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RUL Accounting & Tax realizes the importance of the task you will entrust to us.  We will work around the clock to get the job done on time with efficiency and effectiveness, reliability of financial reporting in accordance with business laws and regulations.

We shall provide services in your premises or at our office depending on your needs in the following areas:


Accounting/Bookkeeping Services including:

  • Accounts payable (entry and payment)
  • Accounts receivable (entry and invoicing)
  • Sales tax processing (HST/GST/PST) 
  • Bank reconciliation
  • Inventory control
  • Payroll processing
  • Financial statement preparation and other financial reporting tailored to your needs.



Tax Services Including:

  • Tax preparation and planning
  • Addressing tax issues of individual and corporate clients - audit representation, back taxes owed
  • Payroll tax and CRA issues.



Financial planning including:

  • Financial projection - budgeting, forecasting and projected financial statement.



QuickBooks Services including:

  • Sales, setup, training, tips (via website) and support.



Business Consultancy including:

  • Assistance in identifying issues relevant to your business operations as well as developing practical and technically sound solutions through

    cost/margin and cost benefit analysis,

    SWOT (Strength, Weakness, Opportunities and Threats) analysis,

    big picture business analysis (holistic approach) to enhance profitability and growth.



Business Organization including:

  • Business set-up of organization (sole proprietor, partnership or corporation) and preparing business plan/feasibility studies for the prospective business of clients.

Current News

  • Maximize Business Tax Deduction

    As fiscal/calendar year Dec. 31, 2015 just ended, most businesses, either single proprietor, partnership or corporation are almost done in their accounting of their business receipts (to keep business records for 6 years for tax purposes) to come up with the following business related expenses. 

     
  • When is the Canadian taxes due date?

    For sole proprietorship or partnership, you shall declare your business income on your personal income tax return (T1) and pay any income tax due on or before April 30th of 2016 if your business fiscal year ended Dec. 31, 2015 – common in most businesses.

     
  • Analyzing Your Financial Ratios

    For any business to be successful, we need to constantly evaluate its performance by comparing it with company’s historical figures, with its industry competitors, and even with successful businesses from other industries. For a complete thorough examination of the company’s effectiveness, we need to look at more than just easily attainable numbers like sales, profits and total assets, we must be able to read between the lines of the company’s financial statement and make the outwardly insignificant numbers reachable and understandable.

     
  • Maximize Profits

    A company’s ultimate goal is to make money and keep it.  There are 3 profit margin ratios to measure how much money it generates from its total revenue or sales – gross profit, operating profit and net profit margin.

     

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Our Address:
38 Willowmount Drive
Toronto, ON, M1L 1Y1
Hours of Operation:
Mon. to Fri. 9am to 5pm
Weekends 9am to 12am