Services

Advisory

Meeda Accounting Professional Corporation provide the following business advisory services

Business Plans and Projections

A business plan is a written description of your business's future. It is a document that describes what you plan to do and how you plan to do it. Business plans are often required to obtain a bank loan or other kind of financing.

We have prepared business plans for a variety of businesses including restaurants, manufacturing companies, health professional corporations and trucking industry. An important part of the business plan is preparing the financial projections. We have many years of accounting and financial experience, we are able to prepare strong financial projections with relevant assumptions that paint a reasonable picture of what the future financial side of the business could look like.

Registration and incorporations of businesses

We provide Nauns name search and reservation services for all the jurisdiction in Canada. We provide business registration and incorporation services in the Province of Ontario and Federally with Industry Canada. We register your business for GST/HST and payroll with Canada Revenue Agency.


Accounting

We are a professional accounting team, with an extensive experience will provide bookkeeping, accounting in a timely fashion and take care of your company records.

Bookkeeping Services

We work with QuickBooks Online, QuickBooks and Excel based bookkeeping programs. We do reconciliation of your bank statements, maintain your records of expenses and revenue based on the receipts, manage your accounts payable to make sure your bills are paid on time honoring vendor terms & conditions, and invoice your clients. Our bookkeeping services are affordable and cost-effective.

Accounting

We provide accounting services for GST/HST, payroll, accounting systems setup for new businesses recording of general journal entries, maintaining all ledgers, sales and performing detailed inventory reconciliations, recording adjustment entries for yearend journal entries such as amortization, accrual of other expenses etc.

We compile financial statements and provide a Notice to Reader to accompany Your Financial Statements


TAX

Meeda Accounting Professional Corporation tailor effective solutions for both individual and corporations. The Canadian Income Tax Act is dynamic with amendments and new provisions being added year after year. We are passionate about taxation and always ensure we keep abreast of the latest changes in order to provide the best possible tax solutions for our clients.

Corporate Taxation

Canadian corporations are subject to tax on their worldwide income. Some of the corporate tax related services we offer to corporation and not for profit organizations are:

  • Preparation and filing of T2 Tax Returns
  • Preparation and filing of GST/HST Returns
  • Preparation and filing of payroll source deductions, along with T4s and T4 summaries
  • We provide following post tax return services

  • Responding to CRA notices
  • Liaising with CRA for any audits, including corporate, payroll and HST audits
  • Assisting in appeals and representation for fairness for individuals and corporations in matters relating to personal tax, corporate tax, payroll and HST

  • Sales Taxes

    GST/HST Registrants are entitled to claim input tax credits (ITCs) equal to the amount of sales taxes paid on purchases of goods and services used in business against the sales collected on their sales/services. We are well versed in this area and have extensive experience assisting our clients with GST/HST matters.

    Our services for sales taxes include

  • Determining the GST/HST registration requirements of your business. And if required, obtain advance ruling from Revenue Canada regarding the registration requirements
  • Preparing and filing GST/HST returns as per required timeline with CRA
  • Filing new home GST/HST rebates for qualifying home/rental property buyers
  • Maintaining GST/HST records and assisting with CRA audits if required

  • Individual Taxation

    Canadians are subject to tax on their worldwide income. We offer following personal tax services

  • Personal and Self-Employed tax preparation and E-Filing
  • Returns for deceased individuals
  • Rental, Investment Income / Loss Computation
  • Prior Years Return Filing
  • Assist in Canada Revenue Agency post return filing reviews and audits