Reliable financial information is essential for daily operating decisions, loan requirements and tax return preparation. Timely preparation can help you spot problems early and then quickly take corrective action. Our services include the following:
Work with individuals and corporations to prepare comprehensive financial statements.
Issue review engagement reports, compilations, and other special reports.
Prepare cash flow projections and financial forecasts necessary for financing for start-up or expansion.
Assisting with bank proposals and review of business plans.
Phillip & Company has been successfully assisting clients with their tax requirements for over 40 years, helping them maximise their tax savings. This includes the following:
Corporate Tax and Personal Tax Returns.
Trust and estate returns, include estate planning.
HST, GST and payroll taxes, as well as other annual filings (T4s, T5s, EHT, WSIB);
Non-resident tax services; This a complex area of Canadian taxation that requires special knowledge. We have significant experience in assisting non residents of Canada. We have also assisted many clients with their Aliyah and related tax issues.
Tax planning; we assist you in developing your creative tax planning. This way you are in control of your tax situation and can eliminate unwanted surprises.
Tax disputes; We have considerable experience in dealing with the CRA in resolving tax disputes. Our expertise includes dealing with tax audits, review of assessment notices and representation to tax authorities.
Purchase and sale of a business. The purchase or sale of a business requires careful consideration of a variety of issues from a tax and business standpoint. Our services include advice on the structure of the deal, tax implications, due diligence and financial projections.
Business consulting advice which includes items such as review of shareholder/partnership/joint venture agreements, expansion decisions, lease versus buy etc.
Assist with new business start-up requirements.
Retirement planning to ensure your financial independence during your working years and through your retirement years.
Not-for-Profit Organizations. We have significant knowledge of not-for-profit organizations, including the varied reporting and filing requirements. Our experience includes foundations, private schools, camps, religious establishments, and other special interest groups.
As qualified installers of the most popular and productive small business software packages we offer a wide range of accounting software solutions. We can also assist you in the selection of your business software and hardware tools.