Users of financial reports
Financial reporting to users of financial statements is extremely important for your business. Typical users are banks and other creditors, taxation authorities, and management. Reporting to these users requires superior knowledge of current accounting principles and the ability to apply them to our clients' advantage.
Reporting for income tax, GST, PST, WSIB and EHT
Reporting to taxation authorities and other regulatory agencies requires superior knowledge of how best to present the information. Too much detailed information could work against you, just as too little information or irrelevant information could provoke further investigation. Our experience has taught us to provide the proper amount of information in the optimal format to reduce the frequency of investigation.
Reporting to bankers and other creditors
We take the time to present information to the client's advantage while being careful not to mislead creditors. We invest time and resources to stay on the leading edge of the latest developments. We provide the right form of reporting depending on the needs, objectives and cost of the reporting. Consideration must be given to the confidentialiy of information provided. It is imperative to disclose only information that is necessary for creditors and bankers to make their decisions. We try to provide a cost effective solution that will satisfy the client and meet the requirements of creditors. An audit, review or notice to reader where appropriate and cost effective.
Reporting to management
Management reporting is important as it serves as a basis for management decision making. We provide guidance as to what level of information to disclose inside the company to protect sensitive information. We also provide advice on the format for internal reporting so it is useful for management decision making. We can assist in tailoring computerized accounting software to meet the needs of management reporting.