Bookkeeping Services
Managing the financial aspects of your business can be a time-consuming and complex task. Our comprehensive bookkeeping services are designed to simplify the process, allowing you to focus on growing your business while we handle your day-to-day financial management. Whether you’re a small business owner or an entrepreneur, our tailored services help ensure that your financial records are accurate, up-to-date, and compliant with all regulations.
We also welcome charities and NPOs.
Monthly Bookkeeping
Keeping track of your financial transactions on a monthly basis is essential for maintaining a clear picture of your business’s financial health. With our monthly bookkeeping services, you can stay organized and informed without the hassle of managing it yourself. We provide:
Bank Reconciliation
We ensure that your bank statements align with your internal records, identifying any discrepancies and resolving them promptly. This process ensures that your accounts are accurate and up-to-date.
Transaction Categorization
Every financial transaction is categorized appropriately, giving you a clear view of where your money is going. This helps with budgeting, tax planning, and financial decision-making.
Financial Reports
Our monthly bookkeeping service includes providing you with clear, concise financial reports. These reports give you a snapshot of your business’s performance, helping you make informed decisions and plan for the future.
By keeping your financial records organized and accessible, we help you maintain control over your business’s finances and avoid any surprises down the road.
HST and Rebate Application Submission Services
Navigating the complexities of HST regulations can be overwhelming, but our team is here to help. We specialize in ensuring your business remains compliant with all HST requirements while maximizing any potential rebate opportunities. Our services include:
HST Registration and Compliance
Whether you’re just starting out or have an established business, we assist with HST registration and ensure you remain compliant with all ongoing requirements.
Remittance Filing Services
We handle the filing of your HST remittances, ensuring that deadlines are met and calculations are accurate, so you don’t have to worry about penalties or interest.
Rebate Applications for Public Service Bodies
If your organization qualifies as a Public Service Body (PSB), we help you apply for the rebates you’re entitled to, maximizing your financial benefits.
Compliance Reviews
Our team conducts thorough compliance reviews to ensure your HST filings are accurate, helping you avoid any costly errors or audits in the future.
By letting us handle your HST and rebate submissions, you can rest assured that your business is meeting all regulatory requirements while taking advantage of available opportunities to reduce costs.
Payroll Processing
Managing payroll can be a time-consuming task, but it’s crucial for maintaining employee satisfaction and ensuring your business remains compliant with tax regulations. Our payroll services take the complexity out of payroll management, offering:
Wage Calculation
We accurately calculate employee wages based on hours worked, salary, or commission structures, ensuring that your staff is paid correctly and on time.
Payroll Tax Filing
We manage all aspects of payroll tax filings, including calculating and remitting source deductions, such as CPP, EI, WSIB and income tax, ensuring compliance with government regulations.
T4 Reconciliation, Preparation & Filing
Our T4 Reconciliation, Preparation & Filing service ensures accurate and timely submission of your employee tax slips, helping your business stay compliant with government regulations.
Our payroll processing services save you time and reduce the risk of errors, so you can focus on other aspects of running your business.
Corporate Tax Preparation Support
Tax season doesn’t have to be stressful. Our corporate tax preparation support services help you stay organized throughout the year, making tax season a breeze. We work closely with your accountant to ensure that all necessary financial records are prepared and submitted in compliance with tax regulations. This includes organizing your financial statements, reconciling accounts, and ensuring you’re taking advantage of all possible deductions.
Financial Reporting
Understanding your business’s financial health is key to making informed decisions and planning for the future. Our financial reporting services provide you with detailed insights into your company’s performance, including:
Balance Sheets
A snapshot of your company’s financial standing, showing your assets, liabilities, and equity at any given time.
Income Statements
A report of your revenues, expenses, and profits over a specific period, helping you track your company’s profitability.
Budget Tracking & Comparisons
We track spending, find savings, and compare to benchmarks for insights.
With our detailed financial reports, you can confidently make data-driven decisions that help your business thrive.
Ready to Get Started?
Don’t let business bookkeeping cause unnecessary stress. Let K.P. Solutions help you navigate your bookkeeping with ease and confidence. Click the link below to fill out our business bookkeeping onboarding form and get started today.