Helping you increase your profit
Making it through the challenges of starting your own business is a heavyweight task. The thrill brought on by realizing your vision and the negatives arising day-to-day consume every second of your existence. But the rewards outweigh its risks, so it is an adventure after all.
Administrative work tends to overrun when setting up a new business, and one of the biggest areas is bookkeeping. This mistake can lead to legal incorporation issues, or even attract the attention of regulatory bodies like CRA which could enforce an audit.
After all, when resources are scarce and expenses high in the early days of business life, keeping a close eye on your cash is absolutely critical. Here is exactly why utilizing expert accounting services from the beginning really matters.
In a market marked by constant change accompanied with rapid technological enhancements, we ensure your business leads with a state-of-the-art approach in managing resources supported by finance experts. LSP Canada Financial Accountants keep Financial Details in Check – From accurate bookkeeping and strategic tax planning, to payroll management and staying compliant with the ever-changing rules, we take care of those important financial details while you get on growing your business.
Here are the services LSP Canada offers to support startups:
1. Accounting Infrastructure Review and Process Implementation
- Evaluate current processes and recommend improvements.
- Implement efficient software solutions and automation to enhance control and accuracy.
- Provide training to your team for seamless integration.
- Data entry, transaction review, and bank reconciliation.
- Expense identification and management using QuickBooks Online.
- Customized management reports and advisory support for financial decisions.
- Accounts payable management and tax filing services.
- Monthly financial reporting and performance analysis against budget.
- Cash flow management and forecasting to support strategic planning.
- Collaboration with management for specialized reports and fundraising initiatives.
- Assess and confirm the financial health of your entity.
- Prepare attestation letters for various purposes, including employee immigration.
- Technical tax preparation and advisory for Scientific Research & Experimental Development (SR&ED) claims.
- Advisory and procurement services for government grants.
- Guidance through eligibility assessments and claim processes.
Navigating the complexities of starting a new venture requires more than just passion—it demands strategic foresight and financial acumen. Our startup advisory services at LSP Canada are designed to provide you with the guidance and tools you need to make informed decisions and achieve sustainable growth.
Financial Advisory Services
Our experts specialize in helping startups navigate financial challenges and capitalize on opportunities. From SR&ED claims to business consulting, forecasting, and budgeting, we create robust financial models that drive profitability and strategic planning.
Accounting Services
Accuracy and transparency in financial reporting are paramount for startups. We offer comprehensive accounting services that include preparing financial statements, conducting audits, and reviews. Our advanced accounting software and proven processes ensure every transaction is meticulously categorized and easily traceable.
Tax Services
Navigating tax obligations can be daunting. With our tax services, you can rest assured knowing that your personal and corporation taxes, HST, payroll taxes, tax planning, and advisory needs are expertly managed. We provide proactive strategies to optimize tax efficiency and compliance.
Incorporation
Incorporating your startup is a critical step in protecting assets and minimizing liabilities. Our incorporation services are tailored to your business needs, offering tax relief opportunities and ensuring compliance with regulatory requirements.
Bookkeeping Services
Maintaining accurate books is essential for financial clarity and operational efficiency. Our team of proficient bookkeepers specializes in keeping your practice finances in order, ensuring your books and records are up-to-date while you focus on growing your business.
Partner with LSP Canada to leverage our specialized expertise and dedicated support tailored to startups. Whether you’re just starting out or looking to expand, our comprehensive services are designed to empower your entrepreneurial journey. Contact us today to discover how we can help you build a strong financial foundation for lasting success.