About the people behind WGI Services
Curious as to why we're better?
With over 45 years of combined experience working in a Chartered Accountant firm, we are dedicated to providing a standard of excellence in delivering our services.
Bad bookkeeping costs you money and time. Take some time to consider the following trademarks of bad bookkeeping;
- Creates and improper/inaccurate set of financial statements
- Poor management tool - makes it difficult for management to accurately assess the company’s performance, cash flow, profit and sales activity
- Records not kept up to date can result in penalties from late filing of tax and GST returns
- GST reporting errors can cause GST audits
- Poor bookkeeping can cause corporate tax audits
- Creates extra work (time, money) for an accounting firm preparing year end financial statements and tax returns
- Improper financial statements will discourage lenders from providing required financing
- Could cause overpayment of taxes due to lost receipts and unclaimed deductions
Good bookkeeping generates accurate financial statements on a timely basis in a manner satisfactory to the CRA, as well as banks and financial institutions broached by the business.
