OUR SERVICE OFFERINGS
One Stop Outsourcing Solution for Accounting, Bookkeeping and taxation services
In the dynamic landscape of accounting, bookkeeping, and taxation, CPA firms are continually seeking innovative solutions to streamline their processes and enhance overall efficiency. That’s where EliteCPAPartners steps in – your trusted ally in navigating the intricacies of financial management.
- Who We Are: At EliteCPAPartners, we are more than just a service provider; we are your strategic partners committed to propelling your CPA firm to new heights. Our team comprises seasoned professionals dedicated to offering tailored solutions that align seamlessly with the unique needs of your practice.
- How We Can Help: Advanced Accounting Solutions: Leverage cutting-edge technologies and methodologies to optimize your accounting processes, ensuring accuracy and compliance at every step. Efficient Bookkeeping Services: Say goodbye to manual data entry and time-consuming reconciliations. Our automated bookkeeping services are designed to save you time and resources, allowing you to focus on what you do best – serving your clients.
Strategic Taxation Support: Stay ahead of the ever-evolving tax landscape with our comprehensive taxation support. Our experts are well-versed in the latest regulations, ensuring your firm remains compliant while maximizing opportunities for your clients.
Customized Training Programs: Empower your team with the knowledge and skills they need to excel. Our tailored training programs cover the latest industry trends, equipping your staff to handle complex challenges with confidence.
- Why Choose EliteCPAPartners:
Proven Track Record: Our success stories speak for themselves. Join the ranks of satisfied CPA firms that have experienced transformative results with our services.
Client-Centric Approach: Your success is our priority. We take the time to understand your unique challenges and provide solutions that align with your goals.
Innovation at Its Core: Embrace the future of accounting with our innovative solutions that leverage technology for unprecedented efficiency.
- Let’s Connect: Ready to take your CPA firm to the next level? Connect with EliteCPAPartners today and embark on a journey towards success. Together, we can redefine the standards of excellence in accounting and taxation. The most common services we provide are listed below. If a specific required service is not listed, please book a free consultation and our CPA’s would be more than happy to discuss your needs.
Corporate Year-End Tax & Accounting Package
Our firm specializes in assisting owner-managers complete the year-end accounting process and provide the following package of services: Compilation Engagement Reports (compiled financial statements) T2 Corporation Tax Returns and related tax information returns Full-cycle bookkeeping for the year Catch up bookkeeping for prior-years Account reconciliations, including bank accounts, business credit cards, lines of credit and long-term debt Assist with year-end adjusting journal entries Prepare and file any necessary tax slips including T4, T4A's, T5's etc Assist with GST/HST returns
Tax Returns for Corporations
Are you running a small business where you prepare your bookkeeping, don't have any external users requiring CPA-prepared compiled financial statements, and need assistance filing your annual tax return? Our professionals can help you stay compliant with the following T2 Corporation Tax Returns and related tax information returns Prepare and file any necessary tax slips including T4, T4A's, T5's etc. Assist with GST/HST returns
Tax Returns for Sole Proprietors
Are you operating an unincorporated small business? We advise sole proprietors on a regular basis and assist with the following: T1 Personal Income Tax & Benefit Return T2125 Statement of Business or Professional Activities GST/HST returns Section 85 rollovers (incorporating a sole proprietorship)
Tax Advice on Incorporation of a Sole Proprietorship
Are you planning on incorporating your sole proprietorship in the near future? Depending on the nature of your business, this could be a very simple process or could require a much more nuanced approach. It is particularly imperative that you consider the tax implications of incorporating your sole proprietorship prior to starting the process and involve the necessary professionals to advise you correctly. Our CPAs and CBVs can assist you in navigating the complexities and will work with your external advisors. We provide the following services: Business valuation - Determination of the fair market value of goodwill and other assets of your sole proprietorship. Tax opinion letter to your external legal professional who is setting up the new incorporated company's share structure. Section 85 Election (rollover) - Filing Form T2057 and Form GST 44(if applicable) with the CRA
Business Projections and Forecasts
Business owners starting a new venture are faced with making alternative decisions. Those further down the path may be looking to obtain bank financing or to bring in new investors. Our CPAs prepare projections and forecasts in line with the relevant professional standard, AuG-16, and include the following components: Compilation of a financial forecast or projection Opening balance sheet
Financial Reporting
Does your company follow a general purpose framework accounting standard such as ASPE, IFRS or US GAAP, or are you considering adopting any of these standards for the first time? We understand that these standards are complex, regularly evolving and tough to maintain compliance with. Our professionals are experienced and well-versed in interpreting each of these standards. We can assist with the following: Full adoption of ASPE, IFRS or US GAAP Interpretation of specified standards under ASPE, IFRS or US GAAP Assistance with computations in compliance with a specific standard under ASPE, IFRS or US GAAP Preparation of financial statements with note disclosures in compliance with ASPE, IFRS or US GAAP