For Businesses

Client is working

Are You a Business Owner or Entrepreneur?

You’re busy. We get it. That’s why we exist – to help you focus on what matters most while we take care of the rest. We know that taxes can often be complicated and time-consuming, but they don’t have to be. Our team is here for you every step of the way so that your business runs smoothly and efficiently without any hiccups.

When was the last time someone took care of your books? If it has been a while, then let us do it for you! Let us handle all those tedious tasks so that you can focus on growing your company instead of worrying about paperwork and compliance issues. It’s not just about doing things right; it’s also about doing them promptly so that nothing falls through the cracks. We at Bloomington Outstanding Tax can make this happen for you!

Our Accounting Services Will Benefit Your Business

Every business needs a partner they can rely on to provide them with high-quality accounting and bookkeeping services. Whether you’re just starting up or have been doing business for some time, we will provide the accurate and timely information you need so your business runs smoothly. At Bloomington Outstanding Tax, we strive to be your number one choice in small business accounting – whether it’s keeping track of expenses, filing returns, or payroll that concerns you, our team is happy to help.

We are accountable to you and take pride in giving back what belongs to you: precise numbers. So if your company needs an accountant who understands all aspects of becoming profitable, Bloomington Outstanding Tax is here for all your Accounting, Bookkeeping, and Payroll needs.

Minimize the mess, eliminate the stress.

Find Everything You Need Through Bloomington Outstanding Tax

Bookkeeping & Financial Services

– Monthly bookkeeping to ensure all your business wants are documented and recorded

– End of year tax preparation
– Government remittances on your behalf Payroll Services
– Class 3 Employer with the CRA for submitting EHT, CPP & income taxes deducted from employee paychecks on time
– Quarterly remittance of T4 Summary, T5 Summary, and T4 Slip information to employees where applicable.
– We will also provide you with an Annual Report summarizing our services performed during the fiscal year. This report describes the various activities involved in preparing your financial statements and summarizes any significant events that may have affected those statements. This report does not include any proprietary information such as the balance sheet, income statement, and cash flow reports which remain our property and are securely kept in our office. 

Accounting Software Selection & Implementation

The accounting software landscape has never been more diverse. From SaaS to cloud computing, there are plenty of options for businesses looking to streamline their process and stay up with the most innovative technology in this space–but they need an accountant too. For those clients who choose to outsource their bookkeeping process, we will recommend an accounting software package and train you and your team on its use.

The right accounting software can be crucial to your company’s success. We have a proven track record of working with businesses large and small to implement, configure and customize business management solutions tailored to their unique needs. We offer a wide range of services for clients who have chosen to implement an accounting software solution, including:
– Configuration and customization
– Training
– Implementation
– System support

Our goal is to ensure that the system you chose is the best fit for your companies’ business needs and ensure that your business can utilize all of its features. 

Payroll Services

With so many changes to the law and tax regulations, business owners find themselves constantly looking for ways to cut their payroll costs. Our payroll professionals are well versed in these laws, making sure to proactively alert you when there is new information that will affect your employees or their paychecks while also keeping things running smoothly.
– Payroll processing
– Disability insurance
– Employment insurance (EI) remittances
– Worker’s compensation board (WCB) remittance 

Income Tax

– Our income tax process starts from the moment we begin working together. From the initial consultation to tax return preparation and filing, you can always count on us for guidance, support, and responsiveness.

Our years of experience have given us a comprehensive understanding of all aspects of income taxes, enabling us to provide our clients with the answers they need.

Our tax process includes:
– Compilation of accounting information and preparation of financial statements
– Preparation and filing of personal income tax returns for both corporations and individuals
– Filing T2 corporate annual return and preparing notes and schedules as required.
Our services are customized to meet your individual needs, whether accounting for payroll, cash flow management, or payment processing. We get to know you and work with you to improve profitability while staying on top of your financials.

You Will Notice a Difference Using Bloomington Outstanding Tax

At Bloomington Outstanding Tax, we don’t just take your money and run! The first thing we do is consult with you to understand your business’s immediate needs. Then we develop a plan that meets your long-term goals. We want to be involved in all aspects of your company: from bookkeeping and tax preparation to establishing and managing payroll for you and your employees, so that you can focus on making more money, not fretting about paperwork or compliance issues. Our goal is to streamline processes within your organization, create efficiencies through automation where possible, and provide a support system so that you can be confident of your business’s health.
Building relationships is very important to us, which is why our clients receive personalized attention throughout our partnership – because we recognize that no two companies are alike.
Take the first step towards growing your business’ efficiency today by contacting Bloomington Outstanding Tax!