ACCOUNTING CORPORATIONS

Accounting for corporations is a core function and is extremely important, whether you are a single professional corporation, or you have 10 employees working with you.

Proper accounting is crucial for your corporation, in order to avoid hefty mistakes that can cost your business thousands or tens of thousands of dollars in fines and penalties with the Canada Revenue Agency. Having an accounting team manage your corporate finances means that you will be able to take advantage of properly calculated taxes, HST filing and quarterly reporting. It also means that you know exactly where every dollar is going and how to better plan for your corporations future. Many business owners do not realize that maintaining accurate financial record keeping can help prevent timely and costly CRA audits, as well as, loss of income through over spending and employee theft.