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Lotus Accounting Professional Corporation

305 Milner Avenue, Scarborough, ON

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About

Lotus Accounting can benefit your business no matter what size or stage it is currently at. Lotus Accounting can do much more than just prepare accounts.

5 hires on Bark
7 min response time

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Reviews (5)

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5/5

5 customer reviews

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10 March 2023

Chandran is great to work with.

30 September 2022

Chandran is an approachable, personable and professional accountant who helps with our business and personal taxes.
He is quick, efficient and very helpful providing excellent services.
Highly recommended.

11 September 2022

Being the owner of a small business, I had worked with a few accounting firms before being recommended Chandran at Lotus Accounting. Having struggled with maintaining our accounts even with the help of said firms, Chandran made it a breeze to get through tax season. His in-depth knowledge of all things tax related, prompt communication on clearing up or advising on any tax related issue's and his timely reminders on upcoming deadlines or payments, gives me the confidence and comfort on knowing that our accounts, both business and personal, are up to date and well maintained.
He was especially a great help during the Pandamic, as he guided us and kept us informed on any new developments that the Government had on loans specific to our business needs.
For those looking for a firm to take care of all your accounting needs, I would highly recommend Lotus Accounting
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18 August 2022

Lotus Accounting has been supporting our business at various levels including audit support, payroll, corporate filings and many more.

Firm is very reliable and determine to provide you with the utmost customer service.
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17 August 2022

Chandran helps with our personal and business taxes for the last 5 years. He has displayed nothing but professionalism and excellent services on filing tax and saving us money. Highly recommend him and the firm.

Services

Lotus Accounting offers full-service bookkeeping and accounting services to small and midsize businesses throughout Grater Toronto Area. Our team of experienced professional accountants are dedicated and eager to assist you with the management of your finances. We will develop a solution that is fully customized to meet your specific needs and allow you more time to run the day-to-day operations.

Offering a full suite of onsite and remote bookkeeping and accounting services allows Lotus Accounting Firm the opportunity to aid you in the growth of your company while reducing overhead and stress. Lotus Accounting Firm provides clients with a professional and affordable method that is all encompassing; bookkeeping, payroll, reconciliations, invoicing, cash flow projections, financial statement and customized reporting.

We are experienced in the finer points of client satisfaction and are looking forward to working with you and your company.

Lotus Accounting Firm is proud to offer preparation and filing services for corporate taxes to a variety of businesses. Our expert tax professionals know that minimizing corporate tax is a top priority for you. In order for you to achieve this goal, it is important to start with expert planning. From corporate structure to executive remuneration to intercompany transactions, our tax advisors will review all facets of your business to ensure you pay the least amount of tax possible, so you can put the money you save towards other initiatives to achieve your business goals.

At Lotus Accounting, we will prepare your personal tax return, and also ensure that you take full advantage of the tax credits and deductions available to minimize your taxes.Our personal tax clients cover a variety of different tax issues including: income from employment; investment income; limited partnerships; rental income; business income; professional income; old age benefits; tax return amendments; objections and appeals; allowable employee expenses.

Lotus Accounting offers a full-service secure solution for your payroll needs. Our payroll service calculates wages and pays your employees, all while staying compliant with payroll taxes, workers compensation and regulations. We help create a seamless payroll experience for you and your employees.

Managing your payroll and staying compliant has never been easier with our fully automated service. Eliminate the stress of employee payroll, quarterly and annual filings. Lotus Accounting Firm is an affordable, full-service solution that reduces overhead, eliminates hassles and helps build your business.

We've created customized payroll services to allow you to pick and choose payroll services that best fit your needs. You will have the option to have your payroll checks prepared and printed, and directly deposited.We’ll make sure your payroll is handled efficiently and recorded properly.

OUR PAYROLL SERVICES INCLUDE:
Direct deposit
Electronic tax filing
Printing and filing T4 and T5
WSIB filings
Filing quarterly and annual reports
Online timekeeping
Custom reports

There are many external users who have a vested interest in your financial statements. Financial institutions, the federal and provincial governments' rely upon the financial information that has been prepared of your business. It is important that you choose the right Certified Accountant in Toronto. We will ensure that your statements are accurate and are prepared according to the Generally Accepted Accounting rules. As we know, choosing the wrong Accountant can be a very expensive mistake. In a Notice to Reader, the financial statement is compiled from information provided by management or owner. In this report we will be acting as Management Accountants and not as auditors. There is no attempt to audit, review or verify the accuracy or completeness of information.