You don't feel alone when partnering with us! Whenever you receive audit requests from CRA, we are always with you. CRA may ask for further clarifications or justification of some areas. Those areas are often presented in technical accounting terms which require sufficient knowledge and expertise to understand and satisfy CRA needs. Auditing is a regular task of CRA and it happens from time to time. When you get an audit request from CRA, don't be panic. Our qualified team with extensive experience in dealing with CRA audit requests and understand their tastes. You will be free of mind when partnering with…

Running a business in today's changing environment requires business owners to carefully plan and review their performance on regular basis (monthly, quarterly and annually). One of the tools widely used is annual budgeting. Why do we have to project our annual budgeting? The annual budgeting offers business owners some benefits such as: Ensuring the financial performance on the right track Managing corporate spending in the future time period Controlling new capital expenditures (new purchases of big fixed asset items) Conducting variance analysis on performance (budget vs. actual, current year vs. last year...) Planning capital resources for future business growth and expansion We need to well understand your…

A business plan can be defined as a road map for your business’ growth and development. It tells the readers realistically about who you are, what you plan to do, and how you achieve your long-term goals. A good business plan has some benefits as follow: Obtaining more fund (capital) for your business expansion either from bankers or venture capital funds Ensuring your long-term strategy on the right track Managing your management team and regularly monitoring their clear objectives Better planning and managing your cash flows Developing accountability Monitoring performance metrics (performance indicators) We partner with you to define and formulate a professional business plan for any purposes.

Accuracy and reliability of financial information are paramount to the business owners for their decision making and strategy formulation. How to make financial information accurate and reliable? We need a tool of internal controls. Why internal controls? To protect your business’ physical and financial assets from fraud, theft... To ensure reliable financial reporting for informed decision making To maintain compliance with the Government regulations, especially taxation To operate your daily business more effectively with processes and procedures in place When you plan to call for more capital from bankers and/or investors, internal controls play very important role for auditing your financial statements (ie. your financial statement…

Are you looking for something new and revolutionary of how to grow your business fast while still keep eyes on financial data and bottom lines? More and more business owners are switching to the cloud to make the most of the benefits of online accounting. Benefits of having cloud accounting are as follow: Have access to your financial information anywhere at any time Get a totally up-to-date view of your business performance Go paperless and declutter your office Streamline your billing and ordering processes Obtain real-time, multi-dimensional financial analysis Are you ready to say goodbye to old school accounting software and prepare to embrace the future of…

Your success is our success. As your partner, we are happy to see you to be successful with your business. One day, you would like to set up your own accounting system to support your growth and expansion. Our qualified team has extensive experience in all cycles of accounting such as cash management, accounts receivable, invoicing, accounts payable, purchasing, inventory management and financial reporting. Let TAXCARE Professional Corporation set up a standardized accounting system, streamlining processes and procedures which satisfy your increasing needs.

GST/HST New Housing Rebate You may be eligible for a new housing rebate for some of the GST/HST paid if you are an individual who: purchased new housing or constructed or substantially renovated housing for use as your (or your relation’s) primary place of residence constructed or substantially renovated your own home, or hired someone else to construct or substantially renovate your home for use as your (or your relation’s) primary place of residence and the fair market value of the house when the construction is substantially completed is less than $450,000 GST/HST New Residential Rental Property Rebate If you are landlords who, for residential rental purposes: purchased newly…