Your retail business is taking lot of your time. You would better prefer to fix us deal with your accounts.
Operating Structure
If you are a new business of an existing business you need to know the type of business entities that are available and their advantages and disadvantages.
- Corporation
- Sole Proprietorship
- Partnership
- Limited Partnership
- Limited Liability Partnership
- Joint Venture
Day to day operations
There is a host of information that you require on a daily basis to keep your business performing at optimal levels. You need to know who owes you money, who you owe money to and when these amounts are due. You need to know all of your assets and liabilities. You need to be able to measure your performance.
Special Requirements
The retail industry has requirements that differ from other industries. They have a large inventory to manage. In order to finance this inventory reports are required by commercial lenders.
Taxation and Reporting
The reporting for taxation and other bodies include, personal tax, corporate tax, Worksafe reports, GST reports, employee deduction and payroll reports, T4’s and T5’s . In addition, special reports may be required by lenders.
How we can help
- First of all, we can help you select the business form to use in your business. We will evaluate your needs and recommend the right form keeping in mind the current operations and the projected operations.
- We can provide you cash flow data to help you determine your requirements for inventory financing.
- We can assist you in obtaining this financing from the bank. We can assist in preparing budgets to guide your growth.
- We can prepare financial statements and tax returns as required and on time.
- We can analyze your requirement for computer systems and software. Alternatively we can prepare the information you require in our offices. Our professional personnel are always happy to help.
- We can provide you with assistance to help you with budgeting.
What to do
Call our office for an appointment for a free initial consultation or we can arrange to go to your office. If you are a new business, we can help you with required registrations and provide you needed advice.