Our approach is to start with the traditional areas of bookkeeping, accounting and tax services.
But this is just the beginning.
We then raise the bar for each and every client.
Accounting and Auditing
The core of our practice consists of traditional compilation, review and audit services. We tailor all accounting and auditing services to your specific requirements. Assurance work (reviews and audits) can be prepared under any of the Canadian financial reporting frameworks, including International Financial Reporting Standards (IFRS), Accounting Standards for Private Enterprises (ASPE) and Accounting Standards for Not-for-Profit Organizations (ASNPO).
We also prepare cash flow projections for lenders, offer management information system recommendations and update IT applications.
Estate and Retirement
Developing an estate and succession plan is integral to your financial success. It can be as simple as reviewing and updating an existing will with a codicil, or in more complex situations a complete reorganization of a corporate group with the introduction of holding companies and family trusts.
Corporate and Personal Tax
The complexities of Canadian income tax law, changes to Canada’s Income Tax Act and strict General Anti-Avoidance Rule (GAAR) regulations require a serious commitment from a progressive practice. We have made this commitment.
Our focus is to develop tax strategies to minimize your tax, so you and your business retain as much after-tax income as possible.
To download helpful resources, click here.
Our partners are highly experienced in management advisory services for business owners and entrepreneurs. Our expertise includes cash flow projections, business valuations, financing proposals, developing business plans, R&D credits, government grants and much more.
Cross Border Tax
The Internal Revenue Service (IRS) has dramatically raised the bar with regards to an estimated 94% of U.S. citizens who are living in Canada and abroad and not filing U.S. tax and information returns.
Further, in late December 2017, the U.S. government signed into law a major tax bill that will have an immediate substantial tax consequence to U.S. citizens who control Canadian private corporations.
Canadian financial institutions are now reporting significant financial information of Canadian residents who are U.S. citizens to the CRA, which is now legally required to provide this information directly to the IRS.
The level of oversight is ever expanding, and compliance may be burdensome, but the alternative is no longer an option.
We are also Certifying Acceptance Agents for the IRS, which allows us to apply for IRS identification taxpayer numbers.
G&G has made a significant commitment to creating a team, both here and in the United States, of experienced CPA’s dedicated to assisting clients with their U.S. filing requirements. In early 2018 we created a new association with a cross-border tax practice located in Florida (CBTA). This provides significant resources and infrastructure to further service the needs of our U.S. cross-border clients.
Click here to visit the Cross Border Tax Assoicates
Computer Services and Support
You might wonder what computer services has to do with accounting?
No matter what your business, entrepreneurs and small business owners are responsible for managing all aspects of their company. Advising clients on the best financial software in the market means there’s one less thing for you to worry about.
Debbie Spence leads our IT division, providing customized support and advice to clients. Debbie specializes in the installation and implementation of the most up-to-date software for your small business accounting needs, including Sage 50 Canadian, AccountEdge and QuickBooks.