Financial Statements

First things first, you’ll need to always keep a record of your business activities in order to make it easy to track and prove your income and expenses. We know that this can be a challenge, especially to small businesses and startups. Furthermore, this process requires precision and we can help you figure out how to make it work for your business. Taxit4me has a Chartered Professional Accountant who is dedicated to preparing your financial statements.

We know that institutions such as banks and shareholders will use these statements to make critical decisions. We’ll offer you a quick and reliable service so you never have to worry about accuracy or compliance when it comes to your annual statements.Taxit4me has a Chartered Professional Accountant ready to serve your unique needs. We can educate you on how to better record your business or personal transactions and ensure your statements are easy to come up with. We are more than qualified to prepare different kinds of statements to meet your business or personal needs.

Why hire Chartered Professional Accountant?

Whether you have a large, mid-sized or small business, maintaining your accounting books id essential.Trying to do it on your own may seem feasible to you but could be a bad decision if you lack the extensive knowledge required to do so. When you hire chartered professional accountants, they bring with them their knowledge and expertise in accounting. The combined nature of their job role helps you with your bookkeeping, tax management, and business advisory as well.

Our reporting, accounting and business financial statement services include:

Preparing business financial statements
Due diligence reporting
Control and assurance reviews
Mergers and acquisitions
Sales tax/HST/GST
Financial forecasts
Special reports

When Financial Statements Required?

As a business or individual, you may be requested to present economic statements when applying for a loan or when selling your business. Other than that, these statements can be used internally by the business to understand its financial performance and develop strategies to minimize expenditure and grow its revenue. Therefore, accuracy when it comes to preparation of financial statements is key.

What are Financial Statements?

Financial statements represent all the activities that your business has engaged in for a certain period of time. By taking a look at the statements, lenders among other stakeholders can understand the net asset position of a business. The statements also show how much revenue the business is making as well as the expenses incurred in order to earn the income.