Premium Bookkeeping and Accounting

Managing the operations of a business and ensuring your finances and taxes are done right can be time-consuming. At Premium Bookkeeping & Accounting, we help you get your business finances right and file your taxes on time. We provide various accounting services backed by years of experience and professional expertise.

Our one-stop accounting solutions include:

Bookkeeping & Accounting Services: We integrate business finances with accounting software to record all transactions and prepare accurate financial statements.

Tax Preparation and Planning: Our team of accounting professionals ensure your business taxes are filed on time, and we help you maximize your tax returns.

Business Advisory Services: We offer financial advisory services to help your business navigate growth, accounting software implementation, business strategy and planning.

Personal Financial Planning: Our expertise includes analyzing business and personal finances to ensure proper tax planning and financial management.

We partner with your business to provide all-around accounting services from payroll to tax preparation, and we’re here to help you save time and money through innovative solutions and effective financial planning. Contact us to schedule an accounting and taxation strategy consultation.

Premium Bookkeeping & Accounting Services

The Importance of Accurate Bookkeeping

Accurate bookkeeping is essential for business accounting. The quality and completeness of your business’s financial reports begin in the initial bookkeeping process. It is essential to apply expertise and professionalism in your bookkeeping process. Premium Bookkeeping & Accounting takes pride in our years of experience, professionalism and expertise.

Our Bookkeeping Services

Premium Bookkeeping & Accounting offers full-cycle accounting solutions. Our comprehensive accounting services include:

General ledger maintenance: We ensure your business captures all transactions accurately and appropriately records debit and credit entries. Our services include accounting software integration to enhance the bookkeeping process and create sub-ledgers that flow seamlessly to your business’s trial balance and general ledger.

Accounts receivable and payable: At Premium Bookkeeping & Accounting, we understand that record keeping is essential for your business to run successfully. We ensure your business bookkeeping includes a complete repository of accounts receivable information, such as customer details, sales receipts, and sales invoices. Our team of accounting professionals work with your company to ensure you record and maintain accounts payable vendor details, purchase orders and invoices.

Bank reconciliations: Our services include accounting software integration that helps reconcile your business cash transactions to your general ledger cash and bank accounts. Our bank reconciliation services ensure we account for deposits in transit, outstanding and returned checks, and unrecorded cash transactions to prevent errors and fraud.

Financial reporting: We provide businesses with extensive bookkeeping services and financial reporting solutions. We help your business prepare accurate external financial reporting and management reporting. At Premium Bookkeeping & Accounting, our expertise includes preparing balance sheet statements, income statements, and cash flow statements.

Why Choose Premium Bookkeeping & Accounting?

Experience and Expertise

The company founder, Caroline Morin possesses extensive years of experience serving the Northeastern Ontario communities including the New Liskeard, Kirkland Lake and Temagami communities. Clients from right across Canada benefit from the experience and expertise that Caroline Morin delivers. The team is dedicated to providing the best solutions for your business accounting and taxation needs.

Our team of accounting professionals is committed to engaging in continuous professional development and keeping abreast of industry policies and taxation changes to provide your business with effective bookkeeping and accounting services. We consult with clients to determine their accounting needs to provide bespoke bookkeeping, payroll, taxation, software integration, and management reporting solutions. We provide expertise across multiple industries, including financial services, telecommunication, farming, professional services, retail, and information technology.

Whether you run a sole proprietorship, partnership, or incorporated business, our experienced team of accounting professionals provide comprehensive services to help your business run smoothly.

Client-Centric Approach

Premium Bookkeeping & Accounting adopts a client-first approach. We understand that no two clients are the same, and we dedicate our resources to understanding your needs to allow us to create bespoke solutions. We focus on building strong client relationships and offer timely bookkeeping and taxation solutions while maintaining clear and constant communication with our clients.

Our years of experience providing accounting and bookkeeping solutions to the local community allows us to be the best at what we do. We keep an open line of communication even after your needs are met, as this ensures we promptly respond to after-service requests.

Confidentiality and Security

Our team of professionals employs ethical practices when dealing with our clients. We understand bookkeeping and accounting services involve confidential information. We adopt safe data handling and security processes to protect sensitive financial information.

Through continuous professional development, the Premium Bookkeeping & Accounting team engages in constant training to learn updated best practices in data and information security. We ensure your business finance records are safe and are shared with only authorized parties, such as the Canada Revenue Agency, for tax filing purposes.

Tax Preparation and Planning

At Premium Bookkeeping & Accounting, our services include:

Individual tax returns
Corporate tax returns
Partnership tax returns
Trust and estate tax returns
Tax Planning Strategies

Our tax planning begins at the start of the tax period, allowing us to proactively identify strategies to minimize your business’s tax liabilities and file your taxes on time to avoid penalties.

We ensure best practices for record-keeping for the CRA and respond to CRA tax inquiries. Our team of accounting professionals identify all applicable tax-saving opportunities and ensure your business claims expense deductions such as insurance, bank interests, professional fees, utilities, transportation, and advertising.

Our priority is that your business always complies with tax laws and regulations.

Business Advisory Services

Our comprehensive business solutions provide strategies for:

Business startup and incorporation
Business planning and strategy
Cash flow management
Financial forecasting

We help your business thrive by providing industry-specific expertise. Our team of accounting professionals have years of experience assisting clients in healthcare, construction, retail, and the public sector grow through tailored strategies for financial planning, forecasting, and cash flow management.

We have a solid track record of partnering with businesses to identify financial strategies for growth and expansion. Whether you need business startup or incorporation services, we provide adequate support for a successful operation. Our team of professionals prepare financial reports and financial statements modelling to help businesses maximize profit and cash flow.

Personal Financial Planning

Our financial planning services include:

Budgeting and cash flow analysis
Retirement planning
Investment planning
Debt management

Take control of your business and personal finances. We cater to clients with sole proprietorships, partnerships, and incorporated businesses and provide custom solutions for financial planning to suit individual and family needs.

Our financial planning services ensure your taxation and investment goals are aligned now and in the future. We consider your short-term and long-term goals to provide personalized financial advice to our clients to achieve retirement and investment goals.

The team at Premium Bookkeeping & Accounting ensures you maximize tax-saving opportunities with government-registered accounts such as the registered retirement savings plan (RRSP), tax-free savings account (TFSA), and first home savings account (FHSA).

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