Astute Business Services
Ajax
(1)
Ajax
(1)
Astute Business Services (ABS) is built around helping small businesses becoming efficient and solving problems through various services.
What makes us different, and better, than the rest:
1. Stability– our experienced team of experts have been with us for many years.
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1 customer review
Ramon Carty
Very professional and thorough
Reviewed on Google Maps
What kind of accounting services do you provide?
Astute Business Services caters to small business needs. With professional accounting and bookkeeping requirements. For those requiring more, we also provide Tax Preparation services, year-end closing in preparation for an audit, guidance to implementing proper control systems, Balance Sheet and Income Statement as well as Notice to Readers.
Why is it so important for businesses to hire a great accountant?
An accountant can be an important member of your business team.
A capable accountant focuses on the relationship. Find an accountant who is interested in your success and in building long-term clients, and he or she will be even more advantageous to your team. Your accountant should be interested in both your personal and professional financial success.
What inspired you to start your own business?
We endeavour to create a partnership with my business clients. One that transience mere tax returns to include advisory services, representations and guidance in navigating your business growth.
Why should our clients choose you?
Not all accountants are alike. We are different. We work with you to grow your business and your bottom line.
Our profit and growth experts are committed to serving the needs of businesses in our community. We have the services and know-how required to help your business prosper today, tomorrow and five years from now.
You will never see us apply a one-size-fits-all solution. Instead, we will give your personal attention and a sophisticated, forward-looking strategy.
Can you provide your services online or remotely? If so, please add details.
We can provide both online and in-person services. Online contact can either be Zoom, Skype, Google Meets, or Whereby
What changes have you made to keep your customers safe from Covid-19?
We have kept person to person contact to a minimum. For in-person, masks are mandatory also I do the travelling to your designated location.
BUSINESS INCORPORATION
We provide official searches for full Ontario incorporation, Canada trademark registration, and other related corporate services with minimum cost. We respond to your need quicker, faster, so you can save more.
Our services include:
Corporate name and trademark searches
Profit and non-profit incorporation
Canada trademark registration
Corporate minute books and seals
Ontario corporate profile searches and certificates
Ontario corporate amendment, dissolution, and reviving.
Business Planning
Do you have a business idea? Are you considering starting up a business? Is your business stagnating and in need of financing?
Whatever your case may be, we can help bring your business ideas to fruition. We would be more than happy to develop viable business plans and strategies to help you grasp opportunities and experience positive growth. Our business consultants can help you create a business plan that outlines your company’s purpose and the steps needed to succeed to attract investors. We will work hard to find the best solutions for your current business needs. Get in touch with our consultants to learn more about our business planning services to achieve your goals.
Payroll Processing
We provide all kinds of payroll services as follows:
Preparation of cheques, reconciliation, and clearing
Direct bank deposits (to any Canadian financial institution)
Arrangement of Employee Status and Standard Payroll Reports, Government Remittance of Statutory Deductions, WSIB, T4/T4As, and year-end summaries and adjustments
Record of Employment (ROE) Certification
Tax Preparation
Personal
ABS provides affordable and accurate personal tax services to individuals. We work closely with our clients to minimize costs and increase their tax refund. You can be rest assured that your account records will be handled responsibly, meticulously, and professionally so as to curtail your chances of being audited. Our client base is unlimited. We provide useful tax services in the following areas:
Employment income
Commissioned employees
Disability and social assistance
Newly landed immigrants and students
Seniors and retirees
Small business owners
To guarantee a fast and accurate tax return, always keep hard copies of your
Account related files at hand.
E-File
E-File is an automated system that allows registered service providers to submit income tax return information directly to CRA. Majority of Canadians are eligible to use E-File. Usually CRA provides an acceptance file within three hours after submitting income tax information by E-Filer. It is very important to ensure the accuracy of the preparation of tax return for first-time acceptance.
Benefits of E-File
Fast refund – usually 10-14 working days since some manual steps cut.
Paperless – tax return information is transmitted directly to CRA terminals.
Direct deposit – income tax refund, GST/HST credit payment and Child Tax Benefit could be deposited to taxpayer account directly.
Greater accuracy – since series of checks performed by special computer programs and filters
Taxpayer has to show all necessary documents to E-File service provider and keep all information slips, receipts and other supporting documents used to prepare return for six years in case CRA may ask to see them.
Business Tax
Self-Employed/Contractor/Home-based business taxes
If you receive any remuneration for services or products you provide, for your own account, you are self-employed. Such income can be earned from a business that you solely own or partnership share. Self-employment income is reported on your personal income tax return (T1- Income Tax and Benefit Return).
A person can report their business income based on a fiscal period, typically the tax year. You can deduct expenses made throughout the fiscal year as long as the expenses were directed towards income earning. It is therefore pertinent that you maintain proof of your self-employment expenses to support your claims and avoid tax penalties. We do provide guidance on deductible items.
A self-employed person should pay any outstanding taxes before April 30th. However, Income tax Return is due, at Revenue Canada no later than June 15th. Our tax professionals are prepared to handle all your tax filing so that you can devote more time and energy into the growth of your business. We will do our best to ensure your Return does not result in tax audits. If it does we will confidently defend your claim and Return.
Corporation Tax
All corporations must file an income tax return every year (T2- Corporation Income Tax Return). A corporation must file their corporate income tax return, within 90 days from the end of the fiscal year regardless of tax liability. The Return includes a complete financial statements and the necessary schedules complementing the T2 return.
It is important to keep accurate and complete records as your corporate income tax return depends largely on the structure and accuracy of its bookkeeping records. For this reason, ABS strives to help companies maintain a solid foundation in bookkeeping. We are confident that our services will provide you with sound knowledge and diligence to prepare a solid corporate income tax return.
Our professionals have the knowledge and experience to minimize corporate tax payable amounts. Corporate tax planning takes into account a substantial amount of taxes, including income tax, payroll tax, and capital tax. We will, of course, organize your tax return and deal with the Canada Revenue Agency as necessary. At ABS, we can help you analyze the tax impact of business decisions and select the best formation for your projected transactions and new investments.
