Business Facts Ltd.

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    • Home
    • Team
    • Services
    • About Us
    • Contact
      • Contact
      • Initial Appointment Docs
    • Resources

Business Facts Ltd.


  • Home
  • Team
  • Services
  • About Us
  • Contact
  • Resources

Services

Bookkeeping

Whether you are a seasoned business owner or thinking about opening up a new business, we can help you take the next steps. We offer a long term stress-free solutions for your business' monthly, quarterly and yearly bookkeeping. 


We will discuss your business's organization, tax purposes and setting up system for tracking income & expenses to help you make smart decisions.  We can help you fix inaccurate financial information, reconciliation discrepancies and document management.


Our team of bookkeepers will help you with various types of bookkeeping tasks including payroll, tax calculation, payables & receivables, collection, migration to cloud accounting & paperless bookkeeping.


 We also prepare T4 & T4A, T5, T3, T5013, T5018 



Taxes


We assist with all types tax returns... 


 Personal T1 tax returns which include heavy investors, property rentals, businesses operating under structures such as sole proprietorships and partnerships. 


For those that are are incorporated or have recently moved from a sole proprietorship or partnership into a corporate structure then you are now operating a completely separate entity which requires the filing of a T2 corporate tax return.


Partnerships that  have an absolute value of revenues + an absolute value of expenses of $2 million or more OR assets of $5 million or more  must file a partnership return (T5013) which is different than just your regular T1.


Trust Returns are most commonly required in estate situations where the last spouse passes on or a trust that holds the shares to your private corporation.



LIST OF SERVICES

  •  Business start ups
  • Set up your Chart of Accounts
  • Bank / Credit Card Reconciliations
  • HST Recording and Remittance
  • Payroll Services & Payroll Filings
  • Accounts payable & receivable services
  • WSIB & Employee Health tax filing
  • Prepare monthly / Year-end financials
  • Agri-Stability filings
  • Notice to reader
  • Personal & Corporate Tax returns (T1/T2)

Business Facts Ltd

(519) 787-6600

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