Write up & Book-Keeping Work
Bookkeeping entails recording all financial transactions made by a business. These transactions can be of different types and need to be categorized or classified under various accounts and headings when saving or recording them.
In daily transactions, there are other expenses or incomes. Expenses can be of different types, and you need to know where you are spending money. Similarly, incomes can also vary, and you need to know where your money is coming from.
Sometimes, along with the entries, supporting documents such as receipts, invoices and purchase orders are also saved. These days, digital documents can be attached to individual entries.
Bookkeeping Services includes the followings
- Setup a Chart of Accounts
- Recording of bank transactions and feed updates
- Publishing receipts from Dext
- Accepting feeds and proper allocation of accounts
- Checking for the appropriate tax codes and accurate tax allocations
- Posting Bill and Invoices for AP and AR
- Tracking E-commerce business activities sales information
- Reconciling the Sales with the sales report and matching the deposits towards bank
- Review of AP and AR on Quarterly basis to confirm any uncollected and unpaid amounts
- Review of Financial reports for the reallocations if required
- Review of Balance sheet items
- Extraction of Financial reports for the client review
Management Accounting Services
- Financial Analysis and Reporting: We can provide in-depth analysis of your financial data, generating reports that offer insights into your company's performance, profitability, and financial health. This information is crucial for making informed decisions and setting strategic goals.
- Budgeting and Forecasting: We help you create accurate budgets and forecasts, assisting in planning for future expenses, revenue projections, and identifying potential financial challenges.
- Cost Management: Professionals can analyze your cost structure, identify areas for potential cost reduction, and suggest strategies to optimize spending while maintaining operational efficiency.
- Strategic Financial Planning: Our management accountants can work with you to develop long-term financial strategies aligned with your business goals. This might involve capital investment planning, expansion strategies, and risk management.
- Performance Measurement: Experts can establish key performance indicators (KPIs) tailored to your business, providing you with a clear understanding of how well your company is performing against its objectives.
- Cash Flow Management: Effective cash flow management is crucial for any business. Outsourced professionals can help you monitor cash inflows and outflows, ensuring your company's liquidity needs are met.
- Internal Controls: Our management accounting services can include implementing and maintaining internal controls to prevent fraud, errors, and ensure compliance with relevant regulations.
- Technology Integration: Many outsourced firms utilize advanced accounting software and technology. They can seamlessly integrate with your existing systems or recommend upgrades to enhance efficiency.
- Weekly, monthly and annual payroll management
- Reconcile Control Accounts
- Business Activity Statement Lodge
- Tax Planning
- Audit Services
- Bank Reconciliations
- Revenue Recognition and Adjustments
- Cloud Software Integration
Attestation & Audit Services
Our Accounting team has the experience and expertise to assess your company's
financial performance and position objectively. We will work with you to understand your
specific needs and goals and tailor our services to meet your unique requirements.
Our certified public accountant (CPA) has extensive experience in auditing financial
statements. We are also familiar with the requirements and regulations that may apply to
your company.
In addition, we use the latest auditing techniques and technologies, which allow us to
complete our work efficiently and effectively. We also maintain a strict confidentiality
policy, so you can be assured that your information will be kept safe.
If you are
looking for a corporate review and audit, contact us at Accounting today. We would be
happy to discuss your specific needs and provide you with a proposal outlining our
services.
Tax Planning Services
Our team's comprehensive tax experience strengthens your in-house team and minimizes the need to hire extra staff during the super busy tax season. We have built a remarkable reputation with our outsourced tax preparation services.
Finding a reliable tax professional can be a daunting task for many businesses. Building and maintaining a tax workforce that meets your needs across diverse areas such as Partnership Tax Return, Small Corporation Tax Return, Corporation Tax Return, and Payroll Tax Return can be challenging. That's why CPAs, accounting firms, and tax professionals may find it beneficial to outsource various tax functions.
You can opt for outsourcing tax services to KSA. It is a common practice in the United States to choose outsourcing tax preparation services, with many affirming its viability for small-scale business ventures. The team at KSA stays updated on all the latest tax updates issued by the IRS or the CRA. We meticulously meet deadlines and handle the pressures of tax seasons to provide impeccable outsourcing tax return preparation services to our clients.
