Owner Managed Business Services
Audit engagements are done to enhance the degree of confidence of intended users in the financial statements. Auditing standards require the auditor to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. This assurance comes from the auditor accumulating sufficient and appropriate audit evidence that, in his opinion, reduces the risk of a material misstatement to an acceptable low level. In general, misstatements, including omissions, are considered to be material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.
Review engagements are a cost effective alternative to audits. In many cases owners of private corporations, elect to engage us for a review engagement which provide a moderate level of assurance but usually meet loan requirements for most corporate bank loans.
If you only require financial statements for internal use and income tax returns, compilations could be your best option. In a compilation, we will assemble the financial statements based on the information provided by management. A compilation is the most cost effective alternative to an audit.
In addition to providing our clients with personal, corporate, trust and estate tax returns we offer tax planning services that can minimize your overall taxes. Have our knowledgeable accountants look at your tax situation and provide helpful recommendations for reducing your taxes now and in the future. Our services can help you:
Estate and Trust Taxes
Lee & Souter LLP prepare trust income tax and information returns, T3's, for both estates and trusts. We also compile financial statements for estates and trusts, if required. Trusts are required to file the trust income tax return on a calendar year basis. Estates are not required to use the calendar year as their fiscal period, but it is frequently useful to do so. Trust income tax returns are due at the office of the Canada Revenue Agency (CRA) 90 days following their year end.
Other Accounting Services
Keeping track of your invoices and billings not your thing? Let us help. Our office can complete your bookkeeping to provide you with a monthly income statement, balance sheet and cash flow to ensure you have current information to make mission critical decisions. This keeps you focused on growing your business while we take care of the bottom line.
We're Quickbooks certified and have experience with many off the shelf accounting packages such as Simply Accounting. Contact us for training and implementation.
Can't afford a full time senior accountant? If your company needs accounting guidance we have senior accountants with corporate experience who can provide guidance to your staff. Let us help you:
Calculating payroll can be confusing and frustrating let us help provide you with the necessary returns:
Leslie Corporate Centre • 9140 Leslie Street, Suite 410 • Richmond Hill, Ontario • L4B 0A9
T : 289-597-8913 • F : 289-597-5745 • email@example.com