Expert Accounting Services

Fundamental Accounting Office Services

Our outsourced accounting office solutions allow businesses to focus on growth without the expense of an in-house accounting team:

• Payroll Processing: Full payroll administration with direct deposit and reporting.

• Financial Management: Regular financial reporting and accounts payable/receivable processing.

• Bank Reconciliation: Detailed monthly bank account reconciliations.

• Senior Financial Support: Remote controllership to provide high-level financial oversight.

Services for Working Professionals

Professionals in various fields—doctors, lawyers, engineers, and more—benefit from our industry-specific services. Shahid & Associates offers:

• Incorporation Guidance: Support with legal and financial aspects of professional incorporation.

• Operational Consulting: Optimizing practice management for long-term sustainability.

• Ownership Planning: Smooth transitions and succession planning.

• Tax Compliance: Specialized tax planning and compliance support for professional practices.

• Financial Forecasting: Budgeting and forecasting tailored to individual practice needs.

Beyond accounting, Shahid & Associates provides advisory services that help clients build and grow their businesses. Our team supports in:

• Business Planning: Crafting detailed, actionable business plans that align with client goals.

• Budgeting & Projections: Developing realistic budgets and financial forecasts.

• System Design: Implementing efficient accounting and data processing systems.

• Financial Reorganizations: Restructuring assistance to improve financial health and operational efficiency.

Business Advisory Services

Financial Services

Empowering businesses with clarity and strategic financial growth.

Accounting & Financial Reporting

Accurate, compliant, and insightful financial reporting is essential for sound decision-making. Shahid & Associates offers full-scale accounting support tailored to the needs of small to medium-sized businesses, professionals, and consultants, including:

• Compilation Engagements: Preparation of accurate, regulatory-compliant financial records.

• Variance Analysis: Monthly and quarterly comparisons to identify trends and variances.

• Financial Statements: Creation of quarterly and annual consolidated financial statements.

• System Implementation: Installation and recommendations for accounting systems that enhance accuracy and efficiency.

Tax Services

Our tax professionals are experts in Canadian tax legislation, offering advanced strategies for individuals and businesses. We provide solutions for those both resident and non-resident to Canada:

• Corporate Tax Planning: Strategic tax guidance to optimize corporate financial performance.

• Personal Tax Services: Comprehensive planning and preparation for individuals.

• GST/PST Compliance: Support with capital, payroll, and commodity tax compliance.

• R&D Tax Credits: Assistance with claiming research and development tax benefits.

• Representation to Tax Authorities: Experienced guidance in managing audits and appeals.

• International Tax Planning: Tax solutions for businesses entering the Canadian market.

Bookkeeping Services

Efficient bookkeeping ensures businesses stay organized, compliant, and financially aware. Shahid & Associates services include:

• Monthly Bookkeeping: Streamlined data processing and accurate monthly financial reporting.

• Payroll Services: Complete payroll management, including T4 summaries and ROE’s.

• Tax Remittance: Timely and accurate withholding tax remittance to avoid penalties.

• Financial Statements: Regular monthly and annual financial statements for clear financial insights.

Additional Services

Accurate business valuations provide a clear understanding of a company’s worth, empowering stakeholders to make informed decisions in financial planning.

Get in touch

We’re Here to Help You Succeed
Have questions about taxes, accounting, or financial planning? Our team is here to provide the expertise you need.