Get the structure right from day one
The decisions made at the start of a business can affect future tax filings, bookkeeping, payroll and reporting. We help new business owners establish an appropriate structure and practical accounting systems.
OVERVIEW
Start with an appropriate structure and reliable systems
New business owners often need to decide whether to incorporate, which tax accounts to register for, how to pay themselves, whether workers are employees or contractors and how bookkeeping will be managed. The answer depends on the nature of the business, expected activity and the owners' circumstances.
We help clients understand the available business structures, complete required registrations and establish bookkeeping and reporting processes.
Where legal advice or incorporation documents are required, we coordinate with the client's lawyer or other advisor.
"As the business develops, we can continue to assist with tax compliance, financial reporting, owner compensation and other accounting questions."
WHAT'S INCLUDED
Structure & Setup
Foundational accounting and tax guidance for new and growing businesses
- Advice on business structure, including sole proprietorship, partnership or corporation
- Advice on transitioning from a sole proprietorship to a corporation, including potential tax-deferred rollover considerations
- Guidance regarding GST/HST and PST registration requirements
- Employee and contractor classification considerations
- Coordination with legal and other professional advisors, where appropriate
Ongoing Support
Accounting and tax guidance as your business develops
- Bookkeeping system setup and training
- Owner compensation planning (salary vs. dividends)
- Tax budgeting and instalment planning
- Ongoing tax compliance and filing
- Year-round advisory and reporting support
Start-up accounting and tax services
WHAT YOU CAN EXPECT
Advice based on your business and circumstances
01
Advice based on your situation
We consider the expected activities, ownership, cash flow and administrative needs of the business before recommending a course of action.
02
Clear registration and filing requirements
We identify the accounts, records and deadlines that apply and explain how they fit into the business's ongoing processes.
03
Support as the business changes
Our services can adapt as the business hires employees, changes structure, adds owners or requires more detailed reporting.
RELATED SERVICES
Other ways we help our clients
Corporate & Personal Tax
Comprehensive tax planning that goes beyond compliance. We structure your affairs to minimize exposure and maximize what you keep.
Learn more →Business Advisory
Strategic planning, acquisitions and sales, restructuring, and succession planning. We help you use your numbers to make better decisions.
Learn more →Estate Tax Planning
Efficient estate administration, liability reduction, and tax compliance for high-net-worth clients and their families.
Learn more →GET STARTED
Discuss your new business
Contact us to discuss business structure, registrations, bookkeeping setup or ongoing accounting and tax support.