Accounting Services Offered by Margin Accounting
- Setting up of accounting systems on accounting packages most compatible with each client’s individual business needs
- Preparation of employee paycheques and Record of Employment
- Monthly bookkeeping, accounting, and maintenance of the sales, purchases, inventory, bank, payroll, and the related accounts
- Monthly preparation and analysis of financial statements
- Monthly preparation and analysis of the payables and receivables
- Year-end procedures and preparation of annual financial statements
- Monthly or quarterly preparation of returns, tax papers, applications, or documents relating to GST, PST, payroll source deductions, WSIB, non-resident withholding taxes, corporate T2, individual T1, SR&D, etc.
- Preparation of the employees’ T4s and T4 summaries
- Preparation of corporation tax returns (T2s) for filing with the federal and provincial governments
- Preparation of the annual T1 General (Personal) Tax Returns for the owners and the employees at their request
- Financial analysis and advice on any client-specific tax or accounting issues such as sale and purchase of business, capital gains or losses, goodwill, investment (within Canada or offshore), etc.
All of the above functions are carried out in accordance with Generally Accepted Accounting Principles (GAAP) and meet the standards set by the federal and provincial governments.
