As a business owner, wouldn’t it give you great piece of mind to have an advisor on call? A team of experts with rigorous financial training and the knowledge gained from providing oversight and guidance to hundreds of other entrepreneurs and their ventures? You can have that advice. Stern Cohen is available with the business advisory services you need, when you need them. We’re not an expensive service – we’re an essential service. If you are establishing a new business or practice, or your business can benefit from expert guidance, we will match you with a specialist in your industry who can provide the services and the advice to take your venture to the next level.

We can help established business owners with:

• Cash flow projections
• Management advice
• Bookkeeping Services
• Income tax compliance
• Income tax planning that integrates corporate planning and personal planning
• Structuring of purchase agreements to reduce tax burden on sale of shares
• Business valuation to determine if a purchase or sale is fairly priced
• Due diligence
• Business financing
• Mergers and acquisitions
• Reorganizations
• Divestitures
• Litigation support

We can help new business owners with:

• Reasons for incorporating a company
• When to incorporate and utilization of losses before becoming profitable
• Creation of a corporate structure which allows an efficient sale of a business in the future
• Budgeting and accounting for new business
• Common errors of new business
• Connections with reputable bankers, law firms and other professionals required
• How to leverage credit to enable meeting cash requirements
• SR&ED / SRED: Scientific Research & Experimental Development – What is SRED and what is required to claim these credits
• Internal controls and fraud prevention for new businesses
• Bookkeeping software, set up and training
• Payroll requirements
• Tax 101 including:
  • What tax information is required by the CRA for companies
  • Filing requirements for companies
  • HST
  • Information required by accountants to minimize the cost of services for filing your tax returns
  • When you need to file a US tax return / Cross border tax implications
• Introduction to advanced concepts such as holding companies, S85 rollovers
• Expanding to the US and business implications
• Receiving contracts from foreign companies
• Accounting software and what to look for
• Audit and review of financial statements as required by bank, venture capitalist, listed companies
• Review of budgets and projects to be used in business proposals for venture capitalists