KB Accounting Services

Operating from Regina, Saskatchewan, Canada, KB Accounting Services Inc. offers bookkeeping, accounting and tax preparation, with payroll, consulting and audit support alongside. The company describes itself as a full-service firm that works with clients through the year rather than only at tax time, and its founder moved into accounting after finding that the firms she had used were slow, costly and hard to follow.

Personal and business tax returns

The firm prepares personal income tax returns and offers online filing for individuals. It also prepares returns for sole proprietors, meaning self-employed people, where the firm pays particular attention to what the tax authority counts as a business. Its corporation tax service covers the filings for incorporated companies, and the old text notes that the firm applies the same accounting standards to its clients as it uses for its own books.

Small business bookkeeping with a clear trail

Bookkeeping is the firm's main focus for small businesses. The firm argues that documentation matters more now, since the Canada Revenue Agency is paying close attention to supporting documents and line-by-line audits. Its records are built to leave a strong audit trail, which the firm says protects a business against penalties that can follow from a single error or an incorrect record.

Payroll and the way owners take money out

The payroll service calculates pay for employees, whether it is based on time or on output, along with benefits and statutory deductions. The firm advises that payroll be run on a regular cycle, and it says the right pay period depends on whether a company has many hourly staff or salaried staff. For incorporated owners, the firm also explains the options for taking money out of a company, such as salary, dividends and a shareholder's loan account, and what the tax authority expects from each.

Tax planning and year-round contact

The firm's tax planning looks at a client's finances through a tax lens to reduce the tax burden where the law allows. Its approach is to keep clients updated on financial statements and good practice during the year, so that questions are dealt with before tax season arrives. The site describes the firm as a year-round partner rather than a preparer who only fills in forms each spring.

Audit support and consulting

The firm offers consulting and audit support for clients who face a review of their records. Its wider point is that accurate books and a clear flow of documents make an audit easier to handle, because the answers are already in the records when the questions arrive.

Credentials and professional development

The founder has continued her education with courses toward the CGA designation and classes from the Association of Tax and Accounting Professionals in Canada. The firm presents that training as part of its commitment to keeping up with the rules as they change.

KB Accounting Services Inc. is a bookkeeping, accounting and tax preparation company in Regina, Saskatchewan. Its founder, Kim, moved into accounting after finding that her own dealings with accountants were slow and hard to follow.

The firm aims to be involved throughout the year instead of only at filing time. It stresses keeping clean records that stand up if the Canada Revenue Agency asks for supporting documents.

What KB Accounting Services does

• Personal tax returns: preparation and online filing for individuals.
• Sole proprietor tax returns: returns for self-employed people, with attention to what counts as a business.
• Corporation tax returns: filings for incorporated companies.
• Small business bookkeeping: day-to-day records built to leave a clear audit trail.
• Payroll services: pay administration for employers.
• Tax planning and consulting: year-round advice, plus audit support.

Who it serves

Individuals and small businesses, with small business bookkeeping a particular focus.

Key facts

• Based in: Regina, Saskatchewan, Canada
• Credentials: the founder has taken CGA courses and classes through ATAP Canada