Warkentin Business Solutions Inc. delivers comprehensive corporate tax return preparation and bookkeeping and accounting services for Manitoba businesses. From T2 filing to financial statements, payroll slips to sales tax returns, our integrated approach ensures incorporated companies maintain compliance while optimizing tax positions.
Canadian corporations face complex reporting spanning federal T2 returns, provincial filings, payroll obligations, and sales tax compliance. Our Winnipeg accounting and bookkeeping service coordinates every element ensuring consistency across all corporate tax return submissions.
Financial Statement Preparation – Professional statements meeting CRA requirements and lender standards with balance sheets, income statements, and supporting notes.
Federal T2 Corporate Tax Return – Complete federal corporate tax return preparation including income calculations, small business deduction claims, and all required schedules for CRA submission.
Provincial Corporate Tax Returns – Manitoba provincial corporate tax return filing coordinated with federal submissions ensuring consistent income reporting.
Income Tax Planning – Strategic planning optimizing salary versus dividend distributions, shareholder compensation, and capital cost allowance timing.
T4, T4A, T5 and ROE Preparation – Year-end payroll slips for employees (T4), contractors (T4A), shareholders (T5), and Records of Employment.
GST/HST and PST Filing – Federal GST/HST returns with input tax credit optimization plus Manitoba PST filing ensuring sales tax compliance.
Corporate-Personal Coordination – Integrated filing aligning corporate tax returns with shareholder personal returns preventing dividend reporting mismatches.
Multi-Year Catch-Up – Services for corporations behind on T2 filing or provincial returns bringing businesses current with CRA obligations.
Our Winnipeg accounting and bookkeeping service manages the complete financial cycle for Manitoba businesses.
Sales Tax Management and Filing – GST/HST return preparation identifies all eligible input tax credits on business purchases that many businesses overlook, maximizing CRA recovery. Manitoba PST filing requires understanding which products face provincial tax and accurate reporting preventing penalty assessments.
Payroll Administration and Remittances – Source deduction remittances must account for income tax withholdings, CPP contributions, and EI premiums. We track vacation accruals, calculate statutory holiday pay, determine taxable benefit values, and ensure every remittance reconciles with T4 preparation preventing CRA mismatches.
Accounts Payable and Receivable Control – Payable management ensures vendors receive payment while categorizing expenses properly. Receivable tracking monitors customer payments, identifies overdue invoices, and supports collection efforts before receivables become bad debts.
Bank Processing and Reconciliation – Every deposit requires proper recording with revenue categorization supporting income reporting. Monthly reconciliation catches outstanding checks, unrecorded deposits, and errors immediately when they’re easiest to investigate.
Inventory Tracking and Cost Analysis – Accurate cost of goods sold tracking measures true profitability. We maintain inventory records showing purchase costs and quantities, producing statements revealing whether gross margins support sustainable operations.
Monthly Financial Statement Preparation – Regular reporting provides current information for operational decisions rather than waiting until year-end when opportunities for corrective action have passed.
Whether your Manitoba business needs weekly support, monthly reporting, or quarterly reviews, Warkentin Business Solutions Inc. delivers bookkeeping and accounting services matched to your operations. We handle GST/PST filing, payroll processing, accounts management, reconciliation, and financial statements—the complete cycle letting you focus on running your business. Contact us today to discuss how we can help your business grow.. We’ll recommend service arrangements ensuring accurate records, current compliance, and the decision-support information successful business management requires.