Audit & Assurance
R. Anderson & Associates Inc., audit experience is focused around small not-for-profit organizations and public sector (municipality) audits. Our audit team takes professional care to analyze and verify important information about your not-for-profit or public sector organizations to ensure compliance with relevant auditing guidelines. We handle each individual audit with objectivity and professional skepticism to provide the highest level of assurance for your financial statements by ensuring they are presented fairly and in accordance with applicable auditing standards. Our audits also provide recommendations on how to improve internal controls, identify accounting irregularities and improve general operations.
We handle each individual audit with objectivity and professional skepticism to provide the highest level of assurance for your financial statements by ensuring they are presented fairly and in accordance with applicable auditing standards.
Our tax team at R. Anderson & Associates Inc. offer a wide range of comprehensive tax services including preparation and filing of both Canadian and U.S. personal income tax returns, estate and trust income tax returns, preparation and filing of corporate tax returns, charity information and not-for-profit returns, and GST returns to name a few. We can also assist you liaising with the Canadian Revenue Agency should you or your company be chosen for an income tax or GST audit.
Clients rely on us to help them save on their personal taxes and we make it our priority at R Anderson & Associates Inc. to ensure you pay the least amount in accordance with the income tax regulations. If your personal income tax return (T1) is either simple or complex, our tax team can help you take advantage of all of the income tax opportunities and credits available to you. Our tax team of professionals is trained and equipped to answer your questions and assist you with all your tax concerns. By keeping up to date with the tax laws and legislation changes in Canada and USA, our tax professionals are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We always strive to meet clients’ needs to the highest standard we believe they deserve.
For an entrepreneur or business owner, your tax situation requires attention all year round, not just at fiscal year ends and tax filing deadlines. You may have questions that pertain to relocating your business, expanding operations, reorganizing your business structure, selling your business, income-splitting between family members, or reducing your income tax payable from year to year and how this could affect your bottom-line. Our tax professionals work side by side with our clients to offer the right tax advice, guidance in tax planning current & future years and helping you identify potential opportunities to minimize tax. At R. Anderson & Associates, senior professionals will always make themselves available to sit down and listen to your questions and concerns, taking the time to understand your needs to effectively help you manage your business.
A successful estate plan usually starts with a designed plan for preserving wealth while you are alive and taking care of your loved ones when you are gone. Estate planning is something everyone should complete, but not everyone can tackle these important life decisions without assistance. By creating customized and comprehensive plans for preserving, growing and transferring your assets, R. Anderson & Associates Inc. can help you develop a strategy to minimize your income and estate taxes while facilitating an orderly transition of your assets and/or business to your family and other beneficiaries. We work with you to create a strategy that suits your individual circumstances and objectives.
Small Business Financial Statements
Well-organized financial records ensure that your business operations will run more efficiently on a daily basis. For small businesses, timely and accurate financial statements are critically important as they are used to support day-to-day or major business decisions. We offer financial reporting on multiple levels of assurance, from an Audit or Review to a Compilation.
An audit is a comprehensive engagement used to provide financial statement users with an independent opinion about whether the financial statements are reasonably free from material misstatements. These financial statements are the accepted form of documentation expected by shareholders, bankers, creditors, and the government.
A review is when you need a limited level of assurance for the accuracy of the financial information you provide and in the financial statements we prepare; an analytical assessment on the provided accounting records but an extensive audit is not performed on the information.
A compilation, also referred to as Notice to Reader, is the preparation of financial statements where assurance is not required. These services rely only on the unverified information provided by your company but can give you a good idea of how your business is performing financially.
Our team is committed to not only providing reliable and consistent financial reporting to our clients in a timely and accurate manner for all audits, reviews and compilations, but also can have an open discussion with shareholders about past performance and expected future results. We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency.
We can take care of your bookkeeping and accounting entirely, so you don’t have to juggle between the bookkeeper, your accountant and managing the daily operations of your company. It will save you precious time and money and allow you to focus on the growth of your business. Every business, from sole proprietorships to corporations share the same challenge of finding the time to perform the bookkeeping function. At R. Anderson & Associates Inc. we can manage all components of our clients’ financial reporting allowing them to focus on what’s important. Each of our clients is assigned an experienced bookkeeper partnered with an internal senior accountant that will work with you to develop a clear understanding of your business, and will ensure that your books are accurately maintained. Services are tailored to meet the needs of our clients, as we offer monthly, quarterly and annual bookkeeping, with options for GST, PST & WCB reporting, payroll and T-slips reporting.