Practice Areas
WS Eckhart CPA provides complete Accounting, Payroll, Tax and Advisory services to Start Ups and Small businesses.
Tax
WS Eckhart CPA will complete and file your annual business taxes whether that is a T2 (Corporate Tax) or a T1 (Self employed or Sole Proprietorship)
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HST/GST can be calculated and filed quarterly or annually.
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PST can be calculated and filed Monthly
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Payroll source deductions can be determined and file during the following month. Also with annual T4s and T4 Summary being created.
Payroll
WS Eckhart CPA provides payroll for companies with up to 25 people. This can be through Quickbooks or an APP such as Wagepoint. Source deductions are calculated to be paid in the following month. Annually T4s and the T4 Summary are created. A discussion can be had to determine if a staff member is a Contractor or Employee. Often payroll also leads to discussions around cashflow.
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Payroll is possibly the largest company expense so it is important to get it right.
Advisory
Typically there is an Advisory meeting each month once the bookkeeping is completed. Discussing the results for the month and more importantly looking to the months ahead and growth. A budget will be created. Then keep on top of executing to plan. Any questions you have will be answered and together company growth will be created.
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Fathom is an excellent Business Intelligence APP. It also provides Forecasting with Scenario planning. This is an excellent APP providing insights and what to expect in the future.
Notice to Reader
WS Eckhart CPA is a CPA Practice licensed to create Notice to Reader. This is typically an unaudited set of financial statements including a Balance Sheet and Income Statement. I sign off on these statements as a CPA. These formal statements can be useful to provide to Investors or banks when enquiring for as loan.
Bookkeeping
Accurate and complete bookkeeping is the foundation of the accounting Year End and the Advisory function. WS Eckhart CPA will clean up your books at the start of the engagement, maintain the books monthly or quarterly and do any required Year end bookkeeping. This is all done in the cloud with Quickbooks Online or Xero and a variety of Apps (Hubdoc, Fathom etc.) Or if you just want the books reviewed monthly or quarterly while you do your own bookkeeping. The headache of bookkeeping will be removed.
Accounting Apps
Both Quickbooks Online and Xero have an extensive APP ecosystem. The APPs integrate with the bookkeeping software. There is a suitable APP for most business requirements - whether that's a payment processor, payroll, inventory, document management or business intelligence. These APPs are huge time savers and greatly improve business workflow and processes. After learning about your business the best APP can be chosen for your business.