Ontario Canada Accounting Services
This is a technology-driven accounting firm that embraces and integrates technology into its accounting and tax processes in order to increase the possibilities of your company’s success. Canada-based firm that offers a comprehensive range of accounting services, as well as income tax and business consulting services. We Are Small Business Experts – We Provide Accounting Services to Large, Medium, and Small Businesses
Financial Statements Preparation Services in Ontario Canada
The Accounting team at Bomcas Canada Accounting and Tax Services is in charge of completing the relevant paperwork for compilation assignments. These financial statements are known as Notice-to-Reader Financial Statements in Canada, where they are regularly used. Our compilation efforts involve compiling these financial statements in conjunction with company tax forms, which is a regular activity for us in the course of our business. Clients may demand financial statements for a variety of reasons, including internal management requirements or pressure from others. Financial statements featuring a section named “Notice to Readers” are prepared in compliance with current norms and requirements. We prepare financial accounts for businesses in Canada and the United States, among other places. We may be able to assist you in generating notice-to-reader financial statements if your bank, investor, or other third party has requested them.
Common Financial Reporting services includes but not limited to:
- Compilation of a comprehensive collection of financial statements.
- Mergers and Acquisitions Accounting.
- Financial Statements, Consolidated and Combined.
- Reporting for organizations with complicated legal arrangements.
- Financial statements prepared in accordance with IFRS, ASPE, and US GAAP.
- Financial Statements – A Reminder/Notice to Readers
- Complex transaction handling.
Bookkeeping and Accounting Services
In cities across Canada, including Ottawa, Kingston, London, the Greater Toronto Area, and others, our affiliates offer a broad range of small business accounting and bookkeeping services.
Because of our high degree of adaptability, we can create solutions that are tailored to your exact needs and specifications. Our bookkeeping and accounting services, which may be tailored to meet the needs of small and medium-sized businesses, can help them. To learn more, please contact us.
Cloud accounting is a new concept in the accounting business.
You may use any SaaS solution given by us, or you may purchase a subscription of our services. We also have our own in-house accounting systems. If you don’t currently have a cloud-based accounting system, don’t panic; we can help you put one up and manage the entire process from start to finish. We also assist customers who prefer desktop apps that have been localized for their specific needs.
Accounting services may be completely outsourced or shared. Corporations and small businesses in Toronto, Ottawa, and across Canada can benefit from our outsourced accounting services; we will handle everything for you. Maintaining your own accounting staff or in-house accountant while requesting additional technical and sophisticated accounting support from us is an option. Alternatively, you can delegate all of your accounting tasks to Bomcas Canada Accounting and Tax Services.
Some accounting functions that can be done include:
- Accounting is divided into two types: accrual accounting and cash accounting.
- Complete all general accounting tasks.
- Massive data input or bookkeeping processes.
- Complete receivables and payables management.
- Any size bank reconciliation.
- Accounting and reporting for income taxes for enterprises, whether incorporated or unincorporated.
- Payroll calculations and reporting are performed on a regular basis.
- Preparation and submission of sales tax (HST/GST).
- Management and financial reporting on a regular basis for small firms.
- Closing the books on a monthly, quarterly, or annual basis.
- Assisting in the preparation of audit packs for external audits.
- Financial statement preparation and compilation.
Accounting Systems
Based on our previous expertise working with various database technologies, we have provided complex accounting and reporting systems with effective controls to our clients. For small businesses, cloud-based, out-of-the-box solutions are our first choice. We are experts in Xero, Quick Books, and a variety of other accounting software. We can always find something for you, no matter how big or tiny your budget is! Please get in touch with us as soon as possible!
Our Technology team is constantly working on and developing new technologies for enterprise resource planning solutions that include reporting capabilities.
Increasing the effectiveness and efficiency of an existing system.
Following an evaluation, we can assist you in building a new accounting system or enhancing an existing one. Whatever your company’s requirements are, whether you’re starting from scratch or maintaining an existing one.
