top of page
Search

Bookkeeping & Accounting Support: Keeping Your Business Organized, Accurate, and CRA-Ready

Updated: 5 days ago

Every business — from sole proprietors and freelancers to growing corporations — relies on accurate bookkeeping to stay financially healthy and compliant. At Haddad Financials, we provide comprehensive bookkeeping and accounting support tailored to your needs, whether you require monthly maintenance, quarterly reviews, or year-end cleanup to prepare for tax filing.

Proper financial tracking ensures you understand your performance, meet your tax obligations, and avoid costly mistakes. Below is an overview of what bookkeeping and accounting support includes and how it helps you stay organized year-round.


Eye-level view of a calculator and tax documents on a wooden table

What Our Bookkeeping & Accounting Support Includes


1. Monthly & Quarterly Bookkeeping Services

Ideal for businesses that want consistent, hands-off financial management.

We handle:

  • Recording business transactions

  • Categorizing income and expenses

  • Reconciling bank and credit card accounts

  • Tracking accounts payable & receivable

  • Monitoring cash flow

  • Generating monthly or quarterly financial statements

  • GST/HST tracking and management

This ensures your numbers stay accurate and up to date throughout the year.


2. Year-End Accounting & Cleanup

If you maintain your own bookkeeping or need help correcting past records, year-end support ensures everything is accurate before tax filing.

We assist with:

  • Fixing categorization errors

  • Reconciling missing periods

  • Adjusting assets and calculating CCA (depreciation)

  • Reviewing GST/HST balances

  • Preparing clean, tax-ready financial statements

  • Ensuring compliance with CRA record-keeping rules

This is especially valuable for businesses that fall behind or only organize their bookkeeping annually.


3. GST/HST Support

We assist with:

  • GST/HST registration

  • Input tax credit tracking

  • Preparing and filing GST/HST returns

  • Reviewing filings for accuracy

  • Ensuring compliance with CRA’s reporting requirements

Whether you file monthly, quarterly, or annually, we help you stay compliant and avoid penalties.


4. Financial Statement Preparation

High-quality financial statements are essential for:

  • Corporate tax filing

  • Loan applications

  • Investor reporting

  • Business planning

We prepare:

  • Income Statements (Profit & Loss)

  • Balance Sheets

  • Trial Balances

  • General Ledgers

  • CCA and asset schedules

Statements are formatted clearly and follow CRA and accounting standards suitable for tax purposes.


5. Payroll Support & Compliance

Managing payroll can be time-consuming and complex, especially with Canada’s employer requirements. Haddad Financials provides full payroll support to ensure your employees are paid accurately and on time, while keeping your business compliant with CRA obligations.

Our payroll services include:

✔ Payroll Setup & Configuration

  • Registering a CRA Payroll Account (RP account)

  • Setting up employee records

  • Determining proper pay frequencies

  • Calculating employer contributions (CPP, EI)

  • T5 preparation for shareholder dividends

  • WSIB filing support (if required)

✔ Ongoing Payroll Processing

  • Calculating gross pay, deductions, and net pay

  • Issuing pay stubs (weekly/bi-weekly/monthly)

  • Vacation pay calculations

  • Managing statutory holiday pay

  • Handling overtime calculations compliant with provincial labour standards

✔ CRA Remittances & Reporting

  • Preparing and submitting payroll remittances

  • Tracking and reconciling CPP, EI, and income tax withholdings

  • Ensuring deadlines are met to avoid penalties

✔ Year-End Payroll Compliance

  • Preparing and filing T4 slips

  • Filing T4 Summary to CRA

  • Assistance with ROEs (Records of Employment)

  • Support during CRA payroll reviews or audits


Why Bookkeeping & Accounting Support Matters


Clean and accurate bookkeeping allows you to:

  • Maximize deductions

  • Reduce errors and CRA review risk

  • Understand your true profitability

  • Plan for taxes instead of reacting to them

  • Maintain organized records for future audits

  • Focus on running your business instead of managing receipts

Whether you file a T1 with a T2125/T776 or a T2 corporate return, accurate bookkeeping dramatically improves the quality and accuracy of your tax filings.


Flexible Options for Every Business Type


We support:

  • Freelancers and online creators

  • Sole proprietors and consultants

  • Trades and service businesses

  • Rental property owners

  • Incorporated businesses (T2)

  • E-commerce sellers (Shopify, Amazon, Square)

  • Gig-economy workers

You choose the level of support that fits your workflow and budget.


Get Professional Bookkeeping Support Today


Click Contact Us to book a consultation and discuss the bookkeeping and accounting support that best fits your business.

Haddad Financials ensures your records stay accurate, organized, and tax-ready — all year long.



 
 
bottom of page