Accounting

Our range of accounting services covers all aspects of financial management, including transaction processing, accounts payable and receivable, payroll administration, cost accounting, and the preparation of internal financial reports.
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Business Consulting

In addition to prioritizing effectiveness and addressing your questions, our Controller-on-call service strives to be proactive by offering valuable advice to our clients. Our goal is to go beyond being reactive and provide proactive guidance.
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Corporate & Personal Taxes

After your hard work throughout the year, you deserve the competence of qualified experts to efficiently handle your tax services in a timely manner and at an affordable cost. Doesn't that sound great and precisely what you need?

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Scientific Research and Experimental Development (SR&ED)

Are you making use of the Scientific Research and Experimental Development Investment tax credits available to businesses of all sizes?
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More than 25 year's experience in accounting and finance.

First-choice Accounting services in Canada

 

Outsourcing accounting services is more cost-effective compared to hiring and maintaining an in-house accounting team. That is why it has become a popular trend in recent years!

By delegating the accounting tasks to professionals, companies can free up valuable time and resources to focus on growing their business, improving products or services, and enhancing customer satisfaction.


We successfully provide full accounting cycle services since 2001 to:

  • Charitable and non-profit organizations
  • Manufacturing and / or Merchandising companies
  • Construction companies
  • Private schools and colleges
  • Non-Resident Importers (NRI)
  • Start-ups

We offer Full Accounting Cycle Services, such as:

  • Recording and classifying financial transactions
  • Accounts payable and receivable
  • Maintaining and reconciling the general ledger
  • Payroll (hiring process, issuing pay stubs, PD7A reports, ROE and T4)
  • Preparing and filing GST/HST and Corporate Tax Return

We offer Management Accounting Services, such as:

  • Budgeting and forecasting
  • Financial analysis and reporting
  • Cost analysis and reporting on variances
  • Cash flow management
  • Other accounting and business consulting

Corporate & Personal Taxes

 

We provide several options to assist you with your tax returns:

  • File in our office – by scheduling an in-person meeting with our team
  • Tax returns online – submit all your receipts electronically, with a final review on Zoom

Corporate Tax Returns

Our team of experienced and knowledgeable experts is consistently accessible to assist you with your Corporate Tax planning needs.
Price varies based on the complexity and amount of time needed to process the return!
The starting price is 850.00 CAD


Personal Tax Returns

85.00 CAD – a simple tax return (T-slips only)*
150.00 CAD – a simple tax return (T-slips only) for a couple* no discount
140.00 CAD – foreign income tax return*
180.00 CAD – rental income tax return per property, T776*
180.00 CAD – self-employed tax return, T2125*
15% discount for Seniors (70+)
40.00 CAD – for students
*All prices depend on the complexity of your return and the extent of work involved.
*An extra charge is incurred when additional schedules or forms need to be completed.

For more information, please feel free to reach out to us: taxtime@firstchoiceactax.com

Business Consulting

 

Pro-Active Controller is at your service!

Our dedication to the Controller-on-call service goes beyond just effectiveness and addressing your questions.

Our objective is to furnish our clients with exceptional practical advice and the most reliable information available.


We are prepared to offer our specialized advice in various areas such as:

| New Business Start Up Consulting (Corporation registration; Business plan preparation; Setting up accounting and payroll; Financial planning and budgeting; Tax planning and compliance with CRA requirements; Financial statement analysis; Funding and investment support; Bookkeeping and record-keeping.)

| Streamlining Your Accounting System (From initial setup to advanced support; Accounting software training in XERO, Quick Books Online and Desktop, Hubdoc, Dext, DocuSign, etc.)

| Business Strategy, Budget Plan and Financial Analysis (We offer help in making strategic decisions, allocating resources efficiently, managing risks, and monitoring performance against targets.)

| Developing & Implementing Internal Control Policies and Procedures (Identifying and evaluating potential risks to the company’s operation; Financial reporting and compliance; Ensuring that internal control policies and procedures align with relevant laws, regulations, and industry standards.)

| Utilizing Strategic Management Accounting for Small Business (Cost analysis; Budgeting and forecasting; Performance measurement; Decision support and strategic planning.)

| Achieving substantial reductions in business costs (By adhering to our advice, you can effectively minimize costs and maximize profits. Our team will collaborate with you, analyzing your financial statements to achieve this objective.)


Consultancy Fees & Rates

150.00 CAD per hour

* Those businesses who hire us to handle their accounting will get a discount on consulting services!

Scientific Research and Experimental Development (SR&ED)

 
First Choice Accounting and Tax will carefully examine and revise your business processes to identify how your business can benefit from the SR&ED tax incentives. Contact us now to begin tracking your eligible projects and costs.

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