Services
Clarity. That’s our goal. Clarity in tax, accounting, auditing, business advisory, financial planning and trust and estate administration.
At Duncan W Goodwin, CGA we help you see the big picture. We give insight into all the matters that affect your business and your personal financial situation. And there are many. Here are some of the ways we can help bring clarity to your financial life.
Taxation Services
Accounting Services
Auditing & Assurance Services
Business Advisory
Financial Planning
Trust Administration & Taxation
Taxation Services
Personal. Business. Trusts & Estates. Everyone has to file a tax return every year. The Income Tax Act with regulations runs 3,000 pages. CRA has published hundreds of guides to help interpret the Act. You don’t have to read them all but you are responsible for their content. That’s why you use our firm. We look at your unique situation and show you what you need to know; what you have to do to stay compliant; and, most importantly, how to reduce your tax burden.
We don’t just ‘do’ tax returns. We look at your tax situation – your whole situation, which includes spouses, children, and parents – and help you file your tax information with the knowledge that you are taking advantage of every deduction. It is important to us, too, that we educate and inform you of changes and opportunities so that we can work together efficiently.
For those of you with a corporation or multiple corporations, then it is even more critical that we help you see clearly. The big picture needs to be kept in mind and your long term goals and objectives kept in view so that each year you can make changes as necessary to keep on track.
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Accounting Services
Accounting is more than bookkeeping. Accounting is recording your business activities in a way that is useful for you, as manager, and useful to creditors, tax authorities and potential buyers of your business. We believe a solid accounting framework saves you money, provides more accurate reporting and allows you to spend less time working on your books, and more time working on your business.
We also believe that not one approach fits all business. While we standardize our processes for efficiency, we also make sure that accounting knows its place. If you only require accounting sufficient to prepare your tax returns, then we do as little as possible. And we will help you understand the difference between what you think you need and what might be more appropriate in your circumstances. Whatever your accounting options, we help you see clearly.
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Auditing & Assurance Services
Audit Engagements. Review Engagements. Clear thinking and clear answers are definitely needed when talking about this type of engagement. We help you understand what they mean and whether you even need such a service because this type of work is extensive and therefore costly. If your business needs these services, then you have to understand how they are performed and, importantly, how to structure your business process and accounting to minimize the effort associated with these engagements.
If you are a not-for-profit or charitable organization, it is often a requirement to have this type of assurance work performed annually. With tight budgets and the desire to use every dollar towards the organization’s goals it is critical that you have clear understanding of what you need to do to reduce costs. In addition, as a director for an NFP organization, you will also be very concerned that you are protected personally from any liability that may arise as a result of the organizations work. We help you understand your responsibilities to the tax authorities and to think clearly about the financial affairs of your organization.
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Business Advisory
Cost analysis. Regulatory compliance. Corporate reorganizations. WSIB. HST. EHT. Payroll. SR&ED. Labour standards. There are no shortages of areas where professional advice and guidance is valuable. Seeing clearly through the maze of regulations is one way we help your business prosper. Seeing clearly through the business activities themselves so that you know your are operating in the most cost efficient manner possible is a service that pays for itself over and over. Let us bring clarity to your business environment: inside and out.
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Financial Planning
Can you see clearly past your working years and into retirement? Can you say that you know what your financial requirements are, or that you have a clear idea of your income during those years? We don’t make predictions. Especially about the future! But, you guessed it, we will provide clear thinking to your financial planning questions. You may like us to prepare a comprehensive, tax-adjusted projection of income and expenses for thirty years out, or you may just want to know how your pension is going to be taxed. We can help you understand and provide useful analysis so that you can rest assured that what you do today fits into what you plan to do next year, and the year after that, and so on.
With our financial planning partners, we provide not only personal financial planning and investment advice in a clear way, but also we can incorporate your corporations! Family trusts, estate freezes, business sales and purchases, corporate restructuring and many other more sophisticated planning services are waiting for you to understand and take advantage of.
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Trust Administration & Taxation
For any of you who have been executors or trustees involved in winding up estates or working through wills and all the related tasks that need to be completed in this complicated and often emotion-charged environment, you know that this is one area where a little clear thinking is needed. We can help. The process is long, but it doesn’t have to be painful. With our clear guidance you will manage your trustee position with ease. Or, if you are looking for help planning your estate distribution and appointing trustees that are professional and competent, we can help you there, too.
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