Okotoks businesses

Accountant for Okotoks businesses

Owner pay, holding company and sale readiness advice for established Okotoks practices and family companies. Corporate tax planning from $350/hr.

Prepared by HBT Accounting, a CPA led firm in CalgaryUpdated 5.0 on Google, 59 reviews

One

Established businesses with questions that are not routine

Okotoks has a different business profile from the newer commuter towns around Calgary. More of it is established: professional practices, consultancies, family companies that have been trading for a decade or longer. The accounting questions that come with that are rarely about catching up. They are about whether the structure still fits, how the owner should be paid, and what happens when the business eventually changes hands.

HBT works through those questions using the company's own records rather than a general rule. Salary against dividends, whether a holding company earns its place, what a second shareholder changes, and what the records need to look like before a sale or a transfer is discussed seriously. Where a question sits outside accounting, we say so and point you to the right adviser instead of answering it anyway.

Two

What an Okotoks engagement usually covers

Corporate year end and T2

The year end, the T2 return and the supporting schedules prepared from reconciled books.

Owner compensation questions

Salary, dividends, shareholder loans and the documentation each one needs, worked through on your actual numbers.

Structure reviewed when it matters

Whether the current structure still fits, discussed before a decision is made rather than after.

Three

How the work begins

  1. Step 1: Review the current position

    The entity, the year end date, what is filed, and any question already on your mind.

  2. Step 2: Agree the work and the fee

    Scope, responsibilities, timing and price documented before anything paid begins.

  3. Step 3: File, explain, and plan ahead

    The return filed, the result explained in plain terms, and the next decisions flagged with dates.

Four

What does a corporate year end cost for an Okotoks company?

A corporate year end with the T2 return starts at $2,500, and a nil return for a dormant company starts at $750. Compilation and financial statements start at $1,750. Amounts are starting prices plus GST or HST where it applies, and depend on the condition of the records. The fee is confirmed before any paid work begins.

Corporate year end and T2 from $2,500+. Corporate tax planning from $350/hr. Final fees depend on scope, and we quote a fixed fee once the work is clear. See starting fees. The first conversation is free and takes about 10 to 15 minutes.