Service summary

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• James Abbott CPA Associates
• Client focused first. Since 2008, our firm has
  been focused on helping clients feel more secure
  about their financial affairs. Our first step is
  always to listen to the client and
• determine what the clients short term and
  strategic needs are. Our solutions are not off
  the shelf each client is presented with a
  unique strategy or solution to help them save,
  pay less taxes and become better off.
• We help our clients get more organized and stay
  on top of payroll and HST filing through our
  bookkeeping services. We consult and advise on
  business start-ups and franchises. Business
  cases for financing are one of our specialties.
  We work with each client to develop safe income
  tax strategies to minimize the amount you pay.
  Corporate Tax Returns T2s are a strength area
  for our practice we love working with owner
  managers to help them grow their business and
  capital.
• Bookkeeping
• Our bookkeeping services at James Abbott CPA
  Associates comes with many benefits over
  handling the bookkeeping yourself. Our staff are
  experienced bookkeepers. This means that we can
  reduce the hours that would have been required
  to do the bookkeeping, while providing an
  accurate product that can be painlessly
  transitioned for your tax filings and other
  accounting needs. Our experience also provides
  us with a strong understanding of what the CRA is
  looking for, on what things
• they are strict, and where they are more lenient.
  This can help us to maximize your savings and
  stay within the limits of the CRA in order to
  help avoid unnecessary fines or audits.
• Certified QuickBooks Pro Advisor
• QuickBooks has 75 of the desktop accounting
  market because its the best. We are Certified
  QuickBooks Pro Advisors. We can help with
  anything from installation and set up to staff
  training. Let us help you get the most out of all
  of the information in QuickBooks. Ask us how we
  can save you up to 30 on your QuickBooks
  purchase.
• Certified QuickBooks Online Advisor
• We are Certified QuickBooks Online advisors. We
  can help with anything from setting up your bank
  feeds, navigating and staff training. Let us help
  you get the most out of all of the information
  in QuickBooks. Ask us how we can save you up to
  40 on your QuickBooks purchase.
• Payroll
• We can help with
• Flexible Solutions from texting in your
  employee hours to setting up dedicated email
  accounts, we make sending in your hours and
  payroll easy.
• Well determine who requires CPP and EI taxes and
  make the calculations.
• Well keep track year to date so T4s are quick
  and easy.
• Well issue your ROEs Record of Employment
  electronically for any employees.

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• Take away the hassle we can set up your
  employees on direct deposit. No more cheques to
  write.
• We keep you in the loop. We can send your
  paystubs directly to your employees and copy
  you.
• Well remind you when government remittances are
  due. Tell us how you want to be reminded were
  good sending texts, emails or calendar
  invites. Well even phone if you like.
• Personal Income Taxes why a CPA is the best
  choice
• Were professional, were experienced and up to
  date and were ready for your personal
• income taxes.
• Weve got over 20 years of experience to help you
  file correctly and remain on the right side of
  CRA. Every year we retrain on whats new in tax
  legislation, what interpretations and tax
  legislation changes have occurred and whats
  coming down the pipe and how it affects your
  personal income taxes. Were thinking multiple
  years ahead in counselling our clients on tax
  planning.
• Youre not looking for the lowest cost or the
  quickest youre looking for quality advice and
  service. We specialize in getting to know our
  clients, their personal income taxes history,
  and their objectives. We provide specific
  solutions and strategies to help you save
  money. We dont believe that someone with a six
  week night school course who only works during
  tax season can provide competent and reliable
  service to their clients in a ten minute
  appointment. Were available full-time year round
  and we have years and years of experience.
• We invest heavily in the best tax software we can
  buy. Our practitioner-only based tax software
  costs over 30 times more than the personal
  version. We feel that this investment pays our
  clients back 100 fold in savings opportunities
  and reduced errors.
• We are digital not only are we registered
  e-filers we are also online with
• CRAs Represent a Client. That means no more
  mailing or faxing documents we can submit any
  receipts through an electronic window directly to
  your file. No more getting time stamps or
  waiting two weeks for CRA to confirm delivery of
  traditional mail.
• We take the time to explain your tax rights and
  opportunities. We can simply explain how a few
  simple changes can sometimes save thousands of
  dollars. We recently advised clients to change
  their RRSP contributions resulting in 10 more
  refund on every dollar. Clients that were taking
  care of elderly parents were able to claim two
  tax credits they were unaware of. The list of
  deductions and credits is long knowing whats
  available and when to use them is key.

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Corporate Income Taxes require a CPA with
experience Weve got the expertise to
professionally complete your corporate income
taxes with the minimum tax liability. With over
twenty years experience helping our clients grow
their businesses and keep more money, were here
to be your financial partner. We specialize in
working with owner managed businesses in
industries from Construction to Health Care to
Retail to Transportation. Let our experience help
build your business. Theres a lot more to
preparing your corporate year end than your tax
return. Your corporate year end must include
both your Financial Statements and T2 Corporate
Income Tax Return. In some cases, an audit of the
Financial Statements must be completed. Most
Banks will only accept Financial Statements
prepared by a CPA. Your Financial Statements will
include a Balance Sheet, an Income Statement and
may include a Statement of Cash Flows and
Notes. The Balances Sheet is a snap shot of your
financial position at the end of the year what
you own, what you owe and whats owed to you.
The Income Statement is the movie about what was
sold during the year and how profitable it
was. The Statement of Cash Flows shows where the
cash came from and where it was spent. As part
of preparing the Financial Statements, well
review the accounting for each item in your
financial statement to ensure the statements are
accurate, complete and professionally present the
results of your corporation. The Financial
Statements become part of the Corporations
permanent records. The Financial Statements
should be approved by the Board of Directors and
kept in a safe place. Your financial statements
are the calling card for the financial wellbeing
of your business. We can present your financial
information in the best light for your business.
Well prepared statements shed insight and
understanding to your business. The T2 Corporate
Tax Return includes the information from your
financial statements but makes the adjustments
to calculate taxable income and your tax
liability. Some items such as meals are only 50
deductible whereas some income such as dividends
from Canadian Corporations may not be taxable at
all. Well review each item with you to ensure
youre the best positioned and best
informed. Business Plans Perhaps youre thinking
about buying a franchise or have a great business
idea that requires financing? Banks, Private
lenders, and Angel Investors all require a
business plan before lending or investing. We
can help you prepare a successful business plan.
We have worked with diverse businesses such as
Franchises, Manufacturers, Health Clinics and
Addiction Treatment Centers. The basis of your
business plan is a written document describing
your opportunity. There may be a power point
based on the document. The best business plans
reflect a reality that supports the opportunity
but also reflects the challenges and threats to
your business.
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Growth and Profitability Consulting Do you feel
busy all the time but dont seem to making more
money? Has the business grown but your income
hasnt? We can help you to earn more on each sale
and keep more of each dollar. Question we can
help with are Which customers are most
profitable? What customers are unprofitable? How
can I have more free time? How do my margins look
compared to my industry? How does profitability
stack up against my estimates? Maybe your
business has been cooking along for five or ten
years but youd like to take it the next level.
Transitioning your business from a small business
to medium size business is just as perilous as
start-up was. We can help you refine your
strategy and tools, skill and tactics to ensure
that your business ends up on top.