Financial Statements

Bookkeeping

Payroll

GST

PST

FINANCIAL STATEMENTS (Compilation)

​A compilation engagement is the compiling of a company’s records into financial statements, without any assurance opinion provided on these statements. These may be required by your bank, or by a company’s shareholders, directors, or may be used for tax purposes. 

Generally, the financial statements under compilation engagement are not prepared under an accounting framework. Accordingly, limited note disclosures may be included in a compilation engagement.

See the Assurance Services page for audit or review engagement services offered by
Equinox CPA.

BOOKKEEPING

​Bookkeeping is the process of recording and maintaining a record of financial transactions.  These transactions may include sales, purchases, expenses, loans, receivables or payables, etc.

A critical element of bookkeeping is developing an accurate and relevant chart of accounts. In addition, the maintenance of source documents for these transactions is also an integral part of bookkeeping.   

Equinox CPA can assist you in maintaining professional bookkeeping records, and in monitoring and analyzing business performance.

PAYROLL

Payroll involves accurately:

• Calculating payroll for all employees, including salaries, wages, bonuses, benefits and source tax withholding.
• Remitting the deductions to the CRA in a timely manner.
• Filing record of employment.
• Filing information slips and returns.

Do you require assistance with calculating, maintaining, remitting, and filing your payroll deductions and reports? Equinox CPA  can  assist you in making this a hassle free process, so you can focus on your business.
 
Also, see Tax Services for T-slips and information slips.

GST, PST, WCB, or PSB Rebate

If you make taxable sales, leases or other supplies in Canada, and are not a small supplier, you may be required to calculate, file and remit GST. In addition, you may be able to claim input tax credits to recover the GST paid on your purchases/expenses. Certain exemptions may apply.

Alternatively, if you are charity or a non-profit organization, or a public service body, you may be able to claim a rebate on the GST on eligible expenses.

​Additionally, if you purchase taxable goods or services, you may also be required to register for, charge, collect, and remit PST in British Columbia. Certain exemptions may apply. 

​Contact Equinox CPA today to determine how these requirements may apply to you.