Black and White Accounting Services Ltd. offers a fully online and cloud-based services using the most contemporary cloud-based accounting and documents management apps. Hosting documents and accounting file on the cloud apps allows to access accounting data in real-time, anywhere and anytime.
Black and White Accounting Ltd. provides your business with a full spectrum of cloud-based accounting and bookkeeping services and stay on top of the deadlines for you, taking the hassle out of your accounting and bookkeeping obligations. Cloud-based accounting and bookkeeping services give you the flexibility to work whenever and wherever you want. Our services include:
1.1. Bookkeeping Services
1.2. Preparation of Financial Statements
1.3. Bank Reconciliation, Accounts Payable and Accounts Receivable Services
1.4. Set-up and Maintenance of Accounting Systems
Let us handle your monthly accounting and bookkeeping so that you can focus on what you do best
Taxation activities are the most complex and challenging aspects of accounting. Our cloud-based tax services are designed to help you and your business in completing and filing timely and accurate tax returns and GST/HST remittance. For small businesses and individuals, we proactively review your corporate and personal tax position to ensure that you get no surprises at tax time by utilizing all opportunities to reduce taxes. The requirement for your tax preparation depending on your business type and how we prepare your income tax return based in your records and other relating information. We offer the following tax services to meet your needs:
2.1. Corporate Income Tax Services
2.2. Personal Income Tax Services
2.3. GST/HST Sales Tax Services
Let us handle your tax returns so that you can focus on what you do best
Payroll plays a major role in the business who is responsible for calculating payroll checks, deducting Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums and income tax from remuneration or other types of income you pay by remitting them to the Canada Revenue Agency. Cloud-based payroll services give you the flexibility to work whenever and wherever you want
Let us handle your payroll so that you can focus on what you do best
In addition to accounting, bookkeeping, GST/HST, tax and payroll services, Black and White Accounting Ltd. provides various business services including:
4.1. New Business Start-up
4.2. Managerial Accounting and Budgeting
4.3. Financial Analysis Services
Let us handle your managerial accounting so that you can focus on what you do best
Bookkeeping services is an important process of any small business that are available on cloud-base and on site/in house base. Cloud-based bookkeeping services give you the flexibility to work whenever and wherever you want. We offer an all-encompassing suite of bookkeeping services using all strategies that reduce your tax payable and tailor our services to meet the specific needs and requirements of each client. This includes:
We will help you prepare financial statements in accordance with International Financial Reporting Standards (IFRS), and present them professionally in easily readable formats, and give you the specific information you need to make smart and fast business decisions. This service includes:
We will reconcile your bank accounts and credit card transactions with bank statements and drafts the required adjusting entries. We offer service to keep track on your sales, accounts receivable, purchase and accounts payable. These services include:
We provide support of Intuit products and other accounting systems that you might currently have set up and in use. We specialize in online bookkeeping with certified online QuickBooks advisory services, and we provide you with full training. This service includes:
Maximizing tax efficiency and simplicity is no easy task, but we can help you develop the right approach for your business by identifying your potential tax opportunities and arranging your affairs in the most tax efficient manner, we can help you meet all of your tax compliance and reporting requirements, including:
Our team understand the significance of providing accurate personal tax returns and minimizing any payments while maximizing your potential return. There are numerous exemptions and credits you may be eligible for that may apply to you personally or to your business. We excel at providing accurate, convenient, and reasonably priced preparation of personal tax services. We can handle more complex returns. We provide services on a range of personal tax matters including the following:
If you own an unincorporated business or are a member of a partnership, you may also be entitled to additional deductions that you may not be aware of. We can assist you with gathering the information you need to get the deductions you deserve. We can also review your GST and RST filing requirements to make sure you are meeting your compliance and remittance obligations.
We can help you determine when and if you should incorporate your business.
The goods and services tax and harmonized sales tax (GST/HST) are the taxes that apply to most supplies of goods and services made in Canada, and also to supplies of real property (such as land and buildings) and intangible assets (such as trademarks, rights to use a patent). Sales tax returns (GST/HST) are due frequently (monthly, quarterly ...etc.) depending on your business sales. We are able to prepare these returns to ensure that you are compliant with filing requirements. As a registrant, you recover the GST/HST paid or payable on your purchases and expenses related to your commercial activities by claiming an input tax credit (ITC) on your GST/HST return. Our services include:
Payroll plays a major role in the business who is responsible for calculating payroll checks, deducting Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums and income tax from remuneration or other types of income you pay by remitting them to the Canada Revenue Agency. Black and White Accounting Ltd. provides affordable online payroll services to our small businesses. Just send us the hours and we are able to send you the pay stubs to create the payroll checks or even prepare direct deposit for your employees. There are various filing requirements for your payroll deductions and we can help keep you straight. Payroll services include:
We provide financial forecasting and budgeting service that allow our clients to quickly react to the rapidly changing competitive business circumstances. These services include:
Our financial analysis services ensure better quality and lower cost that would maximize our clients' return on investment and their potential growth. Is your business looking for financial analysis services? Outsource to Black and White Accounting Ltd. and get access to the best in financial analysis services.
With Black and White Accounting Ltd., outsourcing financial analysis services can provide your business with a host of benefits which include:
Black and White Accounting Ltd. provides a host services in the area of financial analysis such as: