CORPORATE SERVICES
To operate smoothly and profitably, businesses rely on comprehensive accounting procedures, accurate review processes, day-to-day bookkeeping, payroll, and filing annual returns and corporate taxes.
Being a small business, we understand tax and cashflow issues and we have built our reputation on providing accurate, friendly and cost-effective solutions for business.
BOOKKEEPING
Every business, whether a sole proprietorship, partnership or corporation, depends on timely bookkeeping and accurate records for its annual tax filing, financial statements and other business reporting.
Graham & Associates has up-to-date knowledge of generally accepted accounting principles (GAAP) and can deliver a number of bookkeeping services, including
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entering bills and purchase ledger documents
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entering sales invoices and sales ledger documents
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preparing bank reconciliations, trial balances and cheque payments
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satisfying Canada Revenue Agency (CRA) reporting obligations
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producing creditor and debtor reports
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tracking and comparing past and present financial positions
CORPORATE TAX
Graham & Asociates help businesses
By positioning small or medium-sized business for future growth, Graham & Associates helps Corporations not only minimize their tax liabilities, but also maximize value. Staff have the knowledge of tax deferral, improved tax accounting and other methods of structuring a business’s affairs to guide clients in gaining the best possible tax advantages.
Tax laws have a direct bearing on a business’s financial goals, profitability and long-term success; however, understanding and complying with applicable laws can be challenging, especially when corporate tax is so complicated.
Graham & Associates use a proactive, hands-on approach to thoroughly review a business’s tax needs and tailor solutions accordingly. Staff have the resources and experience to adjust their strategies, provide timely recommendations and advise businesses at risk of non-compliance.
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file T4 and T5 returns
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identify ways to minimize long-term tax burdens
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strategize based on tax implications of proposed transactions
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correspond on clients’ behalf with provincial and federal authorities
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file provincial tax returns and corporate federal T2 income tax returns
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file quarterly and annual GST returns
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satisfy routine GST compliance requirements
PAYROLL
Graham & Associates provide a variety of clean, concise payroll services tailored to corporate clients’ particular needs. A reliable, efficient payroll system ensures that employees are paid correctly and on time, T4 and T4A slips are generated properly, monthly source deductions are filed and accurate payroll reports are produced as required. These reports may include, but are not limited to
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Payroll Register
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Deduction Listings (e.g., CPP, EI)
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Vacation Accrual Report
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General Ledger Summary Report
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Source Deduction Remittance Summary Report
FINANCIAL STATEMENTS
By ensuring clients’ financial statements are current and precise, Graham & Associates
empower key decision-makers with real numbers reflective of their current position. Experienced staff help prepare
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income statements
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cash flow statements
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statements of changes in equity
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statements of financial position (balance sheet)
Businesses rely on up-to-date, accurate financial statements for their success. The information within these documents helps drive decisions about purchasing, leasing, hiring, loans and numerous other transactions.