Koroll & Company

In Newmarket, Ontario, Koroll & Company works as a firm of chartered professional accountants for the York Region business community, not-for-profit organizations and individuals. The firm says it has provided accounting services in Newmarket and the surrounding area for more than twenty years, and that its focus is sole practitioners and small or medium-sized businesses in any industry.

Tax planning, preparation and disputes with the tax authority

Tax work is the centre of the practice. The firm describes tax planning and preparation as a winning combination for both individual and business clients, with strategies aimed at improving the after-tax position. It prefers to handle personal and corporate filings together, because that gives a clearer understanding of a family's financial affairs. New clients meet the firm first so their needs are understood and a fee estimate can be given before work starts, and each year clients complete a tax questionnaire that flags changes in their situation. Every return is reviewed by a Chartered Professional Accountant, and the firm says it keeps clients informed about changes in tax legislation that affect them.

Where a client is under review, the site lists support with CRA audits, disputes and objections.

Advice for owners making financial decisions

The firm describes its role for new and established businesses as listening first and then offering advice, with the aim of giving owners a clear and accurate picture of their financial position. The services listed on the site include:

• cash flow and budgeting analysis
• financial forecasts and projections
• reviewing a business's accounting system and recommending improvements and training
• special projects covering financing, inventories, cost accounting, credit applications and collections
• preparing the information lenders require when a business applies for a loan or credit
• buying and selling businesses

Personal and estate planning

For individuals, the firm advises on personal financial planning, including retirement and estate planning. It also prepares estate and trust tax returns, which matters to families whose affairs involve a trust or a deceased relative's estate.

How fees are handled

Rather than publishing a price list, the firm says it gives an accurate quote after assessing each client's needs, and that it takes a transparent approach to fees. It describes its team as fully qualified CPAs and professional accounting technicians.

Koroll & Company is a chartered accounting firm in Newmarket, Canada. It provides tax planning, tax preparation and business advisory support for individuals and for sole practitioners, small firms and medium-sized companies in any sector.

What Koroll & Company offers

• Tax planning and preparation: strategies aimed at improving clients' after-tax position.
• Business advisory: advice for new and established businesses making financial decisions.
• Tax audits, disputes and objections: support when dealing with the national tax authority.
• Budgeting and forecasting: cash flow and budgeting analysis, plus financial forecasts and projections.
• Estate and trust tax: estate planning and trust tax preparation.
• Business transactions: help with buying and selling businesses.

Who it serves

Sole practitioners, small and medium-sized businesses and individuals in Newmarket and the surrounding area. Client testimonials on the site include a family-owned food brokerage and a food importer.

Key facts

• Based in: Newmarket, Canada
• Experience: over twenty years serving the area
• Qualification: chartered professional accountants