At HM CPA, we understand that accounting is about much more than numbers. It’s about understanding each client’s individual needs, navigating through the unique challenges they face, and offering solutions that lead to growth and success.
Accounting services
A compilation engagement is usually carried out for companies that have little financing and no obligation to third parties. It’s probably the most common type of engagement for companies that want to have financial statements at more affordable costs.
The purpose of a compilation engagement is very different from a review or audit engagement. The purpose of a compilation engagement is to assist the client in compiling its financial statements from the information available to him/her and is sufficient for the preparation of tax returns. However, a compilation engagement does not provide any level of assurance on financial statements and is not an assurance engagement.
Bookkeeping
We offer cloud-based accounting services which provides you with real-time financial data to help you properly manage your business and make the right decisions in a timely manner. We offer the following accounting services for SMEs and self-employed individuals:
- Monthly and quarterly bookkeeping
- Accounting for project management
- Reconciliation of bank accounts; accounts receivable and accounts payable
- Preparation of monthly, quarterly or annual financial statements
Government remittances
We offer services for the preparation and submission of GST and QST reports, as well as for source deductions, so that you can meet your obligations on time.
Payroll management
Our services include:
- Payroll processing
- Source deductions management (DAS, CSST, CNESST, CCQ)
- Production of tax slips and year-end summaries (T4/RL-1 slip, T4A/RL-2 slip, T5018, T5/RL-3 slip)
- Production of Records of employment
Taxation
Services for individuals
We share the same goal: to maximize your tax deductions and credits. When you do business with a professional, you can count on a partner who’s on the lookout for the latest tax changes, so you can plan to your advantage. As accredited personal tax preparers, we are specialists in specific and complex situations involving the following:
- Employees
- Self-employed workers
- Self-employed professionals (real estate brokers, lawyers, doctors, engineers, etc.)
- Rental income
- Investment income
- Sale of assets and fixed assets
- Pre-bankruptcy/post-bankruptcy declaration
- Return of income of a deceased person
Services for corporations
In addition to preparing your corporate tax returns (T2 and CO-17) in compliance with the law, we suggest strategies to maximize your tax savings through the analysis of your compensation, corporate structure, and eligible tax credits.
Representation to tax authorities
Have you been contacted by the tax authorities who want to check your books? Do you disagree with their decisions?
We can represent you in preparing the required documents and defending your position.
Consulting services
Business startup
Starting a business is often a unique and exciting experience. With the help of a qualified and experienced business professional, you’ll be able to start your business on a solid and viable footing.
To get your project off a good start, we can assist with the following:
- Choosing a legal structure
- Registration and incorporation
- Government registration (GST, QST and source deductions)
- Quebec Enterprise Register (Registraire des entreprises du Québec [REQ])
- Implementation of a cloud-based accounting system
- Creation of the chart of accounts
Accounting support
Considering all the requirements of accounting standards, the many bookkeeping applications available on the market and the many possible business operations, accounting can be complex. We can help you with the following:
- Preparing files for your auditor
- Training in the accounting treatment of complex operations
- Reconciliation of certain accounts
- Bookkeeping reviews
- Year-end journal entries
