MacGillivray  Chartered Accountants & Business Advisors


Entrepreneurial Notes

MacGillivray Partners understands that starting a new business can be the most exciting time of your life. We also understand that most entrepreneurs are entering a new world, and have many questions which need to be answered as quickly as possible. We are focused on providing reliable and immediate information to you, and look forward to beginning a long-term relationship. Along the way, we can provide all necessary services and consultation from registering with tax authorities to obtaining financing to maximizing profitability. Our goal is to ensure that you meet your goals, and to continue the excitement long after your idea is born.

We are focused on helping entrepreneurs grow their ideas into profitable organizations. We understand that most start-up companies begin with an idea that develops into a marketable product. We wish to share the excitement with you, however, we also will provide the sound business approach necessary to ensure you and your company are appropriately organized. To illustrate our commitment to you, we will offer the first consultation free of charge. We consider this time spent an investment in you which will lead to a mutually beneficial relationship.

Each new business has its own special needs, and we will tailor our services to meet your needs.

The Entrepreneur's Guide to Starting a Business addresses the following concerns related to start-up businesses:

Selecting a Legal Entity for Your Enterprise

  • Sole Proprietorships
  • Partnerships
  • Corporations

Selecting a Year-End

  • Which Month to Choose
  • How to Make the Election
  • Changing the Year-End

Registering With the Tax Authorities

  • Federal Taxes - Goods and Services Tax
  • Corporate Income Tax
  • Provincial Taxes - Retail Sales Tax
  • Corporate Income Tax and Capital Tax
  • Business Licenses

Accounting and Bookkeeping

  • Chart of Accounts
  • Cash or Accrual Accounting
  • Accounting Records and Bookkeeping
  • A Word about Computers
  • Internal Control

Payroll Taxes

  • Registering Your New Business
  • Income Taxes, Canada Pension Plan and Employment Insurance
  • Employer Health Tax
  • Workplace Safety and Insurance Board

Income Taxes

  • Income Tax Forms
  • Installments
  • Tax Planning
  • Provincial Taxes

Cash Planning and Forecasting

  • Starting the Analysis
  • Cash Collections
  • Disbursements

Obtaining Credit and Financing for Your Business

  • How Do I Get The Money?
  • Financing Alternatives
  • Debt Financing Sources
  • Equity Financing Sources

Insurance

  • Required Policies

Selecting Professional Advisors

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To help you get started, we have created the "Entrepreneur's Guide to Starting a Business." It's a free guide, filled with valuable information and advice. To obtain a copy, simply click here.

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