Client Services

Our firm offers a wide range of services to our individual and business clients. Our clients benefit from personalized, quality service that is beyond comparison. We have listed the services that we offer to our clients, together with a brief description.


As the list below is by no means comprehensive, please feel free to inquire about a service if you do not see it listed.

 


Accounting Services

Accounting Services

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

  • Audits and reviews

Audits, Reviews, and Related Services

There’s a reason why audits and reviews of your company’s financial data are called assurance services. They assure you – and your bankers, business partners or possible merger partners – that your business is financially sound. They’re also a valuable business tool that can help you identify changes you need to make in your operations in order to guarantee your company’s success. And we don’t just report results. We glean valuable information about your particular business from each engagement. So instead of just handing you a document, we offer you insight and advice about how to strengthen your accounting controls and business practices so you can run your business more efficiently – and profitably. Harris & Partners is also a “paperless” office. What this means for you is that your audit is completed more quickly and efficiently. And any member of our team can answer questions about the engagement from any desktop in our office or laptop in the field, without having to search for a paper file. In most cases, our audit teams leave a draft financial statement with you as soon as they’ve completed their work in the field. Our accounting and assurance services include:

  • Audits
  • Reviews
  • Compilations
  • Internal control review
  • Agreed-upon procedures
  • Bookkeeping

Bookkeeping/Write-Up

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.

Cash Flow & Budgeting Analysis

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.

Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

Tax Services

Federal and Provincial Sales Tax (GST, HST, PST and QST)

Many of our clients are responsible for collecting and submitting sales taxes in many different jurisdictions. We can assist your company in the compilation of information and preparation of sales tax returns, and in controlling your sales-tax-related costs.

Tax Planning & Preparation

Tax planning and preparation form a winning combination for our successful individual and business clients. Our experienced staff can develop tax-minimization strategies to optimize your after-tax position.

Tax Services

If you’re like most business owners, dealing with tax issues is not a task you look forward to. But you recognize that your business' success -- or failure -- can hinge on tax implications. We take the sting out of paying federal and provincial taxes by advising you on effective tax strategies for your business and by keeping you up to date on changes in the tax laws that could affect your bottom line. And because we understand that your personal wealth is intimately tied to your business, we take your entire tax situation into account when helping you craft both short- and long-range financial plans. Our clients run the gamut from start-ups to corporations, partnerships, trusts & estates, and non-profits. Our tax services include:

  • Determining proper business structure
  • Mergers and acquisitions
  • Strategic tax planning
  • International tax consulting
  • Trust and estate planning
  • Representation at tax audits
  • Federal, and provincial taxation compliance
  • GST and sales tax & compliance
  • Pensions and employee benefit plan compliance

Other Services

Bankruptcies

Filing for bankruptcy is a serious and involved process with many legal and tax issues. Our firm is familiar with the complexities of the bankruptcy filing system and can competently guide you through the process.

Personal Debt Management

Personal debt in Canada stands at a record high, and it is not unusual for individuals to experience temporary financial difficulties. We can help you recover your financial health by developing strategies for orderly retirement of debt, or, if necessary, implementing a personal bankruptcy. Our approachable staff will be happy to outline options, and explain what is involved.

Other Services

Due to our diverse client base, we encounter a wide array of financial and tax issues. As a result, we have gained valuable experience over the years in numerous specialized areas, many of which are listed below. We feel our ability to provide such a variety of services reflects our versatility and competency, as well as our dedication to quality client service.

  • Mergers & acquisitions

  • Corporate recovery

  • Asset protection

  • Debt Management

  • Business start-up or expansion

  • Bankruptcies

  • Litigation support

  • Cash flow forecasting

  • Employee benefit plans

  • Expert witness services

Consulting Services

Consulting Services

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:

  • Accounting software selection and implementation

  • Business valuations

  • Buying/selling a business

  • Business process improvement

  • Computer systems

  • Financial & retirement planning

  • Estate planning

Business Consulting

You need accountants for all of the obvious reasons -- to help with your taxes and make sure your financials are in order. But in order to stay competitive, you also need business advisors to take a good, hard look at the way you’re conducting your business. Preparing returns and reviewing your books are just the beginning. At Harris & Partners, our Business Consulting Group specializes in providing ongoing, in-depth consultation to closely held, emerging and family-owned businesses. These businesses – the majority of our clients – face unique challenges throughout their life cycle. Our partners specialize in guiding you through the start-up stage all the way through to sale or succession. We’ll offer you guidance on how to boost profits, secure financing and run your operations more efficiently. Our services include:

  • Mergers and acquisitions
  • Business valuation
  • Financing
  • Forensic accounting
  • Insurance review and recommendations
  • Start-up assistance
  • Estate and retirement planning
  • Internal controls
  • Benchmarking

