Corporate Accountant
What sets us apart from our competition is our dedication to our clients. We take the time to understand your business finances so we can give you the best advice when you need it most. Unlike other companies that will simply use an automated system to compose year-end financials, we prefer forming deeper relationships with our corporate clients so we can save them money whenever possible.
Corporate Accountant Services
The first step to making successful business decisions is to have a thorough understanding of your financial situation. Having a corporate accountant can help you gain deeper insights into your business, as well as ensuring that you’re compliant with all Canadian financial regulations.
While many companies hire an in-house bookkeeper, there truly is no substitute for working with an experienced corporate accountant. At Hart Accounting Services, we bring decades of combined experience as we guide companies, large and small, to unbelievable heights.
What sets us apart from our competition is our dedication to our clients. We take the time to understand your business finances so we can give you the best advice when you need it most. Unlike other companies that will simply use an automated system to compose year-end financials, we prefer forming deeper relationships with our corporate clients so we can save them money whenever possible.
If you’re looking to take your business to the next level, please consider working with one of Toronto’s premier corporate accounting firms: Hart Accounting Services.
Corporate Tax Filing
Canadian and Ontario tax law processes are continually changing, and these changes can have considerable implications on your corporate tax filing. Many new ventures fail to understand the intricacies of tax law, which sometimes leads to costly mistakes. Even experienced companies can get caught by the rapid changes that impact the tax filing process.
Corporate tax filing is significantly more complex than personal tax filing, and the penalties for incorrect or missing information can be incredibly costly. At best, you’ll be subject to penalties and fines. At worst, you’ll have to undergo a tax audit, which is time-consuming, costly, and can impact your business productivity dramatically during the audit period.
Instead of taking the risk, be sure to consider working with an experienced corporate tax accountant. Our tax team maintains up-to-date knowledge of tax law and regulations, ensuring that you’ll never get caught out by unexpected changes or amendments.
We offer customized tax solutions for all of our corporate clients. Depending on your needs, we can help you with:
- T2 corporate income tax return filing
- Filing nil tax returns on inactive companies
- Converting accounting income statements into GIFI documents
- Strategic tax planning to reduce your tax burden in coming years
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We Offer Practical Solution to All Your Accounting Problems.
Accounting Services
Managing your company’s financials is a challenging job, but we are more than capable of handling it at Hart Accounting Services. From bookkeeping to payroll setup and support, no job is too big or too small.
While companies in the past had to deal with accounting departments physically located nearby, the rapid move to digital has freed companies to choose the best accounting service for their needs, regardless of location. At Hart Accounting Services, we use cloud-based platforms to help you manage your business without the need to drop off documents at our office.
Here are just some of the accounting services we offer to our corporate clients:
- Bookkeeping: We use an online system to make maintaining your books a breeze. From timely reporting to clear information, you’ll have constant access to your books whenever you need them.
- Year-end financials: Because we have access to your bookkeeping system, preparing your year-end financials and corporate tax returns is significantly easier and requires less input from you.
- Online tax filing: Thanks to our paperless office, you can file your tax return from the comfort of your home or office. We can schedule an online meeting to clarify any issues, and we’ll submit an accurate and optimized tax return to the CRA.
Why Choose Hart Accounting Services?
We know you have your choice of hundreds of accounting firms in Toronto, which means that we need to work very hard to stand out from the crowd. Our main advantage is our dedication to our clients and our decades of combined corporate accounting experience.
We understand that different clients have different needs and that a one-size-fits-all approach is doomed to fail. Our customized corporate accounting services will consider your circumstances and financial situation to provide you with the information and advice you will need when you need it.
Instead of just handing you monthly and yearly reports and handling your corporate tax returns, we also try to educate our clients. Understanding your financial statements can help you gain valuable insights into your business, which will, in turn, ensure that you make the most informed decisions as to how to move forward. And we’ll be with you every step of the way.
Our Corporate Accounting Process
After you get in touch, we’ll organize a business call to get to know you, your business, and your specific requirements.
Once we’re confident that we understand your situation and expectations, we’ll do a deep dive to get as much information about your business as possible. Since we value your time, we use a fast, streamlined process to provide us with the information we need.
