Accounting that keeps the year under control

Bookkeeping, financial statements, HST/GST, and payroll for owners who need reliable numbers, not a scramble at tax time.

Reliable books through the year
Statements you can actually use
Records ready for tax season
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What this work covers

Dang & Associates CPA provides bookkeeping, financial statement preparation, HST/GST, payroll, and the accounting behind corporate and personal tax filings.

Good records are the base for everything else: deductions, installments, financing, and a clear view of whether the business is healthy.

  • Recording sales, purchases, payments, payroll, and bank activity
  • Financial statements owners can review during the year
  • HST/GST tracking and filing support
  • Payroll and the records that go with it
  • Separating business and personal activity

Mistakes that create later problems

The usual pattern is waiting until tax season to organize records, mixing personal and business expenses, not tracking HST properly, dropping supporting documents, overlooking payroll, and never looking at the statements until the year is over.

The CRA generally expects taxpayers and businesses to keep records and supporting documents for six years from the end of the last tax year they relate to. GST/HST records usually follow that same period.

  • Invoices, receipts, bank and credit card statements
  • Payroll records, mileage logs, and contracts
  • Loan documents, HST records, and investment documents
  • Support for income, expenses, deductions, and credits

How often to look at the numbers

Business owners should review financial statements at least quarterly, and monthly is better. Regular review shows cash problems, rising costs, softer revenue, and tax obligations before they are urgent.

Bookkeeping records what happened. Accounting turns that record into statements, tax support, and advice. Businesses that only open the books once a year usually find out about problems too late.

Accountant reviewing financial reports with a calculator