5 steps to preparing for a financial audit
Let’s face it: “audit” is a heavily dreaded word no business owner wants to hear, let alone think about. But even though an audit might seem unlikely, it's crucial to prepare.
We live in a fast-moving world where things can change at any moment. That’s why we believe your accountants should be a stable, dependable presence – one that provides certainty when everything else is uncertain.
Welcome to the new way of doing accounting. Our modern approach combines slick cloud-based systems, fully paperless processes and a knowledgeable, proactive team of professionals who help lift the burden of running a business.
Our mission is to remove all pain points from your company’s finances. We do this by combining the latest cloud technology with our sector-focused expertise in accounting, payroll, and tax, ensuring all systems run as smoothly and efficiently as possible.
The recipe starts with getting to know you and your business better – we need to make sure we’re a good fit for each other before diving in. Once we build a base, we’ll go back to the drawing board and draft up a tailored process for your business. Then we’ll hop on another chat to show you what we have in mind and how we’ll work together, with a goal towards creating an accounting process that addresses your business’ specific needs.
Filing folders, cabinets, shoes boxes... time to forget them. Your team of virtual accountants uses smart tech that automates parts of the accounting process, which means everything is totally paperless. Less work, less waste, and less harmful for the environment.
Your focus should be on growing your business, plain and simple. Our focus is your success, which means we need to be accessible and responsive. We make sure that a quick turnaround for any accounting or tax question is a top priority.
Our focus is on quality, not how many hours we can spend on a deliverable. In turn, you pay for a result, not for time spent.
Ambitious plans for the future of your business? Xen Accounting can provide both you and your business with the right expertise to expand and grow – not just locally, but globally.
Let’s face it: “audit” is a heavily dreaded word no business owner wants to hear, let alone think about. But even though an audit might seem unlikely, it's crucial to prepare.
If you own a small business, chances are high that budgetary concerns are high up on your list of priorities. But what many don’t realize is that there’s actually a decent amount of available funding out there for Canadian small businesses—funding that’s just waiting to be tapped into.
TaxRead on to learn how the capital gains tax inclusion rate affects medical practitioners, and what you can do to mitigate the increased tax burden.
Let’s get to know each other – fill out a simple online questionnaire and we’ll schedule a free Zoom call. We’ll get to know your business better, and explore whether we’re the right fit for one another.
If we decide to work together after our discovery call, we’ll have a second free call to walk you through our process, familiarize you with the apps we use, and discuss a plan that’s tailored to your company’s needs – both for the immediate and the future.
Onboarding can be a little scary, but we’ll handle the process from A-Z for you. We’ll introduce you to your new team of dedicated accountants, then give you a little refresher on how the process works and how to use the different technologies. Now’s when things really take off: we start handling your day-to-day accounting so you can focus on growing your business.
Our goal is to continually make improvements to our process to best meet your company’s needs. Over the first few months we’ll check up regularly to ensure you are fully comfortable with the new setup, and make any necessary tweaks to make sure things are as efficient and lean as possible.