The first year of your divorce means that you are now responsible for you doing your own taxes and it can be a little bit confusing. You have to declare what your marital status is and if you are separated or divorced then you will be filing as a single individual.
Running a small business takes time and dedication, and if you’re like most small business owners and managers, you’ve already got a lot on your plate. Why add accounting to your ever-growing list of responsibilities when our team is on hand to help? At Accountable Business Services (ABS) ABSPROF, we offer a variety of small business accounting services to local organizations in and around Edmonton, AB.
Welcome to Accountable Business Services (ABS) ABSPROF which is an Alberta famous Accounting firm for self-employed individuals and Home Based Business owners. Accountable Business Services (ABS) ABSPROF is the Edmonton’s most efficient Accounting, Bookkeeping and Income Tax (T1 & T2) Preparation and e Filing service provider.
Thank you for visiting our web page. We are very proud of the quality of services that we provide and hope that by reviewing our website, that you acquire an understanding of who and what we represent.
Accountable Business Services (ABS) ABSPROF is an Accounting and Tax Firm located in Alberta offers Accounting and Tax Services in Edmonton, Calgary, Red Deer, St Albert, Strathcona County, Lethbridge, Medicine Hat, Fort Mcmurray, Grande Prairie, Airdrie, Banff Canmore, Lloydminster and all over Canada on a very affordable rates. We delights helping simple to complex clients with their accounting, financial, and Tax (T1 & T2) needs. We are able to help clients who are either employed or run a business in a variety of industries.
As Tax (T1 & T2) preparers and Tax (T1 & T2) consultants, we want to ensure your Canadian corporation, trust, or individual Tax (T1 & T2) matters are attended in a timely and effective manner. Meeting Canada Revenue Agency (CRA) reporting requirements is key to Tax (T1 & T2) compliance and success. Such informational returns, we will file to CRA on your behalf are Income Taxes (T1 & T2) along with related income and deduction schedules, farm programs, trust returns, estate returns, GST, T slips, payroll, and CRA Tax reviews just to name a few.
The Small Business Deduction is a Canadian Income Tax (T2) Deduction available to Businesses that were Canadian-Controlled Private Corporations (CCPCs) throughout a particular Tax (T2) year. It cuts back the Part I Tax (T2) that a corporation would have to pay otherwise.
CCPC is a private corporation that is incorporated in Canada (Canadian resident) with perfectly no direct/indirect foreign control or public corporation, or listed on a foreign or any stock exchange.
Effective January 1, 2008 the Small Business Deduction rate is 17% federal Tax (T2) rate on active business income, dependent on the level of income (currently the limit is CAD$500,000); which would otherwise be between 15% to 28%. In other words it applies to the first $500,000 of a corporation’s income.
Active Business includes any business/trade income other than income from property, such as: rent and royalties, etc.; or a corporate that provides personal services, or has less than 6 full-time employees.
Small businesses are frequently in the right industry and have the potential to develop but are often bounded and suppressed by not looking of the financial management of the business. They have the misapprehended belief that only corporations and big businesses should take care for financial details, as Small Businesses should not emphasize over small financial matters. This cannot be more from the reality.
Accountable Business Services (ABS) ABSPROF located in Edmonton AB offers Small Business Accounting Service in Edmonton, Calgary, Red Deer AB at a very pocket friendly rates. We specialize in providing Accounting and bookkeeping Services to Small Business. In addition, we propose self-employed persons on startup situations. We advise you on structuring and Tax planning considerations during the start-up or learning phase. Our work is performed with due diligence and care. We ensure that your business is provided with timely and relevant data to help you arise in the market.
Organized, accurate Accounting and Bookkeeping is crucial for any business. You must keep a complete record of all your income and expenses. If you can’t maintain your financial records on your own, consider hiring a qualified, experienced Accounting or Bookkeeping expert to do it for you – it’s often well worth the investment.
As a Small Business owner you have more important things to do than keep your own Books or perform Payroll functions. Your time is better used for generating sales, prospecting new business opportunities, improving products or services, or servicing customers. We offer Accounting Bookkeeping and Payroll solutions that meet your business’s needs and enable you to spend more time doing what you do best–managing your business.
By becoming your trusted business advisor and going “beyond accounting”, Accountable Business Services (ABS) ABSPROF help you succeed in achieving your business objectives. Accountable Business Services (ABS) ABSPROF is one of the leading Accounting and Bookkeeping Professional service, which offers Accounting and Bookkeeping Services in Alberta specially Edmonton Area, St Albert, Strathcona County, Calgary, Red Deer, Lethbridge, Medicine Hat, Fort Mcmurray, Grande Prairie, Airdrie, Banff Canmore, Lloydminster and all over Canada at affordable rates. When you engage our services, we not only keep your Books and process your Payroll, but we help you improve your Financial Condition, Profitability, and Cash Flow!
