BOMCAS Canada is a leading accounting firm providing professional tax and accounting services for small businesses, incorporated professionals, and owner-managers across Canada. We offer a wide range of solutions to help businesses stay financially organized, compliant with tax regulations, and positioned for growth. With an experienced team of accountants and a client-focused approach, BOMCAS Canada delivers top-notch service that allows entrepreneurs to focus on running their business while we take care of the numbers.
Accounting plays a crucial role in the success of any business, enabling informed decision-making and long-term financial stability. For small business owners, having reliable accounting support means more time to concentrate on core operations and less worry about bookkeeping or tax deadlines. BOMCAS Canada serves as a trusted partner in this regard – offering comprehensive services from day-to-day bookkeeping to complex tax planning – all delivered with a professional, personalized touch to meet the unique needs of each client.
A Partner for Small Businesses and Owner-Managers
BOMCAS Canada understands the challenges faced by small businesses, owner-managed companies, and incorporated professionals. We act as a dedicated partner to relieve you of the accounting burden. Instead of struggling with bookkeeping, tax calculations, and ever-changing regulations, you can rely on BOMCAS’s experts to manage these tasks efficiently. This allows you to focus on growing your enterprise while knowing that your financial matters are in capable hands.
In fact, many Canadian businesses recognize the value of outsourcing their accounting needs to professionals. Over one-third of companies surveyed have outsourced accounting, legal, or other professional services in the past year. This practice is especially common among small firms – about 42% of businesses with 5–19 employees outsource accounting or similar services. By entrusting your bookkeeping and tax responsibilities to a qualified firm like BOMCAS Canada, you join countless other business owners who save time, reduce risk, and gain expert financial insight through professional support.
BOMCAS works closely with each client to understand their unique situation and goals. Whether you’re a startup entrepreneur, an owner-manager of a family business, or an incorporated professional (such as a doctor, lawyer, or consultant), our team tailors its services to fit your needs. We can assist with setting up efficient record-keeping systems, advising on the optimal salary-versus-dividend mix for owner-managers, and providing industry-specific tax guidance. This personalized approach means you get customized strategies that align with your business’s context and help you achieve your financial objectives.
Comprehensive Accounting and Tax Services
BOMCAS Canada offers a full suite of accounting, tax, and advisory services to cover all aspects of your business’s finances. As a one-stop shop for financial expertise, we ensure that you have support in every area needed to manage and grow your company. Our key services include:
- Tax Preparation & Planning: Expert preparation of corporate tax returns (T2) and personal tax returns (T1) for business owners, with careful planning to minimize tax liability and maximize eligible deductions and credits. We ensure compliance with all Canada Revenue Agency (CRA) deadlines for year-end filings, GST/HST returns, and instalment payments, while also developing tax strategies to optimize your after-tax income.
- Bookkeeping & Financial Reporting: Full-cycle bookkeeping services to keep your financial records accurate and up to date. BOMCAS maintains your general ledger, handles accounts payable/receivable, and provides monthly or quarterly financial statements. By organizing your books diligently, we give you a clear financial snapshot of your business and help you monitor performance and cash flow.
- Payroll Services: End-to-end payroll processing for your employees or subcontractors, including calculating wages, source deductions, Record of Employment (ROE) preparation, and remitting payroll taxes (CPP, EI, income tax) to CRA. Our timely payroll service ensures your staff are paid accurately and all compliance obligations are met.
- GST/HST and Sales Tax Filings: Preparation and filing of GST/HST returns (and provincial sales tax where applicable) so that your business meets all sales tax requirements. We help you determine ITC (input tax credit) claims and file on time, avoiding audit issues or penalties related to sales taxes.
- Business Advisory & Consulting: Beyond compliance, BOMCAS provides advisory services to help your business grow. This includes budgeting and forecasting, cash flow management, and guidance on business incorporation or reorganization. Our advisors can assist with financial planning, tax planning (such as income splitting or deferral strategies), and even specialized needs like Estate Planning or Succession Planning for owner-managers.
- CRA Audit Support & Representation: If your business faces a CRA audit or has to address a tax notice, BOMCAS Canada is by your side. We offer audit support services to organize required documentation, respond to CRA inquiries, and represent your interests. Our expertise in dealing with the CRA helps resolve issues efficiently and ensures you remain in good standing with tax authorities.
…and more. In addition to the above, BOMCAS Canada can assist with cloud accounting setup, international and cross-border tax matters, late or back tax filings, SR&ED claims for innovative businesses, and other specialized accounting needs. By offering such a comprehensive range of services, we make it easy for clients to get all the financial help they require in one place. As our name suggests, we are “Best Of Modern Comprehensive Accounting Services,” reflecting our commitment to covering every facet of accounting and tax support that a business might need.
Ensuring Compliance and Peace of Mind
Running a business in Canada means following numerous tax rules and deadlines – from annual income tax returns to periodic payroll remittances and sales tax filings. Missing a filing or payment can result in serious consequences and costs. For example, a late corporate tax return can trigger a penalty of 5% of the unpaid tax owed, plus an additional 1% for each month the return is overdue (not to mention interest charges on the balance). BOMCAS Canada removes this worry by keeping your business fully compliant with all CRA requirements. We handle your filings and payments meticulously and on time, so you won’t receive nasty surprises in the form of late fees or penalty letters.
