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When you are starting up, the best thing you can do to create a business plan is take the assistance of our accountant. Our accountant will give you realistic financial plan for your business idea, and its feasibility. When you hire our accountant and take their assistance, your chances of finding an investor becomes higher as they can see that you have put in serious efforts to make a realistic financial plan for your business. Also, your business plan will look more professional and also, right from the beginning of planning your business, you will have our professional guidance on the most important aspects of business.

Legal structure of your company

You will find our accountant websites and our accountants on call are also available. If you are starting up and want to know what kind of legal structure suits best for your business, we are accountants on call to go to. Our accountant websites will provide you valuable information about the different services we provide for a variety of businesses. Whether you are a sole trader, a proprietor, a LLC, or a corporate, our cloud accounting service can fit in companies of any size. We encourage you to install cloud accounting software for your companies, as it would be easy to integrate and update any internal service or process.


One of the most daunting tasks any business has to inevitably deal with is the paperwork. When you delegate this responsibility to us, we will handle all the legal and federal paperwork with regard to the finance, accounting, and taxation of your business. With help of cloud accounting service that we provide, your company will be up to date with the latest laws levied by the government with regard to taxes. We also update your company’s registration status with government agencies. If you look for reliable accountant websites, ours is bound to top the charts.

Hire before an audit happens

Most likely small businesses will not be audited by the government. But, just in case, if an audit happens, at this point of time you will need our assistance on how to go about the auditing process. If you already hire us before hand, the entire process will become easier and hassle free. Our professionals are accountants on call, that is, you can simply give us a call and hire our accountants. If you hire us, we most likely charge you extra for the auditing process.

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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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10 Jul 2015

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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