Software & Information Technology

If you are a new business of an existing business you need to know the type of business entities that are available and their advantages and disadvantages.

• Corporation
• Sole Proprietorship
• Partnership
• Limited Partnership
• Limited Liability Partnership
• Joint Venture

There is a host of information that you require on a daily basis to keep your business performing at optimal levels. You need to know who owes you money, who you owe money to and when these amounts are due. You need to know all of your assets and liabilities. You need to be able to measure your performance. You need to know when additional cash is required.

The information technology industry has requirements that differ from other industries. They have reporting requirements for lenders and taxation agencies. They sometimes have projects that take a great deal of time. Financing can also be a challenge as security for lenders is not always there.

The reporting for taxation and other bodies include, personal tax, corporate tax, Worksafe reports, GST reports, employee deduction and payroll reports, T4’s and T5’s. In addition, special reports may be required by funders.

• First of all, we can help you select the business form to use in your business. We will evaluate your needs and recommend the right form keeping in mind the current operations and the projected operations.
• We can provide you cash flow data to help you determine your requirements for working capital. We can assist you in obtaining bank financing. We can assist in preparing budgets to guide your growth.
• We can prepare financial statements and tax returns as required and on time.
• We can analyze your requirement for computer systems and software. Alternatively we can prepare the information you require in our offices. Our professional personnel are always happy to help.
• We can provide you with assistance in preparing budget reports and funder required reports.
• We can analyse your costs to assist you to remain competitive with others in your industry.

Call our office for an appointment for a free initial consultation or we can arrange to go to your office. If you are a new business, we can help you with required registrations and provide you needed advice.