Our team of highly skilled professionals provide quality service in the area of financial statement preparation and interpretation. Our skill, commitment and reliability are demonstrated in the high quality of work that we achieve.
Whether you are a sole proprietor, non-profit organization, private corporation or public corporation we have the team available to assist you. Our accounting and auditing services include the following:
Financial statement audit and review
Preparation and compilation of annual financial statements
Audit and review of financial information other than financial statements
Preparation of pro-forma financial statements including projections and forecasts
Preparation of cash flow statements and budgets
Preparation of government financial reports
Assistance with developing and implementing systems of internal control
Assistance with implementation of accounting systems and software
GAAP conversion services including IFRS, Private Entity GAAP and PSAB
Bookkeeping services and related assistance
Tax
Tax planning is a vital component of your business success. From personal and corporate tax planning to assistance in complying with federal and provincial taxes, we take a proactive, hands-on approach to issues which affect our clients.
By keeping current on new tax laws and legislation, we are able to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve.
Whatever your tax issues, we are ready to assist you in identifying the most profitable and beneficial opportunities crucial to your business’ long-term success.
Preparation and filing of individual personal income tax returns
Preparation and filing of federal and provincial corporate tax returns
Preparation and filing of trust returns
Preparation and filing of information returns (partnerships, non-profit, charitable organizations)
Preparation and filing of Goods and Services Tax (“GST”) returns
Assistance with payroll taxes and remittance amounts
Assistance with retail sales tax remittance and recovery
Assistance with assessments, reassessments and notices of objection
Consulting
Personal Financial Planning
Personal financial planning is required at any stage of life. Whether you are a young professional, a family with children or an entrepreneur considering retirement, planning for a healthy financial future is essential. Our team of professionals will assist you in setting short and long term goals and objectives. As well, we can assist you with the preparation of budgets and cash flows, obtaining personal financing and overcoming financial difficulty.
Business Advisory
Our staff will assist you in various business situations such as obtaining and restructuring financing, acquiring and selling assets or a business, corporate reorganization and insurance and estate planning. As professional accountants, we have the skills and experience to deal with most problems and barriers encountered in today’s business environment.
Information Technology and Systems
Enabling information technology and information systems is essential in today’s business environment in order to allow your organization to have access to timely and accurate reporting upon which to base your decisions. Your business may require a new or updated accounting system, an online point of sale portal or an executive dashboard.
We provide valuable advice based on our business knowledge coupled with expertise in technology, systems and processes. We can assist you in designing and evaluating new systems, processes and internal controls that focus on leveraging technology to achieve desired business objectives. We can also assess the risks associated with information technology and provide the insight and methodologies to help you mitigate these risks. As well, we will support project teams by providing project management services for system implementations and conversions.
Commodity Tax Consulting
We can provide advice and guidance on the administration of the Goods and Services Tax (“GST”), Provincial Sales Tax (“PST”) and Harmonized Sales Tax (“HST”). We will assist your business in obtaining a Vendor’s permit and determine the appropriate registration requirements for filings. We will advise you on the appropriate procedures for an objection or appeal to the government’s assessment of your tax accounts. In addition, we will advise you if there are opportunities to recover taxes from prior years.
Valuations and Litigations
Business Valuation
Valuing an entire business or individual assets and property, whether they are corporate or personal, requires the specialized experience and skill of a Chartered Accountant and Chartered Business Valuator. Valuations are often required for a purchase and sale agreement, for support for Canada Revenue Agency inquiries, or for estate planning. Our in house Chartered Business Valuator and Chartered Accountants will consult with you and our network of appraisers, other accountants and actuaries to ensure your business valuation needs are met.
Litigation Support
Our organization has been involved in litigation support on many different levels. We have assisted individuals in dealing with shareholder disputes, divorce and child support cases as well as assisting in Canada Revenue Agency related matters. As well, we provide support to lawyers in quantifying damages, costs and losses as a result of breach of an agreement or fraudulent activity.
We offer expert and unbiased litigation service whether we are hired as a consultant in a case, or as an expert witness called to testify in court. Whether you are involved in prosecuting or defending a position, we provide reliable and timely litigation support services and have the experience to assist you through the process, tailored to the individual needs of the specific case at hand.
Specialized Services
Are you involved in an insurance claim or have you or your business been a victim of fraud or other criminal activity? Organizations confronted with financial issues often require forensic accounting and investigative expertise to better uncover evidentiary matters, find assets, develop claims, and value and restructure businesses. We can help you assess the value of loss to yourself, your business or your family.
Damage Quantification We will assist you in the process of obtaining damage compensation for your loss by liaising with lawyers, insurance companies, Canada Revenue Agency and other stakeholders. The professionals of Freelandt Caldwell Reilly LLP, are experienced in performing a variety of accounting and evaluation techniques that identify and support alleged damages resulting from varying circumstances.
Forensic Investigation Forensic accounting encompasses a broad range of investigative techniques that are designed to provide interpretation and analysis of accounting and financial reporting for use in litigation and dispute resolution. These services are necessary when there has been fraudulent activity or such activity is suspected within your business organization.
Our forensic group digs beneath the surface analyzing transactions, applying intuition, critical analysis to quantify the loss or potential loss to you and your company. We are committed to obtaining a true picture of key events, transactions and business dealings, and we a prepared to work with you to establish systems of control to address fraudulent activity.