Beside above mentioned services, we will stand ready to respond to all our client’s inquiries, support them in case of CRA audit, provide consultation and information as needed, including customized analysis and analytical reports to diagnose business efficiency and performance or any other sort of information, analysis or documents requested by clients for his/her own use or for his/her banker, investors or any government agency.
Financial and Tax Consulting: Clients who opt for any other standard service plans are eligible to get unlimited free Financial planning and tax planning services to explore best tax reduction strategies and to discuss with business owners their personal financial needs, concerns and advise them of best strategies in each areas of their personal finance.
Business analytics and consulting: Both Advantage partners and many of Advantage staff have unique business experience and knowledge, these experience and knowledge will be under business owners hands to help them in promoting their business and in making any vital business diction in which they would need an advise or second opinion, In addition, we will work with business owners to design and implement suitable reports that would help them to monitor the performance of their business in an ongoing basis.
We will also provide our clients upon request with free Personal Income Tax filing service and link them to a wide range network of professionals and business services providers who are ready to offer them amazing deals.