Incorporated Businesses

From a new corporation requiring support for structuring to one that is ready to grow to the next step, we are there to provide support for bookkeeping, accounting, financing, forecasting and tax planning. 

  • Bookkeeping services for corporate clients start with the design of a bookkeeping system and electronic file enabling the effective recording of business transactions. From there, we can train our clients to perform some or all of their bookkeeping or simply perform all bookkeeping for them. Support is always given to clients who choose to perform their own bookkeeping. Along with basic bookkeeping, we assist with payroll, HST and other regulatory aspects of business ownership. We also assist with any audit considerations for payroll, HST and corporate tax.
  • Tax preparation for corporations involves the preparation and submission of the T2 corporate income tax return along with T5 slips as part of the tax planning. Some of our corporate clients have family trusts and T3 Trust returns are filed for these each year. We generally also prepare the personal returns for all of our corporate shareholders thus enabling us to achieve tax minimization across all levels of taxation.
  • Tax Planning for corporate clients starts with the design and implementation of corporate structures to take full advantage of tax minimization opportunities available. We work with local or client recommended professionals to design tax efficient structures. Once established, we work with our corporate clients to achieve the full benefit of tax efficient structures we implement. Occasionally, changes in circumstances require us to make changes to the structures in place and where complex, we work with external tax specialists to guard against unexpected tax consequences.
  • Accounting engagements for our corporate clients are most often done on a Notice to Reader basis though we also perform review and audit engagements as part of our assurance group. Regardless, each engagement is concluded with a year-end meeting and a full reporting package that includes complete copies of the financial statements, T2 corporate or other tax returns, engagement documents and a letter that discusses the past year results and suggestions relating to the upcoming year. Our accounting engagements are full year in that we continue to work with our clients throughout the year and encourage regular contact from our clients.
  • Consulting occurs throughout the year for all our corporate clients. We encourage regular communication as issues and questions arise throughout the year. Our clients occasionally have specific consulting requirements which require a separate engagement. Examples might include a purchase/sale agreement, expansion, or specific tax planning. One area that we focus on is assisting our clients in evaluating the health of their business. Out of such engagements comes an analysis of the strengths and weaknesses of a business and suggestions on how to make improvements that will potential result in improved cash flow and profitability.
  • Assurance engagements for our corporate clients are usually limited to review engagements in circumstances where financing exists or is being applied for. Some corporate clients require audit services for specific accounts such as real estate trust and lawyer trust accounts. We work with our clients to make sure that their statutory reporting requirements are met without undertaking more assurance than is required.
  • Perhaps the one aspect that we are proud sets our firm apart from others is our commitment to education.  All of our engagements contain an element of education. An initial meeting always takes place for prospective clients whereby we determine if a good fit exists. Specific advice is always given at these meetings. We provide ongoing support to our clients as well as communicate through newsletters and deadline reminder. Each accounting engagement includes a year-end meeting where we go over the past year and discuss the upcoming year. Clients are given a year-end letter with management points to assist them in their business. Finally, we put on workshops to current and perspective clients that provide useful information on topics ranging from bookkeeping to tax and estate planning. 

Privacy Policy

Bluenose Accounting (the “Firm”) is committed to maintaining the confidentiality, security and accuracy of your personal information. The Firm collects uses and discloses personal information related to its clients and employees to the extent required to provide requested services for those clients, to fulfill its professional responsibilities and operate its business. We are committed to protecting the privacy of information in our possession and control. To that end, the Firm has established a Privacy Policy to protect the privacy rights of its clients, employees and others. The Firm’s Privacy policy sets out principals and guidelines it follows in order to meet its privacy commitments and complying with provincial and federal privacy legislation. This policy relates to the collection, use and disclosure of personal information by the firm, its partners and employees.

What is Personal Information?

The firm defines personal information as any information that the firm receives as a part of servicing individuals, or indirectly, through clients that are organized as corporations, not-for profit organizations, charities or other like organizations in addition to information related to its employees and partners. Such information would include, but is not limited to, names, addresses, telephone number, age, sex, marital status, identifying numbers, education status and medical history. A more detailed definition can be found in the Freedom of Information and Protection of Privacy Act of Nova Scotia. The Firm only collects information required to provide the services requested and agreed upon. Such information is contained as required within filings with government agencies or as part of its working papers as required by professional standards, rules of professional conduct and regulation.

The Firm’s Commitment

The Firm has established and put into place policies and procedures designed to protect personal information. The firm has communicated to its partners and employees its policies with respect to privacy and has established responsibilities for all individuals with access to private information. The firm has designated Anthony Fielding Ph.D., CA (anthony@bluenoseaccounting.com) as its Privacy officer.

Consent

Information provided to us, including that collected from our website, is used solely for the purpose of the service(s) indicated and is often, but not always, set out in its engagement letter. Should you advise us at any time that you no longer consent to the use of the personal information that you have provided to us, we will take your information off our database.

Safeguards

The Firm protects the privacy of personal information in its possession by using security safeguards appropriate to the sensitivity of the information. Such safeguards include physical restriction (locked premises and security systems) and electronic protection (password protection and encryption).

Legal Disclaimer

Although we make every effort to preserve user privacy, we may need to disclose personal information when required by law when we have a good-faith belief that such action is necessary to comply with a current judicial proceeding, a court order or legal process.

Other Use of Your Information

Except as set out in this Privacy Policy, we do not make any other use of the personal information which you provide to us unless you have consented to its use for any other purpose. We do not sell or disclose your personal information to anyone, except as required by law.

Website

In using our website, you consent to the collection, use and disclosure of your personal information in accordance with this Privacy Policy.

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Terms of Use

Terms of Use

The use of this web site is governed by the terms and conditions as set out below. By using this web site, you have agreed to be bound by these terms.

Copyright

The information contained within this site, including the underlying HTML, text, images and any other content is the property of Bluenose Accounting (the “Firm”). Any reproduction or redistribution of content of this site without the express written permission of the Firm is strictly forbidden.

Disclaimer

The information provided in this site is free of charge and is for information purposes only. Such information should not be relied upon or used as a basis for decisions. The Firm has made all efforts to maintain the accuracy of the content of this web site. Information provided on this web site is provided without any warranties of any kind. The Firm assumes no responsibility or liability for damages that may arise from the use of this site or of any information contained within.

External Links

The Firm may provide external links to third party sites and some content provided on this site may actually be from third party sites. The Firm assumes no liability for the accuracy of third party information contained within this site or in those reached through links contained within this site. Any links are provided for information purposes only and are not to be construed as an endorsement by the Firm. The Firm has not reviewed or otherwise attempted to verify the accuracy of information contained within such sites.

The Firm assumes no responsibility or liability for damages that may arise from the use of these links including any computer security issues such as, but not limited to, viruses, Trojan horses or other disruptive code which may be downloaded or transferred from such linked sites.

Acknowledgement

By using this site, you are agreeing to the terms and conditions as set out above. Any use of information contained within this site is not to be construed as professional advice and the use of such information does not relieve you from applying the standard of care and due diligence relevant to the use of such information contained in this web site. You are solely responsible for verifying the accuracy and reliability of all information contained within this web site.

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