Tax & Financial Services

JK Business Solutions Inc. is here to help.

We’re with you. Every step of the way.

Work with us. Experience what we have to offer your business, and grow.

Sensitivity to your time is of the utmost importance. In light of that, our advisors and team are trained to operate in as efficient a manner as possible to eliminate unnecessary steps that cost you time and slow down the process.

Everyone has different needs, however over our decades of experience we’ve found that individuals in the following categories typically are served best by these services: 

Preparation for your future is our business.

We offer a brand new feature that allows you to do all your submissions without leaving the house. Sick of paper copies of everything? Want to submit your receipts or forms from a remote location without transporting all your paperwork?

We can manage your needs without you having to leave the house. After your first consultation, we can set you up with a highly secure management portal, no more dragging boxes of paperwork to our offices. You can access your information anywhere you are.

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Our Services Include:

Personal Tax Preparation

Your personal income tax may be the highest expenditure in your entire life and you should do everything in your power to reduce this lifetime liability. You may not have time to do your tax return or keep up to date with changes in tax regulations. The Canada Revenue Agency has useful information about the process to file, but is not as helpful in figuring out how to calculate your personal taxes. That’s where we come in. Our expertise is to understand the laws and regulations for income taxes in Canada in order to claim all your expenses and tax credits. A professional tax consultant can save you money and receive an income tax.

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Our tax team is adept at making practical and insightful recommendations that will minimize your tax burden and retain more of your hard-earned money.  JK Business Solutions  is at its best when we are able to establish proactive partnerships with our clients. That way, we are able to formulate our strategy at the outset of yearly taxation planning. However, we also confidently deliver reactive tactics that alleviate the stress and financial strain associated with high-value taxation disputes.

The complex processes that will earn you the highest yield on your income do not intimidate our accountants. We will take care of everything from the document requests from the Canadian Revenue Agency (CRA) to full-scale tax audits with varying degrees of complexity.

We are confident that our sophisticated models of personal client service will put you at ease and your finances in exceptionally capable hands.

Corporate Tax Preparation

We view our relationships with our clients as ongoing partnerships. our dedication to you doesn’t stop after Tax season. Throughout the year, we will keep up to date on current tax laws to minimize your tax liabilities and to maximize your future opportunities. You are working hard to build your business, so let us work for you to ensure you only pay what you owe to the CRA. 

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Are you taking full advantage of your tax credits as well as daily expenses to run your business? There are different tax issues for small businesses of which you should be aware. We can help you get all the answers, and even offer solutions you weren’t aware of.  We pledge to provide you with quality, up-to-date tax return preparation and advice, whatever your tax planning and preparation needs—whether you’re a sole-proprietor business or operate a multi-tiered corporation or partnership we have the staff and expertise to guarantee professional, accurate, and on-time tax services.

Financial Planning

A comprehensive evaluation of an individual’s current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.  This often includes a budget which organizes an individual’s finances and sometimes includes a series of steps or specific goals for spending and saving in the future. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan is sometimes referred to as an investment plan, but in personal finance a financial plan can focus on other specific areas such as risk management, estates, college, or retirement.

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A financial plan may contain prospective financial statements, which are similar, but different, than a budget. Financial plans are the ENTIRE financial accounting overview of a company. Complete financial plans contain all periods and transaction types. It’s a combination of the financial statements which independently only reflect a past, present, or future state of the company. Financial plans are the collection of the historical, present, and future financial statements; for example, a (historical & present) costly expense from an operational issue is normally presented prior to the issuance of the prospective financial statements which propose a solution to said operational issue.

Growth and New Market Consultation

When entering a new market, it is vital to make it a strong, well supported venture. Otherwise, your business can fall to the wayside, as other companies do a better job executing on their growth strategies. We can help you focus on consumer impact, Tailor your business model entirely around consumer demands, and help you provide an unvarying and uniform foundation to ensure your business can grow the way you want it to.

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Consistency of operations is arguably one of the most important considerations for those entering any market. Implementing predictive and control measures allows quality and efficiency to co-exist.

