Layco Services Inc.

Corporate & Personal Tax Services
   Home      Services
We gauge our worth by the success of our clients.  We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound.  In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
 
We offer a variety of services directed at our individual and business client's needs.  Our clients benefit from personalized, quality service that is down to earth and hard to compare.  We have listed below the common services we offer to our clients.
 
Corporate Income Tax Preparation
 
We prepare corporate income tax returns for owner-managed private corporations (Canadian Controlled Private Corporations).  We have clients in all different trades, services and professionals.  We use our experience and knowledge to benefit you, by assuring you that we will complete your return in a timely, accurrately, efficiently and with all necessary current methodologies.
 
Personal Income Tax Preparation
As with all of your income tax preparation, we prepare your tax return with the intent of saving you money, by making sure you pay the right amount of tax.  How?  By building a personal relationship with our clients we try to keep them informed of the various deductions that they may be entitled to based on their own personal situation.  We want to prepare your tax return like we prepare our own.  We want to help you meet your needs and tax goals.
 
We offer a free review of your prior years tax returns filed.  We do so to help you determine if your tax needs are being meet and if any options from a tax saving perspective are available.  Call us to setup a consultation.
 
Accounting and Bookkeeping Services
 
Bookkeeping - an essential aspect that is the foundation for all accounting, tax preparation, financial reporting and audits.  Since your record keeping system is so important we can help provide meaningful and well organized financial records that will ensure you have a good, solid data to make the necessary decision so you can run your business more effectively.  We provide bookkeeping on a quarterly and annual basis.  
 
Compilations - We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.  Compilations differ from Review Engagements and Audit Engagements as they are prepared based on client provided information with the required level of review as set by industry standards.  Review Engagements and Audit Engagements are higher standards of reporting that are usually required due to a lending institution requesting such, a public company requires audited reports as required by law.  Small private companies the majority of the time ONLY need to have a compilation engagement performed.  That is what we specialize in and it is all we do.  This helps in keeping your costs down and us competitive.
 
 
Financial Statements -  We can prepare financial statements to accommodate your needs keeping in mind current standards of reporting.  The financial statements produced can be a very useful tool for your management team and you, for making financial decisions that will lead to more successful and improved business operations.  We can prepare the financial statements in various formats, so that they will be useful for your internal purposes.  For example, we can prepare comparative statements for 3 or 5 year periods; or you may prefer to figures on the income statement as percentage of sales.  Whatever your needs we can customize your financial statements as you see fit.
 
 
Consulting Services
 
Buying/Selling a business - an important transaction that has many issues and concerns that need to be addressed, compounded with various tax implications which we like to assist our clients on so as to have a successful and positive transaction.
 
Accounting software selection and implementation - With the number of computerized accounting software packages available for small businesses growing everyday, selecting one that is right for you has become increasingly difficult.  For example, two very common packages are Sage50 and Quickbooks (both desktop versions), both which we use, but which version is best for you?  Or should you use a cloud version such as SageOne or Quickbooks Online?  Will any one version fit your needs or is a hybrid solution better?  What are the differences between the two? We can answer these for you and more.  As accountants, we have a sound knowledge of the most common programs, either through personal experience, or industry literature.  We can help you choose and implement the system that best fits your needs.