We believe that preparing financial statements and rendering an opinion on them is a limited view of what accounting firms can do for their clients. JM & Associates thrives because we focus on what clients need. All businesses suffer the same consequences from a lack of planning. Our firm brings planning to bear on the decision making of your business. Accounting is merely a measurement system to help you develop some accountability for your decisions. We work closely with our clients to establish plans for business, compare results to plan, reduce taxes. These activities are completed in the context of your long term financial goals whether they be retirement, succession planning or just getting out of debt before you die. Yes our balance sheets balance, our forms are filled out beautifully and we strive to file on time, every time…these are mandatory to all clients, value is added when you work with a professional who actually cares enough to ask about your goals and then helps you build a plan to achieve the goals. More important, we provide you with the accountability necessary to real questions about our Auditing and Accounting services please submit them here. Remember to leave us a return e-mail address so we can respond.
Tax Reduction Strategies
Pay Less Tax….Gather all the information, Complete the Research, Think outside the box, present the options, assess the risks and complete the plan. If this is not the process you use to establish what you owe our government, maybe you should re-think your position. It is almost a virtual certainly that all successful businesses will pay more in tax than any other single expense. We believe investing your money in ensuring that the number paid is the lowest amount legally possible is not only good business, it is a good investment. Tax Inquiries should be made by e-mail to or by calling the office at (905) 338-8343.
Financial Planning and Wealth Building
The Pay Less Tax team provides comprehensive investment management services to its clients through a joint venture with John Tabet, Financial Advisor (Industrial Alliance Securities Inc.), and his team (Wealth-By-Design Consulting). John's broad industry experience has provided him a unique perspective on investments and the investment industry. With direct experiences as a bond and equity trader, new issues, institutional & correspondent services, day trading and mutual fund sales and service, John brings a wealth of knowledge. John and his team's passion is to mitigate risk in portfolios, manage costs, and provide investment management advice on a pro-active basis. Coupled with the knowledge of your tax situation, business results and long-term objectives, this provides our clients with a 'one-stop' shop. There is no contradiction of strategies, just one window of seamless planning and execution. As a full service brokerage advisor, John and the Wealth-by-Design team can advise and assist in managing stock, bond and mutual fund portfolios - along with many other investment strategies.
For more information visit www.wealth-by-design.ca
Estate and Succession Planning
When you add time to the planning and execution above, you end up with estate and succession planning issues.. Our estate planning practice involves planning and minimization of taxes to be paid on death and provides advice for the most tax effective transfer of wealth, often before death. Succession planning tends to be a corporate service that often involves estate planning. The successful transition of a business between previous and new ownership is an area where our advice has a highly valued.. Often, estate planning is a major consideration when selling or during the succession process. If you have any questions about estate, succession, buying and selling a business, business valuation, mergers, or acquisitions please submit them below.
Expense and Reduction Analysis
Expense Reduction is an area where we differentiate ourselves from our competitors. Preparing financial information is of little value unless you can find ways, to use that information, to help your business clients, increase profitability. Our expense reduction consulting compares your expenses to industry averages and offers advice and solutions for reducing spending without compromising quality or production capacity. To find out more about how these services will benefit your organization or if you have a question, please submit the information below.
Accounting Technology
When accounting technology is doing its job, it is providing up to date information to the desks of those who need it, in a timely fashion. These desktops can include owners, managers, bankers, shareholders, government reporting agencies and a host of other financial information users. John MacDonald & Associates integrates accounting technologies into every client relationship. Whether you are installing your first PC and bookkeeping software to industry specific EDS and EDM we can help you find the right solution. If you have questions about any aspect of accounting technologies please submit them below.
Mergers and Acquisitions
Mergers, buyouts, acquisitions and strategic alliances. Businesses are getting together today like never before. Big box and the bigger is better phenomenon are pushing smaller and more regional and local businesses to consider how joining forces will help them capture market share, improve deliveries, lower costs and much more. To find out about how our merger and acquisition services can help you please call our office or submit your question below.
Business and Strategic Planning
Plan your work and work your plan. It seems simple enough and yet many businesses never get thoughts to paper or ideas to fruition because of the absence of a written strategy. More than a vision and a mission statement, a strategic plan involves looking at your business strengths, weaknesses, opportunities and threats (SWOT) under a microscope. This information is used to manage change and risk, set business goals, establish strategic initiatives and assign responsibilities. Often the best approach is to use an experienced facilitator to help keep your plan on track and focused. This is where we come in. We provide the financial and business advice that concentrates on what makes businesses grow. Clients use our business and strategic plans for a wide range of purposes. If you have questions about the process or how it will benefit any organization please call the office or submit your questions using our online contact form.
Business Reorganizations
Sometimes in business, things don't work out as we plan. If we can learn from the mistakes of the past and re-organize a company, the future can be bright. If your company has endured financial difficulty, built a profitable income statement, but the balance sheet is ugly as a result of the path to profitability, we can help you assess the situation and set a strategy to maximize your opportunity. We work closely with trustees and insolvency solicitors to develop and execute re-organization plans that work.