Delivering on these points successfully will aid any enterprise in penetrating a given market segment. A loyal customer is born and a long-standing business model is the end result.

Retirement Planning

It’s never too early to start saving for retirement. This may make saving and planning for retirement easier than starting to save later in your career. Saving early means you have to save less each month, and your money will have more time to earn a larger amount of compound interest.  We can help you outline an optimal plan to retire when you want to. Your spending habits in early retirement may be quite different from your spending habits in late retirement. We can help guide you through predicted market changes to ensure your security. 

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Your income during retirement will typically come from three main sources:

  • the Canada Pension Plan (CPP) or Quebec Pension Plan (QPP)
  • the Old Age Security (OAS)
  • employer-sponsored pension plans and personal savings and investments

You may hear these called the “three pillars” of Canada’s retirement income system.

You’ll need to know how much money you may get from these sources to be able to plan for your retirement. You’ll also need to consider what to do with your personal savings at certain stages in your life.

You should start thinking about all of these things before you retire. This will help you figure out when you can comfortably retire, and how much money you can expect to have when you do. We can get you the best plan to plan for your future, and for your family.

New Business Setup Consultation

Starting your own business? We can assist you in all the steps necessary to ensure your business’ success. We can assist you in registering and optimizing your financial setup, and we will work with you as you grow your business and enter new markets.

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There are countless forms and resources that are required to meet municipal, provincial, and  federal government requirements. You don’t need to do this alone. We have been working with clients for well over a decade, ensuring your success. We work with all business big and small alike, so we can not only get you started – but give you the best possible change for success.

Bookkeeping Services

Here at JK Business Solutions, we provide small business owners with accounting services that allow them the ability to focus on the business they have a passion for and want to make successful. We specialize in customizing bookkeeping services to accommodate each client – no two are exactly alike. For that very reason, we specialize in customizing our services to meet each client’s unique needs. 

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  • Send out customer statements on time so you can get paid
  • Know exactly who’s behind in paying you in order to resolve these problems quickly
  • Find out if you have a theft problem before its too late
  • Avoid paying a bill twice by mistake
  • Capture discount opportunities by paying vendors on time
  • Know when you have excess cash so it can be put to work to earn you money
  • Have detailed knowledge of expenses so you know which ones can be reduced
  • Get the maximum possible tax deductions for the expenses of running a business

Our Services Include:

  • Accounts Payable/Bill Payment
  • Accounts Receivable/Invoicing
  • Bank Reconciliation
  • Balance Sheet Statement
  • Income Statement
  • Monthly/Quarterly Financial Statements
  • Outsourced Payroll Data Entry
  • Budgeting
  • Bookkeeping Consulting
  • Quickbooks Setup/Support/Consulting
  • Sales Tax payments (if applicable)

Payroll and Management Services

Effective payroll management services have a significant two-fold benefit for an organization. When outsourced to a professional payroll processing company, such services not only allow the organization to stay focused on core business processes, but also facilitate in ensuring employee satisfaction through accurate and timely payroll processing. Subsequently, based on these two benefits alone, a company, irrespective of is size or industry, should consider outsourcing payroll processing services to dedicated service providers.

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Achieve Substantial Cost Reductions: The most important advantage of outsourcing payroll processing services would definitely be cost-cutting with regards to maintaining office space and staff. Furthermore, overhead costs can also be avoided as a result of this arrangement.

Ensure Accuracy and Timely Delivery: Needless to say, when we handle payroll processing, efficiency is guaranteed in the form of accuracy and quality of output, apart from assured timely delivery. This, in turn, can keep the moral of the staff up in an organization when the paycheck arrives in time.
Avail skilled Resources Supplemented by State-of-the-art Technology: The worst problem that an organization can face and lose money on is the human error factor of handling payroll. Moreover, providing dedicated staff to process payrol becomes costly too. In such a scenario, outsourcing the entire process to a payroll processing company gives access to skilled professionals who can provide premier services using state-of-the-art technology.

