Year end accounting and Preparing income tax returns:
There are three levels of accounting engagements:
1. Compilation Engagements - Notice to Reader
This work involves a cursory review of client prepared financials and/or compilation of
statements after necessary adjustments approved by management .Income tax returns are
prepared as well. This engagement is acceptable to Canada Revenue Agency and to manage
ment as well as to financial institutions
2.Review Engagement :
Here we review your financial statements and records and and make necessary enquiries
of management and conduct analytical procedures to ascertain the appropriateness of
information . Review engagement provide increased assurance to users.
3. Audit Engagements:
As a sole practitioner, I decided not to undertake audit engagements since audits require resources and time which I do not have at this time.
Income tax and other tax returns are also prepared as part of all these engagements .
Tax Preparation and Income tax Services
Individual Income tax Returns :
We prepare and electronically file income tax returns within a day or two after receiving your information.
Other Tax returns:
we also prepare and electronically file the following tax returns:
-Estate and Trust Returns
-T4, T5, T3 returns ,and payroll remittances
-GST, PST and WCB returns