Indtroducing Myself
My name is Dhyan Singh and and I bring extensive experience in this field to serve your bookkeeping needs. My experience includes working in the hotel industry, public sector and fast-paced accounting and bookkeeping firms where I handled multiple clients from various industries. I can assist you with all your bookkeeping tasks, financial reporting, and cash flow projections, allowing you to relax and focus on what you love doing the most.
Payroll and Bookkeeping Services
Accounts Payable and Receivable
Accounts Payable(AP) service will focus on managing the money a business owes to its suppliers or vendors. It involves recording and tracking invoices, monitoring payment due dates, and ensuring timely and accurate payment to suppliers. Accounts Receivable(AR) service will revolve around managing the money that a business is owed by its customers or clients. It involves issuing invoices, tracking payments, and following up on overdue payments.
Payroll Processing
This service will involve the management of employee compensation, including wages, salaries, bonuses, and deductions. I will handle tasks such as calculating net pay based on employee hours, salaries, and applicable tax rates.Payroll processing also includes generating and distributing pay stubs or pay slips to employees, providing a transparent breakdown of their earnings and deductions
Bank and Credit Card Reconciliation
This service will involve verifying the accuracy of recorded transactions, identifying any discrepancies, and adjusting the records accordingly. This reconciliation helps to ensure that the business's financial records align with the bank's records, enabling accurate financial reporting and identification of any errors or fraudulent activities
Payroll Stat Remittance Calculations and Filings
This service will include calculating and remitting various statutory deductions and contributions related to payroll. This includes income tax deductions, Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums, and other mandatory payroll taxes. I will ensure accurate calculations based on applicable tax rates, employee earnings, and deductions which will also include timely filing and remittance of these amounts to the appropriate government agencies, ensuring compliance with tax regulations.
GST/PST Filings
Goods and Services Tax (GST) and Provincial Sales Tax (PST) filings are crucial for businesses operating in jurisdictions that require the collection and remittance of these taxes. This service will involve preparing and filing the necessary tax returns, calculating the amount of tax owed, and ensuring compliance with tax regulations. GST/PST filings help businesses meet their tax obligations, avoid penalties, and maintain good standing with tax authorities.
Workers' Compensation Board (WCB) Remittance and Earnings Payroll Reporting (EPR)
This service includes accurate calculations based on employee wages and job classifications. Additionally, Earnings Payroll Reporting (EPR) will involve providing the necessary payroll data to comply with reporting requirements set by the WCB. I will ensure the accurate reporting of payroll information to maintain compliance with workers' compensation regulations.
Year-End Review and Compilation for Accountant
This service will involve a comprehensive review of a company's financial records at the end of the fiscal year. It includes compiling financial statements, such as the income statement, balance sheet, and cash flow statement, which provide a clear overview of the business's financial performance. The year-end review assists accountants in accurately preparing tax returns, identifying financial trends, and providing valuable insights for decision-making and strategic planning.
T4’s, T4A’s, T5018, and Record of Employment (ROE) Processing
This service will include processing and preparation of various tax-related forms and reports. T4 forms summarize the employment income and deductions for employees, which are required for filing individual tax returns. I will ensure the accurate and timely processing of these forms, facilitating compliance with tax and employment regulations.
Frequently Asked Questions
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How much do your services cost?
The cost of our services varies depending on the specific needs and requirements of each client. We offer a wide range of services, and the price is tailored to suit your unique circumstances. To get an accurate quote, we encourage you to reach out to us and provide more details about your needs of bookkeeping services needed.
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How can I book an appointment for initial meeting ?
You can schedule a meeting by going to our contact page.
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How can I send you my financial data securely?
Each file shared through our file sharing service is encrypted at rest with a unique AES-256 key.
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Are you available at weekends?
Yes, I provide services on weekends at no extra charge.
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What are the advantages of using bookkeeping software?
Advantages of using bookkeeping software include automation, accuracy, organization, reporting, and collaboration.
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How can bookkeeping help with tax preparation?
Bookkeeping ensures accurate and organized records, making it easier to prepare and file tax returns and meet tax compliance requirements.
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What is the difference between bookkeeping and accounting?
Bookkeeping involves recording financial transactions, while accounting involves analyzing and interpreting financial data for decision-making.