OUR SERVICES
Business & Personal Consulting Services That Suit Your Needs
OUR PROCESS
Here at 4-A Professional Services, we understand that every client and their business needs are unique.
Our journey starts by reviewing your current financial situation, understanding your short-term and long-term goals. We swiftly address pressing needs—often centered around government compliance hurdles—such as Personal Tax, Corporate Tax, GST, and Payroll matters.
When we become a part of your team, we collaborate to tailor an action plan, prioritize tasks, and expertly guide implementation. Whether it’s monthly, quarterly, or semi-annual meetings, 4-A stands by your side, offering unwavering professional support throughout the growth of your business.
REVIEW ENGAGEMENTS
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.
4-A Professional Services provides an assessment of your financial statement through a series of enquiries, discussions and analysis. We then can provide limited assurances that your financial statements are plausible and have been prepared in accordance with the Canadian generally accepted accounting principles.
COMPILATIONS
A Compilation is a clear, concise professionally prepared compilation of financial statements to summarize your business operations. Compilations are useful when you are not required to send them to creditors or to banks to increase your borrowing power. Our company can provide a Compilation which entails preparation of an unaudited financial statement.
ACCOUNTING & ASSURANCE
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.
VIRTUAL CHIEF FINANCIAL OFFICER
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. So, although many small-medium size businesses opt out of an actual CFO due to costs, 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.
-
Attending meetings with your stakeholders.
-
Ensure your company is in full compliance with Canada Revenue Agency regulations.
BUSINESS PLANNING
A key factor in achieving successful business growth lies in an organization’s capacity and commitment to formulate actionable strategies. Effective organizational planning, including business and strategic considerations, is sometimes neglected or inadequately staffed, hindering proper preparation for the organization’s future. 4-A Professional Services aids its clients by offering services that contribute to defining this crucial aspect of a business. These services include:
-
Establishing realistic goals.
-
Developing strategic and tactical plans necessary to achieve those goals.
-
Identifying and managing risks associated with their objectives.
-
Assessing their strengths and weaknesses.
-
Advising on potential changes to the corporate structure, if needed, for tax planning purposes.
CONSULTING
TAX SERVICES
In one form or another, everything we buy, sell or earn has a tax implication. Even though taxes are an everyday occurrence for any individual or business, understanding the tax laws and implications might not be everyone’s forte. 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 is
knowledgeable about all Canadian tax legislation, ensuring not only compliance but also minimizing taxes.
4-A provide the following Tax Services;
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
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
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
BOOKKEEPING
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;
-
Meeting CRA Deadlines:
-
Staying Compliant: Accurate bookkeeping ensures you meet various Canada Revenue Agency (CRA) deadlines promptly.
-
-
Tax Season Preparation:
-
Smooth Tax Filing: Well-kept records help you prepare for tax season efficiently.
-
-
Managing Receivables and Payables:
-
Financial Flow Control: Accurate bookkeeping allows you to stay on top of both incoming payments (receivables) and outgoing expenses (payables).
-
-
Understanding Profitability:
-
Insightful Analysis: Clear records enable you to understand your business’s profitability better.
-
-
Efficient Year-End Process:
-
Seamless Closure: Proper bookkeeping ensures a smooth year-end process.
-
BOOKKEEPING SERVICES
In summary, effective bookkeeping empowers you to make informed decisions about your business’s well-being. At 4-A Professional Services, we offer a range of bookkeeping services to our valued clients, including:
-
We manually prepare your records using various programs, including QuickBooks Online, QuickBooks Desktop
and other synoptic tools -
Bank and Credit Card Transaction Input: We meticulously input all your financial transactions.
-
Bank and Account Reconciliations: We ensure your accounts align accurately with statements.
-
Tax Compliance GST/HST Preparation: We handle your Goods and Services Tax (GST/HST) reporting.
-
Financial Reporting: Interim Financial Statements: We provide timely and insightful financial statements.
FINANCIAL HEALTH CHECK
1. Are you dissatisfied with your current accountant’s guidance or service?
2. Do you face compliance issues with the government that require resolutions?
3. Do you seek assistance to build and expand your company to its fullest potential?
4. Are you in need of a business plan or a financial review to address efficiency or cash flow challenges?
5. Do you require help with personal or corporate taxes, reporting, GST/HST, or payroll compliance?
6. As a high-net-worth individual, do you need assistance organizing
your finances for succession planning and tax savings?