Our firm offers a wide range of services to our individual and business clients. Our clients benefit from personalized, quality service that is beyond comparison. We have listed the services that we offer to our clients, together with a brief description.
As the list below is by no means comprehensive, please feel free to inquire about a service if you do not see it listed.
Accounting & Assurance Services
In today’s fast paced economic climate organizations require solid management and financial controls in order to keep up with the changing face of business. The assurance services provided by our firm will provide you and other users of the financial statements with peace of mind that these controls are in place. This will allow your organization to grow, seek out new opportunities and enhance your attractiveness to outside investors. Our team of professionals are highly skilled in the preparation, review and auditing of financial information with the individual needs of each and every client in mind. The Partners of our firm are highly involved with all accounting or assurance engagement to ensure the highest quality of work, ethical standards and objectivity is being upheld. Our compliance services go further then the audit or review engagement itself, we can also provide you with any day-to-day accounting consultation and a thorough analysis of your business throughout the engagement to point out any potential risks, opportunities and areas that require attention. The accounting profession is becoming highly regulated and complex due to several large corporate disasters. Our clients do not have the time to keep abreast of all the changes in the accounting standards of today. Therefore our team of professionals are continually updating their knowledge base to ensure you do not have to. High quality financial information is a powerful tool in keeping your organization on track in achieving your goals. The following are some of the services provided by our firm:
* Audit engagements
* Review engagements
* Compilation engagements
* Assistance with accounting and control procedures
* Assistance with selection and operation of computerized accounting packages
* Statutory filings
* Bookkeeping services & assistance
* And other assurance engagements…
Consulting and Taxation
U.S. Personal and Corporate Taxation
We assist individuals and corporations with basic cross-border tax issues. Our services include basic personal and corporate tax return preparation, basic tax planning, representation, and basic structuring operations and transactions.
Business and Profit Development
In today’s competitive marketplace your business needs that extra edge to survive and rise above the competition. Our business advisors have a wealth of experience to help your business increase profitability by way of pinpointing your competitive advantage and developing strategies that will encompass that advantage. We work with you to identify the key elements of your business and how you can improve the efficiency and effectiveness of those areas. Together we will set goals, develop and test strategies, and measure your organizations progress step-by-step. The result is a business that works for you rather than a business that you work for.
Our experienced business advisors can offer strategic and practical consultation on all aspects of your day-to-day business management through the following;
* Preparation of business plans and financial proposals
* Budgeting, cash flow analysis and financial forecasts
* Business cycle management
* New Business Start-Up Consultations
* Develop financial and operational strategies and processes
* Consultation on accounting and financial reporting systems
* Risk Management Analysis: Financial, information technology and human resource risk management
Our valuation services will provide you with a tangible and reliable product to use to your benefit in business, personal or litigation matters. Valuations are a key aspect of many dealings of businesses and estate planning and it is important that the proper care is taken in providing these services. Our highly experienced business advisors will work closely with you and other professionals to ensure that these important matters are handled in a professional, efficient and effective manner.
The following are some of the various services we provide:
* Corporate and tax reorganizations
* Estate planning issues
* Family succession planning
* Loss and damage quantification
* Calculation of loss of income and profits
* Calculation of financial damages
* Future requirement costs
* Family law issues
* Net family property calculations
* Tax planning for settlement
* Future requirement costs
* Purchase and sale
* Valuations for the purchaser or seller
* Tax implications for various methods of transactions
* Goodwill valuations
* Shareholder agreements (Buy/Sell provisions)
* And various other valuation services…
The world as we know it today is very litigious, whether on a personal or corporate level. We are in the midst of a very fast-paced economic environment with increasing technological advances and with organizations that are becoming increasingly flatter by placing more dependence on their employees. Small businesses are a main example of organizations using technology and the trust of their employees in order to compete with larger organizations. With all this progress comes potential for security breaches, fraud, negligence and other various disputes. Our team of experienced professionals and advisors will help you in dealing with a wide range of these personal and business disputes. We will work with you in sorting through the issues and offer you clear analyses, reports and opinions in order to provide you with the support needed to come to favourable resolutions. The following are some of the various investigation and dispute resolution services we provide:
* Due diligence verifications
* Forensic accounting investigations
* Litigation support
* Business insurance consultation
* Damage and loss quantification
* Fraud investigation and preventative measures
* Risk management consultation
* Matrimonial matters
* And various other services…
Tax Planning and Preparation Services
Income taxation in Canada is growing increasingly complex and tax laws are continually changing depending on the political policies of the day. We all know that there is not one person, or organization that enjoys paying taxes though the one thing that we do know, is that taxes are inevitable. Whether you are an individual or a business, you are always looking for ways to reduce your tax liability but not everyone has the time or experience required to understand tax laws. We at HSM LLP have made it our business to understand these tax laws and use them to your advantage. With the increasing tax regulations and stricter adherence to the anti-avoidance rules by the government; tax planning, whether personal, corporate, estate or trust, is becoming that much more important to ensure that you are properly complying with tax laws and not paying more than your fair share of taxes.
Our firm offers individual, trust, estate and corporate clients with a wide range of tax services, including: * Preparation of personal, corporate, estate and trust income tax returns
* Corporate and personal tax planning
* Corporate reorganizations & windups
* Estate and succession planning
* Advice and assistance in tax disputes
* Advice on tax implications of family law matters
* Research & Development claims
* Payroll and sales taxes
* And other various tax services…
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company’s financial goals.
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.
A professional and objective business valuation is a necessary component of many transactions, such as purchase, sale or reorganization of a business, shareholder and partnership agreements, matrimonial settlements, or estate proceedings. Our experienced team will provide you with an objective and accurate valuation of your business assets and goodwill.
See Valuation Support Partners Ltd. www.VSPLTD.ca for your business valuation needs.