Bookkeeping Services | Company | theprofitcenter.ca

http://www.bookkeepingservicestoronto.com/aboutus.html

About The Profit CenterThe Profit Center is a full service bookkeeping and accounting firm that provides our clients with financial answers that are critical to the success of their business.
Our solid foundation ensures our clients get the qualified experience, knowledge and expertise they need in a timely and efficient manner. Our goal is to work with you, anticipate your desires and help you make your business as profitable as it can be.

Our clients vary from small to medium sized businesses and include the following types of businesses: retail, franchising, manufacturing, distribution, consulting, professionals, and not-for- profit organizations. We enjoy the challenges of all our clients' businesses, be they small owner operators, or larger corporations. We work closely with our clients to meet their specific needs.

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Bookkeeping Services | In Arrears | theprofitcenter.ca

http://www.bookkeepingservicestoronto.com/inarrears.html

Its never too late to get back on trackThe Profit Center understands that sometimes when running a business the bookkeeping can fall to the way side and not get done for months or years at a time, often leading to stressful times due to interest and other penalties.

We have dealt with numerous clients in these circumstances and have brought all their accounting and bookkeeping up to date in less time than you would think and at an affordable cost. During this process we ensure that the daily bookkeeping is kept up to date while also working on the arrears.

You can COUNT on the Profit Center, given that at the end of the day we will treat your business like ours and ensure it is kept on track.

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Bookkeeping Services | Not for Profit | theprofitcenter.ca

http://www.bookkeepingservicestoronto.com/notforprofit.html

When helping others is your businessNo matter what not-for-profit business you're running, we at the Profit Center can help. Supporters want a guarantee that their money is going where it's required the most, so they can continue to support your business. We can assist in all the bookkeeping and accounting services required.

Speed & EfficiencyOur intimate size at the Profit Center allows us to be on top of most situations responding to the diverse and often immediate problems clients can face, after partnering with the Profit Center clients no longer need to worry about working alone.

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Bookkeeping Services | Individuals | theprofitcenter.ca

http://www.bookkeepingservicestoronto.com/individuals.html

Imagine what you could do with all that extra free timeYou work hard for your money, and earned your success. In addition to the services which we recommend to all of our clients we can help you and your family business/sole proprietorship develop your strengths while helping you introduce structure to your business and to manage the communication between business and family life.

Cost EffectiveOur staff of professionals are always accessible and working efficiently for your business. They become your partners, working with you to understand your business and develop new strategies for growth whenever and wherever you need them. All this at a price your business can afford.

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Bookkeeping Services | Business | Cost Effective | theprofitcenter.ca

http://www.bookkeepingservicestoronto.com/business.html

Its time to take your Business to the next levelWhat is the secret of taking your business to the next level of success? The answer is the Profit Center; we have a long history of being more than just bookkeepers or accountants. Our partners bring a broad and wide range of expertise to the table; it's our job to see that our clients reach their economic potential.

Ease of useOur promise is to be involved with our clients. We make it our guarantee to know your business, to understand it and its possibilities. We offer new ideas to help your business profits grow so you don’t have to worry. It’s that kind of ease of use we want you to come to expect.

Bookkeeping and Accounting Services in Toronto | theprofitcenter.ca

http://www.bookkeepingservicestoronto.com
What can The Profit Center do for me?We are an approachable, efficient team of business accounting professionals who want to be your silent business partner, readily accessible to advise your company on any business endeavor and ensure that your business stays on top of its bookkeeping requirements so that your company’s profits can grow.

Our Promise to youThe profit center is your one stop bookkeeping centre. We specialize in all areas of bookkeeping and accounting. Whether your bookkeeping is current or in arrears, we can help. Our staff specialize in ensuring your bookkeeping is kept up to date or, if in arrears, is processed as soon as possible to minimize any applicable penalties. With our service your headaches are reduced and your profitability should increase.

US Tax Returns: ITIN Individual Tax Identification Number

We are an authorised acceptance agent with the IRS which will allow us to notarize documents when applying for ITIN number. Phone us for prompt service in obtaining this important number where necessary.

Are you are a U.S. citizen (born in the U.S.), Green Card holder, U.S. resident, or Canadian with U.S. source income, you may have exposure to U.S. tax filings.

Consider the following:
Do you rent out a US condominium?
If you own a U.S. condominium that is rented at any time during the year, you must report this amount on a U.S. return. If you do not file a return, they may assess you the tax and disallow any expenses.

Are you a US citizen?
. If you are a U.S. citizen you are required to file a U.S. Personal Income Tax Return regardless of where you live or your income level;

. If you are a U.S. citizen with a Canadian RRSP, the amount of income earned in the RRSP is not exempt from U.S. tax unless you file an election with your U.S. Personal return. The election is denied if you fail to file a return;

Important: American citizens with Canadian and overseas bank/security accounts are required to report to the United States Treasury Department by June 30 of each year. This is not complicated however, if you do not comply, you may face severe penalties such as . 10% of the maximum amount held in the foreign account up to 50% of the amount in the foreign account

Other US considerations for anyone
. If you dispose of a U.S. property, a U.S. return is required;
. If you sell services or product to the U.S., there may be a requirement to file a U.S. return.
. ITIN Individual tax identification number
. Individual tax identification number ITIN may be required. We are an authorised acceptance agent with the IRS which will allow us to notarize documents when applying for ITIN number.

Contact us now to review your situation and ensure that you comply.

Gary Booth Chartered Accountants
555 Burnhamthorpe Road, Suite 607
Toronto, ON
M9C 2Y3
Phone: 416.626.2727
Fax: 416.621.7136
E-mail us: gary@garybooth.com
http://www.tax-services-toronto.com/ITIN_Individual_Tax_Identification_Number_US_Tax_Returns_America.html