Our team aims to prevent unwelcome tax penalties and late fees. We ensure that our clients avoid undesirable delays or non-compliance with tax laws. CPAs and accounting firms can alleviate their workload with tax assistance from KSA.
Our tax outsourcing services for tax returns provide you with the visibility and control you desire. Whether it's for one country or multiple countries, you'll experience consistent, flexible, and quality service with full tax compliance.
Our Tax Areas BUT not limited to
- Canadian Personal Tax
- Canadian Business and Corporations Tax
- CRA Audit Assistance and Representation
- Preparations of Year- End tax declaration
- Tax Consultation Services
- International Tax Services
- Electronic Filing to CRA
- Exporting from and importing to Canada
- Non-residents and doing business in Canada
- Non-residents and GST registration
- Reporting for Goods & Services for Zero-rated, Exempt, Charities & Not- for-Profit Organizations, and Financial Services sector
- CRA audits / Voluntary Disclosure Program
Acquisition accounting/post-deal accounting
We help you create and capture value by guiding you through the challenges of executing a successful deal. These challenges include: conducting accounting due diligence, preparing the closing balance sheet, performing purchase price allocation, preparing financial statements, and providing advice on disclosures, accounting policies, and reporting requirements.
We also collaborate with our colleagues from Consulting, Deals, and Tax to provide a seamless experience. Whether you're seeking to optimize entry or exit value, exploring ways to fund and secure the business, or improving financial metrics, we can assist you in achieving a smooth transition throughout the transaction life cycle.
Accounts Receivable Services
- Assurance and Advisory, Reviews, and Compilations
- Carried Interests
- Family Office
- Federal and State Tax Compliance and Consulting
- Financial Reporting
- Qualified Small Business Stock (QSBS)
- Traders in Securities
- Transaction Due Diligence and Structuring
- Wealth Management
Accounts Payable Services
- Create purchase orders
- Enter details of the purchase invoices
- Setup and maintain suppliers list in your accounting system
- Prepaid debit and credit notes
- Make arrangements for payments to suppliers based on preferred payment modes such as direct transfers or via cheques
- Identify opportunities if discounts are available through early payments to suppliers
- Resolve issues with suppliers or follow up and escalate the issue whenever necessary
- Match supplier statement of account with your books
- Prepare account statements of suppliers
- Track purchase orders and tally them with bills and invoices
- Generate simple and advanced reports based on different segments
Corporate Secretarial Services
We provide outsourced secretarial services to help you navigate through challenges and changes. Our primary goal is to reduce administrative burdens. Our team offers Corporate Secretarial Services strategically combined with Finance, Tax, Consulting, and Financial Advisory Services. Whether it's company incorporation, registration, tax consulting, accounting, corporate secretarial services, or business advisory, our domain-specific knowledge and global reach enable companies to anticipate changes and improve business tactics to seize new opportunities.
We are well-versed in incorporation laws and can assist you in determining the most advantageous type of incorporation for your business activities. We handle both Federal and Provincial Incorporation processes. Additionally, we offer official searches for complete Ontario incorporation, Canada trademark registration, and other related corporate services at minimal costs. Our quick and efficient response to your needs helps you save time and money.
- Corporate Name And Trademark Searches
- Incorporating Federal Corporation
- Incorporating Provincial Corporation
- Profit And Non-Profit Incorporation
- Provision Of Investment Advisory Services
- Registration Of Businesses And Associated Services
- Maintaining Statutory Records Of Clients
- Assistance In The Filing Of Mandatory Submissions To The Registrar Of Companies
- Group Company Restructuring And Re-Organization
- Compliance Audits And Statutory Book Reviews
HR Support Services (Payrolls)
Running payroll based on the information you provide
- Calculating taxes
- Calculating benefits
- Calculating withholding Taxes
- Reporting unemployment taxes
- Managing allowances and deductions
- Filing multiple quarterly and annual payroll tax forms
- On-time payment of payroll taxes, and payroll reporting
- Liaising with the Canadian Revenue Agency(CRA) as needed
