Financial Management and Taxation Services

By: Public Accounting & Tax Services  09-12-2011
Keywords: Accounting, financing, Tax

Businesses, Government organizations and NGO’s need someone who can offer sound financial advice and guidance in a number of different areas. For so many years, we've been giving our clients industry-specialized direction so that they can focus on the business at hand. Here are some services which FMTS is offering to our valued clients:-

  • Accounting/Financial Reporting
  • Bookkeeping services
  • Business counseling Services
  • Business Assessment
  • Doing Business in Canada
  • Tax Services
  • Fundamental Accounting Office
  • Assets Management
  • Loan Applications
  • Software Developments
  • Special Purpose software’s
  • RRSP & Mortgage Services
  • Insurance
  • Immigration and Passport Forms

Accounting/Financial Reporting

Financial Management & Taxation Services provides assistance with accounting, bookkeeping, financial statement preparation and accounting systems support for small to medium sized businesses, professionals, independent consultants and businesses non-resident to Canada.
These services provide tremendous value to our clients by increasing their knowledge and understanding of their financial status and positions as well as enabling them to better manage their resources so they can focus their energy future opportunities.

Bookkeeping Services

Payroll
Monthly Financial Statements
 
We design & implement accounting and bookkeeping systems.  These systems are "custom-tailored" to the individual client.  Additionally, we prepare financial statements

Business Advisory Services

FMTS has strong experience helping clients run their businesses. Our services extend beyond looking at the balance sheet and income statement. We are able to help you develop your business to where you want it to by assisting with:
•           Design and implementation of accounting systems
•           Development and/or refinement of business plans
•           Budgeting
•           Financial projections
•           Electronic data processing
•           Acquisitions and sales of businesses
•           Business valuations
•           Business reorganizations
•           Development of loan arrangements
•           Set-up and administration of pension and profit-sharing programs

Business Valuation

How much is your business worth? As a business owner, if you are considering the purchase or sale of a business, undertaking business reorganization for tax purposes, the entry or exit of a shareholder or partner, or you are involved in a shareholders' dispute or matrimonial dispute, you should be utilizing the expertise of FMTS business valuation services.
Our process ensures you have a well-documented and defendable position on the value of the business under consideration.

Doing Business in Canada

For a non-resident business or professional looking at doing business in Canada, a decisive first step is to speak with the professionals at FMTS. Our experience helping business enterprises that are not resident in Canada included the following:
•           Assisting with GST reporting
•           Establishing business operations in Canada
•           Assistance with Canadian operations
•           Payroll administration
•           Expertise in dealing with the Canadian tax system
•           Acting as representative to tax authorities

Tax Services

The FMTS tax section has a strong skill in tactical tax planning for corporate and individual clients. We also have expertise in Canadian tax legislation for businesses and business persons as well as for those looking at Canada as a destination for their goods and services.

Corporate Tax Services
•           Strategic tax planning
•           Corporate tax return preparation
•           Capital/payroll/commodity tax compliance - GST/PST
•           R&D tax credit assistance
•           Representation to tax authorities
Individual tax services
•           Personal tax planning
•           Personal tax return preparation
•           Representation to tax authorities
•           Assistance with establishing a tax presence in Canada
•           Tax compliance management
•           Strategic business/tax planning
•           Representation to Canadian tax authorities

Fundamental Accounting Office

FMTS can provide your small business or not-for-profit organization with the benefits and advantages of an internal accounting office without the overhead. Our fundamental Accounting Office service is designed to allow you to focus on your operational goals without having to worry about floor space, training or turnover.

SERVICES PROVIDED ON-SITE IN THE EDMONTON AREA,
OR REMOTELY FROM OUR OFFICES

  • Payroll administration
  • Manage accounting system
  • Regular financial reporting
  • Staff coverage during leave or turnover periods
  • Provide senior management level controllership function
  • Accounts Payable,
  • Accounts Receivable Processing
  • Bank Account Reconciliation
  • Payroll Processing with Direct Deposit Capability
  • Complete Payroll Tax Processing
  • All Federal and Provincial Taxes

Wealth Management

FMTS has been working on wealth management strategies for owner-managed and closely held businesses and their principals. FMTS has considerable expertise in tax, succession planning, retirement compensation planning, estate planning and corporate ownership strategies.
We are able to assist successful entrepreneurs and individuals in establishing well-defined long-term plans designed with the individual's business, family and personal goals taken into consideration.

INDUSTRIES

Independent Contractors
Independent does not mean alone.
FMTS has established an experienced team using specialized procedures for the accounting and tax needs of the independent contractor. Using proven strategies we strive to legally minimize the independent contractor's income taxes and commodity taxes.
In addition to the full spectrum of services available, we can provide assistance with activities directly related to managing yourself as an independent contractor, including:
•           Minimize Income Tax
•           Incorporation
•           Income Splitting
•           Quick Method for GST purposes
•           Financial Computer Systems
•           GST & Alberta Sales Tax
•           Tax Planning and Reviews
•           Business Outsourcing
•           Operational Reviews
•           Cash Controls
•           Management Consulting
•           Net worth Statement

Professionals

FMTS also provides advice to a wide range of professionals including doctors, lawyers, engineers, dentists, veterinarians, clinics, laboratories, and others. Regardless of the type of professional advice you provide, you want your business to be run based on sound policies and controls and visionary management. FMTS applies its experience and expertise to help owners, partners and managers with their businesses so they can spend more of their time running the business.
In addition to the full spectrum of services available, we can provide assistance with activities directly related to managing yourself as a professional in business, including:
•           Incorporation of Professional Practice
•           Tax consultation
•           Tax compliance
•           Operational consulting
•           Organization studies
•           Ownership/Transition planning
•           Consulting and assisting on financing issues.
•           Cost control studies
•           Accounting
•           Financial forecasting and budgeting.
•           Strategic planning services
•           Third party billing consultation

Doing Business in Canada

For a non-resident business or professional looking at doing business in Canada, a decisive first step is to speak with the professionals at FMTS. Our experience helping business enterprises that are not resident in Canada includes the following:

•           Assisting with GST reporting
•           Establishing business operations in Canada
•           Assistance with Canadian operations
•           Payroll administration
•           Expertise in dealing with the Canadian tax system
•           Acting as representative to tax authorities

Software Development

FMTS is also providing assistance to valued customers for custom design software’s for accounting and other business requirements. We have designed and developed several computer programs for special requirements & miscellaneous other functions.

Loan Applications

FMTS is providing assistance to our valued customers with:

Loan packages
Business loan applications
Lease applications.

In addition to our accounting assistance for our clients, we prepare projected financial statements and loan packages.

RRSP, Mortgages Services & Insurance

We are also helping our clients for choosing in best RRSP, commercial and residential mortgages. Our expertises are specialized in the field of financial investments and mortgages.

Other Services

We are also facilitating our customers in providing free forms of Passports applications, child tax benefits, immigration, sponsorship application forms and Passport photographs.

Keywords: Accounting, Business Valuation, financing, Tax, Taxation Services, Undertaking Business

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