Accounting and Tax Services in Mississauga
Let us handle your accounting and tax with Canada’s most approachable CPA. Why? Because we manage it better.
We give business owners Peace Of Mind by offering Award-winning Accounting and Tax services by Mississauga's trusted CPA.
Accounting and Tax Services in Mississauga
Sal Accounting offers a comprehensive range of Accounting and Tax services designed to support your business and free up your time for growth.
Financial Statements Preparation
- Balance sheets that show your company’s financial position
- Income statement preparation
- Cash Flow projects – forecast your liquidity.
Automated Bookkeeping Services
- QuickBooks ProAdvisor – Gold tier
- Cloud accounting solutions
- Weekly transaction recording
- Bank reconciliation
- Accounts receivable & payable management
- Financial reporting
Incorporation, Mergers & Acquisitions(M&A)
- Help you to incorporate your business
- Manage M&A activity
- Guiding in setting the right M&A strategy
- Support during and after the deal
Payroll Services
- Ensure timely payments to employees
- Record of employment (ROE) preparation
- Compliance with CRA & WSIB
- Year-end tax reporting – T4 slips
Tax Planning and Preparation
- Corporate Tax (T2) returns
- Plan to maximize deductions
- Tax Optimization
- Manage tax reporting requirements.
HST Filing
- Lowest tax possible
- Claim maximum ITC for every expense
- Forecast year-end HST liability to set up prepayments
CRA Audit
- CRA Audit Representation
- CRA dispute resolution
- Audit rescue™ from CRA
Business Advisory Services
- Strategic advice to improve financial performance
- Guide on budgeting and forecasting
- Business Strategy Development
Tailored Corporate Tax
- Personalized Tax Review Call
- Peace-Of-Mind Checklist
- Tax Strategy and Consulting
- Dedicated Qualified Accountant
Trusted By Toronto’s Up & Coming Businesses
We helped hundreds of businesses to incorporate and support mergers & acquisitions(M&A) activities, prepare financial statements, manage payroll, file corporate taxes, ensure compliance, reduce taxes, and save thousands of dollars.
See How Our Accountants Have Helped Businesses Like Yours.
ACCURATE FINANCIAL REPORTING
We prepare accurate financial statements to make informed business decisions and shield against CRA audits.
COMPREHENSIVE SUPPORT
Save time and money with proactive and consistent support in vast areas of accounting & tax.
TRANSPARENT COMMUNICATION
Keep our communications transparent and jargon-free to help you understand better.
Why Our Business Clients Choose SAL Accounting.
Only Pay When 100% Satisfied.
DATA ACCURACY AND SECURITY
Our secure cloud-based system stores all your accounting and tax-related data.
COMPLIANCE WITH ACCOUNTING GUIDELINES
Ensure strict adherence to accounting guidelines and regulations, keeping your business trouble-free.
AUDIT PROTECTION
You have the assurance that SAL accounting will cover CRA audit free of cost.
Why Choose SAL Accounting as your Accounting & Corporate Tax Partner?
Choosing SAL Accounting means selecting a partner who understands how to manage the book accurately and prioritises your financial well-being and privacy.
Industries We Serve in Mississauga: Accounting & Tax Services
Every industry is different, and so are their unique service requirements. We will help you whether your accounting and tax needs are large or small. Utilizing our accounting & tax services allows you to save time and money and navigate the complexities of tax laws in your specific industry, potentially saving time and resources.
Manufacturing
Mississauga is the hub of companies producing everything from consumer electronics to automobile parts. We will help the business in the manufacturing sector through us
accounting services, including
- Assisting in inventory valuation & management.
- Budgeting and forecasting
- Analyzing manufacturing processes to identify inefficiencies.
- Preparing financial statement
- Managing bookkeeping & payroll
- Provide business advisory services for growth.
Corporations in this sector must pay taxes on the money they make from selling manufactured goods. SAL accounting will help manufacturers detect industry-specific tax incentives and deductions and accurately prepare and file corporate taxes on profit and manufactured goods.
Retail
In the retail sector, we offer accounting and tax services in the following areas:
- Track sales, expenses, and inventory changes
- Cost control and profitability analysis
- Cash flow forecasting for better liquidity management
- Advice on business growth and expansion
- Filing tax such as GST/HST
- Managing bookkeeping & payroll
We also help maximize ITCs and set up prepayments for HST liability for retail businesses in Mississauga. Additionally, regardless of the size of their business, retailers pay taxes on their sales or HST earnings. We will help you file your taxes accurately and efficiently to avoid future issues and optimize sales tax reporting and compliance.
