Can I switch plans?
Yes. We review your services annually and if we identify that you may benefit from additional services, or if a service is no longer needed, we can adjust your plan to fit your needs. If you require add-on services at anytime throughout the year, we can always adjust and accommodate for those changes.
What tax services does Prince Accounting provide?
We offer a variety of tax compliance services for Canadian corporations that include, but are not limited to, corporate tax (T2 Return), GST returns, personal tax, and payroll compliance.
What is a business advisory service, and how will it help my business?
First, we complete a business assessment and review all internal processes that are relevant to helping you manage and operate your business. Based on that review, we create a plan for your company. Our core advisory focus provides support for budgeting and forecasting future results as well as interpreting and understanding those financial results. We also offer many other services to help businesses refine internal processes and procedures and help businesses secure financing.
Why should I invest money into services such as bookkeeping and budgeting?
Bookkeeping gives you a clear and accurate picture of how your business has performed in the past. Keeping your books up-to-date also provides a measurement to assess the health of your business. Budgeting helps you understand where your business will be in the future and can help you make smarter financial decisions to operate your business more effectively.
Why should I use a CPA firm to do my bookkeeping and prepare corporate taxes?
Simply put, CPAs (Chartered Professional Accountants) are held to higher standards than non-designated bookkeeping and accounting firms. We are required to maintain professional development hours and are subject to third-party reviews for the institute. These regulations ensure our work is held to a high standard.