The next step is to agree on the price of our services to you. We offer customized solutions to our clients, and we’ll give you several fixed-price options that meet your business needs. Feel free to use this time to ask questions and provide comments. We value your insights and feedback.
As soon as you’ve decided on a plan that works for you, we’ll start the onboarding process. We’ll set up your accounting solutions and show you and your company how to use it effectively. Then you can sit back, relax, and let us handle all the corporate accounting for you while you focus on running your business.
Frequently Asked Questions
Here are some questions business owners frequently ask when they consider hiring corporate accounting services
What should I look for in a corporate accountant?
When hiring a corporate accountant, there are several key qualities and qualifications that you should look for. First and foremost, the accountant should be highly skilled and knowledgeable in accounting principles and practices, as well as relevant laws and regulations. They should also be experienced in handling the financial affairs of corporate entities, and be able to provide accurate and timely financial reporting.
In addition to their technical skills, a corporate accountant should also be organized, detail-oriented, and able to manage their time effectively. They should be able to work independently and take initiative, but also be able to collaborate with other members of the finance team and other departments within the company. Strong communication skills are also important, as the accountant will need to be able to explain complex financial concepts to non-financial stakeholders.
Finally, it’s important to ensure that the accountant is trustworthy and ethical. This is especially important for a corporate accountant, as they will be handling sensitive financial information and making decisions that can have a significant impact on the company’s financial health. It’s a good idea to check references and verify the accountant’s credentials before hiring them.
Do you provide a complete accounting solution?
Yes. We offer tailored solutions to our clients. Some companies only need help with tax filing, while others want a complete, comprehensive solution—from bookkeeping to payroll management and everything in between.
When we first meet with new clients, we’ll discuss your particular needs and then customize a solution that does everything you need.
I'm a small business owner. Do I need a corporate accountant?
Whether or not you need a corporate accountant as a small business owner will depend on several factors, including the size and complexity of your business, your accounting needs, and your personal expertise and availability.
If your business is relatively small and simple, and you have the time and expertise to handle your own accounting, you may be able to manage without a corporate accountant. However, if your business is growing and becoming more complex, or if you don’t have the time or expertise to handle your accounting needs, it may be worth hiring a corporate accountant to help you manage your finances.
A corporate accountant can provide a range of services, including bookkeeping, financial reporting, tax preparation and planning, and advice on financial matters. They can also help you identify areas where you can save money and improve your financial performance. In many cases, the benefits of having a corporate accountant on your team can outweigh the cost of hiring one.
It’s also worth considering the potential risks of not having a corporate accountant. Poorly managed finances can lead to financial problems for your business, such as cash flow issues, tax problems, and even legal issues. A corporate accountant can help you avoid these problems by ensuring that your financial affairs are in order and in compliance with relevant laws and regulations.
In short, whether or not you need a corporate accountant will depend on your individual circumstances. If you’re unsure, it may be worth consulting with a financial professional to determine the best course of action for your business.
How does a typical corporate accountant pricing structure work?
The pricing structure for corporate accounting services can vary depending on the accountant or accounting firm you hire, as well as the specific services you need. In general, corporate accountants may charge by the hour, by the project, or on a retainer basis.
Hourly pricing is based on the number of hours that the accountant spends working on your project. This can be a good option if you only need a small amount of accounting work done, or if you’re not sure how long the project will take. However, hourly pricing can be unpredictable, as it’s difficult to estimate how many hours the accountant will need to complete the work.
Project-based pricing is based on the scope of the project, rather than the number of hours the accountant spends on it. This can be a good option if you have a specific accounting project that needs to be completed, and you have a clear idea of what needs to be done. Project-based pricing can provide more certainty, as you’ll know in advance how much the project will cost.
Retainer-based pricing is based on a monthly or annual fee that covers a set of agreed-upon accounting services. This can be a good option if you need ongoing accounting support, as it provides a predictable cost and allows you to budget for your accounting expenses. Retainer-based pricing may also offer additional benefits, such as access to the accountant’s expertise and advice on an ongoing basis.
In addition to these pricing models, corporate accountants may also charge additional fees for specialized services, such as tax preparation or financial consulting. It’s a good idea to discuss pricing and fees with the accountant or firm you’re considering hiring, and to get a written estimate or proposal that outlines the services to be provided and the associated costs. This will help you understand what you can expect to pay for the accounting services you need.
