Small Business Accounting & Advisory Services
You have a great business idea and you are ready to execute. You have organized some capital and allocated your time towards growing your idea. Now you ready to take the big plunge into life as an entrepreneur! Success for small businesses starts with a strategic growth plan and clear steps toward a successful enterprise. For startups, having an accountant for your small business who can provide proactive accounting, tax and business advice plays a key role in your startup’s initial stages of development.
Small Business Advisory Services to Help Your Business Grow
At Bateman MacKay, we don’t just prepare your financial statements and income tax returns. Our business advisors support you at every step with comprehensive small business advisory, tax, and accounting services.
Review your business plan
Our advisors have years of experience across a wide range of industries. We will help you refine your small business plan and develop a solid roadmap for growth.
Assist in securing early stage financing
If you require that extra push of cash flow to execute your plan, we invite you to sit down with us. We understand what lenders require and will assist you in obtaining the necessary growth capital for your small business.
Establish a proper accounting system customized to your business needs
Don’t make the mistake of keeping your receipts in a shoebox or banker’s box until year-end. Our team can assist you to set up a proper accounting system that is suitable for your needs. Investing in a reliable bookkeeping and tracking system allows you to monitor your success at any point in time, not just at year-end.
Income and Commodity Tax Compliance
Do you know what sales taxes to charge, where to charge them, and when to file? We help you navigate complex tax rules and regulations, and explain how they impact you as a business owner and your growing company.
Tax Planning Advice
We provide early-stage tax planning advice on how to structure your business and handle incorporation. Our dedicated team of tax specialists can answer all your questions.
Review Tax & Government Incentives
We’ll review any available tax credits and government incentives to assist with your small business’s growth.
How We Have Helped Small Businesses
HST Registration for Equipment Purchase
- Problem: A small business wanted to invest in large equipment to increase revenue but was not registered for HST, leading to significant unrecoverable tax costs.
- Solution: Prior to the purchase, we registered the business for HST, allowing them to claim input tax credits (ITCs) on their equipment purchase and reduce their overall tax burden.
- Impact: The client recovered a substantial portion of their costs through ITCs, improving cash flow and enabling them to invest in growth without unnecessary tax expenses.
Proactive Issue Identification
- Problem: A small business lacked a structured financial reporting process, leading to undetected discrepancies and potential compliance risks.
- Solution: Our team proactively identified financial reporting issues, provided corrective measures, and implemented a streamlined reporting system to ensure accuracy.
- Impact: The client avoided costly errors and improved financial clarity, enhancing their ability to make informed business decisions and maintain compliance.
200+
Audits Completed
47
Industry Experts
100%
In-House Capabilities
Award Winning CPA Firm
Our major awards from Great Place to Work and Inside Public Accounting feature distinct pillars of our success. Combined, they highlight our ability to create a great place to work and holding ourselves to the highest industry stands while running a successful, growing business.
How We Can Serve YOU!
Mature & Stable Business
Well-established companies with a consistent market presence and reliable revenue streams.
- $10million + in revenue
- Multiple entity structure
Mature & Stable Businesses
Growing Business
Growing while focusing on increasing market share, scaling operations, and possibly exploring new markets
- $2-10 million
- a need for increased infrastructure, workforce expansion
- managing new product lines or services
Growing Businesses
Small Business
Smaller enterprises, often with a localized market focus and a lean operational model.
- Less than $2 million
- a simple organizational structure, with fewer employees and limited requirements.
Startups & Small Businesses
Regulated Professional
Medical professionals, lawyers and others operating in professions governed by regulatory standards and ethical codes.
Accounting for Regulated Professionals
Our Services
Bateman MacKay LLP is a full-service accounting firm offering corporate tax planning and compliance, accounting and assurance, and business advisory services, with clients from small businesses to growing and mature enterprises.
With offices in the west Greater Toronto Area, we serve companies across Canada.
Assurance and Accounting
The details of your business matter. As a CPA-led service, Accounting and Assurance allows you to attain clear, impactful financial data, offering fiscal awareness to gain a deeper understanding of your business operations and how to take them to the next level.
Accounting Solutions
Tax Services
Our Tax Consultants create and execute customized tax solutions and corporate tax planning tailored to each client’s unique needs. Let Bateman MacKay provide strategic tax planning, guidance, and mentorship to help you grow, protect, and preserve your business.
Tax Planning & Consulting
Mergers and Acquisitions
Our team offers a comprehensive suite of M&A advisory services addressing the myriad complexities of Mergers and Acquisitions with strategic tax planning, business valuations, and financing strategy.
M&A Advisory Services
Business Advisory and Consulting Services
Our experienced business advisors identify strengths and weaknesses, address opportunities, and work with you to build a foundation that supports today’s business goals and establishes a target for the future.
Business Advisory Services
Latest News
Stay Up-to-Date
Stay informed with our in-depth articles, market updates, and practical tips to help you navigate the financial landscape and achieve your business goals.
Frequently Asked Questions
- How can Bateman MacKay support my startup’s growth plan?
Our advisors review your business plan, helping establish growth strategies and secure financing to position your startup for long-term success.
- Why is it important to set up an accounting system early?
A customized accounting system enables efficient tracking of financial progress, ensuring you can monitor success at any point throughout the year.
- How does Bateman MacKay assist with tax compliance for small businesses?
We guide businesses on income and tax compliance, helping you understand charging, filing, and the impact of taxes on business operations.
- What tax incentives and planning options are available for small businesses?
Our team identifies applicable tax incentives and offers early-stage tax planning, including advice on structuring and incorporation.
- How can Bateman MacKay help with early-stage financing for startups?
We assist in securing the necessary capital, preparing your business to meet lender requirements and obtaining the financial support needed for growth.
- What tax deductions can small businesses claim?
There are numerous eligible deductions available to small businesses, including startup costs, home office expenses, professional fees, and more. Our small business tax planning helps ensure you maximize all potential deductions.