At Accountable Business Services (ABS) ABSPROF we mix big business service with a hometown atmosphere to deliver top-notch results from Tax Professionals that understand the needs of their clients from the individual to the corporation. With several locations in US like Houston, Atlanta, Miami, Orlando, Dallas, Houston, Fayetteville, Seattle, Montana, Los Angeles, San Francisco, Las Vegas, Washington DC, San Diego, Accountable Business Services (ABS) ABSPROF has started to serve clients from Pennsylvania to California and many other states.
Accountable Business Services (ABS) ABSPROF is committed to customer satisfaction and we utilize the latest in technology (Cloud Accounting / Paperless Office) to customize our service to fit our client’s needs while assuring the utmost security. We are a full service Accounting and Tax business, dedicated to professionalism, integrity and transparency. Our doors are open to your needs as they arise because many situations have Financial and Tax implications. Our US partner office is located in Houston, TX.
While there are many Tax Returns (T1 & T2), Accounting, Bookkeeping and Business service providers offering their services in Alberta specially in Edmonton, St Albert, Strathcona County, Calgary, Red Deer, Lethbridge, Medicine Hat, Fort Mcmurray, Grande Prairie, Airdrie, Banff Canmore, Lloydminster and all over Canada but none can match Accountable Business Services (ABS) ABSPROF unique combination of experience, expertise and personalized service on very affordable rates.
Our expert team of accounting and other financial services have decades of experience in the business (both corporate and proprietor/partnership) and financial services industry. We are able to draw from that experience to help your business become more efficient and make more money.
We take the time to fully understand your business, and to show you how to use your financial information to make smart and timely business decisions. We’ll also help you determine the level of service that’s right for you and ensure that you only pay for the services you require.
Accountable Business Services (ABS) ABSPROF works exclusively with Dairy Farmers performing dairy and Agriculture Accounting. We realized that there was a fantastic need by the Dairy Farm community for exact Farm Records, Bookkeeping, Payroll Assistance, and Tax Planning, Preparation and Filing. Without appropriate records and financial statements, many in the dairy industry struggled to obtain much needed financing to maintain or expand their operations. ABS developed a very unique niche in the market and filled the gap that our clients urgently demanded to succeed.
Accountable Business Services (ABS) ABSPROF offers Farming and Agriculture, TaxPlanning, Preparation and Filing Services in Alberta specially Edmonton Area, St Albert, Strathcona County, Calgary, Red Deer, Lethbridge, Medicine Hat, Fort Mcmurray, Grande Prairie, Airdrie, Banff Canmore, Lloydminster and all over Canada on a very low cost.
Accountable Business Services (ABS) ABSPROF is more than the typical Accounting firm. While we do provide traditional Accounting Services, we also offer other business consulting services to clients throughout Canada. Our experienced team strives to become trusted business advisers by guiding clients throughout their business lifecycles. We serve companies across various industries by providing proactive, groundbreaking and extensive solutions. At Accountable Business Services (ABS) ABSPROF we believe building trust with our Farming and Agriculture Clients are essential to helping them reach their goals.
Accountable Business Services (ABS) ABSPROF is; an Accounting & Tax Solutions provider based in Edmonton, Alberta. We are a fully virtual, 100% Cloud-based, 100% Paperless Accounting service. By combining the state of the art Cloud Accounting Software and a modern mindset, we help move your accounting out of the dark ages and into the future. Expect convenient and accessible service thanks to the power of the Cloud. As your Cloud Accounting experts we are here to save you from your accounting worries.
Accountable Business Services (ABS) absprof offers services in Alberta including Edmonton, St Albert, Strathcona County, Calgary, Red Deer, Lethbridge, Medicine Hat, Fort Mcmurray, Grande Prairie, Airdrie, Banff Canmore, Lloydminster and all over Canada at very affordable rates.
Our aim is to reduce the burden of critical non-core functions by managing them in a more efficient, productive, and profitable manner. By doing so, we seek to support and enhance the business performance of our customers.
Managed Accounting with us is cost efficient. You get a dedicated team for similar or less than what it would normally cost to hire one in-house book keeper. Accountable Business Services (ABS) absprof started with an idea of providing financial expertise to Small, Medium and large-size Businesses.
It’s no secret that many of you would rather squeeze your eyes out rather than spend one extra minute on your Accounting. It’s time-sucking, administrative and takes away from your focus on the big picture. With the correct tools in place whilst, you can make your life a whole lot easier.
Still stuck using some old, obsolete, frightful looking piece of desktop Accounting Software when managing your financial affairs? It’s time to upgrade. Let’s have a look at the best online Accounting Software for your small business.
