What Accounting Services Can a Great Montreal Accounting Firm Provide Your Business With?

What Accounting Services Can a Great Montreal Accounting Firm Provide Your Business With?
February 07 20:16 2017 Print This Article

High quality accounting is critical for any type of business. Indeed, when done properly, accounting can help pinpoint strong and weak areas of your business, irregularities, etc. which are essential information to make clear management decisions. While you may have some accounting knowledge as a business owner, it may be difficult to keep track of everything or you may not have enough time to dedicate to this task. Hiring a great accounting firm for your Montreal based business is an excellent way to ensure that your accounting is as good as it can be. In this article, we will give you examples of accounting services that a great Montreal accounting firm can provide your business with.

Auditing and Accounting Services

A good accounting firm with competent Chartered Professional Accountants are able to offer a plethora of auditing and accounting services for your business. These include cash flows and projections, bookkeeping, internal control reviews, special audits and review and compilation of financial statements, among others. These are all important services, but they also are time consuming and trusting a Montreal based accounting firm with them is a wise decision for your business.

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Tax Planning

Proper tax planning allows individuals to only pay the amount of taxes that they need to pay, not a dollar more. It is also essential for your business because there are many ways that your taxes can increase if you do not plan accordingly. An accounting firm can assist you with tax matters such as utilization of trusts, tax compliance, research and development credits, commodity taxation, emigration and immigration, government audits and corporate reorganizations.

Canadian Capital Gains Tax

Another aspect that is crucial to monitor as a business owner is the Canadian Capital Gains Tax. This tax can be confusing, so consulting with a CPA from a Montreal accounting firm is a great step to take to manage it well. Indeed, he or she will help you to handle aspects that can have an influence on the Canadian Capital Gains Tax such as residential and commercial properties that are linked to your business and assets like shareholdings, among others.

Other Ways That a Montreal Accounting Firm Can Help You

Besides auditing and accounting services, tax planning and the Canadian Capital Gains Tax, it can assist you in other aspects such as business consulting, estate planning, litigation support and wealth management. As you can see, an accounting firm is the perfect partner for your Montreal based business and it will help you to be successful by having a tighter grip on your finances.

This concludes our article on the accounting services that a great Montreal accounting firm can provide your business with. If you are managing a business in the Montreal area, we strongly suggest that you contact one to help your business reach its full potential by giving you more time to do what you are excellent at and delegate accounting tasks to people who are experts in the field.

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