We can assist the small business owner in the preparation of a
financial statement. This preparation can be on a compilation
basis or an a review basis. The financial statement would
follow generally accepted accounting standards. Generally
speaking compilation reports are used by the business for Income Tax
purposes, while a review basis is required by the banks for
We will examine on a test basis, evidence supporting the amounts and
disclosures in the financial statements as well as other functions,
utilizing generally accepted auditing standards.
We will enter your source records on a pre-determined basis (ie.
monthly, quarterly, yearly) and provide you with computerized reports
including an Income Statement and a Balance Sheet. We also do payroll
preparation including remittances and records of employment.
We will discuss your personal and business holdings, your future plans
and your wishes as far as inter-generational transfer and or bequeathing
of these holdings. We will provide you, based on our discussions, with a
plan or plans to accomplish the above in a tax effective manner.
Let us use our knowledge and experience in working with clients in the
agriculture sector to help you operate your farm business in a tax
effective and profitable fashion.
We prepare a variety of farm returns for our clients including:
- FIDP - Farm Income Disaster Program
- NISA - Net Income Stabilization Administration
Considering a new business (or division), a sale or just wondering about
the GST consequences of a decision or transaction? Give us a call to
Wondering if you are taking advantage of the alternatives and/or
opportunities available to your overall tax position? We can help you
determine the implications of a particular course of action
We prepare a variety of returns for our clients including:
- T1 - Personal
- T2 - Corporate
- T3 - Estate
- T4 - Payroll
- T5 - Investment Income
- GST - Returns
- AT1 - Alberta Corporate
Cash flow projections, business valuations and special tax elections are
just a few of the other services we provide to our clients.