Accounting

Incorporation & Business Name Registration

Incorporating your business is a significant step in advancing within the marketplace. Capex CPA thoroughly educates and advises you on the optimal timing for incorporation. Our process includes conducting proprietary name searches to ensure your business name is unique and available. Once registered, you gain the freedom to secure web domains, create business cards, develop brochures, and implement various promotional items under your legal name. We provide the right solutions to adopt a corporate structure that benefits you long-term.

Bookkeeping

As a corporation, effective bookkeeping is crucial for accurate financial statements and tax compliance. Capex CPA utilizes advanced cloud-based technology to implement accounting systems that track all your financial activities. Our solutions enhance efficiency by managing cash flow, forecasting business growth, fulfilling government tax filing obligations, and reducing accounting costs. This promotes stronger internal frameworks and supports your business’s financial health.

Financial Statements

CSRS4200, formerly known as Notice to Reader, combines income statements and balance sheets with source documents provided by shareholders. We utilize these statements to present your corporation’s financial position for management discussions and analysis. While CSRS4200 provides valuable insights, it is intended for a limited audience, typically the owners. For more assurance, reviewed or audited financial statements are available to meet higher scrutiny requirements.

Managed Payroll

Payroll management is essential for maintaining organizational order. Employees must be paid accurately and on time, with proper deductions for CPP, EI, WSIB, and Income Tax. Additionally, staying updated with legislative or tax changes is crucial. Payroll can be time-consuming, which is why it’s important to entrust these operations to professionals.

Capex CPA works closely with you to calculate employee hours and rates, deliver paycheck remittances, and prepare necessary government documents like T4s and Records of Employment (ROE). We ensure all deductions are accurately tracked to avoid penalties and fees at year-end. Our expertise in payroll records ensures compliance and accuracy for your Mississauga-based business.

Business Plans

A business plan is your ‘treasure map’ to success. Capex CPA asks detailed questions to fully understand your venture, enabling us to create a perfect business plan. A realistic plan is essential when seeking bank loans and corporate investors. We help you forecast reasonable revenue objectives and continuously monitor the financial health of your organization.

Due Diligence Procedures

During mergers or acquisitions, due diligence is critical. Our comprehensive approach examines quality of earnings, cash flow, working capital, debt, and product/service profitability. We address future tax issues and provide guidance to translate numbers into actionable tasks. Capex CPA ensures clarity and accuracy in your financial assessments.

FOFI - Future Oriented Financial Statements (Projections)

Financial forecasts and projections allow lenders to assess the risk of lending money. Capex CPA develops projections based on the best available information, such as a trucker with a positive cash flow route contract or a restaurant expanding kitchen capacity. These projections are often required alongside CSRS4200 engagements to support loan applications and business growth plans.