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BUSINESS PLANNING

A business plan is a written document that describes in detail how a business—usually a startup—defines its objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpointsBusiness plans are important documents used to attract investment before a company has established a proven track record. They are also a good way for companies to keep themselves on target going forward.Although they’re especially useful for new businesses, every company should have a business plan. Ideally, the plan is reviewed and updated periodically to see if goals have been met or have changed and evolved. Sometimes, a new business plan is created for an established business that has decided to move in a new direction.

ESTATE PLANNING

Estate planning is the preparation of tasks that serve to manage an individual’s asset base in the event of their incapacitation or death. The planning includes the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of anattorney Estate planning involves determining how an individual’s assets will be preserved, managed, and distributed after death. It also takes into account the management of an individual’s properties and financial obligations in the event that they become incapacitated.Assets that could make up an individual’s estate include houses, cars, stocks, artwork, life insurance, pensions, and debt. Individuals have various reasons for planning an estate, such as preserving family wealth, providing for a surviving spouse and children, funding children’s or grandchildren’s education, or leaving their legacy behind to a charitable cause.  experienced in estate law. Estate planning involves determining how an individual’s assets will be preserved, managed, and distributed after death. It also takes into account the management of an individual’s properties and financial obligations in the event that they become incapacitated.Assets that could make up an individual’s estate include houses, cars, stocks, artwork, life insurance, pensions, and debt. Individuals have various reasons for planning an estate, such as preserving family wealth, providing for a surviving spouse and children, funding children’s or grandchildren’s education, or leaving their legacy behind to a charitable cause.

WEALTH MANAGEMENT

Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. It is a consultative process whereby the advisor gleans information about the client’s wants and tailors a bespoke strategy utilizing appropriate financial products and services.wealth management advisor or wealth manager is a type of financial advisor who utilizes the spectrum of financial disciplines available, such as financial and investment advice, legal or estate planning, accounting, and tax services, and retirement planning, to manage an affluent client’s wealth for one set fee. Wealth management practices differ depending on the nation, such as if you are in the United States versus Canada.

FINANCIAL PLANNING

A financial plan is a document containing a person’s current money situation and long-term monetary goals, as well as strategies to achieve those goals. A financial plan may be created independently or with the help of a certified financial planner.

In either case, it begins with a thorough evaluation of the individual’s current financial state and future expectations.

  • A financial plan documents an individual’s long-term financial goals and creates a strategy for achieving them.
  • The plan should be comprehensive, but also highly individualized to reflect the individual’s personal and family situation, risk tolerance, and future expectations.
  • The plan starts with a calculation of the person’s current net worth and cash flow and ends with a strategy.

TAX & AUDIT CONSULTING


“Tax planning is not only the year end exercise. We advice our clients in the beginning & also throughout the year and even after the end of tax year to save their taxes & increase their wealth.”
  • Business & Personal Taxation.
  • E-filing of tax returns.
  • Complete accounting of Small & Medium Business.
  • Advising on HST/GST, Payroll, WSIB.
  • Audit & Appeal with CRA, Ministry of Revenue, WSIB etc.
  • Compilation of Financial Statements.
  • Business Registration/Incorporations including determining which corporation is appropriate.
  • Implementing tax strategies to ensure that taxation charges are minimized and/or deferred.
  • Preparation of Shareholder Agreements, Director’s Resolutions & By-Laws.
  • Tax Filing for NON-RESIDENTS.

 

An Audit Consultant performs basic operational and financial audits, internal control reviews, and consulting project. The position may work independently on projects or assist senior auditors with components of more complex audits.

IT SERVICES

IT services refers to the application of business and technical expertise to enable organizations in the creation, management and optimization of or access to information and business processes.

The IT services market can be segmented by the type of skills that are employed to deliver the service (design, build, run). There are also different categories of service: business process services, application services and infrastructure services.

If these services are outsourced, they are referred to as business process outsourcing (BPO), applications outsourcing (AO) and infrastructure outsourcing.

accounting

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position and cash flows. Accounting is one of the key functions for almost any business. It may be handled by a bookkeeper or an accountant at a small firm, or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and managerial accounting, are invaluable in helping management make informed business decisions. 

  • Regardless of the size of a business, accounting is a necessary function for decision making, cost planning, and measurement of economic performance measurement.
  • A bookkeeper can handle basic accounting needs, but a Certified Public Accountant (CPA) should be utilized for larger or more advanced accounting tasks.
  • Two important types of accounting for businesses are managerial accounting and cost accounting. Managerial accounting helps management teams make business decisions, while cost accounting helps business owners decide how much a product should cost.
  • Professional accountants follow a set of standards known as the Generally Accepted Accounting Principles (GAAP) when preparing financial statements.