1. Individual and Business Accounting Services:
We do not restrict our services to businesses only. We provide business consulting, financial and planning services for both our individual and business clients.
2. Bookkeeping Services:
IABS is a company that has years of experience in bookkeeping. We use this knowledge to keep our client’s bookkeeping updated and ready for both financial and taxation reference. We provide complete bookkeeping services including record maintenance, bank reconciliation, custom reports, etc. Also, we make sure there are no errors in your records.
3. Preparation of Financial Statement:
The amount of profit that your business made in a year can be defined based on the final accounts statement for the year. This reporting should be error-free and all the details need to be entered meticulously. We prepare financial statements based on the information provided by management and the guidelines provided by Accounting Standards of Private Enterprises (ASPE) in Canada.
4. Tax Planning:
We also specialize in tax planning services. This includes individual tax, corporate tax, and estate or trust tax. It is essential that the income tax of an individual is planned as per the Canada Revenue Agency. We provide the guidance for the same. For corporate taxes, we work with our clients before the financial year end and during the year to identify possible mitigations for taxes.
5. Payroll Services:
We provide payroll services for businesses of all size. Our services include T4 returns, employment records, salary management, financial modelling for incentives, etc.