| Accounting Services |
Providing accurate financial information to our clients in a timely and precise manner is a promise that we feel, cannot be negotiated. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
* General ledger & financial statement preparation
* Bookkeeping (Monthly/Quarterly/Annual)
* Bookkeeping (Monthly/Quarterly/Annual)
* Compilation of financial statements
* Audits and reviews
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| Accounting Software Selection & Implementation |
| With the number of computerized accounting software packages available for small businesses and individuals - growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we have knowledge of most popular programs, either through personal experience, or industry literature.
Our experienced staff can help you choose and implement the system that best fits your size, budget and needs. |
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| Bookkeeping/Write-Up |
We maintain the records of your business in computers using highly efficient Accounting Software, such as Simply Accounting and Quick Books. The software that we use is upgraded each year.
- eneral Ledger, Accounts Receivable and Accounts Payable Ledgers etc., are maintained accurately.
- Banking transactions are reconciled each month with the Bank Statement.
With accurate and timely financial information that will be available each month or quarter, as per your choice, you will get the information necessary to run your business operations most efficiently and profitably.
Should you prefer to keep the books on your own, our staff can advise you and train you on the art of bookkeeping...
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| Consulting Services: |
We gauge our worth by the personal and commercial successes of our clients. We can identify areas that are negatively affecting your business profitability and growth, thus helping you develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive and flexible strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:
* Accounting software selection and implementation
* Business valuations
* Buying/selling a business
* Business process improvement
* Computer systems
* Financial & retirement planning
* Estate planning |
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| Federal and Provincial Sales Tax (GST, HST, PST and QST) |
| For clients who collect sales taxes in many different jurisdictions, we manage to compute the GST payable to or refunds receivable from Canada Revenue Agency (CRA) and also electronically file GST returns to Canada Revenue Agency, quarterly or annually.
We also have the expertise to deal with CRA or handle any queries from CRA in regard to GST reports and filing etc.,
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| Financial Statements |
At NPC, all financial statements are prepared in accordance with professional standards in the following formats, as required:
- Compilation ( Notice to Reader)
- Financial Reviews
- Audits
- Other Assurance engagements.
The financial statements generated by us would be a useful tool for management in making financial decisions and future business plans. They are also useful to Banks and other financial institutions. |
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| Payroll Services |
As a business grows, it must hire more employees. That would result in greater demand for the management’s time and effort to manage payroll administration. We can assist you in implementing the controls necessary to ensure that a reliable, efficient, and effective payroll system is established.
For clients using our services for monthly bookkeeping, we do offer Payroll Service – Printing of Pay Cheques for employees and
Managing the Source Deduction Remittance to CRA.
Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
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| Reviews & Compilations |
| We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on two levels of assurance:
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use. |
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| Audit Services |
| Many a time, if your business has borrowed loans from banks and other financial institutions, they may stipulate the Audited Financial Statements should be submitted to them at the end of each fiscal year. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance. We will be glad to provide Audit services in timely and cost-effective manner, for clients who require audit of their financial statements.
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| Estate & Trust Tax Preparation |
| Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order. |
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| Corporate Tax planning, T2 tax preparation and e-filing |
- Tax Planning so as to minimize the taxes payable
- Preparation of T2 Corporate Tax returns and Schedules
- Electronic-filing of Corporate Tax returns.
- Deal with CRA in respect to all accounting & tax matters
We can also assist you with filing with CRA for election under various sections of Income Tax Act, such as Sec 85, for related party transfer of assets into the corporation or Sec 83(2) for Capital Dividends etc.,
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| Personal Tax planning, preparation & e-filing |
- Professional and Self employed business, Rental Income Properties and other complex tax returns are processed and e-filed with CRA.
- Tax planning and consulting services are also offered
- Handle all personal tax related correspondence with CRA.
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