Services

hand-drawn armchair icon
 

Accounting & Assurance

As your accounting firm, we start by learning all the unique aspects of your business and financial practices and apply our expertise and knowledge of accounting standards set out by CPA Canada. We then work with you to develop efficient accounting processes that take the stress away from record-keeping and reporting and look for opportunities to help businesses grow and succeed.

Our accounting and assurance services include:

  • Financial Statement Audit, Review and Compilation Engagements

  • Future Oriented Financial Information Compilation

  • Special-Purpose Audits

  • Monthly Accounting/Bookkeeping

  • Payroll Services

  • Advice on Complex Accounting Matters

hand-drawn empty pill bottle icon
 

Taxation

We all know taxes are a sure thing, but by optimizing purchases, transactions and your personal and business assets, Power and Associates can make sure you never overpay and always get the best return possible. Whether you’re a new entrepreneur just starting off or you need full-service advice on corporate structuring, we offer a wide range of tax preparation and minimization advice for businesses and individuals.

Our tax services include:

  • Income Tax Return Preparation

    • Corporate

    • Personal

    • Estates

    • Trusts

  • Tax Minimization Advice:

    • Corporate Structuring

    • Transaction Structuring (M&A/Financing)

    • Personal Financial Planning

    • Wealth Management

  • HST Returns and Reconciliations

 
hand-drawn aim target icon
 

Advisory

There’s no single way to run a business, but whatever your goals and objectives, we have the experience to help you get where you want to be. We’ve helped 100s of businesses of all sizes find the most efficient and effective processes and practices to optimize business structuring, operations, planning and financing.

Our advisory services include:

  • Business structuring

    • Sole Proprietorships

    • Incorporations

    • Partnerships

    • Joint Ventures

  • Strategic Planning

  • Mergers & Acquisitions

  • Financing

  • Business Plan and Financing Proposal Assistance

hand-drawn simplified needles in back acupuncture icon
 
 
hand-drawn armchair icon
 

Succession & Estate Planning

No one can predict the future, but you can plan for it. So when it comes time to retire or move onto something new, you need to be prepared and understand all the options - perhaps you'll transfer your business to family members, or maybe you'll sell to a promising employee or an outside investor. Whatever route you choose, the Power and Associates team can help develop and implement a succession and estate planning strategy that works for you.

 
power-associates-2021-150.jpg
knowledge.png
 

CPA Firms

A firm’s monitor must now be more independent than ever; as such now is the best time to seek outside help in this area to ensure you are in full compliance with quality control standards.

Our services include:

  • Monitoring - We can take the role of External Monitor, perform cyclical file inspections, engagement quality control reviews, financial statement presentation reviews, and complex transactions.

  • Financial Statement Presentation – We can take on the role of financial statements presentation reviewers and perform a high-level review of financial statements to ensure compliance with accounting standards and frameworks.

  • Preparation for Practice Inspection – We can take on a limited role of helping prepare your firm for its upcoming Association practice inspection.

  • Complex Transaction Accounting – We can take on the role of advisor to your firm when it comes to accounting for complex transactions (i.e. business combinations, derivatives, complex financial instruments, future income taxes, consolidations), providing a fresh independent set of eyes to review the accounting.