Accounting and Bookkeeping Services
We provide a full spectrum small business accounting & bookkeeping services in GTA and beyond Canada-wide.
We are very flexible to tailor the solutions to your specific needs based on your requirements. Whether you are a small business or a medium sized business, our bookkeeping and accounting services can be scaled to any level.
Many ways to work with us!
You can use a subscription for any SaaS solution from our side or purchase one for you with access to us. We do have our own customized accounting solutions as well. If you don’t have a cloud-based accounting solution, no worries, we can help to arrange one for you and take care of the whole transition. Alternatively, if you prefer a desktop localized software, we can work with that too.
Fully outsourced Accounting Services or Co-Sourced
You can take advantage of our outsourced accounting services in Toronto and we can take care of everything! Alternatively, you can retain your own accounting staff or an in-house bookkeeper and ask for additional assistance with the technical and advanced accounting from our side.
Accounting backlogs and last-minute tax rescues
If you are having an accounting backlog or you are falling behind your tax filings for year, you are not alone! It happens.
We can give a helping hand to you.
- For accounting backlogs, late tax filings or information in a non-accounting format, our team processes your date. We clean up your books no matter how much messed up they are.
- If you are struggling with massive accounting data entry, our team can assist with that too.
- If you have your data available and only need management reports, we can prepare those management reports for you
Important accounting functions which can be performed:
- Accrual and Cash basis accounting
- Complete general accounting
- Massive data entry or cleaning up of books operations
- Complete accounts receivables or payable management
- Bank reconciliations of any size
- Income Tax Accounting and Reporting for businesses whether incorporated or unincorporated.
- Payroll calculations and reporting on a regular basis
- Sales tax (HST/GST) preparation and filing
- Periodic Management & Financial Reporting for small businesses
- Monthly, Quarterly or Yearly closing of books
- Assistance in preparing audit packs for external audits
- Preparation and compilation of financial statements
Our outsourced accounting services are not limited to Toronto or Greater Toronto Area but are extended across the whole of Canada.
Financial Controller Services
Controller function is a critical role in any business and its importance cannot be neglected because it serves as the bridge between the management and accounting team. This role becomes even more important for SMEs where risk of fraud and inaccurate financial reporting is comparatively high due to multiple factors including lack of segregation of duties, unqualified or inadequate number of staff. Having not been able to afford doesn’t mean that you cannot have a Controller. We can perform Controller function for you which includes:
- Timely periodic closing
- Fraud prevention
- Review and Analysis of Management Reports
- Decision Ready Timely Management Reporting
- Advanced Financial Reporting
Our strong management & financial reporting will help you in making timely business decisions and will certainly make your auditors happy with comprehensive audit packs. With our team having expertise in internal controls benefits of Fraud prevention can immediately add value to the bottom line. You have the option to take either Controller Services alone or clip it with our comprehensive bookkeeping services.
Let’s not forget! Our focus is the success of your business.
In today’s business, strategic business analysis and management has become even more critical to business sustainability. Forecasting cash flows and Cash management is an area where most small business owners spend their time on rather than other key areas of business management. Nowadays, small and medium businesses have blurred the differences between Controller Function and CFO Function, nonetheless, the importance of both cannot be ignored. Under our “Virtual CFO” service, we will provide your business with an opportunity to benefit from our resourceful team who have both professional development and expertise with the industry’s best certifications and extensive practical knowledge. We will provide a bespoke solution, depending on clients’ needs in case our pre-listed packages do not fully address your needs. Our Virtual CFO function can be combined with our Controller and Bookkeeping services to provide a wholesome solution to your accounting and finance department. If you already have an in-house accountant who is taking care of basic bookkeeping function, our Controller or CFO services can be requested at friendly rates giving you an opportunity to take advantage of our advanced analytical, planning and action techniques. We provide objective, unbiased and precisely measured advice in conjunction with Advanced Financial Decision-Making techniques.
- Pricing Decisions
- Product continuance / Discontinuance decisions
- Capital Budgeting
- Assets acquisitions and disposals
- Financing decisions
- Operational Analysis
- Strategic business analysis
- Forecasting and Proforma Financial Statements
- Cash management
- Investor Relationship Management
Due to routine system maintenance, CRA’s My Account and automated phone line will not be available from Friday, October 16, at 11 pm to Monday, October 19, at 6 am ET. You will not be able to apply for the CRB, CRSB, and CRCB or CERB during this time. (1/2)
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SATISFIED CLIENT STORIES
“I have hired services from Maroof's firm for filing my tax returns. They gave me maximum insights and a truthful picture of the complete process. Their business ethics are excellent. Gotten quick feedback on almost all the questions I posed at him. I would recommend him for obtaining all tax advice. Good Luck!”
“We are operating in different countries and have to deal with big stakeholders in Oil and gas industry. I have been using the accounting services of Maroof HS for the last 3 yrs now and I can vouch for his competency and efficiency. However, I personally appreciate his insights in other aspects like banking, company structure and fiscals, accounting system, and general financial tips that I find very useful and have definitely had an impact on our profitability.”
“We are a very young and extremely busy catering business in Toronto. Our accountant left us, leaving us hanging with a very complicated and messy set of books. We feel very fortunate to have found Maroof who is very thorough and methodical. He and his team quickly picked up and sorted out everything very well. We love the way they work; the hard work, dedication, skill set and availability all the time.”
“We got our financial statements compiled for 4 years. All we had were a bunch of scattered invoices, bills, and bank statements. All the data was organized, put into the accounting system and we got our financial statements. They coordinated with the independent auditors from the management side and we finally had audited financial statements. Wonderful people!”
Very professional and easy to deal with, Maroof was flawless in dealing with and helping us secure our financing for a multi-million dollar automotive operations in GTA. We tried several places, and Maroof was by far the best and easiest to deal with, thanks for all the help, my friend! Looking forward to more future business!
Maroof was super helpful and professional. Helped me through a tonne of my business and personal taxes. Answered quickly, answered all my questions, was patient with the process, made the entire thing understandable. I'll be sticking with this guy for all my future tax needs and have already referred him to a few of my friends. Super legit dude, friendly personality.
We are new to Toronto and temporary residents. We use our US LLC to do business. tax time was so painful for us. I found contact details of Maroof CPA on the IRS website. Five minutes of the phone call helped me clarify all of my questions. We have now our US CPA and Canadian CA in one place. a very great guy.
Maroof was incredibly helpful! I was really struggling with my taxes as an aspiring actress as they can be very complicated as well as being a student. Maroof went above and beyond - he was very communicative, prompt, and always available to answer any questions. I will use these services again next year!
I am a self-employed sole proprietor. I just opened my new corporation and needed some tax advice before I start running my business. I visited Maroof at their Woodbridge location. I really admire his technical skills and hospitality. It was a wonderful conversation. he did not even charge us and we got valuable time. Thank you for your time Maroof and we hope to see you on a regular basis now.
Thank you Maroof for guiding me so patiently. I am in Indian who returned from Canada and became non resident of Canada. I live in UAE now. I still have some income coming from there. Another accountant filed my returns wrong and it was a mess. Maroof explained me the whole process and the steps I must take to make sure that I do not have unintentional tax consequences. Very ethical and professional chat with this guy.
I would recommend it for anybody having complicated tax situation.
We provide wide range of income tax, accounting, business advisory and planning services. To learn more about all our services, please visit the below link
Looking for accounting services? Do not hesitate to contact us! Contact us today and let us know how can we help you. We return all our inquiries within 24 hrs!
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