Our expertise and knowledge of the Canadian film and television business, including the myriad of complex government programs and tax credits, has made us the leader in the industry.

Our services include production tax credit filings and collections, production audits for tax purposes, structuring and tax advice, corporate financial statement audits and reviews, advisory and consulting services for lenders to the media industry, investors and sellers, due diligence investigations, valuations and transaction support. We are often consulted on cross border structuring and are involved in tax assessments and compliance.

The legislation governing the media and entertainment business is intricate and is constantly evolving. We are on top of any legislative and tax changes and prospective amendments and help our clients react and adapt to this ever-changing complex environment.

Whether you’re a franchisor or franchisee, precision is vital in overseeing a profitable business. ZHS offers accurate and timely solutions for franchises. We have experienced accountants who understand the unique needs of franchises- beginning with the need to spend more time on making sure the core functions are in full working order. Whether you need help streamlining day to day sales and other financial transactions or you need us to handle bookkeeping, payroll and taxation services, we are here to serve you well.

There are different fees that are paid to franchises depending on their contractual agreement. In most cases, the franchise is required to pay royalties which are based on their revenues. To calculate the revenue, the franchise will consider all their gross sales and a percentage of this will be the royalty.

The royalty will be determined by the business model. This is where our accounting professional comes in. We’ll help ensure that you get the most of your franchise by making sure royalty payments are properly calculated and all expenses are taken into account. We’ll help you provide consistent and reliable financial reports to your franchiser.

ZHS’ healthcare experts provide unparalleled support to help you navigate complex regulations, manage risks, and take advantage of available opportunities in Canada’s diverse and varied healthcare industry.

Besides traditional audit, advisory and tax services, we also help clients identify specialized public programs, research and development tax credits, and loans and grants available specifically to the healthcare industry.

Whether you’re a recent medical school graduate or running your own established practice, our healthcare team can help you operate profitably within a complex and ever-changing environment. We also go beyond working with traditional medical and dental practices, assisting related healthcare businesses including nursing and retirement homes, as well as medical equipment distributors.

Doctors and dentists who outsource to us experience greater operational efficiency and get more time to focus on their core activities. Furthermore, by outsourcing accounting to us, medical practices are able to scale easily because they can enjoy financial flexibility. You can get up-to-date industry-specific software that could be too costly to acquire on your own. We also give you the privacy and security you need.

Running a successful restaurant is certainly not easy. First, you’ll have to be prepared to wear many hats. When you begin, you may find yourself wasting too much time on payroll, bookkeeping and other financial matters. But with time, the high employee turnover and varying pay rates could make the transactions harder. If you find handling any accounting matters to be too much work, ZHS is here to offer you a comprehensive service. Outsourcing all your accounting and taxation to our CPA Professionals will save you both time and money.

Many restaurants close down due to poor management. One important aspect of accounting that helps organizations to manage their businesses better is the review process. At GTA Accounting Professional Corporation, we can perform a review to ensure all your processes are conducted according to set rules.

We will highlight any challenges that could result in massive losses and provide solutions to better manage the restaurant business. We are always committed to helping you succeed in business.

If you have challenges in maintaining your financial records, we can offer our bookkeeping services to ensure all this information is accessible, accurate and easy to understand. We will ensure that your information is presented according to the best practices and international reporting standards.

Are you a consultant struggling to meet your accounting or taxation needs? We’ve got you. From preparing your financial reports to processing payroll, bookkeeping and tax filings, we have the skill and expertise to serve consultants. We are among the few Accounting Firms in Toronto to dedicate a Chartered Professional Accountant to the consultancy industry. We recognize that as a consultant, you have a unique set of issues and concerns.

As a consultant, you are in constant pressure to grow your business or personal brand. It’s our goal to help you reach your objectives by saving more money and reducing your tax bill. Whether you need advice on transacting in a smart way to minimize on taxes or valuations, we have a CPA who can provide you with value. We have been serving the needs of Toronto consultants and we’re always happy to start working on new projects.

We offer a complete set of accounting services for manufacturing businesses. What our clients acknowledge the most about us is the back-end support for all of your accounting and tax issues related to the manufacturing industry.

At ZHS, we have been engaged with many manufacturing businesses in preparing their financial statements, filing corporate taxes and GST/HST returns. We don’t only take care of their financial data that will be used in filing corporate income tax returns and GST/HST returns but we are also familiar with manufacturing processes and obligations for manufacturing businesses. If you are doing manufacturing business and losing control of your accounting function, ZHS is there to help you in taking the control back.

Our goal is to help organizations like yours ensure financial compliance and tax filing requirements, so that you can focus on pursuing and achieving your missions.

From internal controls and governance to fundraising and revenue sourcing, we help organizations manage resources and maintain transparency and accountability. Our dedicated professionals offer a full suite of cost-effective services to ensure organizations can keep costs down and continue making a difference.

We look forward to assisting your organization with:

• Audited financial statements

• Assurance best practices

• Charitable status and incorporation decisions

• Finance reporting

• Fundraising requirement compliance

• Governance and operational planning

• HR consulting

• Internal controls

• Obtaining financing

• Regulatory compliance

• Risk management strategies

Professional service firms are a unique business form with its own specific challenges and opportunities. Like you, we believe that hands-on, holistic relationships with clients are the keys to success. Adding ZHS to your team gives you access to a network of local experts who understand your multifaceted needs. We bring our client service and expertise, adapting the same business approach we use ourselves to benefit your professional service firm.

Our experts help a wide range of service providers from lawyers, architects and engineers to advertising professionals, consultants and doctors. No matter how complex your business matters, we have the expertise and industry knowledge to help you succeed.

