REVIEW ENGAGEMENTS

4-A Professional Services provides an assessment of your financial statement through a series of enquiries, analysis, and discussions. We then are able to provide limited assurances that your financial statements are plausible and have been prepared in accordance with the applicable accepted Canadian Financial Statements. 

Review Engagements provide multiple purposes for a business. These include the interpretation of your financial results to facilitate key business decisions to be made as well as providing banks, creditors, and potential investors with reliable Financial Statements.

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NOTICE TO READERS

We provide Notice to Readers services which entails preparation of an unaudited financial statement. Notice to Readers is a clear, concise professionally prepared compilation of financial statements to summarize your business operations. Notice to Readers are useful when you are not required to send them to creditors or to banks to increase your borrowing power.

CONSULTING

4-A understands that every client is different so we begin by working with you to understand your business or personal financial situation, short term and long term goals. We solve any immediate needs which are typically government compliance issues (corporate tax, GST and payroll). Then as part of your team, we customize an action plan, prioritize items and help guide implementation. 4-A is there to provide support throughout the year in monthly, quarterly or semi-annual meetings depending on your unique situation.

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VIRTUAL CHIEF FINANCIAL OFFICER

Most business in the Small-Medium Business market chose not to absorb the cost of having a Chief Financial Officer on staff. Yet, the functions that a CFO provides can be critical in providing guidance on key business decisions such as those required to achieve the desired business growth. The engagement of a Virtual CFO is a much less expensive alternative yet can still provide that guidance as well as;

• Creating business plans and budget targets

• Responding to your bank’s request for financial information

• Attend meetings with your stakeholders

• Ensure your company is in full compliance with Canada Revenue Agency regulations

BUSINESS PLANNING

A critical component of successful business growth is the ability and discipline to develop strategies that can be implemented by an organization. Business and strategic planning can often be an aspect of an organization that is either overlooked or understaffed to properly plan for the future of the organization. 4-A Professional Services supports its clients in this important element of a business by providing services that will help define;

• Realistic goals

• Strategic and tactical plans required to achieve their goals

• Risks associated with their goals

• Their strengths and weaknesses

• Changes to the corporate structure, if required, for tax planning purposes

Most everything we buy, sell, and earn has a tax implication in one form or another. While taxes are an everyday occurrence for any business or individual, tax laws and implications are not well understood by many.  If not well understood, it is next to impossible to properly develop a tax strategy or plan that will comply with the Canada Revenue Agency’s ever-changing regulations. 4-A Professional Services are well informed on all Canadian Tax legislation to ensure that not only do you comply with the legislation but that you are required to pay as little tax as you can.

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4-A provide the following Tax Services;

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CORPORATE (BUSINESS) TAX

• Annual provincial/federal tax planning strategies

• Tax implications on specific transactions you might make

• Year-end tax compilations and filings

• GST filings

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PERSONAL TAXES

• Personal tax preparations

• Proprietorship/self-employed individual tax preparations

• Past year tax reviews

• Estate and Deceased tax returns

• Tax planning strategies for next year

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CRA TAX AUDITS

• Support through audit process should you be subject to a desk or standard audit on your taxes by the CRA

• Guide you through the requirements to effectively respond to CRA demands pertaining to any compliance issues you may experience

MAKE SOUND DECISIONS

Accurate, up-to-date bookkeeping is the backbone of any successful small business. No matter what type of business you operate, there are many reasons to have accurate bookkeeping in any business including;

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• allowing you to meet many CRA deadlines

• helping you prepare for tax season

• allowing you to stay on top of receivables and payables

• helping you to understand your profitability

• ensuring your year-end goes smoothly

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BOOKKEEPING SERVICES

Overall, good bookkeeping helps you to make sound decisions on the health of your business.

4-A Professional Services provide a number of bookkeeping services to our clients including;

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• Manual preparation using a synoptic or other programs including QuickBooks Online

• Preparing on a monthly, quarterly, semi-annually or annual basis, we are able to;

  • Input all bank and credit card transactions

  • Bank reconciliations

  • GST preparations

  • Payroll and Record of Employment

  • Interim Financial Statements.