To learn more about our retail accounting services, please visit Bookkeeping for Retail Business in Mississauga.
Healthcare
We help healthcare businesses in the Square One Shopping Centre area to
- Manage patient billing.
- Collect insurance reimbursement.
- Prepare financial statements.
- Provide cloud-based bookkeeping.
- Handle tax preparation and filing, and
- Provide business advisory services.
These healthcare businesses include hospitals, clinics, pharmaceutical companies, and medical device manufacturers.
Technology
In Mississauga, software development companies, hardware manufacturers, and IT companies require specialized accounting and tax services. As a tech-savvy accounting firm, we handle all your accounting and tax tasks, such as –
- Identify and claim eligible R&D tax credits.
- Consult on revenue recognition and R&D tax credits.
- Assist you in integrating accounting software.
- Manage bookkeeping and payroll services.
- Financial statement preparation
Additionally, we advise you on R&D tax credits and other incentives to boost your business innovation.
Financial Services
Banks, investment firms, and insurance companies have specialized accounting and tax needs. We’ll handle the complexities of your financial transactions to ensure peace of mind. Our accounting and tax services for the finance industry include
- Maintain transactional records
- Automated bookkeeping
- Financial statement preparation
- Advice on interest and investment returns
- Maximizing your tax savings.
Furthermore, we will handle CRA audits, represent the CRA on your behalf, and resolve disputes with the CRA.
Real Estate
We understand property development, management, and sales tax implications for companies. We’ll help you to
- Navigate capital gains.
- Depreciate assets, and
- Handle rental income taxes
- Ensure you keep more profits.
Construction
Focus on building, not spending too much time on transactional tasks. We’ll assist you with the following-
- Estimate project costs accurately to ensure proper bidding and budgeting.
- Compare the actual cost to identify discrepancies and suggest improvement.
- Recognize revenue based on project progress.
- Handling bookkeeping and Payroll functions
- Prepare financial statements
Our CPA will identify tax-saving opportunities and put more money in your pocket.
E-Commerce
Mississauga’s e-commerce is booming, and we understand the unique challenges posed by your growing e-commerce business. We will handle everything you need for your e-commerce business, including the following.
- Integrate accounting tools like QuickBooks & Xero.
- Handle your HST and sales tax compliance
- Conduct in-depth financial analysis.
- Identify trends, opportunities, and areas for improvement.
- Cash Flow projection – forecast your liquidity.
How Will We Work Together With You?
A SIMPLE 5-STEP PROCESS FOR ACCOUNTING SERVICES
Step 1
BOOK A FREE REVIEW
We will understand your situation deeply and decide how to tailor our services to meet your needs.
Step 2
PROVIDE DOCUMENTS
To get started, use our checklist to gather & upload your documents to our secure drive.
Step 3
GET ON AN ONBOARDING CALL
Speak to your dedicated CPA to develop a personalized strategy to handle your matter and raise any immediate needs and concerns.
Step 4
ONGOING SUPPORT
Review and sign your tax return
Step 5
FINALIZE YOUR BOOKS
Review your books and ask for any clarifications. Once you approve, your financial statements are ready for publishing.
A Message from Our CPA
Complex accounting and tax matters can feel overwhelming. However, you do not have to face them alone. Get through it with our supportive, relatable team by your side. We take care of all of your financial needs, from incorporating business to financial statement preparation, payroll, and taxes efficiently and effectively. Our dedicated team is always accessible to respond to your inquiries and offer clarification as needed. Our clear and jargon-free communication sets us apart from other accounting firms. Consider us your company financial partners, dedicated to a hassle-free accounting & corporate tax experience. We provide updates and insights to keep you informed throughout the year.
M. SALMAN
Connect with Award Winning Accountants in Mississauga
M.SALMAN, CPA
Alex Hart
Sarah Zeyneb
Jazz Thind
FAQs: Accounting and Tax Services in Mississauga
What services does SAL Accounting offer in Mississauga?
