We’d Love to Work With You
Bulat & Poustie offers a wide range of professional services to our individual and business clients. Our clients benefit from personalized, quality service that is beyond comparison.
As the list below is by no means comprehensive, we encourage you to contact us and inquire about a service if you do not see it listed.
Accounting Services
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services, including the following:
- General ledger & financial statement preparation
- Bookkeeping (Monthly/Quarterly/Annual)
- Accounting system setup for new businesses
- Compilation of financial statements
- Reviews of financial statements
- Audits and reviews
Audits, Reviews, & Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:
Audit - an intensive examination with the highest level of assurance
Review - some analytical procedures conducted with limited assurance
Compilation - based upon client information provided and (primarily for internal use)
Audits
At Bulat & Poustie, our audit team follows Canadian Auditing Standards (CASs) and adheres to rigorous quality control policies to provide you with an audit opinion that meets the highest standard.
Through careful review of your financial statements and other business records, the audit team analyzes and cross-checks important information about your business. This enables us to offer you valuable advice on how you can improve your internal controls, identify any fiscal irregularities before they become an issue, and help you grow your business.
To find out what Bulat & Poustie can do for you, please contact Ira Friesen, CPA, CA, Partner, Assurance Services at ifriesen@bandp.ca or 204-831-1700 ext. 211.
Reviews
A review engagement provides limited assurance that the financial statements are presented fairly in accordance with applicable standards. The financial statements are assessed through enquiry, analysis and discussion. In addition to a review engagement report, we can provide you with comparative benchmark analysis. This, along with other financial indicators, will help you interpret your financial results and ease your business decision-making process.
Compilations
Although your financial information systems will often provide you with the detailed information you need, you may require assistance putting together a set of financial statements summarizing your operations. The Bulat & Poustie team can meet your compilation needs by assembling your information into professionally prepared financial statements.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.
Forensic Accounting
We use accounting and auditing skills to provide an analysis of financial records in conjunction with dispute resolutions, as well as fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
Tax Planning & Preparation
Tax planning and preparation form a winning combination for our successful individual and business clients. Our experienced staff can develop tax-minimization strategies to optimize your after-tax position.
Tax Planning
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current tax developments to minimize your tax liabilities. Some of our services include:
- Corporate and tax planning and preparation
- Personal tax planning and preparation
- Corporate reorganization
- GST and PST taxation matters
- Canada Revenue Agency audit assistance and negotiations
- Corporate acquisitions and dispositions
- Disability tax credit applications
- Scientific Research and Experimental Development (SRED) claims
Computer Consulting
Whether you are contemplating the addition of new computer hardware or overhauling your network, our experienced staff can assist you with many of the difficult decisions that must be made when designing your business's computer systems.
Consulting Services
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following are just a few of the areas in which we provide consulting services:
- Accounting software selection and implementation
- Business valuations
- Buying or selling a business
- Business process improvement
- Computer systems
- Financial & retirement planning
- Estate Assistance with mergers, acquisitions and dispositions of businesses
- Assistance with bank financing proposals
- Business start-up and expansion planning
- Development of internal controls
- First Nations accounting and advisory services
- Forensic accounting and examination
- Litigation support
- Management reporting
- Preparation of budgets, cash flow projections and forecasts
Accounting Software Selection & Implementation
With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we have knowledge of most programs, either through personal experience or industry literature. Our experienced staff can help you choose and implement the software that best fits your needs.
Business Valuations
A professional and objective business valuation is a necessary component of many transactions, such as purchase, sale or reorganization of a business, shareholder and partnership agreements, matrimonial settlements, or estate proceedings. Our experienced team will provide you with an objective and accurate valuation of your business assets and goodwill.
Purchase and Sale of a Business
Preparation and planning are key to the successful purchase or sale of a business. Our team can assist you with all aspects your transaction, including valuation, cash flow analysis, tax minimization and transition planning.
Expert Witness Services
Pending or existing litigation can result in the need for a qualified professional to present his/her opinion to support or oppose evidence submitted to the court. Our level of competence allows us the opportunity to function as expert witnesses in such cases.
Litigation Support
Litigation support involves the quantification of economic damages pursuant to existing or pending litigation using accounting and auditing techniques. We have experienced staff who can compile information efficiently to assist in the calculation and documentation of any potential economic loss or damages.