Services
Accounting and Bookkeeping
We will integrate your system in the best possible way, thus maintaining all your financial reports and information. Our range of bookkeeping services is provided to you at the most cost-effective measures and will keep all your documents consistent. As per your requirement, your books will be maintained and thus at Rayan Accounting, you will receive the best in this genre.
Taxation
Personal Tax
Preparing personal tax returns can be complex, especially considering the changes in personal tax laws that are constantly taking place. If prepared incorrectly, you could be missing out on tax credits or tax deductions, resulting in more tax than you should be paying.
Being careless about business tax can mean doling out extra dollars to tax authorities of Canada or your province out of your hard-earned business income. Why should you allow this to happen? Tax laws are often complicated, and then there are so many laws that it is easy for a layman to get confused and just pay as per the obvious income and the tax bracket against it.
We can prepare almost any type of personal tax return, including for employees, sole proprietors, investors, non-residents, and more as noted below:
Corporate Tax
When preparing corporate tax returns for your business, our focus is on accuracy and tax savings strategies to minimize your tax bill. You must file your corporate income tax return with the CRA within 6 months of your corporation’s year-end. For most businesses, this deadline is June 30th (if your corporation has a December 31 year-end). If you don’t file by the deadline, you’ll be paying significant penalties and interest.
The taxation policies of Canada or provinces like Ontario can change anytime, and it is not possible for a business to keep a tab on all the latest taxation policies. Lack of updated information may sometimes end up in situations where you over pay your taxes or pay penalties for improper filing of corporate income tax, or you may end up missing the bus of tax breaks available under a new scenario. So what you need is service of a very skilful corporate tax accountant who would be able to file your corporate income tax in a manner that is most beneficial for your business and provides you maximum advantages of tax breaks.
Accounting & Bookkeeping
There is a direct connection between proper bookkeeping, consequently accounting and tax savings. Taxes are calculated on net incomes of a business. When business expenses are ignored or omitted in absence of a proper bookkeeping and there are no professional accountant's in staff to review the financial statements for accuracy, regardless of the size of each
individual transactions their accumulated figure over the course of a fiscal period can run into a large amount which in turn the actual profits appear higher than what they are.
Keeping tracks of your books is time-consuming, expensive, and inefficient for a company who does not outsource this work. Accounting and bookkeeping requires a high degree of organization and time management. Expertise and knowledge in accounting and bookkeeping enables us to deliver these quality professional services effectively and efficiently at a reasonable cost to your business.
Let us help you with your day-to-day bookkeeping and government reporting duties. We can take the place of an employee with our friendly and efficient bookkeeping staff. Well organized and accurate records of your business will help you run more efficiently on a daily basis and be the foundation for success. We can provide payroll services and produce T4s and T5s that conform to CRA requirements.
At Rayan Accounting, we provide a full range of bookkeeping services as noted below. To find out more information on a specific service, please email us or contact us for a complementary consultation.
Financial Statements
Professionally compiled financial statements make it easier for you and others to understand what the numbers actually mean in any easy to read format. It is essential for your company to have an accurate and relevant financial statement to make the right business decisions, attract prospective investors and clients, as well as show loaning institutions (banks, etc.) the
true viability of your business performance.
They’re an integral part of running your business.
We can compile financial statements for your company for many purposes, including:
We will organize your balance sheet, income statement, statement of retained earnings, and statement of cash flow and integrate a clean and efficient system. We will provide a reliable, relevant, easy-to-follow and comparable financial statement to clearly outline the company's financial performance.
Payroll
Payroll Services
Payroll Services
At Rayan Accounting, we provide a full range of Payroll Services as noted below. To find out more information on a specific service, please send us an email or contact us for a complementary consultation.
We will integrate a payroll services system into your business function that will factor-in all the necessary details and perform all the necessary functions.