Business Valuations

Determining the value of anything takes time, effort and careful analysis. Whether you’re trying to resolve a shareholder dispute, buy or sell a company, or pinpoint the enhanced earning capacity of a surgeon versus a family doctor, getting it right is crucial. And getting it wrong could mean overpaying taxes, or losing the case, the deal, or the client. Harris & Partners is affiliated with various different respected and accredited valuators. Our affiliates are highly motivated, experienced and knowledgeable in determining the proper valuation standard, approach and method that is relevant for your matter. Their valuations have been successfully tested in various courts, CRA audits and other dispute resolution venues. You can count on Harris & Partners professionals to serve as your guide, and ensure that your best interests are kept paramount Valuations are used in connection with:

  • Marital dissolutions
  • Shareholder disputes
  • Damage measurements
  • Stock options and other deferred compensation arrangements
  • Mergers and acquisitions
  • Intangible assets including corporate and personal goodwill

Miscellaneous

Estate/Financial Planning

Protecting your wealth and passing it on to the next generation can be a stressful and daunting task. It means looking at the “big picture” to truly understand how the financial decisions you make today will affect your future. Whether your goal is passing your business along to the next generation, ensuring that your retirement is on target, or setting up family or charitable trusts, you can count on Harris & Partners professionals to serve as your guide, and ensure that your best interests are kept paramount. Our services include:

  • Estate and trust planning
  • Business succession planning
  • Family partnerships
  • Charitable trusts
  • Insurance evaluation

Restaurants

How competitive is the food service industry in the metro area? Brutal. At Harris & Partners, we know how hard it is to succeed in this environment. More importantly, we’ve worked with enough restaurateurs and entrepreneurs in this industry to give you sound advice on how to build, run and maintain your business. Our clients include many independently owned and operated restaurants and restaurant management groups. You don’t need us to tell you how to cook a plate of pasta. But we can help you analyze your financials and plan ahead so that your kitchen stays humming for years to come. Here’s what you’ll get from our partners:

  • Profitability planning
  • Inventory management
  • Detailed cost analysis
  • Industry benchmarking
  • Guidance through income and sales tax audits
  • Internal control reviews
  • One-on-one attention from partners with 20+ years of industry experience

      Construction

      When you’re looking for a financial advisor for your construction business, you want someone who truly understands what you do. For more than a quarter century we have worked closely with general contractors, subcontractor specialty trades; mechanical electrical, heating and air conditioning, woodworking, painting and window fabricators. We can help you:

      • Develop methods of measuring and evaluating profitability on current projects
      • Understand and evaluate tax methods for long term contracts
      • Strategize for your business on generational planning, developing incentive and stock option plans for key employees
      • Prepare cash flow budgets and projections for large projects
      • Hone in on the key data in your financials that matter to your surety and bankers
      • Analyze your accounting system, help implement new software and effectively utilize technology to improve
      • Work with your counsel on entity and joint venture formation

      Our services include:

      • Attest
      • Comprehensive tax planning and compliance
      • Surety bonding consulting
      • Joint-venture formation and accounting
      • Executive and accounting searches

      We’re construction industry specialists and value the long term relationships we’ve formed with our clients. Let us know how we can help you.

      Dental

      Running a dental practice has grown much more complicated in the last few years. No longer is it enough to take care of patients’ cavities and counsel them on healthy preventive habits-you almost need an advanced degree just to keep up with the newest products and technologies. And it’s difficult to sort out which of the new cosmetic services—that your patients are starting to request—are really worth the investment. On top of that, you need to keep track of budgets, billings and collections, and make sure your practice stays competitive and profitable. At Harris & Partners, we have more than 25 years of experience working with dental practices just like yours. We can help you evaluate the costs involved with new technology like digital radiography and electronic record systems as well as the profitability of adding new associates or hygienists. In short, we can help you run your business smoothly and efficiently-so you have more money in your pocket and more time for your patients, and for yourself. Our services include:

      • Systematizing your billing procedures so you capture all the income you deserve
      • Setting up a “dashboard” to monitor the key financial drivers of your business
      • Helping structure mergers and acquisitions
      • Helping structure employment and partnership agreements
      • Protecting your assets through proper tax planning
      • Budgeting and forecasting to create maximum profitability

      Food Services

      As longtime advisors to the hospitality and food service industry, we understand the unique issues you’re faced with every day—whether you’re an independent grocer, caterer or distributor. We read your trade magazines to keep on top of the issues keeping you awake at night, our partners stay on top of accounting rules and tax law changes affecting your industry, and we’ll meet with you regularly to make sure your business is running efficiently and profitably. We work with caterers and partner planners, specialty markets and food stores, as well as wholesale and retail bakers and food purveyors. Our services to the food service industry include:

