Business
Driving your Business Forward
Cross Street Professional Corporation works with business owners, partners and solopreneurs to help you achieve your ultimate business goals.
Because we’re a small firm, we work with clients on a first-name basis. It’s important to us that we provide valuable advice in a timely manner. That’s why when you meet with us, you can expect to continue that working relationship with your accountant.
And we nix the typical accountant speak.
Instead, we chat with you in everyday language so you have a complete understanding of your options and a full say in your next decision. That way, we both know that the path you’re taking is what’s best for you.
For the solopreneur or business partnership, here’s how we can work together:
- Business startup advice
- Business registration
- CRA registration (HST and payroll)
- Record keeping including accounting software and related applications options including QBO, Hubdoc, Plooto, Payment Evolution
- HST options (when to register; Quick method)
- Bookkeeping referrals
- Budgeting and cash flow management
- Identification and monitoring of key performance indicators and action plans
- Part-time Controller to oversee financial operations
- Financial statements (Notice to Reader; Review Engagement; Audit)
- Personal T1 income tax return including T2125 Statement of Business or Professional Activities
- Consideration of home office and automobile expenses
- Incorporation pros and cons
- Projected financial statements for bank financing
- Assistance in negotiating financing
- Buy vs. lease decisions
- Business valuations
- Business buy/sell negotiations
- Preparation of government forms including HST, T4’s and WSIB
Are you a Corporation? We can provide all the services mentioned for the solopreneur as well as:
- Advice on articles of incorporation including authorized and issued share capital
- Lawyer referrals
- Filing election for tax deferred rollover of sole proprietorship/partnership to corporation
- Corporate T2 income tax return
- Planning for salaries vs. dividends, income splitting and integration of corporate and personal taxes
- Annual return for Canadian corporations
- Reporting letter for minute book update
- Corporate restructuring for changes in ownership; estate freezes and capital gains crystallization
- Operational analysis and review
- Cash flow planning and management
- Mergers and acquisitions
- Preparation of T5’s
- Shareholder agreements
- Succession planning