Law Firms
Professional Accounting and Tax Services for Law Firms in Canada
Expert accounting and tax services for law firms in Canada. BOMCAS Canada helps navigate complex tax laws and maximize financial success.
Comprehensive Solutions for Law Firm Tax Compliance and Financial Planning in Canada
BOMCAS Canada is a leading accounting and tax firm that specializes in providing professional services to law firms across Canada. Our team of experienced professionals understand the unique challenges faced by law firms and are well-versed in the laws and regulations that govern the legal industry. Our services include:
- Tax compliance: We ensure that your law firm stays compliant with all federal and provincial income tax laws and regulations. We provide guidance and support on complex tax matters and help you minimize your tax liability.
- Financial statement preparation: We prepare financial statements that accurately reflect the financial position of your law firm, in compliance with Generally Accepted Accounting Principles (GAAP) and Canadian Accounting Standards for Private Enterprises (ASPE).
- GST/HST compliance: We assist your law firm with compliance with the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) laws and regulations. We help you claim GST/HST credits, file GST/HST returns, and respond to GST/HST audits.
- Income tax planning: We help your law firm plan its income tax affairs to minimize its tax liability and maximize its cash flow. We provide advice on income splitting, estate planning, and other tax-saving strategies.
- Bookkeeping and accounting services: We provide bookkeeping and accounting services that help your law firm keep accurate records of its financial transactions, reconcile bank statements, and prepare trial balances.
- Representation before the Canada Revenue Agency: We act as your representative before the Canada Revenue Agency (CRA) and handle all matters related to your law firm's tax compliance, including audits, objections, and appeals.
- Payroll services: We assist your law firm with compliance with payroll laws and regulations. We prepare T4 and T5 slips, register your law firm for payroll deductions, and file payroll returns.
- T4 and T5 slips preparation: we will prepare and submit the T4 and T5 slips to the Canada Revenue Agency (CRA) on behalf of your law firm.
- Incorporation and business registration: We assist in the process of incorporating your law firm and registering it for GST/HST and other government programs.
- Transfer pricing services: Our experts will help your law firm comply with the transfer pricing rules and regulations, and will help you avoid penalties and interest.

Our team of experts work closely with law firms to provide customized solutions that meet their specific needs, and help them navigate the complexities of managing their finances and staying compliant with all relevant laws and regulations. Trust BOMCAS Canada to help your law firm thrive.
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