About Steve Watts, CA
Individuals
Our firm provides tax and accounting services for individuals with a variety of needs.
Personal Tax Returns (T1)
- We have extensive experience preparing personal tax returns of all levels of complexity. As Steve is a designated Chartered accountant, he not only processes tax returns but can maximize tax savings, and ensures returns are done correctly while looking out for the best financial and personal interest of the individual. Specific personal tax areas we can assist with include, but are not limited to: rental properties, small businesses, RRSPs, tax free savings accounts, RESP’s, persons with disabilities, first time home buyers grant, child care expenses, medical expenses, investment income, long-haul truck drivers, and anything else required to correctly file your tax return.
Individuals with a Business
Bookkeeping
- Our firm provides bookkeeping services for unincorporated businesses. We are able to take this time-consuming burden out of your hands and ensure it is done in a timely, accurate, and cost efficient manner.
HST Returns
- We can perform all aspects of HST returns including the accounting, completion, and filing. We will ensure that the HST returns are done accurately and timely, so that you receive your refund as quickly as possible, and that no deadlines are missed (avoiding costly penalties and interest).
Incorporation Process
- If your business has grown to the point where it will be more effectively run as a corporation, we can help to identify this stage in the evolution of your business, and assist in all aspects of the incorporation process.
Corporations
Our firm provides taxation, accounting, bookkeeping, and consulting services for corporations.
Corporate Tax Returns (T2)
- Our firm prepares annual corporate tax returns, while taking into consideration your personal situation. We will complete your taxes with the goal of minimizing your total tax paid between the corporation and your personal tax return. Being a designated CA, Steve has the required knowledge and experience to look at your corporate and personal situation and design a year-to-year plan to minimize the taxes that you pay.
Year-end Accounting
- Along with the corporate tax return, our firm can perform the year-end accounting function for corporations as well as prepare “Notice to Reader” financial statements. The year-end accounting functions consist of looking to see that the bookkeeping for the year has been done correctly, and performing the year-end journal entries. The “Notice to Reader” financial statements are a useful tool for the owner/operator of a business to visually see the results of operations for the year.
Bookkeeping Services
- We provide full-cycle bookkeeping services to businesses of various sizes. Often businesses find our bookkeeping services useful when they aren’t big enough to have a full time bookkeeper, but still need someone who will be accurate, accessible, and timely. Our bookkeeping services include but are not limited to accounts receivable, accounts payable, bank reconciliations, and invoicing.
- Along with bookkeeping, we can perform the HST accounting and payroll functions of your business.
HST
- We can perform all aspects
of HST returns including the accounting, completion, and filing. We will ensure that the HST returns are done accurately and timely, so that you receive your refund as quickly as possible, and that no deadlines are missed (avoiding costly penalties and interest).
Payroll
- We will handle the completion of all aspects of your payroll, including calculating deductions, filing remittances, as well as producing and filing T4’s.
Additional Services:
Audit and Review
- Year-end preparation for Audit and Review engagements - Do you find the annual fee for your year-end financial statements overwhelming? With Steve’s prior experience with reviews and audits we can help to prepare everything that your auditor needs as well as coordinate the engagement, ensuring that you save time, money, and stress while going through the year-end process.
Management Consulting
- Steve can also assist in many other areas of business such as budgeting, budget to actual analysis, forecasting, lease vs. buy analysis, evaluation of financing alternatives, certain long term tax planning, product costing, and any other financial expertise that you may need.
Individuals
Our firm provides tax and accounting services for individuals with a variety of needs.
Personal Tax Returns (T1)
- We have extensive experience preparing personal tax returns of all levels of complexity. As Steve is a designated Chartered accountant, he not only processes tax returns but can maximize tax savings, and ensures returns are done correctly while looking out for the best financial and personal interest of the individual. Specific personal tax areas we can assist with include, but are not limited to: rental properties, small businesses, RRSPs, tax free savings accounts, RESP’s, persons with disabilities, first time home buyers grant, child care expenses, medical expenses, investment income, long-haul truck drivers, and anything else required to correctly file your tax return.
Individuals with a Business
Bookkeeping
- Our firm provides bookkeeping services for unincorporated businesses. We are able to take this time-consuming burden out of your hands and ensure it is done in a timely, accurate, and cost efficient manner.
HST Returns
- We can perform all aspects of HST returns including the accounting, completion, and filing. We will ensure that the HST returns are done accurately and timely, so that you receive your refund as quickly as possible, and that no deadlines are missed (avoiding costly penalties and interest).
Incorporation Process
- If your business has grown to the point where it will be more effectively run as a corporation, we can help to identify this stage in the evolution of your business, and assist in all aspects of the incorporation process.
Corporations
Our firm provides taxation, accounting, bookkeeping, and consulting services for corporations.
Corporate Tax Returns (T2)
- Our firm prepares annual corporate tax returns, while taking into consideration your personal situation. We will complete your taxes with the goal of minimizing your total tax paid between the corporation and your personal tax return. Being a designated CA, Steve has the required knowledge and experience to look at your corporate and personal situation and design a year-to-year plan to minimize the taxes that you pay.
Year-end Accounting
- Along with the corporate tax return, our firm can perform the year-end accounting function for corporations as well as prepare “Notice to Reader” financial statements. The year-end accounting functions consist of looking to see that the bookkeeping for the year has been done correctly, and performing the year-end journal entries. The “Notice to Reader” financial statements are a useful tool for the owner/operator of a business to visually see the results of operations for the year.
Bookkeeping Services
- We provide full-cycle bookkeeping services to businesses of various sizes. Often businesses find our bookkeeping services useful when they aren’t big enough to have a full time bookkeeper, but still need someone who will be accurate, accessible, and timely. Our bookkeeping services include but are not limited to accounts receivable, accounts payable, bank reconciliations, and invoicing.
- Along with bookkeeping, we can perform the HST accounting and payroll functions of your business.
HST
- We can perform all aspects of HST returns including the accounting, completion, and filing. We will ensure that the HST returns are done accurately and timely, so that you receive your refund as quickly as possible, and that no deadlines are missed (avoiding costly penalties and interest).
Payroll
- We will handle the completion of all aspects of your payroll, including calculating deductions, filing remittances, as well as producing and filing T4’s.
Additional Services:
Audit and Review
- Year-end preparation for Audit and Review engagements - Do you find the annual fee for your year-end financial statements overwhelming? With Steve’s prior experience with reviews and audits we can help to prepare everything that your auditor needs as well as coordinate the engagement, ensuring that you save time, money, and stress while going through the year-end process.
Management Consulting
- Steve can also assist in many other areas of business such as budgeting, budget to actual analysis, forecasting, lease vs. buy analysis, evaluation of financing alternatives, certain long term tax planning, product costing, and any other financial expertise that you may need.