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Training

At Birchcliff Financial, we provide finanical and accounting training to new entries, volunteers, co-op students and regular employees. We also provide employees at our client’s side. Accounts Assistant at our corporate clients gets special training on our online payroll solution to insert and update emplloyees payroll related data.

Training Areas:

  • Preparation of GIFI, T2, and CT23 and related schedules
  • Line by line T1 general with hands on experience.
  • Quickbook: accounts payable, receivable, data entries, card reconciliations, GST/PST return, Payroll preparation with practical experience.
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Audit Assistance

Tax audits are nightmares and if the outcomes are goes against you, it can be very expensive. In general, CRA tax auditor will ask to see books and records and bank account statements. If auditors found any information variation even if due to clarical mistakes, the decision goes against the tax payers. Ultimate result is huge penalties.

At Birchcliff Financial we take special attention to all our clients for filing taxes, GST/HST returns, etc. Our clients don’t have to worry about their audit assistance. We take care of it all.

If you are not our client and have received a notice from CRA of their intention to audit, first, contact the person or company who assist you in filing taxes. If you cannot reach them, we can help in answering the CRA auditor on your behalf.

Following are the most common reason CRA send you audit notice:

  • Overstated or illogical expenses
  • Overstated deuctions
  • Underreported earnings
  • Unreported earnings
  • Offshore income not reported
  • Offshore assets not reported
  • Credits are not supported by receipt

Be sure to preserve all deduction records (slips, purchase invoices, etc)

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Payroll

At Birchcliff Financial, we have the latest payroll management software to automate your employees pay and allowences. Our online payroll management system allowes you to record, update and view the employees payroll data. Periodically, our payroll experts inspect the data and generate cheques and reports. This includes:

  • Periodic Payroll slips for every employee
  • Monthly remittance reports (CPP, EI, and Taxes)
  • Payroll tax services, T4, T4A, and supplementary
  • Preparation and issuance of ROE Certificates
  • WSIB reports
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GST/HST or QST

Filing GST/HST or QST is one of the most complex and challenging aspect of accounting. You will be happy to know that we file GST/HST or QST for your behalves. We have long and strong reputation for knowing the rules and regulations for sales taxes, etc. We advice our clients so, they can save their hard earned money.

We monitor and provide sales tax related advices periodically, so our clients keep all the records, slips an document up-to-date. This ensures accurate filing and maximizes returns.

Audit Assistance

If you get letter from CRA or you are late in filing taxes, we are here to help. Our regular clients don’t have to worry about answering CRA questions. We take care of all those questions.

If your are not our client, but received letters from CRA, or late in filing taxes, please contact us.

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Bookkeeping

Summary

If you are starting a new business, or your business is growing, may be you are in business for several years and your business is well-established, Birchcliff Financial can provide bookkeeping services to your needs. Our customized and client based services can keep you hassel free. Thus, you are free to focus on your business, instead of struggling with reconciliations, HST remitance, and payroll filing!

Our Promise

You are always welcome to your office as we are a 100% service oriented company. We share our Canadian and international tax knowledge with you. We listen you carefully and answered you questions so you provide maximum information related to bookkeeping. This can be helpful to get maximum benefits from filing taxes, financial statements, etc. We believe that if you are satisfied with our services, you will come back to us and to recommend us to your friends and family.

Audit Assistance

Our Bookkeeping clients are guaranteed to get audit assistance. No matter how accurate we file taxes, CRA can reassess any file they want. If it is happen to our client, we answer all CRA questions.

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Taxation

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Taxation

Summary

One of the most essential services we provide to our new and existing client is taxasion. Whether you are an entreprenure or responsible for filing taxes for your company, our tax filing experts can help you reduce the amount of taxes in a professional way and maximize your profit.

Our Promise

You are always welcome to your office as we are a 100% service oriented company. We share our Canadian and international tax knowledge with you. We listen you carefully and answered you questions so you provide maximum information related to tax. This can be helpful to get maximum benefits from filing taxes. We believe that if you are satisfied with our services, you will come back to us and to recommend us to your friends and family.

Get Maximum Refund

Our tax experts are always up-to-date with current tax rules and changes made by Canada Revenue Agency (CRA). Regular discussion on those rules and finding the best strategies to get the maximum return values are our part of day to day activies.

Audit Assistance

Clients who filled taxes with us are guaranteed to get audit assistance. No matter how accurate we file taxes, CRA can reassess any file they want. If it is happen to our client, we answer all CRA questions.

Tax Tips to Our Clients

When we file your taxes, we tried to provide you maximum return benefits. This can be possible if you provide us the following documents:

Checklist

  • Slips
    • T4 slips(Employment income)
    • Employment insurance benefits (T4E)
    • Interest, dividends, mutual funds (T3, T5, T5008)
    • Tuition / education receipts (T2202A)
    • Universal Child Care Benefit (RC62)
    • Old Age Security and CPP benefits (T4A-OAS, T4AP)
    • Other pensions and annuities (T4A)
    • Social assistance payments (T5007)
    • Workers’ compensation benefits (T5007)
    • Any other slips you may have
  • Receipts
    • RRSP contribution receipts
    • Support for a child, spouse or common-law partner
    • Professional or union dues
    • Medical expenses
    • Transit pass receipts
    • Charitable donations
    • Political contributions
    • Child care expenses
    • Adoption expenses
    • Children’s arts and sports programs
    • Moving expenses
  • Support Documents
    • Notice of Assessment/Reassessment
    • Canada Revenue Agency correspondence
    • Sale or deemed sale of stocks, bonds or real estate
    • Northern residents deductions receipts
    • Rental income and expense receipts
    • Business, farm or fishing income/expenses
    • Automobile / Travel logbook and expenses
    • Disability Tax Credit Certificate
    • Declaration of Conditions of Employment (T2200)
    • Volunteer Firefighters certification
    • Search and Rescue volunteers certification
    • Custody Arrangement documentation
    • Any other document you feel important
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