Comprehensive Bookkeeping Services
At TaxCan Accounting and Taxes, we provide exceptional bookkeeping services tailored to meet the needs of businesses across various industries. Accurate and well-maintained financial records are crucial for businesses to make informed decisions, ensure compliance with tax regulations, and drive growth. With our vast experience, deep industry knowledge, and cutting-edge accounting technologies, we offer businesses a competitive advantage that sets us apart from others in the field.
Bookkeeping is not just about recording numbers; it is about ensuring financial clarity, improving cash flow management, and making strategic business decisions. TaxCan’s multi-dimensional bookkeeping solutions help businesses stay financially organized, minimize tax liabilities, and optimize profitability.
Why Choose TaxCan for Your Bookkeeping Needs?
Unlike many bookkeeping service providers who focus only on data entry, TaxCan takes a proactive approach by offering comprehensive financial insights, tax-saving strategies, and business growth solutions.
What Makes TaxCan Stand Out?
Expertise Across Industries – We serve a wide range of businesses, from startups and self-employed individuals to large corporations, helping them maintain accurate financial records and meet compliance requirements.
CRA Compliance & Accuracy – We stay up to date with the latest CRA bookkeeping regulations, ensuring that businesses follow all necessary guidelines to avoid penalties.
Cost-Effective Solutions – Our services help reduce overhead costs associated with in-house bookkeeping while delivering accurate and efficient results.
Cloud-Based & Automated Bookkeeping – We leverage state-of-the-art bookkeeping software and cloud-based solutions to provide real-time financial tracking, data security, and easy accessibility for clients.
Custom-Tailored Services – Every business is unique, and so are its bookkeeping needs. TaxCan provides personalized bookkeeping solutions based on the size, industry, and operational complexity of each client.
Multi-Dimensional Approach – We go beyond just recording transactions. We analyze financial data, identify trends, and offer valuable business insights that help our clients grow and improve profitability.
Our Comprehensive Bookkeeping Services
1. General Ledger Maintenance & Data Entry
A well-maintained general ledger is the foundation of accurate financial reporting. TaxCan ensures that:
Every financial transaction is accurately recorded and categorized in the ledger.
Data is properly structured to ensure financial reports are reliable and error-free.
Income, expenses, and account balances are tracked efficiently to maintain financial transparency.
2. Bank & Credit Card Reconciliation
Keeping bank and credit card statements aligned with accounting records is crucial to preventing discrepancies. TaxCan helps businesses by:
Reconciling bank statements and credit card transactions to ensure accurate financial reporting.
Identifying and correcting discrepancies to maintain financial integrity.
Preventing errors that could lead to compliance issues and financial mismanagement.
3. Accounts Payable & Receivable Management
Proper management of payables and receivables ensures smooth cash flow. TaxCan helps businesses:
Track incoming payments from clients and ensure timely collections.
Monitor outgoing payments to vendors, avoiding late payment penalties.
Ensure accurate invoicing and billing, reducing disputes and inefficiencies.
4. Financial Reporting & Statements Preparation
Understanding financial performance is key to business success. TaxCan provides detailed financial reports, including:
Balance Sheets – Giving businesses a clear overview of assets, liabilities, and equity.
Income Statements (Profit & Loss Reports) – Providing insights into business revenue, expenses, and overall profitability.
Cash Flow Statements – Helping businesses track cash movements and optimize financial planning.
With accurate and timely financial reports, businesses can make better financial decisions, attract investors, and secure loans with confidence.
5. Payroll Bookkeeping
Payroll is an essential part of bookkeeping. TaxCan ensures:
Accurate tracking of employee salaries, benefits, and deductions.
Proper filing of payroll remittances to the CRA.
Timely processing of T4s, T4As, and other payroll-related forms.
6. HST/GST Filing & Compliance
TaxCan assists businesses with:
Accurate HST/GST tracking to ensure proper remittance to the CRA.
Quarterly and annual HST/GST filings to maintain compliance.
Advising on tax credits and deductions to optimize tax savings.
7. Year-End Bookkeeping & CRA Audit Support
As the fiscal year ends, businesses need proper financial records for tax filing and compliance. TaxCan helps businesses:
Prepare accurate year-end financial reports to meet CRA tax filing requirements.
Ensure all financial transactions are accounted for before tax season.
Assist with CRA audits by ensuring compliance with all bookkeeping regulations.
Consequences of Poor Bookkeeping & Non-Compliance
Failing to maintain proper bookkeeping records can lead to:
Inaccurate tax filings, resulting in audits, penalties, and interest charges from the CRA.
Financial mismanagement, leading to poor business decisions and cash flow issues.
Legal complications, especially for businesses that require regulatory compliance.
TaxCan: Your Trusted Bookkeeping Partner
With years of experience, deep knowledge, and a client-focused approach, TaxCan ensures that businesses receive error-free, compliant, and cost-effective bookkeeping solutions.
Unlike many competitors, we don’t just record numbers—we help businesses grow, reduce costs, and maintain financial transparency.
With TaxCan, you get:
✔ Accurate & Timely Bookkeeping
✔ Real-Time Financial Insights
✔ 100% Compliance with CRA Regulations
✔ Tailored Solutions for Every Business
✔ Proactive Financial Guidance
Let TaxCan handle your bookkeeping while you focus on growing your business.
Contact us today to ensure your financial records are in expert hands!
