All registered businesses require to remit tax regardless of the income generated during the fiscal year. The corporate filing can be very confusing and often difficult to keep up with the ins and outs of the ever-changing tax laws. Our knowledgeable team thrives on helping our clients developing customized strategies that drive efficiency, aids success, and legally reduces corporate tax liability. We provide affordable, quality services to bring stability and growth to your business.
Paying taxes is just part of life. However, with knowledge and appropriate strategies, you can minimize your tax burden. At East Side CPA, we make sure that we maximize your refund by applying every applicable tax credit and deductions that work for your situation. As professional tax advisors, we ensure that we keep up with the changes in tax law, so you can keep your focus on other things that matter to you in life the most. Our main objective is to prepare highly accurate and reliable tax returns our clients can bank on.
Accurate record-keeping, and staying on top of your cash flow is a cornerstone to the survival of any business. Our experts will take care of your books with the utmost accuracy, leaving you with clear and reliable information for better decision making. Our solutions significantly elevate the administrative side of business off your shoulders so that you can fully focus on what you do best.
We offer off-site or on-site bookkeeping, whichever is the most suitable for your business. For new start-ups we can help to choose appropriate software and customize the chart of accounts in accordance to the business practices in your industry.
Payroll is inevitable part of company’s culture. Ensuring timely and error free issuance of paychecks and employee benefits boosts employee engagement and company’s long-term success. On top of that, late remittance payments for payroll taxes, EI or CPP incur fines, that over time can significantly erode your revenue, contributing to inefficiencies in your business. Our trustworthy and qualified team will take\ care of all your payroll affairs in a cost efficient and timely way. We stay on top of all the regulatory changes and submit any critical documentation on time and error free. We also issue T4 slips for your employees. Save yourself a headache, and let us manage your employees’ payroll for you.
Harmonized sales tax is a Canadian tax applied to most supplies of goods and services, including real property (buildings, land, trademarks.....) As a business, once registered with the CRA (once your business revenue reaches $30,000 a year), you are required to collect GST/HST on your sales and services and remit it to the Receiver General on a quarterly or an annual basis. Our experienced team will get your books in order, so that it is clear what amount is required to remit for the given period. We can also ensure accurate and timely payments are made on your behalf to avoid penalties or lack of cash flow.
Businesses are often started in its simplest form; as a sole proprietorship. Soleproprietorhip is when you decide to operate by yourself, most often as a contractor or freelancer. Our team of experts will not only help you register your business and set up processes in place for efficient recordkeeping, but we also become the sounding board to identify viable business ideas.
In order to help your business growth and future wealth, we offer vast variety of consulting and advisory services. From tax planning and financial planning, trying to implement some of the financial tools available in the market, to ensure your dollar will go further and grow faster. With every plan comes a knowing where you are coming from, with detailed customizable plan to where you want to be at certain point in time. We help you develop a business plan so that you can develop strategies to meet your financial goals and business growth.
Based on the nature of your business, your financial goals and risk management, we help you transition and form an incorporated entity, whenever we deem it is beneficial for your type of business.
We at East Side accountants are willing to go extra mile to help your business thrive in every aspect of business. We are here to share our extensive experience and knowledge and to do things simply better.
Whether you require audit to ensure your business’ procedures and internal controls are in compliance with your industry laws and regulations, or be it for the senior managers’ and owners’ evaluation purposes and managerial decision making, our highly qualified team is available to provide their utmost expertise and due diligence.
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Audit engagement:
The purpose of our audit engagement is the most stringent procedure to ensure accuracy of your financial statements and your business policies and procedures are in compliance with the industry laws and regulations. After thorough evaluation, our auditor will be able to deliver his findings and recommendations to enhance your decision making and business performance is delivered with greater efficiency.
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Review engagement:
Review engagement is a form of audit with not as thorough assurances as in audit. This form of audit is often needed when dealing with outside parties for financial planning. When preparing review of your financial statements, we ensure that it provides reasonable information with appropriate explanation of any variances found.
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Compilation (also known as notice to reader):
We prepare compilation based on the financial statements provided to us by the management. These are often used for tax purposes or internal management and financial planning.
We have an inhouse accounting manager who will guide you on the specific of your US accounting and tax requirements: This includes the remittances of relevant US tax dues or the access and filing with Internal Revenue Services for provincial and State taxes.
Contact us, if you wish to know more!