Chartered Professional Accountants in Markham, Thornhill and Toronto

If you are thinking of establishing a new business or practice, or you want an expert’s perspective on your current business then give us a call. We will partner you with an accountant with extensive experience in your industry who can walk you through this process.

Are you thinking of expanding and growing your business? Speak to us.

We can help business owners with:

• Deciding whether to incorporate
• Preparing tax returns on time with the best results possible
• Restructuring your current business structure to utilize the small business deduction and capital gains exemption
• Providing assurance level financial statements (notice to reader,reviews and audits)
• Working with your lender to meet reporting requirements and obtain additional funding if required
• Salary and dividend options
• Preparing budgets and future projection information
• Preparing personal tax returns
• Issuing T4, T5s, T5013s

Some of the most successful Canadian businesses are family owned businesses. These are not just mom and pop enterprises. Family businesses bring an array of complexities that need to be carefully examined in order to be successful.  Applebaum, Commisso understands these complexities first hand and has worked with hundreds of family owned businesses to navigate through succession planning, family dynamics, estate planning and more.  The following is a list of services our staff can provide to Family Owned Businesses:

• Succession planning and restructuring
• Family trust utilization
• Salary vs. dividend strategy
• Bookkeeping, including payroll remittances and HST filings
• Financial statement preparation
• Preparing and filing corporate and personal returns including T2125 if required.

Is your lawyer talking to your investment advisor and is your investment advisor talking to your insurance advisor?  Is someone coordinating these professionals to ensure they are working toward your personal financial goals? Consider us as the Project Manager or Team Leader of your financial team. Our goal is to optimize your family’s wealth and estate and to minimize, as much as possible, the taxation associated with such wealth.  Our staff will coordinate these efforts and work with you to ensure you maximize your earnings and maintain your holdings. There is an array of tax efficiencies that should be considered by high net worth individuals and we are here to implement these for you.

The following is a list of Wealth Management services our staff can provide:

• Ensure proper utilization of capital gains and non-capital losses
• Establish a family trust to spread income and utilize the capital gains exemption
• Prepare net worth statements
• Date of death returns including planning to limit probate taxes
• Succession planning

Not all Canadians are familiar with Canadian tax regulations for professionals and how to file their tax return.  Many of our clients are hard-working professionals who work to support themselves and their families and could benefit from a professional accountant to help guide them through their most important financial decisions. Here is where our team of experts is available to help you. We don’t expect you to know about tax compliance, financial accounting and cash flow projections.

Our accountants attend hours of annual professional development to ensure they have the most up-to-date knowledge relating to tax impact to professional practices operating in Canada.

The following is a list of services our staff can provide to everyday professionals:

• Deciding whether a professional corporation makes sense for you
• Buy and sell decisions and whether it is in your best interest to purchase shares or assets
• Bookkeeping including payroll remittances and HST filings (if required)
• Succession planning
• Salary vs. dividends decision making
• Restructuring to utilize a family trust and a holding company
• Structuring partnership arrangements
• Preparing and fling corporate and personal returns
• Financial statement preparation

Not-for-profit & Charities in Canada are regulated by the Canada Not-for-profit Corporations Act.  It provides federal not-for-profit corporations with a set of rules that are modern, flexible and better suited to the needs of today's not-for-profit sector.  Applebaum, Commisso has been representing not-for-profit clients for many decades and has extensive experience working to optimize their financial operations.

The following is a list of services our staff can provide to Not-for-profit & Charities:

• Financial statement audit of charities including: Not for profits, registered charities and condo corporations
• Taking measures to comply with the new Canada Not-for-Profit Corporations Act.
• Establishing a proper internal control system to help eliminate potential fraud or accounting errors
• Filing charity returns including T3010 and T2 (if required)
• Help with budgeting to ensure spend quota being met