Compliance is not just about avoiding penalties – it’s also about accuracy and staying current with laws. Tax regulations and reporting standards change frequently, but our team prides itself on staying up-to-date with the latest federal and provincial tax laws and accounting standards. This means we apply every new rule, credit, or deduction available to benefit your business and ensure your records meet current requirements. Our professionals double-check the details, from ensuring HST is correctly applied to your invoices, to verifying that payroll source deductions are calculated at the latest rates. With BOMCAS overseeing your accounting, you can have confidence that everything is done by the book and reviewed by knowledgeable eyes.
Beyond number-crunching, a professional accountant often becomes a trusted advisor for your business. It’s telling that 67% of Canadian entrepreneurs say they consult their accountant or financial advisor before making major financial decisions. This level of trust comes from the peace of mind and perspective that a seasoned accountant provides. BOMCAS Canada fulfills this advisory role for our clients – offering insights to help you make informed decisions, from budgeting for a new expansion to planning the best time to purchase equipment for tax purposes. We provide reliable financial reports and answer your questions with clarity, so you can confidently steer your company’s direction knowing it’s backed by solid financial understanding. Engaging BOMCAS as your accounting partner means you gain both compliance and clarity: all your obligations are met, and you have a clear view of your financial health to support smart decision-making.
Nationwide Service with Local Insight
BOMCAS Canada originated in Edmonton, Alberta, and has grown to serve clients coast-to-coast. In fact, we have recently expanded our operations across the country, now supporting individuals and businesses in every province and territory. Whether your business is located in Western Canada, Central Canada, or the Atlantic, you can access BOMCAS’s expertise and services. Our expansion has been made possible by leveraging secure digital platforms and offering virtual consultations for clients nationwide. In other words, you receive the same level of personal, attentive service no matter where you are based – be it in-person at one of our Alberta locations or remotely from anywhere in Canada.
What sets BOMCAS apart is that we combine nationwide reach with genuine local knowledge. Our team possesses deep understanding of both federal and provincial tax regulations across Canada. We appreciate that each region can have its own tax nuances (for example, Quebec’s unique filing requirements or different provincial tax credits in Alberta and Ontario) and we ensure our advice is tailored accordingly. Clients in major cities like Edmonton and Sherwood Park, Calgary, Toronto, Ottawa, Montreal, and Vancouver are all part of the BOMCAS family, as well as those in smaller communities from coast to coast. We are familiar with the local business environments in these areas and can provide insight into regional tax incentives or compliance obligations that may affect you.
Crucially, being a modern nationwide firm means convenience for our clients. You’re not limited to choosing a local accountant who may not understand inter-provincial issues – with BOMCAS, you get the breadth of a Canada-wide service and the personal touch of a local firm. Need to discuss something face-to-face? Schedule a video meeting and our experts will be there on your screen. Need to send documents? Use our secure online portal rather than worrying about dropping off papers. For a busy entrepreneur, this flexibility and responsiveness make a world of difference. No matter where you operate or travel, BOMCAS Canada is only a phone call or email away, ready to assist with your accounting and tax needs.
Modern Tools and Professional Expertise
As a modern accounting firm, BOMCAS Canada embraces technology and innovation to serve you better. We utilize cloud-based accounting software and secure digital tools to make our services efficient and accessible. For example, we can set up cloud bookkeeping systems for your business, allowing you to log in and view real-time financial data anytime. Collaborating with us remotely is easy – invoices, receipts, and financial reports can be shared through our encrypted client portals, ensuring your sensitive data stays protected. When it comes time to file taxes, we use secure e-filing methods to submit your returns electronically, speeding up processing and reducing errors. This tech-forward approach means less paperwork hassle for you and faster results overall.
In addition to leveraging the latest software, BOMCAS Canada continually invests in the professional development of our staff. Tax laws and accounting standards evolve constantly, so our accountants engage in ongoing training to stay ahead of the curve. Whether it’s a change in CRA rules, new financial reporting standards, or emerging best practices in tax planning, our team is on top of it. This commitment to continuous learning translates into high-quality service for our clients – we bring you ideas and solutions that reflect the most current knowledge in the field.
Our focus on innovation and excellence has tangible benefits for clients. We pride ourselves on accuracy, efficiency, and transparency in all our work. BOMCAS Canada’s blend of advanced tools and expert knowledge has earned us the loyalty of many clients – in fact, our client retention rate exceeds 90%. This high satisfaction is a testament to the trust our clients place in us and the value they receive. When you work with BOMCAS, you can expect prompt answers, intelligent insights, and a smooth, technology-enabled service experience that saves you time and gives you confidence in your financial management.
Ready to Assist – Contact BOMCAS Canada Today
Your business deserves the peace of mind and advantages that come with professional accounting support. Contact BOMCAS Canada today to discuss how we can assist with your accounting, bookkeeping, and tax needs. Whether you are a small business owner in Edmonton or Calgary, an incorporated professional in Toronto or Montreal, or an entrepreneur anywhere in Canada, our team is ready to provide friendly, expert guidance tailored to your situation.
Let BOMCAS Canada be your trusted financial partner. We will work with you to create customized solutions that address your challenges and help you seize opportunities, from minimizing your taxes to streamlining your accounting processes. With our professionals handling the compliance and number-crunching, you can focus on what matters most – growing your business and achieving your goals. Contact us today for a consultation and experience the difference of having a dedicated, nationwide accounting firm supporting your success every step of the way.