Frequently asked questions

How To Get Started

The first step is to contact our office via the contact form below or by phone. Our accountants in Calgary can then conveniently review your needs over the phone to help you to determine the next best step.

Which Solution is Right for Me?

Most companies will choose the right solution based on the following criteria

  • How much accounting is required every month?
  • How frequently do you require reporting on your financial performance?
  • What is your budget for accounting support?

We will help you to determine the right mix of services for your needs in our first complimentary review.

Why Choose Padgett?

Our experienced Calgary-based accountants don’t just balance your books. Along with AFFORDABLE monthly accounting, we offer sound business and tax advice at NO EXTRA COST. You don’t even have to come to us or tie up space in your office for our accountants.  We pick up and deliver at NO CHARGE and keep your valuable financial information SAFE, BACKED UP and OFF-SITE in case of fire, theft or flooding.

What if I Forget Something?

At Padgett Business Services, we process many tax returns every year. With our personal tax clients, we routinely do a tax questionnaire that will capture all of the information that will be necessary to create an accurate tax return. For the corporate tax returns, we will review the financial statements with the client before proceeding to the tax preparation stage. Our accountants in Calgary are always on the lookout for another deduction or missing expense that we can claim to reduce the tax burden.

If you still forget something, we will help you to determine how and when it needs reporting.  This service is offered at NO CHARGE to our monthly and quarterly clients.

Where are My Books Stored?

Clients will usually provide us with their records to allow us to process their accounting.  When completed, the original records are returned to the clients for safekeeping.

Padgett also keeps a copy of journal entries, financial reports and tax returns for our monthly and quarterly clients.

Documents and Preparation

A monthly or quarterly client will receive the following items every time we have completed our work:

      • Notice to Reader
      • Balance Sheet
      • Income Statement
      • General Ledger Listing
      • Disbursements Register

Tax clients receive a print out of their personal or corporate tax return.  They will also receive a confirmation of filing from the CRA.

Canada Revenue Agency

Are you starting a new small business in Canada or already operating one as a Sole Proprietor or Partnership? Then the link below will provide you with many of the answers you are seeking from the Canada Revenue Agency (CRA).

https://www.cra-arc.gc.ca/smallbusiness/

If you are looking to incorporate in Canada or if you are already a corporation, then the link below will provide you with many of the answers you are seeking about corporations from the CRA

https://www.cra-arc.gc.ca/tx/bsnss/tpcs/crprtns/menu-eng.html