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Anyone who has started their own business is well aware that there comes a time when you end up doing everything yourself – from writing invoices to creating mails and not to mention the paid work as well.

As you expand your business, you eventually reach your human limit, and cannot do everything yourself. This is when you have to hire the services of another who can share the important work that you have. This is where accountancy roles come in, because concentrating on all the work leaves little time for you to think about the financial reports that have to be created.

Things to keep in mind when choosing an account

Ensure that the accountant is qualified to handle your business. There are always people who have obtained a degrees in the same field but to be sure that they can carry out the accountancy roles perfectly, you need to know whether they have don’t this kind of work before, if your job requires very little invoicing, and if you think an under experienced person could do this job easily, then go ahead with it. Also make sure that the remuneration to this person would also depend upon the experience they have in the industry. So it depends upon your budget and your work rules.

Why our services are at par with the best

When it comes to choosing an accountant, you have to ensure that you can have a proper professional relationship with them. We ensure that our clients receive a very intimate attention and that they receive our utmost care. Our staff is very professional and well adept at handling complicated accounts.

One of the very important things that come to the surface when choosing the right accountant is trust. This is a very essential thing because you are handling out your financial reports, and therefore trust is bound to be a factor. At 514accounting, we understand your need for security and even privacy. Our team is well trusted by several of our clients and we deliver promptly with absolute correctness.

We also present all the relevant documents for the accounting to be done properly. We work closely with your business management team and ensure that our communication is carried out on a proper interval so that your business not only gets the best accounting, but also thrives.

We keep you ready for all circumstances and if an audit is to happen, you can count on us.

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Gross sales are defined as the sales / revenues including taxes (GST, HST, and QST). When we remove the sales tax from the sales / revenues that is called net sales.
Long Term debt is any loans, liabilities or financial obligations lasting over one year. These amounts will not become due within one year of the balance sheet date. They will be capitalized on the balance sheet.
The governement provides a six month grace period to submit your incorporation taxes and registered company taxes, so for example if your year end is December 31st, you have till June 30th to submit your taxes.
Personal taxes are due by April 30th.

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How to Avoid An Audit

No business likes an audit. Not only is it a highly-stressful experience, even if you know you have not committed any sort of fraud, but the whole process will take time away from the running of your business. Of course, some audits can’t be avoided.

About Us

Since 2004, 514 Accounting has provided start-ups, small and medium sized businesses all over Montreal, Quebec and Ontario with affordable, reliable, and professional accounting and consulting services.

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  •   +514.712.3851
  •   +514.637.2019
  •   14B Rue Quinn DDO, Montreal, Quebec, H9B 1K6


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