Accountants for the Distribution Industry

Canadian distributing companies often find themselves facing significant competition, both domestically and globally. Improving upon cash flow, procuring sales, and managing expenses are all incredibly important to businesses attempting to grow and thrive in this environment. Through an accounting service like the Toronto accountants at Hogg, Shain & Scheck, distributors can acquire the financial information that they need to expand and grow.

Accounting Services for Distribution Companies

Any business needs to know their income and operating expenses if they are to generate positive cash flow. A professional accounting and bookkeeping service will be able to deliver reliable, accurate income and expense information that follow Generally Accepted Accounting Principles (GAAP).
These accounting services are essential for companies seeking investments, growing and developing, or simply managing their debt and paying out their creditors. Hogg, Shain & Scheck provides full tax, accounting for distributors, wholesalers, and other similar industries.

Risk Management and Growth Projections

Distributors seeking growth will need to undergo comprehensive market analysis, risk management, and revenue projections — all of which a reliable financial partner can assist and provide.

Our management consulting services focus on three core areas:

• Business planning and strategy
• Business management
• Operational improvement & efficiencies

Without risk management and careful analysis, it can be impossible to determine whether a market will be able to sustain growth or whether the company itself will be able to weather more difficult economic times. By building a solid financial strategy, companies can make educated decisions regarding their future.

Sales, Income, Payroll, and Other Taxes

There are many tax returns that a distribution company must file, from payroll taxes to general sales taxes. The failure to pay commodity and income taxes on time can lead to some stringent penalties and fees — which an accomplished, professional accounting service can aid in avoiding. Taxes change from year to year and it can be a full-time job simply tracking these amendments. A professional tax service will be able to manage all an organization’s tax accounts, ensuring that they are always current and in compliance. By paying taxes on time, organizations can avoid costly fees.

Our Corporate Tax Services include:

• Compensation planning
• Reorganizations
• Regulatory and compliance filing, including tax returns
• Corporate income tax returns
• HST, GST and other sales taxes
• Representation before tax authorities
• Duties & Cross-Boarder taxes

Contact Hogg, Shain & Scheck today to learn more about the services that we offer distribution companies. From comprehensive tax services to general accounting, we can handle all your financial and accounting needs.