Hotay Professional Corporation

Owner-managed companies, professionals and families across Ontario are the people whose returns and books the Mississauga office of Hotay Professional Corporation prepares. The practice has worked from that office since 2003 and is led by a chartered professional accountant, and it builds its service around long-term relationships in which one team handles a client's tax filings, bookkeeping and planning year after year.

Corporate returns and tax planning

For small and medium-sized companies, the firm prepares T2 corporate income tax returns and advises on tax planning. The aim is to keep a company's position under review through the year rather than only at filing time. Clients can also use the practice for advice on how a business is structured and funded, drawing on its work with owner-managed companies.

Personal returns, RRSP and capital gains

Individuals receive help with personal returns, RRSP planning and capital gains planning, along with support when the Canada Revenue Agency writes about a return. The firm advises clients on lowering the income tax, capital gains tax and inheritance tax a family may owe, and it treats the personal and business sides of a client's finances as connected.

Bookkeeping, payroll and financial statements

Routine record keeping and payroll processing make up the operational side of the work. The firm prepares financial statements in line with Canadian Generally Accepted Accounting Principles, for use by banks, investors and other third parties. Growing companies can also draw on controller and chief financial officer support, which gives a small business a finance function it could not otherwise afford to employ full time.

Non-resident returns and real estate corporations

Non-residents with Canadian income must report it correctly, and the firm prepares those returns. It also sets up personal real estate corporations for real estate professionals and represents clients during audits, reviews and appeals with the Canada Revenue Agency. Medical professionals, educators, engineers and lawyers are among the groups the practice lists as clients.