Voted Best of Red Deer back-to-back in the 2013 and 2014 Red Deer Express Readers' Choice Awards
Client Services Our individual, business, and corporate clients benefit from a wide range of personalized, customizable, quality services that are beyond comparison. We have listed the services that we offer to our clients and other accounting firms, together with a brief description.

As the list below is by no means comprehensive, please feel free to inquire about a service if you do not see it listed.

 


Accounting Services

Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

*General ledger & financial statement preparation

*Bookkeeping (Monthly/Quarterly/Annual) through our affiliate - Shancor Management Ltd.

*Accounting system setup for new businesses

*Compilation of financial statements

Go To Top

Bookkeeping/Write-Up

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our affiliate, Shancor Management Ltd., can assist you with the day-to-day tasks associated with bookkeeping.

Go To Top

Cash Flow & Budgeting Analysis

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.

Go To Top

Compilations

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. Compilations differ from reviews and audits as they are based upon client information provided and used primarily for internal use only as no assurance is expressed.

Go To Top

Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

Go To Top

Financial Statements

We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

Go To Top

Consulting Services

Business Consulting

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

Go To Top

Business Succession Planning

Effective transition of your business to your successors is critical to its continued prosperity. With a solid background in tax, succession and estate planning, and other financial matters, we are fully qualified to address the complex issues of business continuation.

Go To Top

Consulting Services

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:

*Accounting software selection

*Buying/selling a business

*Business process improvement

*Financial & retirement planning

*Estate planning

Go To Top

Debt & Financing Services

Debt management and the evaluation of financing options are issues that an experienced professional deals with every day. Let us use our experience to assist you in securing financing for your personal or business needs or consolidating your current debt to a more manageable level.

Go To Top

Estate Planning

Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Go To Top

Financial Planning

A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.

Go To Top

Investment Review

As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor structure an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return.

Go To Top

Management Advisory Services

Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.

Go To Top

Purchase and Sale of a Business

Preparation and planning are key to the successful purchase or sale of a business. Our team can assist you with all aspects your transaction, including valuation, cash flow analysis, tax minimization and transition planning.

Go To Top

Retirement Planning

Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.

Go To Top

Other Services

Litigation Support

Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting techniques. We have experienced staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.

Go To Top

Mergers & Acquisitions

Finding the right business partner for your company can be a difficult task. We can assist you in the merger or acquisition process by assessing such critical elements as tax considerations and minimization strategies; product/service compatibility; competitive tactics and position; financial impact; and cash flow considerations.

Go To Top

Internet Commerce

If your business is not on the Web, it needs to be. We can help you determine if your company would benefit from setting up a "virtual storefront" on the Internet and assist in implementing adequate systems and controls.

Go To Top

Tax Services

Estate & Trust Tax Preparation

Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Go To Top

Federal and Provincial Sales Tax (GST, HST, PST and QST)

Many of our clients are responsible for collecting and submitting sales taxes in many different jurisdictions. We can assist your company in the compilation of information and preparation of sales tax returns, and in controlling your sales-tax-related costs.

Go To Top

Payroll Services

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.

Go To Top

Tax Planning

Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current tax developments to minimize your tax liabilities.

Go To Top

Tax Preparation

Our significant investment in computerized tax preparation and research software enables us to prepare returns accurately and efficiently for individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

Go To Top

Tax Services

There is a difference between a tax planner and a tax preparer. We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include, but are not limited to:

*Tax planning for individuals and corporations

*Return preparation for

- Individuals

- Corporations

- Estates and trusts

*Tax considerations in matrimonial settlements

*Tax effects of buying/selling a business

*Tax effective retirement and estate planning

Go To Top

Miscellaneous

Tax Advisory Services for Accounting Firms

We act as an in-house tax department for accounting firms that do not have in-house specialist tax expertise or that wish to supplement their range of services in specialized areas.

We can make you look good by working behind the scenes and being invisible to the client, or we can work directly with the client. You decide what suits you and your client best.

We will quote a fee on a per-job basis or will invoice based on time depending on what is required. Where other professionals are needed, we will coordinate an overall service team approach.

Some say that a company's external accountant is their most valued financial professional. The relationship with this professional is a special one, often built on years of faithful service and trust.

Public accountants are experts in handling day-to-day taxation matters, preparing tax returns, planning client remuneration strategies, and dealing with the CRA. However, from time to time, more specialized expertise may be needed for a particular purpose.

As tax specialists, our focus is on providing clients with practical tax advice that will save them money. In doing so, we preserve and enhance existing client relationships with their accountants - we have no desire to replace these relationships.

We are here to provide tax services for firms that do not want to incur the high overhead costs of a full-fledged tax department. As accountants, we understand the public accounting profession, we understand client needs, and we are sensitive to deadlines, client demands, and confidentiality.

Go To Top

Trust Planning

Family Trusts, Alter-Ego Trusts, Testamentary Trusts, Employee Vesting Trusts, these are only a small tidbit of the type of trusts we can help you implement for your advanced tax, estate, wealth, and succession planning needs.

Go To Top