Accounting Services

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Accounts payable involves managing the money that a business owes to its suppliers or creditors. This process includes tracking and paying outstanding invoices in a timely manner, ensuring that all payments are accurate and that the company maintains good relationships with its vendors.

Accounts receivable encompasses the handling of incoming payments and managing the money that is owed to the company by its customers. This includes issuing invoices, tracking payments received, and following up on outstanding balances to maintain a healthy cash flow.

Managing GST (Goods and Services Tax) and PST (Provincial Sales Tax) returns involves calculating, reporting, and submitting these taxes as required by law. This task requires accurate record-keeping of sales and purchases to ensure the correct amount of tax is collected and paid to the government.

Month-end reconciliations involve comparing financial records to bank statements or other financial documents to ensure accuracy. This process is crucial for identifying and correcting discrepancies, helping to maintain the integrity of a company's financial records.

Payroll processing involves the accurate calculation and distribution of employee wages, including the deduction of applicable taxes and contributions. This task ensures employees are paid in a timely and compliant manner, reflecting their hours worked and any additional benefits or deductions.

Statutory remittances cover the employer's responsibility to withhold and submit certain employee contributions and taxes to the government. This includes deductions for the Canada Pension Plan (CPP), Employment Insurance (EI), and applicable federal and provincial taxes. It's essential for maintaining legal compliance and accurate financial reporting.

The preparation and distribution of T4s (Tax Information Slips) and ROEs (Record of Employment) are critical components of payroll processing. T4s summarize an employee's earnings and deductions for the year, while ROEs provide information on employment history when an employee leaves a job, ensuring compliance with tax and employment laws.

Handling WCB (Workers' Compensation Board) and Service Canada enquiries involves responding to and managing questions or issues related to workers' compensation and federal employment programs. This task requires knowledge of relevant regulations and effective communication to address and resolve enquiries efficiently.

A Notary Public provides a wide range of legal services focused on certifying the authenticity of documents and administering oaths. These services typically include witnessing and attesting signatures and certifying copies of documents as true copies.