Accountant in Montreal for SME | Accounting firm Montreal

HOW WE CAN HELP YOU :

Year-end corporate income tax returns (T2 / CO-17) including the financial statements (income statement, balance sheets, statement of retained earnings)
- We will look at your accounting records and correct any errors
Payroll - EI, QPP, QPIP, HSF, CSST
Sales Taxes - GST, QST, PST, HST

We offer small business owners relief from day-to-day accounting hassles with support throughout the year. We will provide key guidance that will empower your proficiency level with your accounting. We explain tax laws and regulations using non-technical language so you do not waste your time and energy trying to figure out all the accounting complexities. It is essential for any company to record the accounting entries to manage the activity. This rigorous management makes it possible to measure and analyze the performance of the organization and to make informed decisions.

Stephen can help you ease your financial uncertainty and stress while helping you focus and grow your business. Stephen takes complex situations, explains them in common sense terms to guide clients to make the right decision based on their situation. The expert is you, your experience, and your business. Stephen’s part is to offer support from his own experience to help you see clearly and invest wisely in your business. Allow Stephen to help you evaluate what your business needs and make it optimized for growth and profitability. Stephen has a broad range of business experience in sales, marketing, production, operations, finance. Stephen received a Bachelor of commerce degree (finance and business law) from Concordia University. Prior to starting an accounting firm in 2008, Stephen's career includes pioneering sales into the United States market to major clothing retailers, co-managing a vertically integrated cut and sew apparel manufacturer, and working as a consultant to turnaround clothing companies to remain profitable.

It is essential for any company to record the accounting entries to manage the activity. Accounting records include:

an expense diary
a sales journal
a payroll register
a register of taxes collected and paid
paper and electronic receipts and more generally any supporting documents
an annual inventory

Your company has the freedom to choose between:

simple-entry accounting or “cash accounting”: each operation is recorded only once, in the form of income or expenditure when the receipt or disbursement is recorded
double-entry accounting, or “commitment accounting”. Each purchase or sale invoice is recorded twice. Its amount is credited or debited to a revenue or expense account on the one hand, and a supplier or customer account credited or debited on the other. When the disbursement or collection is recorded, the amount is credited or debited from the bank account, and in return is debited or credited to the third-party account.

Mandatory information contained therein must make it possible to verify:

business income and expenses
receipts and disbursements
amounts collected for GST and QST
the amounts paid as taxes
requests for input tax credits or refunds
useful information used to calculate source deductions and employer contributions.

Companies must also keep:

invoices, daily turnover statements, cash register tapes, and daily statements from credit card payment terminals
daily statements of expenses, check stubs, canceled checks, credit card statements and mileage records for each motorist using his vehicle for professional and personal purposes
proof of travel
supporting documents for fixed assets
the personnel register, with mention of the salary and deductions made for each employee
documents relating to taxes collected or paid.

Stephen Malouf & Co Inc

4127 rue Saint-Christophe | Montreal (Quebec) H2L 3Y1

stephen@stephenmalouf.com

(514) 586-5458