About Us
Accounting & Bookkeeping
We can replace your back office with accounting, payroll, and bookkeeping support. When it comes to complex issues, rely on us.
Your Taxes, Simplified
We’re dedicated to our clients. And we've represented them in audits with CRA. This keeps us current on tax law so we’re always ready for the toughest situations.
Your Business is Ours
We developed strategies for both business and individual clients. And we work hard and long hours when they need us—even after tax season. So let us tackle your most pressing financial issues.
Services
Bookkeeping
Bookkeeping provides you with a clear financial picture of your business.By allowing us to set up your customized bookkeeping system and to take care of your day-to-day financial foundation, you can free up your time, have less stress, and focus on growing your business. we offer bookkeeping for sole proprietorships, small business, large business, retail and part time bookkeeper in Ontario Toronto.
General Bookkeeping
Setting up ledgers and journals
Bank account and credit card reconciliation
Generate Reports
Profit and Loss Statement
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balances and Closes
Month-End and Year-End
Inventory Management and Valuation
Depreciation Schedules
Vouchers
Accounts Receivable
Process customer invoices
Correct invoice discrepancies
Follow up with overdue payments
Generate Aging Accounts Receivable report
Initiate third-party collection and Small Claims court procedures
Accounts Payable
Vendor payment Reports
Maintaining Petty Cash
Expense Reports
Cash Reports
Cost of Goods Sold
Purchase Orders
Taxation
GST/PST/HST Remittances
Payroll
Annual Income Tax Returns
Corporate Tax Returns
Payrolls
Payroll requirements and tasks are complex and time-consuming, not allowing your paid employees to be utilized to other profitable tasks in your business. We at Pace accounting offer payroll services to businesses at affordable rates. We provide payroll and accounting services on and off the site. These services are offered on monthly, quarterly and yearly basis.
Payroll (weekly, bi-weekly, monthly, semi-monthly)
Deductions at source
Year-end T4s and T4 summaries
Administration of employee benefits
Hire/Termination (ROE and all related payroll forms)
Monthly bank reconciliation
On time remittance of GST, WCB, Source deduction
Monthly Financial Statements
Compilation of accounting data for the fiscal Year
Calculation of all unpaid government remittances
Reconciliation of bank accounts
Full set of Financial Statement
Corporate or Business tax returns
Year-end entries
Taxation
We at Pace Accounting and Taxation Services Inc. offer personal taxes, corporate taxes we well as financial planning services. Our experienced tax associates will offer you the best advice, whether you are filing your corporate or your personal taxes. They will make sure you take advantage of all tax breaks available as well as filing your taxes accurately and on time. With E-file, you can have your tax refunds as fast as two weeks from the day you file them.We provide comprehensive tax reporting and tax planning services to individuals, which include but not limited to:
* T1 personal taxreturns
* T1 Adjustment
* Helping answering CRA Advising on audits by the CRA and handling disputes with the CRA
* New immigrant tax returns
* Non-resident tax returns
In addition we provide special services to new landed immigrant such as:
* Preparing and submitting Child tax benefit forms
* GST/HST credit application
Financial Advice
Business entities need to plan for the future in order for the business to survive and thrive. They must also consider alternative management strategies and prepare capital and operating budgets as well as consider alternative funding and cash budget possibilities. We help you to Compare all facets of your business activities related to your current finances. We will present financial statements that reveal how your business is performing such as: Cash flow, operation results and present financial position.
Business Set-up and Regisration
By means of our business set-up services we can assist you to get your business plan assessed as per the international ethics and familiarize them fully about the licensing as well as the registration requirements. We aim to offer the most appropriate services to you right from the beginning until they entirely settle the business of their preference. Choosing a name for your business and verifying whether other businesses are using the same name can be daunting .We can help you obtain a NUANS report (New Updated Automated Name Search), which will display corporations, business names and trademarks similar to the name you have searched. Also we can assist you to obtain a Master Business License, Municipal permits, and any other licenses and certifications required in your industry.
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