Mortgages
Specialized Accounting and Tax Solutions for Mortgage Professionals
Financial Expertise for Mortgage Brokers
As a mortgage broker, you face numerous challenges, from managing client portfolios to ensuring your practice operates smoothly. While the rewards of a successful mortgage brokerage are substantial, maintaining proper accounting records is crucial, especially when looking to expand or face audits.
Effective cash flow management is essential due to the high stakes and regulatory complexities in the mortgage industry. Engaging a professional accountant from the beginning can help you manage your finances effectively.
At Vikram Gulati Professional Corporation, we assist with everything from managing daily operations to developing long-term strategies, ensuring your mortgage brokerage remains profitable. We stay updated with market trends, technological advancements, and changes in the business environment, providing you with the latest tools and expertise. Our comprehensive services include maintaining your financial records, payroll services, corporate and personal tax returns, regulatory correspondence, audit assistance, and tax planning.
Our Services Include:
Accounting Infrastructure Review and Process Implementation (1 month)
- Introduce team and assess current processes
- Review and document detailed processes within accounting infrastructure, including bookkeeping, accounts payable, accounts receivable, and tax compliance
- Assess and finalize software and app stack to enhance efficiencies, provide automation where applicable, and improve controls
- Provide logins and training to internal team members
- Ongoing Monthly Managed Back Office Services
- Monthly data entry and transaction review
- Monthly bank account reconciliation
- Monthly credit card expense identification
- QuickBooks Online (QBO) review
- General bookkeeping support
- Management reports including key financial data
- Accounts payable support and management
- Plooto payments setup and integration
- Monthly payments to vendors and contractors
- HST and corporate tax filings and payments
- Bi-weekly payroll processing and software maintenance
- Adding new employees and managing payroll cycles
- Records of Employment
- Senior Financial Management Services
- Monthly financial reporting and budget performance
- Cash flow management
- Budgeting and forecasting support
- Ad hoc reports and fundraising advisory
- Attestation Letters
- Financial health attestation for employee immigration
- Ongoing attestation updates
- SR&ED and Grants Support
- SR&ED tax preparation and reporting
- Grant advisory and procurement
- Eligibility assessment and claim process guidance
Professional Accounting Services for Mortgage Brokers
Financial Advisory Services
Our experts can help you with business consulting, forecasting, and budgeting tailored specifically for the mortgage industry. We assist you in creating a financial model that simplifies decision-making and boosts profitability.
Accounting Services
We prepare financial statements, audits, and reviews for your mortgage brokerage. Using advanced accounting software and proven processes, we ensure every transaction is properly categorized and easily traceable, helping you maintain accurate financial records.
Tax Services
Never worry about your personal and corporate taxes, HST, payroll taxes, tax planning, and advisory services again. We manage all your tax needs, ensuring compliance and maximizing tax savings.
Incorporation
Our incorporation services provide tax relief, protect assets, and lower liabilities for mortgage brokers. We guide you through the process, ensuring a smooth and beneficial incorporation.
Bookkeeping Services
Let our office handle your books. Our team of proficient and professional bookkeepers keeps your mortgage brokerage’s finances in order, allowing you to focus on delivering exceptional services to your clients. We ensure your books and records are always up to date.
Contact Vikram Gulati Professional Corporation to learn how we can support your mortgage brokerage’s financial and accounting needs.
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Set up a consultation with Vikram Gulati Professional Corporation to elevate your business. Let us handle the number crunching so you can concentrate on what you do best – running your business.