This type of accounting service involves keeping records of the business’s financial accounts. The bookkeeper updates financial systems by recording a hard copy of the financial data or using financial accounting software on the network. The bookkeeper monitors the payment of the accounts and how they are received.

Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Paradigm Accounting & Tax Professionals can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly.

Corporate tax planning is a means of reducing tax liabilities on a registered company. Through the various tax deductions and exemptions provided under the Income Tax Act, a company can substantially reduce its tax burden in a legal way.

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner. Our payroll process includes pre-tax deductions, state payroll filings, and related payroll issues.

Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

A personal financial statement is a snapshot of your personal financial position at a specific point in time. It lists your assets (what you own), your liabilities (what you owe), and your net worth. To get your net worth, subtract liabilities from assets. Your net worth can be either positive (if you have more assets than liabilities) or negative (if you have more liabilities than assets).