We’ll start by doing a thorough analysis of your company’s current situation and needs, and then we’ll propose the most cost-effective solution for raising output while reducing unnecessary overheads and, as a result, increasing profitability. Intelligent and intelligent system design helps firms make timely, well-informed business decisions that are critical to their long-term viability and performance.
Our team of specialists with years of experience designing such systems will plan and implement the proposed solution while exploiting software’s hidden and less commonly used capabilities, as well as taking your company’s specific objectives into consideration.
We provide full accounting and bookkeeping services to our clients:
- Complete examination of your company procedures.
- Advising on the best solution.
- Traditional or cloud-based?
- Efficient and cost-effective.
- The proposed system’s planning and implementation.
- Internal controls that are robust and effective have been integrated.
- User education and assistance.
- Fraud Avoidance and Minimization
- Financial and management reporting that is dependable and accurate, as well as timely.
- Partnered Out-of-the-Box Solutions OR Customized Solutions
- On-site or off-site servicing is available.
General Accounting & Tax Services
Personal Tax Services
Bomcas Accounting and Tax Services in Canada offers personal tax services to clients in order to help them manage their personal and family wealth through strategic tax and financial planning.
Complete a GST/HST Return
When you file these electronically, the Canada Revenue Agency (CRA) now requires you to specify whether your income is from exempt or zero-rated goods, as well as sales from your linked organization.
Back Taxes, Unfiled Tax Returns
Our taxation services for individuals and businesses, including CRA audits, insolvency, back taxes, tax planning and assistance, and other services, can help you avoid making costly mistakes in the future.
Income Tax Preparation
Our tax professionals make taxes straightforward for you. File your tax return from wherever you are, and we’ll ensure you the most refund possible. You can file it in person, online, or by mail.
Small Business Accounting
We provide everything you’ll need to keep your business running smoothly. Accounting, strategy planning, payroll administration, cash flow management, bank financing, and other related services
Cross Border Tax Services
Our cross-border tax specialists are available to assist individuals and businesses with their tax issues. With us, you can rest assured that your cross-border taxes will be completed correctly the first time.
Sole Proprietorship Tax
Sole Proprietorship/Self- Employed. Your proprietorship or self employed income is reported along with any personal income on a T1 Income Tax Return. Our Tax Accountants are available
Corporation income tax return
To submit corporate income tax, you must file a tax return with the Canada Revenue Agency (CRA). Using your business number, you file your provincial corporate income taxes along with your federal income tax return.
Real Estate Accountant
Rental income must be reported in order to correctly complete and file your annual tax return. Our Real Estate accountants will assist you in maximizing any potential write-offs or benefits available to you.
Dedicated Tax Accountants
With your taxes in our Accountant’s hands, you can rest easy knowing that you have a tax expert on your side who is conversant and knowledgeable about all of Canada’s tax regulations.
Full-Service Support
Throughout the year, your Tax Accountant will advise you on tax methods that will help you save thousands of dollars. As well as all of the best practices. Your Accountant will work hard to secure you the largest possible return.
No Hidden Cost
Your initial fee will be communicated to you. Many of our services are flat-rate or vary in price depending on their complexity. There will be no surprises on your bill, no matter how frequently you contact us. You only pay for work that has been completed.
Service Area in Ontario Canada
Accounting, Bookkeeping, Payroll, Farming, Personal & Corporate Tax, Income Tax Preparation are all services provided by Bomcas Canada. Here is a list of Ontario locations where we provide services. Please keep in mind that we can supply all of our services remotely and online to all of Ontario and all of Canada.
Popular Service Location
- Toronto
- GTA
- Ottawa
- Hamilton
- London
Popular Service Location
Windsor
Greater Sudbury
Kingston
Barrie
Brampton
Popular Service Location
- Kitchener
- Guelph
- Mississauga
- Thunder Bay
- Kitchener
(780) 667-5250
Talk with a Tax Accountant Today
Send a Message
Contact Information
To clarify, you may complete all your accounting and tax services entirely online with us, eliminating the need for you to travel to our office or take time away from work, among other things. You can also contact us and we will be pleased to assist you with any of your accounting and tax needs.