ZHS offers a number of tax services for real estate investors, developers, builders and contractors. Apart from preparing tax returns and financial statements, we can also analyze key financial ratios and prepare you for any loan application.

There is hardly any other investment that is more beneficial in terms of high capital appreciation, high income stream and tax advantages than investing in the real estate market. It brings not only financial benefits to the real estate investors, but it may also generate substantial tax savings that includes tax sheltering as well.

Owning property in Canada can be highly profitable if you understand the Canadian tax laws which are associated with real estate investments. Canadian laws are quite liberal when it comes to owning real estate. There is no residency or citizenship requirement for buying and owning property in Canada. Non-residents can also own rental property in Canada, but they need to file annual tax returns with the CRA.

Property taxes, line of credit interest and repairs & improvements can be considered as tax deductibles in Canada as long as the property remains an investment property. As an investor in real estate business, you need to be aware of the tax implications at every stage of the investment i.e.: from owning the property, to renting it, and to eventually selling it.

Investing your money in real estate can have many challenges and you must be prepared to ensure that your money is well invested. For real estate accounting services, you want the right professionals who must be able to categorize expenses appropriately and can deliver real estate accounting & tax knowledge efficiently and effectively.

Your real estate accountant should be an industry specialist as he will be protecting your business interest and enabling you to make smart real estate investments.

The relationship between wholesale and distribution is symbiotic—one cannot succeed without the other. Our specialized industry team can help both wholesale and distribution businesses reach sustainable success no matter the climate of their industries.

Today’s global business environment brings competition from countries with lower production costs, increasing need for online global communication and ongoing technological advances requiring capital investment. All this makes knowledgeable and innovative business planning more important than ever.

We can help you increase capacity, improve performance and keep costs under control, all of which can boost the bottom line for your businessThe relationship between wholesale and distribution is symbiotic—one cannot succeed without the other. Our specialized industry team can help both wholesale and distribution businesses reach sustainable success no matter the climate of their industries.

Import/Export
Every country has its own set of tax rules associated with import-export business such as GST/HST in Canada.

Import-Export businesses may need to register for the GST/HST. This means that:

• They need to charge, collect, and remit the GST/HST on the taxable supplies in Canada

• They need to file GST/HST returns on a regular basis

• They should be able to claim input tax credits (ITCs) to recover the GST/HST paid or payable on the purchases

Importer/exporter are required to provide GST/HST number with invoices, receipts, and any other documentation required by them to claim input tax credits (ITCs). Additionally, copies of invoices, receipts etc. should also be maintained by the importer/exporter in order to claim ITCs for the GST/HST paid by them.

If you import goods into Canada or export goods to other countries, you need to register for an import-export program account. CRA will use your import-export program account number to process customs documents. You may have more obligations of the CRA while importing or exporting goods or services like 1) Reporting your shipments, 2) Accounting for your goods, 3) Paying taxes, & 4) Paying duty etc.

You need to fill in the form RC1 – Request for a Business Number & Certain Program Accounts that includes all your business's names which may appear on customs release forms and documents, such as invoices. If the name on the customs release document is different from the name we have on file, your goods may be held up at the border.

Small businesses need proper accounting and bookkeeping to streamline their operations. By keeping your books in order, you’re able to understand the challenges your business is facing and make changes that foster growth.
Whether you are running a home-based business or a small organization with a huge potential to expand, we can handle all your accounting and taxation matters. We’ll help you prepare financial statements when you need to seek financing in form of a loan or capital from investors. We’llhandle your tax filings and make sure you save as much as you can on every business transaction.

ZHS not only offers cost-effective services but is also very familiar with the needs of small businesses. Meet our Toronto Chartered Professional Accountants with experience in your line of business. We’ll help you save more money and make financial decisions that positively impact on your bottom line. Rest assured that we will do excellent work and keep your business in the right place.

One of the main challenges in running a small business is keeping track of any commercial activity that you engage in. It’s important to have records for every business transaction. This includes paper and electronic receipts, payroll details, taxes and expenses or sales made. These records, as well as their supporting documents, must be well kept. Our CPAs will help you maintain accurate and complete records of your income and expenses.

Startups need to focus on client acquisition, customer support and delivery more than anything. We offer bookkeeping and accounting services so you can spend more time building your business. ZHS can come with just the right resources to provide you with an accurate and efficient service. By taking advantage of our full-service accounting department, you can reduce operational costs by up to 60%. We’ll follow Canadian standards and accounting principles and recommend the best solutions to address your needs.

Our Chartered Professional Accountant allows you to access high-level accounting and tax compliance services without investing in a fully-fledged accounting department. We know that businesses and individuals also want to achieve huge savings when filing taxes. We have just the right Chartered Professional Accountant with experience in offering solutions for startups.

We can always customize a unique package that suits your needs. If you feel like you can benefit more from a pay as you go option, we’ll be ready to offer this too. Each accounting or taxation service is priced individually so that we’re able to address your specific requirements. For instance, some of our clients do their own books but need us to file returns. Others want to save time and money by handing over their payroll activities to our firm. We’re glad to be the go-to accounting professional for startups all over Toronto.

Changing government regulations, technological advances, and tax issues are some of the challenges faced in the transportation industry. Our specialized transportation experts help companies who support the efforts of manufacturers and distributors such as trucking companies, logistics companies, bonded warehouses, as well as messenger and delivery companies.

We provide cost-saving solutions to our transportation clients including tax planning, ownership succession, valuations, estate planning, due diligence procedures, audit and reviews, and fraud investigations. Our professionals are not only invested in providing the best possible service, they’re driven to see your business succeed.