Business Accounting Services Toronto
Small businesses need proper accounting in order to have reliable information that they can retrieve whenever there’s a need. We will ensure you maintain a business accounting system that is easy to use, accurate and consistent giving you all the information you need on a timely basis. Whether you want a single-entry journal or double-entry, we’ll customize a service that addresses all your needs.
Our CPA knows the accounting principles that must be adhered to when preparing financial reports. We will study all the options carefully allowing you to make a smart decision. If you are planning to go public in the future, you may consider adopting IFRS in order to maintain consistency with a parent company. We know that the needs of every small business are unique and that’s why we strive to personalize our accounting services for you.
Partner With an Accountant You Can Trust
Whether you are running a home-based business or a small organization with a huge potential to expand, we can handle all your accounting and taxation matters. We’ll help you prepare financial statements when you need to seek financing in form of a loan or capital from investors. We’llhandle your tax filings and make sure you save as much as you can on every business transaction.
GTA Accounting Professional Corporation not only offers cost-effective services but is also very familiar with the needs of small businesses. Meet our Toronto Chartered Professional Accountant with experience in your line of business. We’ll help you save more money and make financial decisions that positively impact on your bottom line. Rest assured that we will do excellent work and keep your business in the right place.
Small businesses need proper accounting and bookkeeping to streamline their operations. By keeping your books in order, you’re able to understand the challenges your business is facing and make changes that foster growth. At GTA Accounting Professional Corporation, we offer a wide range of accounting and taxation services to serve your needs.
Why Outsource Accounting Services?
When you have a reputable accounting company to help you maintain good records for your business, you can keep track of current and past financial positions then work toward building your business. Our Chartered Professional Accountant will help you maintain organized records in order to plan and forecast financial positions for your business.
We know there are certain reporting and tax obligations that you have to satisfy regardless of the size of your business. By helping you maintain proper records, we’ll save you time and energy the next time your corporate business gets audited.
Get Help in Record Keeping
One of the main challenges in running a small business is keeping track of any commercial activity that you engage in.
Our Chartered Professional Accountant will help you maintain accurate and complete records of your income and expenses. One of the main challenges in running a small business is keeping track of any commercial activity that you engage in. It’s important to have records for every business transaction. This includes paper and electronic receipts, payroll details, taxes and expenses or sales made. These records, as well as their supporting documents, must be well kept. Our CPA will help you maintain accurate and complete records of your income and expenses.
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Client Success Stories
Small Business | Amin
International Taxes | Bhagat
Importing, Exporting | Cody
Solo Entrepreneur | Dylan
Independent Contractor | Hassan
Restaurant Business - Igor
ECommerce Business - Jamy
Self Employed - John
Small Business Owner - Joony
Real Estate Investor - Khalid
Small Business Owner - Mani
Personal / U.S. Taxes- Mike
Real Estate Agent - Natalie
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"GTA Accounting brings one-stop accounting to the cloud"
Frequently Asked Quesitons
There are a number of reasons why you might need an accounting firm for your small business. Perhaps you don't have the time or knowledge to keep track of your finances yourself. Maybe you're expanding your business and need help with financial planning and budgeting. Or maybe you just want someone else to handle the paperwork so you can focus on running your business.
Whatever your reasons, an accounting firm can provide valuable services for your small business. They can help you keep track of your finances, prepare your tax returns, and advise you on financial planning and management. An experienced accountant can also offer insights into how to improve your business's financial health and profitability.
A Certified Public Accountant (CPA) is a professional who has passed a rigorous exam and met all the requirements to become licensed in their state. CPAs are qualified to provide a wide range of accounting and financial services, including tax preparation, auditing, financial planning, and management consulting.
While you might be able to find someone to do your taxes or help with your bookkeeping, only a CPA can provide the comprehensive range of services that can really help your small business thrive. If you're looking for advice on how to grow your business or ways to improve your bottom line, a CPA can offer valuable insights based on their experience and expertise.
When you're ready to choose an accounting firm, there are a few things you should keep in mind. First, you'll want to make sure the firm you choose is qualified and experienced in working with small businesses. You'll also want to consider the size of the firm and whether they have a team of CPAs or just a few accountants.
You'll also want to ask about the fees charged by the firm. Some accounting firms charge by the hour, while others charge a flat rate for their services. Be sure to ask about any additional fees for items like filing your taxes or preparing financial statements.
Finally, don't be afraid to ask for references from other small business owners who have used the firm's services. Talking to someone who has firsthand experience can give you a good idea of what to expect and help you choose the right accounting firm for your small business.
One of the most common reasons small businesses use an accounting firm is for tax preparation and filing. An experienced accountant can help you maximize your deductions and make sure you're taking advantage of all the tax breaks available to small businesses. They can also help you prepare your tax return so it's filed correctly and on time.
In addition to preparing and filing your taxes, an accounting firm can also help you with other aspects of tax planning, such as choosing the right business structure or setting up a retirement plan. They can also offer advice on how to handle payroll taxes and other employee benefits.
In addition to preparing your taxes and offering financial advice, an accounting firm can also provide a wide range of other services to help your small business. They can help you set up QuickBooks or another accounting software, prepare financial statements, and offer management consulting services.
They can also assist you with human resources tasks like setting up employee handbooks and conducting performance reviews. And if you're expanding your business, they can help you with things like applying for loans, negotiating leases, and choosing the right insurance coverage.
No matter what stage your small business is in, an accounting firm can provide valuable services to help you succeed. They can offer advice on how to improve your bottom line, prepare your taxes, and manage your finances. With their help, you can focus on running your business and achieving your goals.
The cost of hiring an accounting firm for your small business will vary depending on the services you need and the size of the firm you choose. Many accounting firms charge by the hour, while others charge a flat rate for their services. Be sure to ask about any additional fees for items like filing your taxes or preparing financial statements.
You can also expect to pay more if you choose a large accounting firm with a team of CPAs. However, they can offer a higher level of service and expertise. When choosing an accounting firm, be sure to compare prices and services so you can find the best value for your small business.
If the CRA selects your small business for an audit, it's important to stay calm and cooperate with the auditors. An auditor will likely request access to your financial records, bank statements, and receipts. They may also interview you or your employees.
The auditor's job is to make sure you're following the tax rules and regulations. They're not there to punish you or assess penalties. If they find any errors or discrepancies, they'll work with you to correct them. In most cases, an audit can be resolved without any major problems.
If you're facing an audit, it's a good idea to hire an accountant or tax lawyer to help you through the process. They can represent you during the audit and make sure your rights are protected.
No matter what stage your small business is in, an accounting firm can provide valuable services to help you succeed. They can offer advice on how to improve your bottom line, prepare your taxes, and manage your finances. With their help, you can focus on running your business and achieving your goals.
An accounting firm is a company that provides a wide range of accounting and financial services to businesses. An accountant is an individual who works for an accounting firm or provides accounting services independently.
The main difference between hiring an accounting firm and hiring an accountant is the scope of services they can provide. Accounting firms typically have a team of accountants and other professionals who can offer a wide range of services, from tax preparation to financial planning. Individual accountants usually have more limited practices and may only offer tax preparation or bookkeeping services.
When choosing an accounting provider for your small business, it's important to consider your needs and budget. If you only need help with tax preparation, an individual accountant may be a good option. However, if you need a full range of accounting and financial services, an accounting firm may be a better choice.
