MVO Chartered Professional Accountants LLP provides services targeted toward small and medium-sized businesses and individuals in the Lethbridge area and beyond. We will gladly tailor any of our services to suit your particular needs.

We are a dynamic team of experienced professionals dedicated to managing the daily and regulatory reporting needs of your business. Your business is unique, so we will gladly customize a package of our services that best meet your business and personal needs by providing a full range of services for your business from managing your business and personal tax returns, to the business that requires full-cycle bookkeeping and daily financial management customizable to your specific requirements.

As we are dedicated to your financial health and your financial stability, we adopt a forward-looking perspective. In addition, our team also assists individuals with consolidating finances, debt and investment management and personal budgeting.

Our clients are important to us, so we make every effort to ensure we exceed your expectations. Call us at (403) 328-8383 or fill out the form below and we will arrange a no-obligation meeting with you to discuss your needs.

We have your best interest at hand and work for a lasting relationship with all our clients. Remember here at MVO Chartered Professional Accountants LLP business is great and we are looking for more.

We would love the chance to meet with you and discuss your needs at any time. We offer a free initial consultation so just send us an email  or give us a call. Let's get together and discuss how we can best assist you.

Let a professional handle your accounting and bookkeeping and then profit from the time you save. Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost-effective accounting services including the following:

• General ledger & financial statement preparation
• Bookkeeping (Monthly/Quarterly/Annual)
• Accounting system setup for new businesses
• Compilation of financial statements
• Preparation of year-end working papers for Review Engagement and Audit files
• Ready for your accounting firm to process year-end financial statements
• Preparation of Notice to Reader year-end financial statements
• Small business consultations, registrations, and setup
• Financial Statement Preparation
• Tax Planning & Preparation of Personal Income Tax returns
• Efile - authorized by CRA

With your business accounting needs professionally organized by MVO® Chartered Professional Accountants LLP, you will be better equipped to clearly develop the best options to drive your business forward.

We can assist you in the preparation of your financial statements in accordance with professional standards but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

Small businesses need to focus their time, energy and resources in areas that benefit them the most. Your individual accounting requirements can be customized to fit your personal needs. We have your best interest at hand and work for a lasting relationship with all our clients.

MVO® Chartered Professional Accountants LLP has extensive experience with providing accounting services for a wide variety of small business clients. We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency.

All incorporated businesses are, by law, required to present audited financial statements to their shareholders, unless all shareholders agree in writing to waive the appointment of auditors. However, for many businesses, the additional costs may outweigh the benefits of more rigorous scrutiny. We can help you determine the level of assurance most beneficial for your business and tailor the work to meet your needs.

MVO® CHARTERED PROFESSIONAL ACCOUNTANTS LLP OFFERS Two LEVELS OF ENGAGEMENTS:

Review - A review provides a moderate level of assurance and requires significantly less work to complete the engagement. Based on Canadian, generally accepted standards, we use primarily inquiry, analysis, and discussion to determine that the financial information provided by management is plausible.

Compilation - If your business has minimal external reporting requirements and you are actively involved in daily operations, a compilation engagement is a low cost, non-assurance alternative. For the compilation, we create easy-to-read financial statements from information provided to us. A compilation is most appropriate when prepared primarily for use by management/owner or meeting tax filing requirements.

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.

MVO® Chartered Professional Accountants LLP assists individuals who need a little or a lot of help in organizing and recording their financial affairs. Whether your time is limited, you find bookkeeping an absolute bore or you are retired and just want to enjoy life without the daily hassle, we can help.

• Full cycle payroll services
• HST, GST, PST, WCB and Payroll Source Deduction remittances
• Bookkeeping assistance and training
• Troubleshoot accounting related issues onsite
• Manual, Sage50 and QuickBooks bookkeeping setup and training
• Individual or Group
• On-Site Software Training tailored to individual needs
• Preparation of Government related compliance forms (eg: T4, T4A, T5 slips & Summary reports, ROE’s, HST/GST, PST, WCB) just to name a few For peace of mind, we will:
• assist with cheque writing and cheque book balancing
• make sure money is received and deposited
• receive quick notice on inaccurate or fraudulent bank or credit card transactions MVO® Chartered Professional Accountants LLP offers two levels of bookkeeping services to our clients; Basic and Full.

BASIC BOOKKEEPING

TOTALING REVENUE AND EXPENSES:

• We will record your revenue and expenses from the receipts provided to us

BANK STATEMENT RECONCILIATION

• Send your bank statements to MVO® Chartered Professional Accountants LLP (MVO CPA’s) for reconciliation or we can set up to have them delivered directly to us

YEAR-END FINANCIAL STATEMENTS:

• MVO® CPA’s will provide year-end financial statements for income tax reporting.

INCOME TAX FILING:

• MVO® CPAs will complete and file your income tax return based on the financial statements prepared

FULL BOOKKEEPING SERVICE:

ACCOUNTS PAYABLE:

• MVO® CPAs will manage your accounts payable to ensure your bills are paid in a timely manner while making the most profitable use of vendor terms

ACCOUNTS RECEIVABLE:

• MVO® CPAs will invoice your customers and manage the collection of funds as required.
• MVO® CPAs can receive your payments and deposit them directly into your bank account.

PAYROLL:

• MVO® CPAs will manage your payroll and maintain your payroll records.
• MVO® CPAs will calculate deductions, pay your employees, and remit your source deductions to the appropriate government agency, including WSIB

VENDOR AND CUSTOMER FILES:

• MVO® CPAs will maintain a record of your vendor and customer information for all your business contacts.

BANK STATEMENT RECONCILIATION:

• Send your bank statements to MV MVO® CPAs for reconciliation or have them sent directly to MVO® Chartered Professional Accountants LLP.

INCOME TAX FILING:

• MVO® CPAs will complete and file your income tax return based on the financial statements prepared.

Like small businesses, individuals need to focus their time, energy and resources in areas that benefit them the most. Your individual bookkeeping requirements can be customized to fit your personal needs. Contact us today  by email or call us at (403) 328-8383 to start.

The saying goes, the only two things guaranteed in life are, “death” and “taxes”. Even if that is true, you can take advantage of various tax strategies to reduce the income tax that is triggered on death. The lower the tax the greater the funds available to your heirs. By taking a bit of time to plan ahead, they will thank you for undertaking some of the steps.

If you avoid planning for your estate, you may leave a significant income tax liability when you are gone. Death and death taxes happen simultaneously and you may find that in this situation a significant portion of your income is taxed in a top tax bracket, therefore losing about 45 percent to the CRA.

Although it’s never pleasant to think of our own passing, the possibility of paying less tax usually brings a smile to your face. There are a number of ways you can reduce the income tax exposure you may have at death. To save your family the heartbreaking trouble of dealing with unanswered questions arising from your death, you should act now while you have time to think about the options and put the plan into place.

Call us today to arrange a consultation. We can guide you through the steps to ensure your estate is prepared ahead of time.

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include, but are not limited to:

• Return preparation for
  • Individuals
  • Corporations
  • Tax effects of buying/selling a business
  • Tax effective retirement and estate planning

TAX PREPARATION

Our significant investment in computerized tax preparation and research software enables us to prepare returns accurately and efficiently for individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

• Accurate and efficient returns via the use of CRA approved software
• Taxation planning & restructuring
• Federal and Provincial taxation matters