786 Accounting & Tax

About 786 Accounting & Tax

We provide 100% cloud-based bookkeeping, tax and advisory services to small businesses all over Canada.

What makes us unique?

1. We don't charge based on the number of hours worked on your file, that can cause a huge bill!! we always charge a fixed fee that doesn't change during the 1 year period. Instead of paying one big invoice at year-end, we break it down in small instalments payable monthly.

2. Access to your financial information is available from anywhere in the world, to help you make a quick business decision based on your financial health!

3. Financial Health check-up: We provide the business clients with a financial health check-up with your Year-end notice to reader financial statement prepared by a Chartered Professional Accountant (CPA).

4. Build an Audit-proof system - We only use Award-winning advanced AI accounting and documentation systems to help you build an audit-proof system to respond to CRA or a prospective buyer with confidence.

5. Price comparability - We have been told by all of our clients that the value of our service fee package is amazing to compare to the traditional bookkeeper or Accountants from any part of Canada.

Services

Bookkeeping - cloud-based

Wherever you are in Canada, we can help with your books and records.

We will help you create an Audit-proof accounting system that is fully cloud-based and can be accessed from anywhere in the world by using award-winning accounting software for a fixed monthly fee based on the number of transactions not revenue $$$.

Financial Statement

Looking for financing for expansion or working capital support? Any financial institution will ask for a financial statement prepared by a Chartered Professional Accountant. Because it helps the institution to read and understand the financial statements better.

Your financial records should be auditable by the potential buyer or the Canada Revenue Agency at any time so that they can complete a comprehensive test to ensure your financial records are fairly presented and accurate. So, that you don't miss out on $$$ from the sale of your business.

Personal Tax Preparation

We provide cloud-based Personal Tax preparation service for all residents of Canada except for Quebec at a very competitive rate.

Business Plan

We provide a comprehensive business plan outlining the following -

* key success factors

* SWOT analysis

* Sales and marketing plan

* Competitive analysis

* Industry trend analysis based on the most recent financial market data

* 1/3/5 year financial forecast including -

Income statement, Balance sheet, Cash flow statement

Tax compliance

We assist with all kinds of tax return preparation including - Corporate tax return (T2)

- Trust/Estate return (T3)

- Annual Payroll filling (T4)

- Statement of Investment Income (T5)

In addition to the above, we do personal and corporate tax planning to optimize shareholder tax situation.