Our Serivces

Audit Services - An auditor's report on your financial statements is the highest level of independent, professional assurance that you can receive on your financial statements. They are sometimes required by shareholders, banks or other creditors.

Review Services - Not as comprehensive in scope as an audit, a Review Engagement provides users with a reduced level of assurance, as to the reliability of your financial statements. They are frequently appropriate for smaller businesses where the owner is actively involved in day to day management.

The rapidly increasing complexity of our tax system underscores the importance of getting expert advice on tax matters. Our tax professionals are available to advise you in many different areas including:

• tax planning to minimize current and future income taxes
• tax compliance including preparation of personal, corporate and trust tax returns, information returns and other correspondence with tax authorities
• proper structuring of owner-manager compensation
• corporate reorganizations
• estates and trusts
• retirement planning
• tax audit support
• GST and other sales taxes
• U.S. Taxation

In addition to assurance and income tax services, businesses require a variety of accounting and related services we provide including:

• assistance with, or the preparation of, financial statements
• bookkeeping services
• installation and training of accounting packages, including Simply Accounting and QuickBooks
• preparation of government forms, including all payroll and personal tax related filings
• confidential payroll preparation

A business valuation may be required:

• under the terms of a shareholders' agreement
• for insurance or estate planning purposes
• to support to ongoing litigation
• during marital disputes
• as part of a corporate reorganization

Businesses often require outside assistance in preparing a forecast or projection. We can help you complete a forecast or projection:

• to support an application for bank financing
• to meet the terms of your current banking agreement
• to help assess the effect of a course of action being considered, such as a move to a new location, or a purchase of new technology

People seem to be bombarded today with advice from all sides on estate planning matters. Banks, insurance agents, and financial planners all stress the importance of estate planning from their particular perspective. It is difficult to sift through all the available information to decide what, if anything, you should be doing.

We provide independent, unbiased advice on estate planning matters to help you ensure that your estate goes to your intended beneficiaries at the time you choose, while minimizing your overall tax liabilities.

At MacGillivray LLP, we understand 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.

Our firm is focused on providing you with reliable and immediate information, and we look forward to beginning new relationships. We commit our resources and knowledge to help your company to become stable and profitable. 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.

Whether you are considering buying or selling a business, we are able to assist you in:

• negotiating the purchase or sale
• properly structuring the deal to minimize income tax consequences arising on the transaction
• assessing the reasonableness of an offer to purchase or sell
• completing your due diligence on a prospective purchaser or vendor
• obtaining the necessary financing to fund the purchase

The task of passing ownership and control of your business to a succeeding generation is often very difficult. The challenge is to balance the needs of the founder, with those of the next generation, while keeping the best interests of your business at heart.

It is often a lengthy process that involves working with family members, and typically with your other business advisors as well (including your lawyer, banker, and insurance advisors) to develop and implement a plan to meet your objectives.

With our experience in facilitating business successions, we can add a level of discipline to the process, to help keep you on track and maximize your chances of success.

We have experience and offer services in the area of placement or replacement of various levels of corporate account staff, such as bookkeepers, controllers or VP Finance. Our services include:

• Preparation of job posting
• Listing with appropriate agencies
• Screening of all resumés
• First interview with potential candidates
• Synopsis of all potential candidates to create a short list for our client's review