Explore our corporate accounting advisory services in Burlington, Oakville, Hamilton, and surrounding areas
Many business owners have a development plan or goal for the business, but they don’t necessarily know how to get there or identify an exit strategy when the time comes. We can provide strategic insight into these matters to help strengthen your plan and guide you on decisions around financing, organization or regulations.
We go beyond standard reporting to offer you in-depth analysis, business support and risk management techniques to avoid common pitfalls. Specialty services include due diligence, special purpose audits, and corporate reorganization.
While our accounting and assurance services offer you with valuable information, our Advisory services take your business to the next level. With the marketplace in constant motion, you will be able to adjust your operations to meet changing needs and demands based on sound financial reports and strategic advice for corporate structuring, taxation, risk management, reorganization or acquisitions.
Tailored Advisory Solutions for Your Unique Needs:
Succession Planning
Every business needs a succession plan. The complexity of succession planning is dependent on a number of factors including size and structure. Effectively, it’s a strategy for passing on leadership, or in most cases ownership roles, of a business seamlessly and with minimal disruption. Our advisory experts will help you successfully safeguard assets, manage risks, and ensure financial security while tailoring their advice to your personal needs whether transition is imminent or you want to be prepared for the right opportunity.
Corporate Tax Planning
Corporate tax planning allows businesses to stay on track. Preparing for the next steps and long-term goals with insights on how tax management planning can help meet your objectives. SB Partners’ Tax Services Group proactively advises businesses on ways to manage federal and provincial income taxes. Regardless of the type of income you earn, we scrutinize your objectives and deliver innovative ways to manage your tax exposure.
Corporate Re-Organization
Corporate re-organization happens for a variety of reasons from growth to financial threats. Re-organization can include organizational changes, improving cost efficiencies, responding to developments in your market, or succession planning. From a structural re-organization to creating a family trust or changing share division, our team of experts will help you find the best option for your business.
Estate Planning
Protect your loved ones, your wealth, and your legacy with a comprehensive estate plan unique to your situation. Whether you’re looking to reduce stress on your family in the future, minimize taxes, or avoid any uncertainty around your estate wishes, our team can help coordinate with lawyers and other financial planners to build out an estate plan tailored to your needs.
Forecasting
Forecasting is performed at different times over the year to provide a best estimate as to where the company results will end up at the end of the year. Forecasting has more relevance as the year progresses since this process can take into account changes in the business environment (e.g. economic downturn or change in interest rates). Our Advisory team will help identify industry trends and operational changes that management might not be able to identify internally.
Operational Benchmarking
Understanding how your business stacks up to your competitors is important for sustainability. Our team will help you identify your strengths and weaknesses, understand best practices in your industry and keep on top of changing regulations. Through benchmarking, we are able to offer suggestions for future success.
Business Valuations
Quite often a business is the most significant asset of the business owner, so understanding what the asset is worth is important, especially when negotiating the sale of a business, succession planning, or dividing assets during a divorce. SB Partners offers independent, credible and objective business valuations, litigation support and related consulting services.
Mergers and Acquisitions
Accounting plays a pivotal role in mergers and acquisitions through financial due diligence, valuation assessments, accurate financial reporting, and strategic tax planning. Collaborating with an expert is essential in this process due to their experience with financial analysis, regulatory compliance, and risk mitigation. Our team of trusted advisors will advise you from start to finish and provide you with the right information to make the transaction smoother.
Frequently Asked Questions (FAQs) on Advisory Services
Yes. But it can also change.
The decisions you make while setting up your business will affect your ability to maximize potential and minimize risk. Most businesses start as one single corporation. The business grows and becomes more complex. At this point, you may choose to review your corporate structure. By reviewing the business plan, your circumstances, and the purpose of the company (e.g. Holding Company for cash, investments, family trust), you will be able to determine what the best corporate structure is for your situation and goals.
Talking to one of our advisors can explain how these structures relate and provide you with options on how you could structure your business to meet your unique needs.
Most businesses start as one single corporation. The business grows and becomes more complex. Corporate structures may change as the business grows and industries and the economy change.
At this point, it may make sense to review your business plan and structure, your circumstances, and the purpose of the company (e.g. Holding Company for cash, investments, family trust) to help you determine what the best corporate structures are for your situation and goals.
Talk to one of our advisors about how having additional corporations could reduce your exposure to risk and also streamline the operations of your business.
The ideal finance structure for your company will depend on the cash needs of the business. All businesses need to assess both their short and long-term cash requirements. Most businesses will need some type of short-term financing – such as a line of credit (LOC) – to be able to manage operating cash flow.
Longer-term financing needs are usually based on capital expenditures which are typically financed by longer-term debt to match the life span of the underlying asset (e.g. investment in equipment with a life span of 6 years would be financed with a longer-term bank loan that would match the timeline of the asset).
Getting advice from an expert will help you understand the best options for your business.
A CPA can provide input on your strategic plans regarding how they can affect the profitability of the business and taxation. This information may change the strategic plan to better maximize profitability for the business.
SB Partners works with a variety of businesses, from large corporations to small and medium-sized enterprises (SMEs), and owner-managed private companies. Whether you are starting from scratch or looking for change, our team of industry experts can support you and your business.
Our team of chartered professional accountants (CPAs) work with clients across Southern Ontario, including Burlington, Oakville, Hamilton, Mississauga, Brampton, Guelph, Kitchener, Milton, Cambridge, Grimsby, and St. Catharines.
Find out how we can support your business!
Contact us today to learn how our advisory team can help you develop your business and look towards the future.
Our Advisory experts
Related Services
Accounting and Assurance
Accounting and assurance services give you the information you need to make informed decisions by revealing the financial health of your business and where it’s headed.
Succession Planning - OLD
A succession plan will provide a strategic map of what should be executed, how and by who.
Get in touch with us
Do you have a question for SB Partners? Need help to understand your business financials or value? We’re here to help with all of your accounting needs, please get in touch today.
Email us at help@sbpartners.ca or give us a call at 905-632-5978 or toll-free at 1-866-823-9990.
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