Accounting | Taxation | Financial | Agriculture | Succession | Business Advisory Services

Everything you do in the business world likely has tax consequences. We will guide you through the mountain of income tax, and sales tax laws. We can help you anticipate transactions that might otherwise invite undue taxation of your personal or business assets, and help ensure that you pay the least amount of tax possible.

Personal Taxation : Services include planning so you pay the least amount of tax possible, when we prepare and file your tax return. If necessary we will represent you before the Canada Revenue Agency with respect to your tax return.

Corporate Taxation: Corporate tax planning takes into account a multitude of taxes, including income tax, payroll tax and goods & services tax. Our team has the knowledge and experience to minimize corporate tax payable. We will, of course, prepare your tax return and deal with the Canada Revenue Agency as necessary.

Estates and Trusts : Planning and compliance matters for estates and trusts can be very complex.

Commodity Taxation : Commodity taxes include Harmonized Sales Taxes. These taxes are generally transaction based and require an in-depth understanding to ensure your systems are set up to capture all the information needed to comply with these taxes and guarantee you claim all the benefits you are entitled to.

We prepare many forecasts and budgets for clients. Although we believe that “to fail to plan is to plan to fail”, it is also important to monitor actual results. Budgets and forecasts enable many decisions to be made ahead of time, but are often afterwards forgotten. Analysis of actual results and comparisons to the budget can give comfort that targets are being achieved, or highlight areas that need attention. 

Our major tool in preparing forecasts is Microsoft Excel. You can download a template we have used to build budgets. The model allows full data entry and production of reports, but has been password protected against major modifications, including adjustments to formulae and the changing of rows and columns. Sorry, but the template is available in Excel 97 (282kb) format only. Please contact us if you wish to change formulae or the number of rows or columns, or if we can assist further.

We have built a number of other models for our own use. We may make these available upon request.

We don’t need to tell you how bad conditions have been for ranchers & farmers in recent years.

We do need to tell you however, that looking after ranchers & farmers is one of our main specialist areas.

At Bruce Martin & Associates we have been advising farmers & ranchers for well over 25 years. We are therefore fully conversant with the needs of business in this sector.

In addition to the core services of bookkeeping, payroll, accounts and taxation, our services also include advising:

A succession plan outlines the way a business should be managed after the retirement of the current owners. It prepares the next generation to manage effectively without conflict. It can keep the family’s financial interests in a business, and by implementing tax-effective strategies, can greatly reduce the estate taxes that must be paid in the future.

It’s never too soon to consider a succession plan. We advise that as soon as a company begins to have value, it’s time to think about passing on that value.

By their nature, entrepreneurs are hard workers who prefer to do things for themselves. Usually they are so busy with the daily management and operation of their company, they postpone succession planning.

Opening a dialogue among family members is the best way to begin the process of a successful succession plan, one where close attention is paid to the personal feelings, ambitions and goals of everyone concerned. If family relations make this difficult, facilitators can help.

The two key elements to a succession plan are the passing on of ownership and management, and the minimization of taxes upon death.

A good succession plan will help your business survive. Don’t leave your business’ future to chance get the advice of objective professionals and start your planning now.

Business Advisory Services

No matter what business you are in, you will face bumps on the road to success.  The good news is that Bruce Martin & Associates is here to help you overcome these hurdles.  With our diverse team of accountants and business advisors, Bruce Martin & Associates possesses the technical expertise to guide you through challenges with many different aspects of your business:

• Business plans
• Financial projections
• Changing taxation policies
• Succession planning
• Strategic focus
• Performance improvement

Work one-on-one with our team to develop plans for changes and improvements to your enterprise.