Startups
Expert Startup Accounting and Tax Services in Canada
BOMCAS Canada provides expert accounting and tax services for startups in Canada. Services include incorporation, bookkeeping, financial statement preparation, tax planning and compliance.
Trusted Startup Financial Support - Incorporation, Bookkeeping, Tax Planning - BOMCAS Canada
Starting a new business can be overwhelming, especially when it comes to navigating the complex world of accounting and taxes. BOMCAS Canada is here to help. Our team of professional accountants and tax specialists have the expertise to guide you through the process, ensuring that your startup is set up for financial success.
Our comprehensive list of services for startups includes:
- Business registration and incorporation - We assist with registering your business with the government and setting up the necessary legal structure for your company, whether it be a sole proprietorship, partnership, corporation or non-profit organization.
- Tax planning and compliance - We work with you to understand your tax obligations and develop a tax strategy that aligns with your business goals. We also ensure that your business is compliant with all federal, provincial and local tax laws, including GST/HST, payroll taxes, and corporate income taxes.
- Bookkeeping and financial statement preparation - We provide accurate and timely bookkeeping services, including accounts payable and receivable, bank reconciliation, and general ledger maintenance. We also prepare financial statements such as income statements, balance sheets, and cash flow statements to provide you with a clear picture of your company's financial health.
- Payroll and benefits administration - We help you set up your payroll system, process payroll, and file payroll taxes. We also assist with employee benefits such as group insurance, RRSPs, and TFSAs.
- Government grants and funding assistance - We can help you identify and apply for government grants and funding opportunities that align with your business goals and help you secure the funding you need to grow your startup.
- Business planning and strategy development - We work with you to develop a comprehensive business plan that outlines your goals, strategies, and action plans. We also provide ongoing support as you implement your plan and make adjustments along the way.
- GST/HST registration and filing - We assist with registering for GST/HST, filing periodic returns and ensuring compliance with GST/HST rules and regulations.
- RRSP and TFSA setup - We help you set up and manage Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) for you and your employees, to ensure that you can take advantage of the tax benefits of these plans.
- Business Valuation - Our team is equipped to conduct a thorough business valuation of your business, whether it is for the purpose of selling, buying, or for strategic planning.
- International Tax planning - We help our clients navigate the complexities of cross-border trade and investment, including transfer pricing, permanent establishment and treaty planning, to minimize their tax liabilities.
- Cost segregation - Our team can help you identify tangible personal property that may qualify for accelerated depreciation, reducing your tax liability.
We understand that every startup is unique, and we take the time to understand your specific needs and goals. Whether you're just starting out or looking to take your business to the next level, we can help. Trust BOMCAS Canada to guide you through the financial side of starting a business, so you can focus on growing your company. With BOMCAS Canada, you can have peace of mind that your accounting and tax needs are in good hands, allowing you to focus on growing your startup.
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