Startups
Helping you increase your profit
Accounting Services for Startups
As a startup founder, you may feel overwhelmed by the numerous challenges of bringing your idea to life while managing day-to-day operations. The benefits of having your own startup outweigh the risks, but maintaining proper accounting records is crucial, especially when incorporating your business or facing a CRA audit.
Proper cash flow management is essential for startups due to limited resources and high expenses. 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 business 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
Let us help you navigate the complexities of your startup, so you can focus on achieving success. Contact Vikram Gulati Professional Corporation today to learn how we can support your business.
2. Ongoing Monthly Managed Back Office Services
- Monthly data entry and bank reconciliation
- Credit card expense identification
- QuickBooks Online (QBO) review
- General bookkeeping support
- Management reports with key financial data
- Accounts payable support and management
- Plooto payments setup and integration
- Monthly vendor and contractor payments
- HST and corporate tax filings and payments
- Bi-weekly payroll processing and software maintenance
- Adding new employees and managing payroll cycles
- Records of Employment
3. Senior Financial Management Services
- Monthly financial reporting and budget performance
- Cash flow management
- Budgeting and forecasting support
- Ad hoc reports and fundraising advisory
4. Attestation Letters
- Financial health attestation for employee immigration
- Ongoing attestation updates
5. SR&ED and Grants Support
- SR&ED tax preparation and reporting
- Grant advisory and procurement
- Eligibility assessment and claim process guidance
Contact Vikram Gulati Professional Corporation today to learn how we can support your startup.
Startup advisory services
Financial Advisory Services
Our experts can assist with SR&ED claims, business consulting, forecasting, and budgeting. We help you create financial models to simplify your business decisions.
Accounting Services
We prepare financial statements, audits, and reviews for your business. Using advanced accounting software and tested processes, we ensure every transaction is properly categorized and traceable.
Tax Services
We manage all your tax needs, including personal and corporate taxes, HST, payroll taxes, tax planning, and advisory services.
Incorporation
Our incorporation services help provide tax relief, protect assets, and lower liabilities for startups.
Bookkeeping Services
Our professional bookkeepers maintain your financial records, allowing you to focus on growing your business. We ensure your books and records are always up to date.
Contact Vikram Gulati Professional Corporation to learn how we can support your startup’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.