Our Services

Personal and Business Tax Returns

 

Our personal and Corporate income tax service will get you the refund you deserved or minimize the taxes owing because we will take our time to ensure we capture all the allowable expenses. It is necessary to get you the refund you are indeed eligible to claim without any CRA hassles. Our Tax experts are here to help you navigate the world of taxes, including regulations and new laws to the different types of tax returns. There are Tax credits available to Ontarians, but it takes a seasoned tax analyst to discover them. For example, the 2019 tax year has numerous credits and benefits to claim, but the features and qualifying criteria are daunting. Filers need to slow down and make sure that the professional tax preparer they choose is an experts who will care for their personal tax needs. Personal Tax Services includes:

Self Employed Taxes

Prior Year Taxes Remote

Tax Filing Services CRA

Audit Tax Adjustments

Tax Planning Services

Disability Tax Credit Program

New Immigrant Tax Services

Our Tax Professionals handle all situations, whether they are simple or complicated.

We specialize in Tax returns for:

Married Couples &Couples with children

Employed Professionals

Investors with multiple sources of income

Seniors with Canadian and Foreign pensions

Commission Income taxpayers

Students

Bookkeeping and Accounting

 

Managing the day to day operations of a business can be daunting and very time-consuming.

PSB & Assoc. Accounting & Tax Services can free you of these challenges, thus allowing you more time to concentrate on maximizing profit for the business. Also, while most businesses need a bookkeeper to keep the books, bookkeeping will become a lot more than just data entry, balancing bank ledgers, and reconciling bank statements. These functions will slowly diminish in the coming years and may even become obsolete, as cloud-based bookkeeping software will handle most of the tasks. Our firm is already exploring and using these emerging software options. We aim to support our clients through these changes, presenting value-added services using top-of-the-line software such as QuickBooks online and desktop software.

Bookkeeping and Accounting Services Include:

Corporate Tax Return

Accounting Services

Budgeting & Forecasting

Bookkeeping Services

Inventory ManagementRegistration of new businesses

Winding up a business

Business plans

QuickBooks desktop file maintenance

QuickBooks Online Software Setup

 

Ten reasons QuickBooks Online may be your perfect match:

You wish you could work on the go

Handle your books anywhere, from a PC, Mac, tablet or phone

You want more time on your side.

When you capture receipts on your phone, QuickBooks Online keeps them organized and prevents double data entry.

You have business apps you use regularly.

No need to change your ways—sync hundreds of apps to prevent duplicated data and efforts.

You like the idea of getting paid 2X faster.

Send estimates and invoices wherever you may be.

Easily accept online and mobile payments.

You want support with no strings attached.

Helpful support is only a free call away, Monday to Friday,

9 AM to 8 PM ET.

Financial Statement Preparation

Financial statements are required annually by shareholders, management, and for tax purposes.  We will help you with the preparation of financial statements that are comprehensive, reliable and accurate to make informed business decisions.

We prepare:

Income and Expense Account

Statement of Financial Position

Statement of Cashflow

Statement of Changes in Equity

Disclosure requirement

Self Employed /Contract Employees

These are the people that work as contractors for organizations, and the earnings are not tax-deductible. You are required to prepare remit your income directly to CRA. We can help you set up monthly payroll and pay your deduction directly without missing any deadline Services to Small and Medium-Sized Businesses such as: Restaurant, Gas Stations, laundry businesses, construction companies, a Tutoring business, Barbers and Hairstylist, Health Services, Trucking, Retirement homes, Legal Services, Manufacturing and Retail.