Accountable Business Services (ABS) absprof wanted to give a brief update about what we feel is the best online Accounting Software for small businesses in terms of:
1. Xero
Xero’s appeal lies in its simplicity and in its ease of use. Does it have every single possible feature that an Accounting System should have? No. Xero was not designed to have a billion features. Instead, Xero was designed to act as a very strong core for all Accounting related functions.
For things that Xero cannot accomplish, it has a pretty deep marketplace of third party integrations that allows you to integrate different web apps into Xero. The benefit there is that you can come up with a pretty modular approach to your Accounting depending on what your business processes look like. Xero recognized that you can’t be everything to everyone and as such they focus on the perfecting the core Accounting functionality that every business needs. Anything that’s needed over and above that can likely be found via a third party app that would integrate into Xero. The cool thing about that is that you can always change your system as your business grows.
These days, everyone is trying to automate everything. Xero is no different in that they are trying to automate as much of the Accounting process as possible. By connecting to your bank and credit card accounts, much of the manual data entry can be eliminated as Xero automatically sucks in these transactions. Other automation features include automatically emailing out recurring invoices to clients, speeding up collections and automatically marking sales invoices as paid through a Stripe or Paypal integration, auto-reconciliation possibilities with certain transactions, creation of bank rules to automate transaction classifications and a whole lot more.
Additionally, from an Accounting point of view, the collaboration that we have with our clients is much easier through some of the features that Xero provides us with. We can have certain discussions in-app rather than having to go back and forth by email for instance. This interprets to increased time savings for businesses due to the voiding of email communication for more detail oriented items. Any time email can be eliminated, both parties come out happy.
Canadian businesses will have to settle for a global version of Xero, but with a bit of configuration, the system is perfectly suitable for Canadian purposes.
QuickBooks Online
Intuit, creator of QuickBooks, has had a strangle hold on the North American market for years now. They are no doubt the most well-known Accounting System among small business owners in Canada.
Intuit has poured a ton of resources into their cloud product and it really shows. They definitely know where the future lies. The User Interface (UI) looks better than ever and the app is just about as dashing and responsive as Xero’s for the most part.
The gap between Xero and QuickBooks Online (QBO) has definitely closed. One of previous major complaints about the product was that it was unable to connect properly to external third party apps. While this might not be important to some out there, it’s certainly important to us and to anyone else that wants a beautiful streamlined accounting system in place.
Leveraging the third party app ecosystem allows business owners to not only save time by putting more streamlined processes in place but to also improve visibility of their financial matters through the addition of more advisory oriented apps like Fathom (for KPI analysis) or Float (for cash flow projections). A year ago, QBO had almost no third party integrations. Today, they are matching Xero not in quantity but quality, as they have added some of the most popular apps to their marketplace. The integration points are not yet quite as strong as Xero’s, which translates in certain integrations not working as well as Xero’s, but I see this gap closing in due time as well.
Although QBO provides most of the same features that Xero provides (maybe even a little more), it’s clear that Intuit is in a transition phase between their wildly popular desktop product and their emerging cloud product as some of the interface in their online system is still a bit inconsistent, leading to a lessening of the overall experience.
On the plus side, QBO is far more regionalized than Xero, meaning, it’s a bit better configured straight out of the gate when it comes to matters like sales tax and check printing. The fact that Intuit has a physical presence in Canada (and a super cool team to boot!) means that this presence is felt in their product.
Additionally, QBO has basic payroll functionality baked directly into the app. You can calculate payroll deductions and have that information automatically entered into the Accounting System which is basic payroll functionality that Xero sorely lacks.
QBO has definitely raised their game when it comes to their online Accounting System. Expect them to keep pushing this as their go-to product.
Freshbooks
In our opinion, Freshbooks is not a direct competitor to the software listed above. Freshbooks is intended for a different market. If you’re a solopreneur, a consultant or a freelancer that has a non-incorporated business, then Freshbooks is probably a good match for you.
Out of the apps listed in this article, none of the others can touch Freshbooks in terms of its simplicity and that’s simply because Freshbooks is not a full blown Accounting System. Non-incorporated businesses do not require a full set of financial statements. They merely need to track revenues and expenses and Freshbooks does this with great ease. The app has barely any learning curve whatsoever as raising sales invoicing and logging business expenses is pretty straightforward.
There’s some nice automation possibilities as Freshbooks can connect to your business bank and credit card accounts to download transaction information as well as some pretty cool auto-billing functionality for those that want to setup recurring billing and invoicing once and never have to worry about it again.
What we sometimes do is connect Freshbooks to Xero when we need some more robust invoicing capabilities for incorporated business, especially for businesses that bill by the hour as Freshbooks has excellent time-tracking abilities.
Overall, Freshbooks is a very enjoyable product to use and we would recommend it for a non-incorporated business that simply needs to track revenues and expenses.
Which Software is Right for Your Business?
