FINANCIAL STATEMENTS

Yates Whitaker knows business.  We have an entrepreneurial spirit that we share with our clients.  We know what you need to keep your business going, what the banks want for your financing, and what your partners need for the year end.  Financial statements present the results of operations and the financial position of the company.  We offer three levels of accounting engagement statement preparation:

1. Notice to Reader - This is the basic accounting engagement.  This engagement statement does not require testing, provides no assurance over the internal organization controls and account balances.

2. Review - The most common assurance engagement that we offer is a review engagement.  It is not as detailed as an Audit but is able to be used for the majority of financial users.

3. Audit - Following Canadian Audit Standards, Yates Whitaker performs several audits for a wide range of clients.  This is the the highest level of assurance we provide and can be used by all financial users.  

BOOKKEEPING SERVICES

We realize that you are busy doing what you need to do to make your business a success, if you would rather be focusing on that instead of bookkeeping, Yates Whitaker can help.  We offer full bookkeeping services to manage your company finances and will teach you how to organize it to make the data processing part of your business as efficient as possible.  By us assisting with your bookkeeping, our expertise in all accounting software and onsite support, ensures that records are kept exact, allowing you to have the information you need immediately and with complete faith in its accuracy.

BUDGET

We love business and we love numbers.  Let us help you with your budgets to leverage our passion for your organization.  We can assist with the development of annual budgets and the creation of budget templates, your scheduled budget reviews and the final year-end budget requirements.  We have a team of staff that can look at what you are looking to do from a variety of angles.  We offer onsite support as well.

CASH FLOW

Our team employs staff that are trained with all major accounting support software, including Sage and QuickBooks, to assist with your cash flow analysis.  We can work with your organization to assist with monthly reconciliations, account balances, and bank reconciliations.  We can offer onsite support as well if you need.

FINANCING

Yates Whitaker enjoys great relationships with a variety of financial institutions and we want to share them with you.  If your organization is looking to grow by purchasing a building, acquiring another company, taking on larger projects, carrying more inventory, or purchasing more equipment, we can steward you through the difficult process of financing.  Let us make this tough process for your organization easier.

PROFITABILITY ANALYSIS

Yates Whitaker uses profitability analysis as a tool to present financial information in a way that business owners and key stakeholders can make informed decisions about where their business is and where it is going.

START-UP CORPORATIONS

If you are thinking of starting a business, let us assist you.  We provide a complementary initial consultation to help you learn how to administer your corporation from a tax perspective.  We will guide you through the process allowing you to have a complete understanding of the steps that are needed to be taken.  Getting this process right from the start will pay dividends down the road.

COMMON START-UP DISCUSSION ITEMS

• How do I pay myself?  Can I pay my family members?

• Do I need to charge GST?

• What do I need to budget to pay my corporate tax? 

• What are my tax filing deadlines?

• What is a dividend?

• What is a Holdco and do I need it?

MANAGEMENT SUPPORT

Yates Whitaker believes that even the most qualified executive needs to have regular competent, and objective feedback.  With our diverse entrepreneurial experience we are able to take an unbiased view of your organization and work with you to improve internal efficiencies and profitability.

Our rich experience can assist your organizations’ management team to develop long-term objectives and measurable strategic goals that facilitate your business’ future growth and success through:

• Strategic Business Planning

• Operational Reviews

• Financial Management

• Mergers and Acquisitions

• Organizational Valuations

INTERNAL FINANCIAL REPORTING

To facilitate quick and easy partnership and shareholder meetings, let us assist you in the construction of the internal financial documentation.  We are able to create comprehensive quarterly , annual and shareholder reports.  These reports will be compiled with the information that is precise, concise and easy to absorb, enabling you to focus on your business.

TAX COMPLIANCE AND PLANNING

Yates Whitaker is focused on knowing where you are now, where you want to go, and helping you navigate through tax forms and deadlines to get there.  Understanding where you want to go personally, professionally, and what you want to leave to your successors, is our key to short-term and long-term tax planning.  This integrated business and personal tax approach allows us to lower your overall tax liabilities and maximize your tax efficiencies.  This is a defining characteristic of what Yates Whitaker does and we are excited to discuss our approach with you.

TAX REPORTING

Our job is to understand what the Canadian Revenue Agency wants and when they want it.  We will help you understand the deadlines and reporting requirements your organization must meet, and steward you through these complicated deadlines and requirements.  We are on top of any new legislation and tax regulations that will affect your business and will bring that expertise to you. 

COMMON GOVERNMENT REPORTING DISCUSSION ITEMS

• When are my T4’s and T5’s due?

• When are my corporate taxes due?

• When is my GST due?

• What do I need to file if I’m in a partnership?