We help you with every aspect of your tax preparation and planning, including individual and corporate returns. We also offer a complete range of accounting and auditing services, including financial statement compilation, reviews and audits.
In the event of a tax audit, we are authorized to appear on your behalf before the Canada Revenue Agency.
Financial Statement Preparation
We prepare accurate and timely financial statements that you can present to your financial institution or third parties.
The statements are prepared as follows:
- Notice to Reader (Compilation) – We prepare unaudited financial statements based on information provided to us. We identify and make any necessary adjustments. This type of engagement is sufficient for most businesses.
- Review Engagement We prepare review engagement financial statements which provide more assurance than a compilation but less assurance than an audit. Reviews provide limited assurance that the financial information conforms to Generally Accepted Accounting Principles by using analytical procedures, enquiry and discussions with management. This type of engagement provides more assurance to the outside users of the financial statements and is usually requested by a bank, shareholder or other third party.
- Audit engagement provides the highest level of assurance on the financial statements and includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Audits are required for non-profit organizations and large corporations with shareholders who are removed from the daily operations of the company.
Tax Planning & Preparation
At Horizon Group we keep abreast of the most recent tax legislation, and our knowledgeable tax professionals will provide tax consulting services and strategies to help you maximize your tax benefits.
- Corporate income tax– We review the company’s taxes to ensure maximum tax efficiency through a review of alternatives such as salary vs. dividends, asset transfer into the company, etc. We efile your corporate tax returns.
- Personal income tax– We efile your personal tax returns.
- GST, Trust returns, Estate returns, T5 preparation for interest and dividends paid, T4 preparation and Payroll remittances
We are able to take care of registering your company for all the required filings. We can complete the forms for you, or we can assist you with completing them yourself. This ensures you file on time and that you know exactly where you stand each month. We take the stress and worry out of filing tax returns.
Additional Services Available:
General Ledger and Bookkeeping (Monthly/Quarterly/Annually)
Accounting System Setup and Guidance for new or developing Businesses