At QS Accounting Firm, we understand the value of accurate financial record keeping for the smooth operation of any business. Our bookkeeping services, available in Mississauga and Brampton, are designed to keep your financial information organized and meaningful, allowing you to make informed decisions about the future of your business. Our commitment to providing daily operations checkups ensures that your business runs smoothly, without any hiccups. With our accounting and bookkeeping services, you can streamline your financial operations and focus on growing your business.

We offer taxation services that are tailored to help you minimize your tax liabilities and support your business growth. Our team of tax consultants in Mississauga stays up-to-date with emerging tax laws, and we use that knowledge to develop a customized roadmap for your business. Whether you need help with tax preparation or planning, we are here to provide the assistance you need to achieve your goals. With our expertise in various services that we have provided for many clients, we can help you grow your business and achieve success.

Facing a CRA audit can be an overwhelming and stressful experience. Accounting professionals can act as your representative, offering a crucial buffer between you and the auditor. Instead of navigating complex questions alone, your accountant can manage all communications, ensuring only relevant information is provided and that your rights are protected.

How an Accountant Can Help During a CRA Audit

Your accountant will be able to answer many of the auditor’s questions directly, helping to streamline the process. They can assist with:

Document Preparation and Submission: The first step in any audit is providing the required documents. An accountant can help you organize and present your financial records, including ledgers, invoices, receipts, and bank statements, ensuring they are accurate and complete. This is critical for supporting the claims on your tax returns.

Clarifying Financial Statements: Auditors often have specific questions about income and expense figures. Your accountant can provide clear, concise explanations for any deductions or transactions that may appear unusual, such as a large business loss or significant charitable donations.

• Discrepancy Resolution: If the auditor finds a discrepancy, your accountant can provide supporting evidence and reasoned arguments to resolve the issue. They can also identify if the CRA is making a mistake or misinterpreting the information provided.
• Negotiating on Your Behalf: Should the audit result in a reassessment where you owe additional taxes or penalties, your accountant can negotiate with the CRA to potentially reduce the amount or arrange a manageable payment plan.
• Appeals and Objections: If you disagree with the final assessment, your accountant can help you file a Notice of Objection and guide you through the formal appeals process.

By having an experienced professional handle these matters, you not only increase your chances of a favorable outcome but also reduce the immense stress and time commitment associated with a CRA audit.

Bookkeeping Services

We offer taxation services that are tailored to help you minimize your tax liabilities and support your business growth. Our team of tax consultants in Mississauga stays up-to-date with emerging tax laws, and we use that knowledge to develop a customized roadmap for your business. Whether you need help with tax preparation or planning, we are here to provide the assistance you need to achieve your goals. With our expertise in various services that we have provided for many clients, we can help you grow your business and achieve success.

The first step is to schedule a consultation with our team. During this initial meeting, we’ll discuss your business needs and goals, and determine which of our services would be the most beneficial for your specific situation.

Once we’ve identified which services will best suit your needs, we’ll begin the implementation process. Our team will work with you to set up any necessary accounts, software, or systems to ensure that your financial operations are running smoothly and efficiently.

Our commitment to your business doesn’t end with the implementation phase. We’ll continue to provide ongoing support and check-ins to ensure that everything is working as it should be. If any issues arise, we’ll be there to troubleshoot and make any necessary adjustments to ensure that your business stays on track.