      • Tax planning and compliance
      • Compilations and reviews
      • Industry benchmarking
      • Food and beverage cost analysis
      • Inventory management
      • Internal controls assessment
      • Lease negotiations
      • Business valuation
      • Business expansion
      • System installation and maintenance

      Law Firms

      Whether you hung up your shingle to go into business or took over an established practice, you probably didn’t give much thought to how many hours you and your partners would need to bill to turn a profit, or how to maximize your realization rates. But if you truly want to run a successful practice, gaining a deep understanding of how your business operates and how to generate a profit from it is crucial. We’ll help you set profitability goals and tracking mechanisms to make sure you’re hitting your targets. And we’ll run a time and billing analysis to help you manage your most important asset—your people. Our goal is to help you manage your business—so you can spend your time practicing the business of law. Our services to law firms include:

      • Profitability consulting
      • Growth strategies
      • Tax planning
      • Practice transition
      • Mergers and acquisitions
      • Business valuation
      • Partnership agreements
      • Financial monitoring

      Manufacturing

      As a manufacturer, you rely on efficiency and quality control to assemble superior products and get them to market. You also need to constantly respond to a rapidly changing business environment in order to stay competitive.

      At Harris & Partners, we work with a diverse group of manufacturing and distribution clients. Aside from traditional tax, accounting and regulatory services, we also work to improve your efficiencies, reduce costs and ultimately, improve your profitability. From entrepreneurs who need help obtaining start-up financing, to long-term owners seeking to sell, we will work closely with you to find solutions tailored to your individual needs. Our services to manufacturers and distributors include:

      • Audits, reviews and compilations
      • Tax planning and compliance
      • GST and PST consulting
      • International services
      • Strategic planning
      • Business valuations
      • Mergers and acquisitions
      • Buy/lease agreements
      • Inventory control procedures

      Medical Practices

      When you’re running a busy practice, ensuring you’re getting what’s owed to you from insurers, or working on budgets and forecasting to keep overhead down, isn’t always at the top of your “to-do” list. It is even harder in today’s environment, where a business degree is almost required to run a medical practice. But it’s a fact that physicians who pay attention to their break-even levels, monitor fee schedules, and analyze their financial performance on a regular basis are more profitable—and less stressed. Our partners have worked with hundreds of medical practices. We’re experienced at negotiating better deals with new associates and even equipment suppliers. We’ll help you get a handle on all the niggling details that can cut straight into your profits—and work with you to develop a blueprint for running your practice like a business. We’ll help you:

      • Systematize your billing procedures so you capture all the income you deserve
      • Set up a “dashboard” system to monitor your key financials in real-time
      • Negotiate equipment purchases/leases
      • Structure acquisitions, sales or bringing on a new associate
      • Protect your assets through proper tax planning
      • Budget and forecast to create maximum profitability

      Non - Profit

      As consultants, auditors and tax professionals for not-for-profits and associations, we will assist you with the financial, planning and assurance aspects of your organization’s operation. For more than 20 years, we have helped clients with everything from consultation on business plans to internal controls and financial statement audits. Our clients include day care centres, religion and many other not-for -profits. Services:

      • Assurance /accounting
      • Business plans and budgeting
      • Evaluation of grant provisions and reporting
      • Establishment of for-profit centers
      • Obtaining financing / funding
      • Operational and financial systems
      • Internal controls
      • Tax services

      Professional Service Firms

      Professional service firms face unique challenges these days. Business conditions can turn on a dime, and expertise in your field simply isn’t enough. Your financial engine needs to hum to stay competitive. At Harris & Partners, we study your business thoroughly and make recommendations on management approaches and operational practices to boost your efficiency and profitability. Our clients include small and mid-sized law firms, management consultants, public relations and design firms, and architects. Services:

      • Assurance/accounting
      • Bank Financing
      • Budgeting and Forecasts
      • Business valuation
      • Cash Flow Projections
      • Financial recovery
      • Litigation support
      • Operations Review
      • Partner Compensation
      • Pension & Retirement Planning
      • Profitability consulting
      • Tax services

      Retail/Wholesale

      As retailers and wholesalers, you face many critical issues during the life cycle of your business. At Harris & Partners, we respond to your unique needs, and tailor our services to help you make the right decisions for your business. Increasing tax burdens, new merchandising concepts and an increased reliance on technology have greatly affected your industries. In order to stay profitable and grow, you need to stay ahead of the curve. Since 19, we have helped retail and wholesale clients in all segments of the industry to develop successful business strategies. Our services include:

      • Inventory, receivables and asset management
      • Financing strategies
      • Industry benchmarking
      • Tax planning and compliance
      • Import /export compliance
      • Estate and retirement planning
      • Compilation, review and audit
      • Hardware/software selection assistance
      • Inventory management and control
      • Business valuations
      • Mergers and acquisitions