Business Registration

Service Description

Whether you need assistance with a specific task, such as payroll, or want to improve your management accounts or projections, Lakha Accountax Services has a solution for you. Lakha Accountax Services recognizes that not every company has the resources to manage all of its accounting and business management activities. They can offer you an outsourced service that includes bookkeeping, management reporting, payroll processing, budgeting, and forecasting, as well as additional onsite help if needed. We also understand how critical it is to have the assurance that everything is up-to-date and under control. Good record keeping may keep you informed about your firm, allowing you to manage cash flow and commitments more effectively. The ability to run your business efficiently relies heavily on timely management information. We can provide you with the resources you need to support decision-making by assessing performance against relevant metrics and budgets. Lakha Accountax Services may assist with outsourcing in the following areas: - Company Registration Services - Implementation, support, and advice for accounting systems - Bookkeeping, management accounting, and management information packs - Budgeting, forecasting, and financial modeling - Business planning and fundraising - Strategic planning advice - HR and employment advice Once your business starts to generate revenue, you may be required to register for, collect, and remit the federal goods and services tax (GST) or, in provinces such as Ontario, the harmonized sales tax (HST). Is it necessary for you to register? If you sell taxable supplies in Canada and make more than $30,000 in income, you must open a GST/HST account and charge GST/HST. Because registered firms are merely extensions of individuals, their regulatory and tax requirements are low. The process of starting a small business is quite simple and inexpensive. The owner is personally liable for the business's debts and must pay taxes (or deduct losses) on their personal tax return.

Contact Details

• Lakha Accountax Services Inc., Ferguson Drive, Milton, ON, Canada