Services

At Arthur O. Solheim, LLP, We Strive To Provide Any Financial Service You Or Your Business May Need.

  • Accounting Services
  • Assurance, Reviews and Compilations
  • Bookkeeping/Write-Up
  • Cash Flow & Budgeting Analysis
  • Financial Statements
  • Tax Services
  • Estate & Trust Tax Preparation
  • Federal and Provincial Sales Tax (GST, HST, PST and QST)
  • Payroll Services
  • Tax Planning & Preparation
  • Consulting Services
  • Accounting Software Selection & Implementation
  • Business Consulting
  • Business Succession Planning
  • Business Valuations
  • Estate Planning
  • Purchase and Sale of a Business
  • Retirement Planning
  • Other Services

Tax Services

Personal & Corporate Tax Preparation

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include, but are not limited to:

  • Tax planning for individuals and corporations
  • Return preparation for: Individuals – Corporations – Estates and trusts – Not-for-profit organizations
  • Provincial and federal commodity tax planning and compliance
  • Tax considerations in matrimonial settlements
  • Tax effects of buying/selling a business
  • Tax effective retirement and estate planning

    Estate & Trust Tax Preparation:

    Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

     

    Federal and Provincial Sales Tax (GST, HST, PST and QST):

    Many of our clients are responsible for collecting and submitting sales taxes in many different jurisdictions. We can assist your company in the compilation of information and preparation of sales tax returns, and in controlling your sales-tax-related costs.

     

    Payroll Services:

    As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.

     

    Tax Planning & Preparation:

    Tax planning and preparation form a winning combination for our successful individual and business clients. Our experienced staff can develop tax-minimization strategies to optimize your after-tax position.

     

    Accounting Services

    Stay Organized & Perpared For The Future

    Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

    • General ledger & financial statement preparation
    • Bookkeeping (Monthly/Quarterly/Annual)
    • Accounting system setup for new businesses
    • Compilation of financial statements
    • Reviews

    Assurance, Reviews and Compilations:

    We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on many levels of assurance:

    • Review – some analytical procedures conducted with limited assurance
    • Compilation – based upon client information provided and used primarily for internal use.

     

    Bookkeeping/Write-Up:

    Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.

     

    Cash Flow & Budgeting Analysis:

    A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.

     

    Financial Statements:

    We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

     

    Consulting Services

    In a Sticky Situation? We Can Help

    We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:

    • Accounting software selection and implementation
    • Business valuations
    • Buying/selling a business
    • Business process improvement
    • Computer systems
    • Financial & retirement planning
    • Estate planning

    Accounting Software Selection & Implementation:

    With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we have knowledge of most programs, either through personal experience, or industry literature. Our experienced staff can help you choose and implement the system that best fits your needs.

     

    Business Consulting:

    We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

     

    Business Succession Planning:

    Effective transition of your business to your successors is critical to its continued prosperity. With a solid background in tax, succession and estate planning, and other financial matters, we are fully qualified to address the complex issues of business continuation.

     

    Business Valuations:

    A professional and objective business valuation is a necessary component of many transactions, such as purchase, sale or reorganization of a business, shareholder and partnership agreements, matrimonial settlements, or estate proceedings. Our experienced team will provide you with an objective and accurate valuation of your business assets and goodwill.

     

    Estate Planning:

    Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

     

    Financial Planning:

    A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.

     

    Purchase and Sale of a Business:

    Preparation and planning are key to the successful purchase or sale of a business. Our team can assist you with all aspects your transaction, including valuation, cash flow analysis, tax minimization and transition planning.

     

    Retirement Planning:

    Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.

     

    Contact Us

    For any and all accounting or finacial services contact us and see how easy it can be!

    info@solheim.ca

    (403) 235-2040

    102, 811 Manning Rd NE, Calgary, AB T2E 7L4

    M-F: 8:30am-5pm, S-S: Closed