Accounting Plus Financial Services Inc.

Cloud accounting and tax services across Canada

Operating from Ontario, Accounting Plus Financial Services Inc. presents itself as a cloud accounting and financial services firm, with its books kept on Xero. Its work includes personal and corporate tax returns, bookkeeping and tax planning advice. Its clients include individuals, start-ups, small businesses and franchises, and the firm says it works with them across the country from a base in Toronto and Markham.

Personal tax returns for residents, newcomers and others

The firm prepares T1 personal returns for residents and non-residents, families, self-employed professionals, new immigrants and people leaving Canada. It also handles tax return adjustments, appeals, reviews and relief claims, and applications under the Voluntary Disclosure Program. The company says its aim is clear, accurate filings that clients can understand.

Corporate tax, planning and restructuring

For companies, the practice prepares T2 corporate returns throughout the year, with proactive tax planning and expert support for complex corporate restructuring. It also prepares business plans and loan applications. Its advisory work is described as helping owners plan cash flow, reduce tax and grow with confidence, and it includes guidance on trusts and estate strategies for longer-term planning.

Cloud bookkeeping on Xero

Bookkeeping is kept in real time on the Xero cloud platform, which the firm says gives owners visibility, control and confidence over their numbers. Monthly reporting and closing are part of the service. The firm presents the Xero work as a way for an owner to see the current position of the business rather than a set of figures produced once a year.

Sales tax for online sellers and industry specialists

For e-commerce businesses, the firm sets up, tracks and reports sales tax for Shopify stores and helps Amazon sellers with tax compliance and reporting, covering multi-channel sales, payment fees, refunds and inventory. For construction and trades it tracks job costs, progress billing and holdbacks. For medical practices it handles payroll and reporting, for IT, media and communications firms it covers retainers, contractors and expenses, for restaurants it covers food costs, tips and HST, and for real estate and property management it tracks commissions, rental income and property expenses. The firm says it can also deal with the Canada Revenue Agency on a client's behalf, including audits, reviews, objections and notices.