Canada Corporate Accounting & Taxation Service

Welcome to ABC LLP's Canada Corporate Accounting & Taxation Services, where we deliver cutting-edge, technology-driven solutions tailored for Canadian businesses. Our expert team ensures fast, accurate results, enhancing compliance and strategic financial management. Trust us to help your business thrive in today's competitive environment.  

✴ ✴ CANADA CORPORATE ACCOUNTING & TAXATION SERVICES OFFERED ✴ ✴

1. Bank and Investment Account Statements Bookkeeping

• Accurate bookkeeping in CaseWare for clients without personal software like Sage or QuickBooks, ensuring meticulous record-keeping.

2. Preparation of Financial Write-Ups

• Detailed preparation of bank, credit card, and investment write-ups using Excel templates to provide clear financial insights.

3. Trial Balance Updates and Mapping

• Regular updates of mapping numbers for trial balance items in CaseWare, ensuring financial data accuracy and consistency.

4. Lead Sheets Preparation

• Comprehensive preparation of lead sheets in CaseWare for all balance sheet and essential P&L items to support financial reporting.

5. Compilation Engagements

• Expert preparation and finalization of compilation engagements, delivering precise financial compilations for our clients.

6. Canada Corporate Tax Return Preparation (T2)

• Accurate preparation of T2 corporate tax returns using TaxCycle or TaxPrep, ensuring compliance with Canadian tax regulations.

7. Review of CaseWare NTR and T2

• Thorough review of CaseWare NTR and T2 to ensure the accuracy and completeness of tax filings.

8. Importing Trial Balance into Tax Software

• Seamless importing of trial balances into T2 TaxCycle/TaxPrep, including the application of mapping numbers.

9. Schedule Updates in T2

• Expert updates to various T2 schedules (Sch 1, 2, 3, 6, 7, 8, 9, 23, 33, 50) to maintain accurate and compliant tax filings.

10. Financial Conversion and Review

• Skilled conversion of financial statements, review template conversions, and investment write-ups for comprehensive financial management.

11. Bookkeeping on XERO & QuickBooks Online

• Reliable bookkeeping services on XERO and QuickBooks Online, ensuring up-to-date and accurate financial records.

12. Adjusting Entries and Finalization

• Recording necessary adjusting entries to finalize financial statements, ensuring compliance and accuracy.

13. Client Coordination

• Proactive coordination with clients via email or calls, ensuring clear communication and timely service delivery.

14. Trial Balance Preparation

• Preparation of trial balances from bank statements or Sage/QuickBooks backups received from CPA firms, ensuring accuracy.

15. Retained Earnings Reconciliation

• Detailed reconciliation of opening retained earnings and preparation for necessary adjustments.

16. General Ledger Scrutiny

• In-depth scrutiny of general ledgers to reclassify accounting heads or identify capital transactions incorrectly booked as expenses.

17. T Slips Reconciliation

• Preparation of T slips reconciliation for companies with fiscal years ending other than December.

18. CRA Balances Reconciliation

• Reconciling Federal, GST, GRIP, RDTOH, and Payroll balances with CRA documents to ensure compliance.

19. Posting Tax Entries

• Posting corporate tax payable/refundable entries in CaseWare to align with T2 Sch.1 and ensure accuracy.

20. Comprehensive Documentation Preparation

• Preparation of cover letters, engagement letters, and checklists, ensuring thorough documentation and professional client communication.

21. Preparation of T3, T5013, and T5 Returns

• Expert preparation of T3, T5013 returns for non-business activity clients, and T5 returns for all relevant clients.

Why Choose ABC LLP for Canada Corporate Accounting & Taxation?

Cutting-Edge Technology: Benefit from our use of advanced technology that ensures fast, accurate, and efficient service delivery.

Tailored Solutions: Our services are customized to meet the specific needs of Canadian corporations, ensuring compliance and optimal financial management.

Expert Team: Work with a team of experienced professionals who are dedicated to delivering high-quality accounting and taxation services.

Comprehensive Service Range: From bookkeeping to tax return preparation, we offer a wide range of services that cover all aspects of corporate accounting and taxation in Canada.

Client-Centric Approach: We prioritize clear communication and personalized service, ensuring that our clients receive the support they need to succeed.

Frequently Asked Questions (FAQs)

Q: Why should I choose ABC LLP for my corporate accounting needs? A: ABC LLP offers comprehensive, technology-driven solutions tailored to the unique needs of Canadian corporations, ensuring accuracy, compliance, and efficiency.

Q: How can ABC LLP assist with my corporate tax return? 

A: Our team prepares and reviews T2 corporate tax returns, ensuring full compliance with Canadian tax laws and optimizing your tax position.