SERVICES
Businesses
TMSL provides a wide range of services aimed at supporting the growth and success of your business. We understand that many owner-managed businesses, particularly those in the early stages or start-up phase, may not have the resources or capacity to hire a full-time financial manager or qualified bookkeeper. Instead, they are focused on the overall development and day-to-day operations of the company. That's where we can step in to offer tailored solutions that align with your specific needs and budget.
Our goal is to provide you with the necessary tools and guidance to establish a solid financial foundation and navigate the complexities of running a start-up. Whether it's setting up and training you on accounting software, developing budget and cash flow forecasts, handling your bookkeeping needs, or offering practical advice on crucial aspects like business registration and compliance, we are here to support your success.
Accounting software setup, training, and ongoing support.
Bookkeeping services.
Budget and cash flow forecast development.
Comprehensive and practical advice on various aspects.
For All Businesses
Preparation of Financial Statements: We offer both compilation and review engagements to ensure that your financial statements are accurate and trustworthy.
Tax Compliance and Strategic Planning: We guide you in fulfilling your tax obligations while exploring ways to reduce your tax burden.
GST and PST Return Management: We handle the preparation and submission of GST and PST returns to ensure you remain compliant with tax regulations.
Corporate Reorganizations and Succession Planning: As your business evolves, we offer strategic guidance on reorganizations and succession planning to mitigate risk and facilitate smooth transitions.
Financial Analysis and Insights: Our team assists in understanding your financial standing and evaluating your operations, helping you make informed business decisions.
Tax Return Filing: We prepare and electronically file various tax returns, such as T2 Corporation Income Tax Returns, T1 Personal Income Tax Returns with business schedules, and T5013 Partnership Financial Returns.
Information Return Preparation: We help prepare T4 and T5 information returns, accurately reporting income from employment and investments.
Comprehensive Bookkeeping: We manage your daily financial transactions and keep your records current with our full-service bookkeeping solutions.
Tax Authority Representation: We act as your representative in interactions with tax authorities, ensuring effective communication and prompt resolution of any issues.
Remuneration and Income Splitting Advice: We provide expert advice on structuring remuneration, including salary/dividend strategies and income splitting, to maximize tax efficiency.