Kalos LLP

ACCOUNTING

Compilations (Notice to Reader) – Year-end is here and you need financial statements – let us prepare them for you. We will prepare your statement of financial position, results of operations and cash flows. What’s the story behind the numbers? Our partners will also assist you in the interpretation of these statements to provide insight into your business.

Accounting Policy – Decisions such as which accounting standard to adopt, which accounting policy to use for estimates, or how to account for your inventory not only have regulatory considerations; but may also have a significant impact on the quality of information available to you to make management decisions. We can help you navigate regulatory requirements, as well as have comfort that you can rely on the numbers you base key decisions on.

Unusual Transactions – There may be instances where you encounter unusual transactions not often experienced in the normal course of business. We can assist you with the assessment of the transaction, understanding its impact, interpretation and application of the accounting standards.

TAX

Canadian Personal Tax – Are you meeting with your accountant regularly to ensure you are on the right track? Are you maximizing the tax advantages and planning strategies that are available to you? Could you benefit from a tax professional? We will take care of your personal tax return, but that’s just the beginning.

Canadian Corporate Taxes – Should you operate your business as a sole proprietor or should you incorporate? Are you a Canadian Controlled Private Corporation that qualifies for a lower tax rate? Have you optimized which expenses go through your business? We can answer these questions and more; as well as file your corporate tax return.

Need both? We will work with you to build an integrated and complimentary personal and corporate tax planning strategy to minimize your tax liability.

ADVISORY

Technology Selection and Implementation – Technology is fast-changing, and so is business. We can assist you in the evaluation of various technology solutions that will best suit your needs, change management during the implementation, and a chart of accounts redesign that will allow you to extract the information you need to make informed business decisions.

Internal Controls – Establishing strong internal controls is important to the security of any business. We can help you identify existing risks or control gaps, identify issues currently facing your business, as well as implement controls to mitigate risks.

Process Improvement – Could your business benefit from automation? Are your employees frustrated from inefficient, overly manual or redundant processes? Are you getting the data you need to manage your business in a timely manner? We can help you implement efficient and effective processes to get the right data at the right time while minimizing employee frustration.

Management Decision Making – Management is often faced with a number of challenging decisions ranging from product offering/retention, geographical footprint, and more. Equipped with a wealth of financial experience, we can assist you with both quantitative and qualitative considerations for you to make the best decision for your business.

TRANSACTIONS

Financial Due Diligence – Closing a M&A deal can be a stressful and complicated process. We can help you with the process, understanding the issues, and ultimately help you preserve value. Preparing for sale? We can help you articulate your story and be ready for potential buyers’ questions. In the market to grow through acquisition? We will help you ensure your deal thesis is not just financially sound, but makes sense strategically as well. Technical deal analysis can include: quality of earnings; working capital requirements; net debt and debt-like; capital expenditure requirement; and, forecasted financial results.

Divestitures – Non-core assets may be spreading management too thin or detracting from profitable business units. Selling these could allow you to focus as well as provide capital to further invest into your business. We can help you in carving out corporate overhead allocated to the division, getting to a stand-alone business and articulating the non-core asset's value.

Corporate Financing – Debt or equity? You need capital but want to make sure you understand the implications of the financing to your business. Balancing potential dilution and control ramifications versus restrictive covenants and liens can be a difficult process. We can assist you in optimizing your capital structure as well as building models to articulate value to potential investors or lenders.

Asset Financing – Should you lease or buy? Does the payback period and return on asset make sense for the investment? We can help you navigate the best financing option and ensure the asset purchase makes sense.