Accounting

We believe every business is special and it needs attention. At A4D we provide Accountant On-Call services to help you with your tailored accounting needs. We understand that you started your business because you are passionate about what you do, the same way we are passionate about helping our clients succeed by delivering reliable & trustworthy accounting services.

The following is a list of services we offer to other dentists and dental business owners:

• Corporate Tax and Financial Statements for the Fiscal Year
• Process implementation and review of the accounting infrastructure

Tax Planning

Almost all of your actions have tax ramifications. We help you minimise your taxes on a personal and professional level by identifying and putting into effect important measures like income splitting and practice incorporation.

Without a solid foundation of accurate bookkeeping, an income tax return is meaningless. When it comes to preparing your income tax return, you need a firm that has the skills to cut through the complexity of your bookkeeping records.

At A4D, we will prepare your income tax return accurately and properly with our

• Knowledge of tax rules about your industry
• The resource to work on your detailed bookkeeping record
• Expertise in your accounting software

We provide lifetime support for every tax return we prepared. Please be assured that your return will be prepared accurately with solid financial record support.

Tax return preparation requires a solid understanding of the uniqueness of the legal industry and skills to cut through the complexity of the bookkeeping records.

We have the experience, the expertise, and the resources to prepare your income tax return accurately with solid financial record support.

Salaried/Resident Tax Returns

We understand what it is like to run, operate, and maintain a small business. Let A4D’s experienced Tax Professionals prepare your income tax return.

It takes a lot of effort to accomplish your goals. Our goal is to assist you in reaching your goals. To better understand your circumstances, a consultation is included in this tax package. Next, we arrange your money such that you can take advantage of as many job deductions as possible. It’s the finest approach to position yourself for success in the future.

This is what’s contained:

• Advice and guidelines regarding permissible tax write-offs for the T1 Individual Income Tax Return
• Year-round accounting and business assistance to address your inquiries

Self Employed Physician Tax Returns

By lessening their tax obligations, we assist dentists in keeping more earnings and net income. Our expertise lies in taxing dentists and dental offices, and we can support them in expanding their practices while optimising their take-home pay.

We can maximise your tax return if you are a sole proprietor and are making money. We first have a meeting to discuss your setup and objectives, after which we design a customised plan to optimise your future returns. This tax bundle consists of:

This is what’s contained:

• Advice and guidelines regarding permissible tax write-offs for the T1 Individual Income Tax Return
• Year-round accounting and business assistance to address your inquiries

Corporate Tax Returns

The preparation of corporate and individual tax returns, yearly financial statements, and tax and finalising planning services are all included in this comprehensive package for incorporated medical practitioners. Throughout your fiscal year, we have a personalised, continuous conversation on tax deferral techniques, income splitting, and maximising corporate deductions.

This is what’s contained:

• Formation of a Medical Professional Company
• Medical Professional Corporation’s registration with the Ontario College of Physicians and Surgeons (CPSO)
• Medical Professional Corporation’s yearly renewal with CPSO
• Tax slip issuance for the T2 Corporate Income Tax Return
• T4 (Employment)
• T5 (Dividends)
• Financial statement compilation: Reader’s notice
• Advice and direction regarding allowable tax deductions
• Representation with the CRA throughout the year
• Monthly bookkeeping
• Year-round accounting and business assistance to address your inquiries

Back Office Management

First of all, A4D, we understand what it is like to run, operate, and maintain a small business. Let A4D’s experienced management handle all your back office needs for accounting, payroll, etc.

• Monthly data entry and transaction review
• Monthly bank account reconciliation
• Monthly credit card expense identification
• QuickBooks Online (QBO) review
• General Bookkeeping Support
• Management Reports Including Key Financial Data
• Accounts payable Support and Payables Management
• Pay vendors and contractors monthly
• General Accounting and Bookkeeping advice
• File HST and make tax payments (including HST and Corporate Tax)
• Bi-weekly payroll processing and recording
  • Maintaining Payroll Software
  • Adding New Employees
  • Managing bi-weekly payroll cycles
  • Record of Employments

Financial Management Services

We are here to support you in realising your aspirations and helping you reach your financial objectives, whether they involve saving or planning. We can assist you with financial decision-making related to compensation, benefits, payroll taxes, pension plans, equipment acquisition, leasing vs. purchasing, and other financial issues.

Here is a list of services we provide with this:

• Send out monthly financial reports.
• Reports on monthly performance against the budget should be provided.
• Assist with financial flow management
• Take part in the forecasting and budgeting process.
• Assist the management team with ad hoc reports and advice concerning requests for outside funding.