There are a ton of options out there when it comes to online Accounting Software and the list above is certainly not exhaustive. When it comes to selecting the right system, it’s always wise to test things out and to gain an understanding of what might be best Software for your business before implementing something as putting the wrong system in place could have the opposite effect of what one may be looking to accomplish. With the right system in place, you can shave hours each month off of your Accounting and receive visibility into your business like never before, so choose wisely before you go ahead and implement something.
If you are interested in hiring the Online Accounting and Tax Services from Accountable Business Services (ABS) absprof than Contact Us thru our contact details given below:
Contact Details
Accountable Business Services 9905 104 St NW T5K 2G5 Edmonton
Support Call: 1-888-556-7864
Fax Number: 780-669-7960
E-Mail: [email protected]
Website: https://absprof.com/
Carrying a Small Business takes time and commitment. But if you are like most Small Business proprietors and managers, you have already got a lot on your plate. Why add accounting to your ever-growing list of duties when our Small Business Accountants Services team is on reach to assist? At Accountable Business Services, we offer a mixture of Small Business Accountants Services to Small Businesses in and around Ottawa Edmonton, AB, St Albert, Strathcona County, Calgary, Red Deer, Lethbridge, Medicine Hat, Fort Mcmurray, Grande Prairie, Airdrie, Banff Canmore, Lloydminster and all over Canada on Catchpenny (Cheap) Price.
There’s no doubt that accounting is of key importance to the success of any business. A Small Business Accountants Services from Accountable Business Services (ABS) can audit your books, balance your ledgers, and go through all the number-crunching to save your business revenue and aid you hold your bottom line.
Our accounting experts enjoy working with Small Business representatives and owners like you. We pride ourselves on being reachable and gentle to work with; and we take great pride in our loyalty to customer satisfaction.
Cloud Accounting provides the ability to care your small business accounts online without the demand for offline storage or applications. There is no local installation on your server and you may approach your accounts from anyplace with an internet connection.
The welfares of cloud accounting as a solution are practically boundless, and peculiarly for a small business, converting to the cloud can allow an alternative to crunching numbers, which apparently is a nightmare because it can be puzzling and time consuming. Many businesses are choosing to cut down time being spent on accounting and instead turn to focus on their core business operations.
Location independent: The ability to run your business and access your accounts from work, home or on the go.
Collaborate online: Invite other business partners to view your accounts and provide valuable real-time advice.
Private and secure: Your data is completely secure even if your computer is lost or stolen.
Automation: Get your bank, credit card and PayPal statements imported and categorized automatically.
Reduction in errors: Automation provides a reduced need for manual entry of transactions which typically would include costly human error.
The Accountable Business Services (ABS) works with Individuals, Small, Medium and Large Enterprises across the Ottawa, Alberta, Edmonton AB, St Albert, Strathcona County, Calgary, Red Deer, Lethbridge, Medicine Hat, Fort Mcmurray, Grande Prairie, Airdrie, Banff Canmore, Lloydminster and Canada on a Piffling (Little) Rate. like you who have a trouble with handling their finances and knowing how much money to set aside for tax. You are comfy with addressing your business via the web, email and Skype, but you don’t want to pay thousands to a face-to-face accounting expert to take care of things. What we do is provide an online Accounting Services which is bespoke to you.
You will receive proper tax planning from our experienced accounting expert to assure that your tax affairs are integrated with efficiency and you’re not allowing unnecessary money on the table for the taxman. Your job is to manage the day to day business transactions.
Every few years, a new technology comes out which alterations the way Accountable Business Services (ABSProf) do business. Cloud computing and more specifically Cloud Accounting is such a technology. The development of cloud based accounting software comprises the next generation of record keeping technology and can be a more businesslike and advanced way to monitor and follow the financial operation of your business.
As with most technologies implementation is just the beginning, it’s how you make use of the software that counts. By embracing a single account book system Accountable Business Services (ABSProf) are able to offer far more than compliance services to Small, Medium and Large Companies in every Cities of Alberta Edmonton Area, Calgary and Canada. No longer do you and your Best Cloud Accounting Service provider have to transfer files back and forth; you both simply login to a secure online data file to view financial transactions as they happen.
We take full advantage of the ability to access our clients’ financial data in real time to make adjustments, prepare and lodge tax returns and actively provide support and recommendations throughout the year not just at year end. We can spot chances and threats before they come up and work beside our clients to actively manage the growth of their businesses.
Accountable Business Services (ABSProf) are experts in Best Cloud Accounting Services for Small, Medium and Large Companies in every cities of Alberta Edmonton Area, Calgary and Canad, proactively using the Cloud to provide innovative ccounting Services to you. The Cloud enables the team at Accountable Business Services (ABSProf) to build a thorough understanding of your business building a mutually beneficial relationship.