SAL Accounting, an award-winning accounting firm in Mississauga, is unique due to exceptional client service and customized accounting and tax solutions focused on your business growth. We prioritize your needs, offering personalized services that address the unique challenges of your business. Our transparent communication, expert CPA guidance, and dedication to saving you money set us apart from other firms. We aim to establish a long-term relationship with you and become your financial management partner.
What makes SAL Accounting different from other accounting firms in Mississauga?
SAL Accounting, an award-winning accounting firm in Mississauga, is unique due to exceptional client service and customized accounting and tax solutions focused on your business growth. We prioritize your needs, offering personalized services that address the unique challenges of your business. Our transparent communication, expert CPA guidance, and dedication to saving you money set us apart from other firms. We aim to establish a long-term relationship with you and become your financial management partner.
How can a CPA improve my business's cash flow?
A CPA can advise you to manage your cash flow better by offering financial management, forecasting, and budgeting. This helps keep your business financially healthy.
What industries does SAL Accounting serve?
Sal Accounting provides accounting and tax services to almost all major industries, including manufacturing, retail, construction, finance, healthcare, e-commerce, etc. Our extensive expertise and experience in accounting & business tax, financial planning, bookkeeping, and GST/HST make us fit for all industries in Mississauga.
I need to improve my understanding of financial reports. How will your accounting services in Ontario benefit me?
Understanding financial reports can be overwhelming if you do not have a background in finance. At SAL, we understand it. We know how to provide clear communication and will give you more than just the reports and dashboards. We will tailor our services to your specific needs and comprehension level. We will discuss with you in simple terms and provide insight into financial statements to help you better understand your business’s financial conditions.
How can SAL Accounting help my business save on taxes?
Our CPA will identify potential tax-saving opportunities, evaluate tax risk and exposure, plan in advance to maximize deductions and ensure compliance with provincial and federal tax laws. We also provide proactive tax planning and strategies tailored to your business needs to minimize tax liabilities.
How do you assist my business with GST/HST and PST in Mississauga?
Indirect taxes are challenging to manage. To simplify it, we offer the following services: we will help you with Goods and Services Tax (GST), ensuring you claim the highest amount of Input Tax Credits (ITCs) on all expenses. We provide forecasting of your year-end Harmonized Sales Tax liability to help you set up the right amount of prepayments. We’re also experts in managing your Provincial Sales Tax obligations.
Which pricing plan is suitable for my business?
Choosing the correct pricing plan for your business is tricky and depends on your service requirements. We have both fixed-price services and customizable accounting solutions. Book a free consultation call; our team will guide you in selecting the best plan to meet your needs.
How do I know if my current accountant is right for my business?
Your accountant should provide clear, precise advice and communicate well. They should be proactive in finding tax-saving opportunities and ensuring compliance. It might be time to switch if they don’t meet these criteria.
What should I look for when switching accountants?
When switching accountants, check their experience and qualifications. Look for a CPA with a strong track record in your industry. Ensure they understand your business needs and have a proactive approach to tax planning and compliance. Look at the rewards or recognition and check the feedback from their past clients on review platforms like Google reviews.
Switching accountants in Mississauga is my biggest concern. Is it a hassle?
Changing accounting firms can be nerve-wracking. The transition will be smooth and hassle-free with the SAL Accounting Team. We will communicate directly with your existing accountant to transfer your financial data. You can also ask us any questions regarding the process. By doing all this, we minimize the turmoil and ensure you can move directly to a more complete accounting solution.
I'm not able to maximize tax deductions for my Mississauga business. Can your CPA help?
Our team includes a qualified Chartered Professional Accountant (CPA) located within working distance of the Square One Shopping Centre, Celebration Square, Kariya Park, and Living Arts Centre. Our experienced accountant’s in-depth tax knowledge of Ontario’s tax regulations, especially for corporate businesses, will ensure maximum tax deductions. We will identify all available deductions and credits, minimizing your tax burden and maximizing profitability.
Are your accounting and corporate tax services a good fit for all industries in Mississauga?
We handled a diverse range of accounting and corporate tax services for most industries along Highway 403 & QEW in Mississauga, including construction, manufacturing, healthcare, e-commerce, startup, and restaurants. We have already helped 200+ clients with 100% Satisfaction.
Our clients range from Streetsville and Jack Darling Memorial Park in the west to Lakefront Promenade Park and Port Credit in the south, Dixie Outlet Mall in the east, and as far north as Highway 401.