Accounting & Taxation

Celestial’s mission is to provide reliable accounting and bookkeeping services so you can spend more time concentrating on your business.You can relax knowing you are well prepared for the future.

We provide professional accounting and bookkeeping services to small and medium-size companies and not-for-profit organizations among others. Our accounting and bookkeeping services feature the following tasks:

1. Accounts receivable and payable
2. Bank reconciliation
3. Bookkeeping clean up
4. Payroll reconciliation
5. General Ledger and Journal
6. Business and personal accounts
7. Not for profit bookkeeping
8. Balance Sheet, Profit & Loss and Customs reports
9. Trial Balance review
10. Other related services

Typical challenges with in-house accounting and bookkeeping:

1. Without professional accounting and bookkeeping services, you run the risk of hitting cash flow crunches and missing potential opportunities of achieving efficiencies
2. Maintaining in-house bookkeeping can be time consuming thereby leaving little time for focusing on business which can be risky in today’s competitive environment
3. Inaccurate financial records can be misleading resulting in non or wrong compliances which could also lead to unpreparedness for quarterly and annual tax filings

Why use Celestial for accounting and bookkeeping services:

• Frees up valuable time and resources to make more sales and expand business
• Helps You Run Your Business Better by providing better insights
• Bookkeeping is not easy and it’s a skill that takes time and efforts
• Leverage latest tools and technology to provide meaningful data
• Professional booking can pay for itself by pointing out incorrect charges, double billing etc
• Identifying better profitable opportunities by assisting in guidance on profit margins and avenues

Assistance in Business Tax, GST Returns, Payroll Tax and any other business return requirements.

Who should file Corporate Tax Returns?

All resident corporations apart from registered charities, need to file a T2 Return for every tax year, even if there are no taxes payable.

One stop shop for assistance in Personal tax returns for all including employed, self-employed, seniors, married or single.

We pride ourselves in helping individuals file their annual personal income tax returns as efficiently as possible. We understand that income tax filing can be a dreaded task that is often procrastinated on which is why we try to make the process as easy as possible for our valued clients.

Our team of professionals aim to educate and familiarize each client with the tax regulations pertaining to them, in order to maximize their filing benefits.

24/7 assistance with any kind of question be it business or personal, from Canada Revenue Agency (CRA)

We also provide assistance in processing payroll on periodic basis, including determining pay, deductions, and setting aside taxes as required.

We also provide assistance in processing payroll on periodic basis, including determining pay, deductions, and setting aside taxes as required.

Canadian federal and provincial payroll regulations are constantly evolving and can be challenging for unfamiliar businesses therefore our team of professionals have a strong command over the labour laws pertaining to following areas :-

• Vacation Pay
• Termination Pay
• Minimum Wage
• Hours of Work and Overtime

Our team of finance professionals will gladly help you manage your ongoing cash flows and help you track your budget to actuals.