Timesheet generation requires specific methods of calculating daily wages and overtime that varies from organization to organization. Since the first step towards effective payroll processing is precise timesheet processing, therefore, service providers offer flexible and custom solutions for timesheet processing.
Ensure Secure round-the-clock Services: Outsourcing payroll management guarantees secure transactions pertaining to employee details and payment calculations. This ensures complete accuracy that might otherwise be breached when performed in-house in case the particular employee has malicious intent or turns rogue.

Frequently Asked Questions 

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What Tax information do you need?

We will require a number of items to ensure you get everything back that you deserve. Please reference this checklist to ensure you get us everything we need to assist you. Click here for the checklist.

What is a financial plan?

“It’s a written document that takes a big-picture look at your whole financial situation, both now and in the future. It identifies and prioritizes your short, medium and long-term lifestyle and financial goals; it clarifies your current financial position, including your net worth and cash flows; and it specifies the steps and strategies you need to take to get from here to there.”

A financial plan is a tool with well-defined objectives. It’s a roadmap that helps you define your financial life goals and provides the tools, information and structure necessary to organize your finances and make the most of the money you have. For more information, contact us below!

What is an investment advisor?

An investment advisor manages your portfolio of investment products. They will recommend you buy or sell investments, and are usually paid based on the financial products you buy or by the size of your account. It is important that you understand how your investment advisor – or any financial advisor for that matter – is compensated.

What is a complimentary consultation?

A complimentary consultation is your opportunity to speak directly with our staff and learn more about the services we offer and the benefits you can expect. It’s also a chance for the coach to learn about you and your needs, so you can mutually determine if there’s a good fit to work together to address your financial challenges.

Service Info

I have a complicated tax situation. Can you help?

There is no minimum or maximum at JK Business solutions. That means no matter the job at hand, our team of expert advisors can get your personal or corporate financial situation not only sorted, but optimized for success!

What tax problems and risks do you need to be aware of?

A tax problem can quickly become a tax emergency.

Unresolved tax issues with the Canada Revenue Agency (CRA) pose significant risks to taxpayers. The CRA has formidable powers that it exercises frequently to collect under the various tax acts. Taxpayers facing problems such as past due tax returns, undeclared income, or outstanding tax debt could face harsh consequences including:

1. Interest: Unpaid taxes can accrue significant interest, often increasing the tax debt many times higher than original amount. Interest charged by the CRA is compounded daily and is set at a rate much higher than that offered by financial institutions. In most cases, interest accrual cannot be stopped until the entire debt is paid in full.

2. Penalties: The CRA often levies financial penalties on filing errors and/or omissions, including late filing penalties, repeated failure to report penalties, and gross negligence penalties which can be as high as 50% of the understated tax. Penalties are meant to be punitive and the CRA usually applies them very liberally.

What if I live out of town / out of province?

We have an online portal that you can use to submit your take information and we can share information and updates with you without having to leave the comfort of your home / office.

What Our Clients are Saying:

Ethan Cox

November, 2015

I am really impressed with your accounting services. Anyone ask me about company tax or income tax help in Sherwood Park, I will recommend you people. Very professional & efficient accounting team.

Norma Button

★  March, 2019

I have known Kelly for about 4 years now, and it is so nice to see someone take pride in what they do… Kelly goes the extra mile… It is so nice to talk with someone, and not a machine… If you are looking for someone who cares about you? reach out to her, you will not be disappointed… I would highly recommend Kelly with pride!

Justin MacMillan

Feburary, 2018

Having this service available has made the financial aspect of my company extremely easy and effecient. They’re very trustworthy and does business at a very reasonable price. I’m very happy with my services and would highly reccomend !

Our Service Area

We are located in Sherwood Park, Alberta, but we can offer service to anyone in Canada. Call or email our office for your free consultation.

JK Business Solutions

Suite 210 –  10 Chippewa Rd,
Sherwood Park, AB,
T8A 3Y1