Starting your own business is a big decision to make. It can bring tremendous advantages but it also comes with a number of risks.
However, these risks can be substantially minimized with careful planning. Most businesses start with people who have a great idea and the will to see it through but often times lack the legal and financial expertise.
Luckily, you don’t have to be an expert in these areas to succeed. All you need is the support and expertise of a qualified team. That’s where we fit in. We help you start your business on solid grounds and put your ideas into practice in a constructive and structured way.
Choosing the right structure for your company is crucial. We discuss with you which business structure is most suitable for you based on your circumstances and requirements.
Business planning is essential to maximize growth potential whilst minimizing the risks. We offer planning services to help you identify targets and key performance measures that help increase the profitability of your business.
GST & PST registration
Should you register for a GST or a PST account? Until you reach the compulsory thresholds, you have the choice to voluntary register. Beyond that point, you will have to register and subsequently file the returns. We assist you to complete your application and file the returns for you.
As a new employer, you will need to configure your payroll in order to submit the source deduction to CRA and be compliant with WCB. We assist you with all the forms and processes to manage your payroll.
The structure of your company can have a considerable effect on your tax liability. Getting the structure right at the inception of the business is therefore crucial. If you are already in business, a potential change in your company structure can provide significant tax saving going forward.
We help you choose between different systems and provide training. Using accounting software can have a positive impact on an organization, bookkeeping cost and time.