We cater to Small and Medium-sized Enterprises (SMEs).
We provide our clients with a compilation report on their business’s year-end financial statements (in accordance with Canadian Standard and Related Services standards). In addition, in order to meet our clients’ needs and objectives, we provide relevant financial information and financial analysis for internal use by management to make timely, informed decisions.
Our accounting services include:
Corporate Income Tax Services
At AccounTrust, our corporate tax services include tax compliance and tax planning for Small and Medium-sized Enterprises (SMEs), with a focus on minimizing your corporate tax burden.
Our corporate tax services include:
Personal Income Tax Services
Our tax services include the latest technologies and are geared to provide you peace-of-mind. We use leading-edge technologies to provide efficient and cost-effective options for filing your personal income tax return, as well as adapt our services to meet your needs and level of comfort with these technologies.
Our personal tax services include:
Estates and Trusts
At AccounTrust, we specialize in estate accounts preparation in Ontario court-passing format as well as various estate and trust tax related matters. Our estate and trust services are geared to fiduciaries in all capacities including, trustees, executors, attorneys under a Power of Attorney, and guardians. We understand that as an executor/trustee/guardian you have been entrusted with managing and administering an estate with the highest standard of care, and in the best interest of all beneficiaries.
One of the more challenging areas in managing an estate is perhaps preparing the estate accounts. The accounting format is defined by Ontario regulations and court practice and has little semblance to common accounting formats. The accounting can also be tedious and time-consuming to prepare. By relying on AccounTrust for the preparation of the estate accounts, and the related estate trust tax returns, fiduciaries (whether in the capacity of trustee, executor, attorney, or guardian) can rest assured that they are carrying out their administrative duties at a higher standard.
Our goal is to make the involvement of estate Executors easier and more efficient. AccounTrust works with estate Executors to provide professional results in a timely and efficient manner for estates of all sizes and complexities including:
Preparation of a Statement of Accounts in Ontario court-passing form
Periodic write-up and recording of estate transactions
Calculating Executor’s Compensation
Estate T3 Trust tax return(s) preparation
Final personal tax return (T1) and optional return(s) preparation for the year of death
Representation before the Canada Revenue Agency in connection with its examination of the Final T1 and the T3 Trust tax Returns
At AccounTrust, we cater to Small and Medium-sized Enterprises (SMEs). We provide our clients with customized bookkeeping solutions which focus on their specific needs and objectives. Our bookkeeping services provide added value in that they are supervised by a professional accountant.
Consider that the cost of hiring a part-time bookkeeper includes wages, benefits, training, taxes, vacation pay, sick days, computer hardware and software, lunch break, office space and furniture, internet, telephone, etc. Now, consider that we can save you this cost by providing your business with bookkeeping services and you only pay for the time we spend to maintain your books and records in an accurate, complete, and timely fashion. Accurate and complete financial information helps you make informed decisions which in turn helps your business be profitable and grow.
Our bookkeeping services include:
Meet the Founder
In the News
Posted on January 22, 2023
AccounTrust is happy to be a sponsor of OBA’s Ontario Legal Conference which is taking place February 8 – 10. A registration discount is extended to those interested in attending. Please see below. 15% Sponsor Discount #ON4C586F87BF https://www.oba.org/OLC ONTARIO LEGAL CONFERENCE February 8 – 10 2nd Floor 20 Toronto Street Toronto, ON | M5C 2B8
Posted on December 26, 2022
As executor, you’re in a position of trust. The assets are not yours; they belong to the estate and are for the ultimate benefit of the beneficiaries. Manage the assets prudently. The executor has a duty of care to act in the best interest of the beneficiaries. When carrying out this duty, be transparent when […]
Posted on October 28, 2021
This post is a reminder that new reporting requirements for trusts which were proposed in the Federal Budget 2018 are coming into effect for 2021 and subsequent taxation years. The new requirements oblige trusts to provide additional beneficial ownership information on an annual basis and file an annual T3 return even if one is not […]