Votum Accounting | Navigate Life

Management

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Lifestyle Needs Assessment

A lifestyle needs assessment is a process used to properly identify your current living requirements. This assessment is useful for building an accurate budget based on your actual economic reality as well as identifying your income requirements
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Personal Bookkeeping

Our personal bookkeeping is designed to ensure that you’re on course every month and includes monthly comparisons of budget to actual as well as calculating tax and savings allocations.
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Corporate Bookkeeping

Ensuring proper corporate recordkeeping is critical to the financial health of every business. Not only is it valuable for tax compliance but also for calculating tax estimates, managing cashflow and ensuring critical financial goals are being met.
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Budgeting

Our unique budgeting process is one of a kind. Specifically designed to be simple, practical and relevant every month, our budgets ensure spending remains at a sustainable level ensuring long term financial health.
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Payroll

Proper management of payroll remittances and filings is an important aspect of any business. It also is strictly reviewed by CRA therefore ensuring proper and timely information is critical in payroll requirements. At Votum we can calculate and file your company’s payroll or teach you how to do it yourself.
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GST

Proper calculation of GST is essential to any business operating in Canada. GST requirements are complicated and unforgiving to individuals who don’t comply and so our role as your accountant is very critical in the area of GST.
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Tax Instalments

At Votum we will provide both instruction and estimates regarding corporate and personal tax installments as well as GST.

Accounting

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Personal Tax Return

Filing a personal tax return isn’t necessarily the most complicated task and many individuals are able to do this by themselves or with the assistance of a software program. But as life gets more complicated, the tax returns do as well and that is where a professional firm like Votum can be hugely valuable to ensure accuracy, tax minimization and peace of mind.
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Corporate Tax Return

Filing a corporate tax return is a complicated process in which mistakes can be costly. At Votum we strive to provide corporate tax returns that have been thoroughly prepared while minimizing the preparation costs by focusing on the practical and beneficial aspects to our clients
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CRA Representation

As a Votum client if you ever get a call from CRA you don’t need to fear. We will talk to them on your behalf and ensure all questions are properly answered. By doing this we appease CRA’s need for clarity and minimize the audit risk of our clients.
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CRA Audits

Audits are the single most stressful aspect of accounting for clients and it’s our job to minimize the stress of the audit through personally handling all CRA inquiries. Although audits can’t be avoid entirely they can be minimized through proper recordkeeping, tax filing and responding to reviews. As always our goal is to ensure you pay no more taxes than you're required and often that requires us to defend the accuracy of your records and interpretation of law with CRA agents who may not have this same interest.
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Personal Financial Statements

Personal financial statements are valuable tools for identifying strengths, weaknesses, risks and opportunities in the management of personal resources.
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Corporate Financial Statements

For many small businesses financial statements are only useful for filing with CRA however at Votum we do our best to explain the information contained in these statements so that our clients can make sound financial decisions.
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Notice to Reader Engagements

There are three types of engagements financial accountants do; Audit, Review and Notice to Reader. The only difference between them is the amount of effort the end user requires the accountant to verify the accuracy of the number. For most owner-operator businesses a Notice to Reader engagement is appropriate as well as the cheapest alternative.

Planning

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Integrated Financial Planning

Too often planning is completed by advisors who specialize in one area (investments/insurance/estate) but don’t have the full financial picture. At Votum our Integrated Financial Plans are designed to include all aspects of your life. Our role isn’t to replace your advisors but to assist you and them in understanding all the implications of a financial decision.
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Tax Planning

It is important at Votum to ensure we take a step back to ensure the tax implications of decisions are properly looked at. Our goal with every client is to ensure that they don’t pay any more in tax than required and that because of our complex tax system it involves properly planning.
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Debt Planning

Debt is a heavy burden that is easy to get into and hard to get out of. Very few individuals have your financial condition at heart when offering debt as a solution. At Votum our goal is to educate you on the financial implication of a certain debt decision and assist you in planning out how and when to your debt.
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Retirement Planning

Planning for retirement can be a daunting task for any individuals. At Votum we looked at all aspects of retirement with our plans including long term tax implications of investments options. Many people find themselves reaching the stage of retirement and wondering “Is there enough to make it.” We are able to clearly answer that question for individuals and allow them to make the necessary course adjustments that ensure they get to focus their retirement on their family and not their finances.
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Estate Planning

It is important for every individual to plan their estate accordingly with up to date wills and properly structuring their assets to transition cleanly to the next generation.
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Career Planning

Whether individual are fresh out of high school or forty years old and looking for a change at Votum we look at the financial implications of career changes. We also have resources for individuals trying to understand their own strengths in the workplace in order to maximize their value to others and increase their own earning potential.
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Business Planning

Very few businesses properly plan, implement and evaluate. This is a reality. And because of this most experience both the loss of opportunity and the risk of implosion. At Votum we can assist and business owner with preparing a business plan that includes financial projections. We can also assist in the creation of systems to track and evaluate your progression through the plan.