Accounting Services for Retail & Hospitality Businesses in Burlington, Oakville & Hamilton

The success of your business depends on the quality of the financial decisions you make. With the help of our chartered professional accountants and advisors, you’ll be able to make better, faster decisions like:

• What products should be on sale during which times?
• Where is my highest profit margin coming from?
• Where am I looking to grow my business?
• How can I plan for seasonal change?

We’ll help you make more informed decisions so you can take advantage of opportunities as they arise.

• Tax planning and tax compliance services
• Optimize your company’s corporate structure
• Developing working capital management strategies
• Cash flow analysis
• Audit, review, and compilation services
• GST/HST/PST advisory and reporting
• Operational performance reviews and process improvement
• Inventory accounting construction materials and equipment
• Business overhead and marginal cost review and analysis
• Subcontractor and job order costing
• Fixed-price consulting contracts
• Project management review
• Profit enhancement strategies
• Tax credit possibilities
• Financial analysis and reporting
• Strategic business advisory services
• Estate and succession planning
• Risk management and security reviews

Inventory carrying costs are the costs associated with keeping inventory in stock at a store, restaurant, or other retail establishments. These costs are usually figured as a percentage of the value of the inventory and include such things as:

• Warehousing
• Equipment
• Employee salaries
• Insurance
• Damage
• Other inventory-related expenses

If you want to reduce your inventory carrying costs while still maintaining a profitable business model, there are several things you can do:

• Improve warehouse layout
• Determine optimal inventory levels and reorder points
• Accelerate turnover
• Use inventory management software

We help our clients identify inventory carrying costs and determine ways to reduce those costs without sacrificing your products’ quality or customer service levels.

Learn more here.

The Municipal Accommodation Tax (MAT) is a room tax that was implemented by the Provincial Government in 2017 to help support Ontario’s tourism industry. The MAT supports the tourism industry, as well as programs and services that visitors take advantage of when visiting.

The implementation of a Municipal Accommodation Tax allows municipalities across Ontario to apply a mandatory rate on accommodations. Here is what you need to know: 

• The rate is 4% applied only on the room cost portion of overnight accommodation of all guest invoices for a continuous period of 30 days or less.
• The MAT is subject to a 13% HST.
• The MAT is mandatory and must be paid by the guest to the lodging provider at the same time that they pay for the reservation.