ACCOUNTING SERVICES

Our proactive approach to identifying problems and a commitment to positive, measurable results sets us apart.

 

Providing accounting and financial information to our clients in a timely and accurate manner at all times is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records or information ensure that your business operations will run more efficiently on a daily basis. We provide a full range of cost effective accounting services including the following:

 

Financial statement preparation

 

Compiled financial statements (Notice to Reader)

Review and Audited financial statements (Assurance Services)

Future oriented financial statements (FOFI)

Tax audits

Forensic audits

Bookkeeping (Monthly/Quarterly/Annual)

Complete set of payroll services

Federal and Provincial Sales & Service Taxes (HST from July 01, 2010)

WCB reportin

Accounting system setup for new businesses

Amalgamations and winding up

 

TAXATION SERVICES

Receiving expert advice on tax matters is most important for any business. Our combination of skills, experience and professionalism remains unmatched..

 

Our approach is proactive, not reactive. We do not merely respond to existing problems; we identify potential causes for concern and recommend improvements. We keep up to date on new tax laws and legislation so that we are in a position to identify key tax planning opportunities that minimize our client current and future tax liabilities. We never stop searching for innovative ways to improve each client's tax position.
We take an integrated approach to owner-manager tax planning, examining both your business and personal tax positions. Taking both into account, we’ll work with you to create the best possible tax strategy designed to make the most of tax saving opportunities while reducing tax expenditures wherever legally possible.
We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include, but are not limited to:
Personal and corporate tax preparation
Personal and corporate tax planning  
Not for Profit and charities information return preparation and review of issues such as disbursement quota, clergy deduction and qualifying activities
Recommendations regarding corporate restructuring including changes to share structure, implementation of family trust and addition of holding companies.
Advice and planning on life time capital gains exemption.  
Support for audit, appeals and objections for personal and corporate tax matters and interaction with Canada revenue agency officials.
Final returns for deceased individuals, including related estate planning


Estates and trust planning:


Without adequate succession and estate planning, in addition to your assets or net worth, you might end up passing on a tax burden to your heirs. For owner-mangers, business viability may be compromised or continued family ownership could be jeopardized. Shakamuri & Co Inc. Certified General Accountants can provide practical advice and strategies for management succession, tax planning, financial structuring, equity ownership, wealth preservation and wills advice.
Creation and winding up of trust

Annual trust returns for intervivos and testamentary trusts

 

TINTERNATIONAL TAXATION SERVICES

 

As a number of Canadian individuals and businesses have cross-border interests and expansions, our team of professionals can assist you in understanding the tax rules and provide accurate planning that may affect those interests and expansions.

 

CONSULTING SERVICES

 

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:

Software consulting

Business start-up or expansion

Management consulting

Succession planning

Estate planning

 

BUSINESS VALUATION


The economic value of business and personal assets is always a central component in the creation and execution of partnership agreements, buy or sell agreements, divorce and separation agreements. Although we are not certified business valuators, Shakamuri & Co Inc. can assist in providing a logical approach to establishing valuations on a non-expert basis.

 

SCIENTIFIC RESEARCH & EXPERIMENTAL DEVELOPMENT


If your business or organization is involved with scientific research or experimental development, then you know how important timely and successful filing of eligible claims can be. At Shakamuri & Co Inc we also understand this importance and have an experience in this field. We can save you time and energy and that means more cash flow for your business.

 

BUDGET & CASH FLOW

Although budgeting, cash flow & funds flow forecasts and income projections, are among the most important elements of business planning, many of today's organizations are too overwhelmed by day-to-day operations to invest the time and energy needed to develop these fundamentals effectively.

Shakamuri & Co Inc. can help your organization improve its short-term and long-term operations by anticipating changes and trends, and planning strategies to maximize your organizations financial growth and stability through accurate budgeting and projections.

 

OTHER SERVICES


As part of our professional services we offer a variety of value added services to our clients. We will help you in achieving your personal and business financial goals. We can provide specific, concrete planning to help you minimize your debt.
A comprehensive and well considered plan won’t guarantee success, but it will put you on the right path with the right tools.
Strategic business planning with the guidance of a Certified General Accountant will bring numerous benefits and affect positive change throughout an entire organization. A CGA can help to sharpen the focus of a business and shape its internal framework, processes and procedures.


A key component to strategic planning is the direction it provides for setting achievable and measurable corporate goals. An important aspect of our work as a CGA is to analyze and examine corporate history, successes and failures, and industry trends, past, present and future. In addition to strategic and business planning, we also offer cost-benefit analysis and economic impact assessments.


We can help you in making critical business decisions which affect cash flow in the following areas.

Buy Vs sell existing business

Lease Vs purchase asset


Assisting with finance proposals, business plans and budgets        

 

SERVICES PROVIDING IN THE FOLLOWING AREAS

 

At Shakamuri & Co Inc, we have the experience in providing services to the following business categories:

 

Architects

Automotive sales and service

Beauty parlor, salons & spas

Construction and contracting

Elder care

Engineers

Financial service providers

Franchise outlets

Hotel and restaurants

Investment and Insurance agencies

Manufacturing and processing businesses

Medical and legal professionals

Other small business

Real estate development, sales and leasing

Retail and whole sale

Roads and bridge builders

Trucking business