Make life easier: Hire a Chartered Professional Accountant in Cranbrook

Managing your hard-earned money can be complicated and stressful. Whether you require income tax services, financial planning or bookkeeping, enlisting the help of a professional accountant will make life easier.

Adams Wooley in Cranbrook has been in business since 1968, employing Chartered Professional Accountants (CPAs). We offer comprehensive accounting, auditing, taxation and financial advisory services to private clients, non-profit organizations and corporations.

The Adams Wooley team boasts two knowledgeable partners—David Adams and Jim Wooley—along with dedicated support staff who have obtained the skills required to be effective professional advisors.

Call for an estimate on our accounting, income tax or other financial services:

If you need some help with financial management, give us a call at 250-426-8277 and we will be happy to guide you through.

What customers are saying about Adams Wooley in Cranbrook:

“Spoke with David on the phone to ask a question involving tax and estate planning and he was thorough, clear and very helpful. It was a short call but I felt he had a good command and understanding of the tax issues related to my question.” ~ CT, Google reviewer

I need an accountant in Cranbrook. How can Adams Wooley assist?

Adams Wooley offers services by Chartered Professional Accountants (CPA), formerly known as Certified General Accountants (CGA). Our accounting services include:

• Owner/shareholder remuneration

  As part of the year-end financial statement preparation for closely held corporations, we review the owner/shareholder remuneration in order to ensure that the most expedient amounts are established for both practical and income tax purposes.

• Co-ordination of all tax matters

  Whether a business is incorporated or not, it is important that income taxes be considered on a global basis between the owner and the business entity. It is only by the co-ordination of personal and business taxes that the maximum income tax benefits can be achieved on a sustained basis.

• Bookkeeping preparation

  Our bookkeeping services can include everything from recording daily transactions and preparing cheques to pay invoices, to preparing books of original entry and posting to the general ledger.

• Accounts receivable services

  Our accounts receivable services include maintaining accounts receivable ledgers and preparing monthly statements for our clients’ customer accounts.

• Payroll

  Utilizing the latest computer technology, we provide payroll services that include issuing paycheques, filing payroll remittances and maintaining required records.

Filing income tax is a chore. Can Adams Wooley handle my taxes in Cranbrook?

Tax structuring and planning are the keys to successfully and legally reducing your federal and provincial tax liability. We prefer to take a proactive versus a reactive approach to tax services. By keeping current on new tax laws and legislations, we are in a position to identify key planning opportunities that minimize both your current and future tax liabilities.

At Adams Wooley, we handle both individual and corporate taxes:

• Corporate taxes

  From simple to complex—including reorganizations, foreign reporting, property transfers, business sales and a myriad of other issues—we can look after your corporate tax planning and filing needs. We ensure that you meet all of your filing deadlines and help reduce CRA penalties and interest.

• Private taxes

  We know that you have worked hard for your money, and we ensure that you keep what is rightfully yours by minimizing your tax liabilities. We offer both personal tax planning and filing services. Our team can help you deal with complicated tax matters.

In addition to tax planning for individuals and businesses, our tax services also include:

• Return preparation for individuals, corporations, estates and trusts, registered charities and not-for-profit organizations
• Provincial and federal commodity tax planning and compliance
• Tax considerations in matrimonial settlements
• Tax effects of buying/selling a business
• Tax effective retirement and estate planning

Where should I turn for financial planning in Cranbrook?

The need for financial planning has grown dramatically as many people begin planning for their retirement and as larger segments of the population manage their own investments. We do not sell investments or receive fees or commissions for referrals. We provide independent advice on a fee-for-service basis.

Our financial planning services include:

• Personal financial planning

  By analyzing an individual's assets, debts and obligations, we are able to tailor an individual financial plan that recognizes aspirations and goals in a realistic manner.

• Co-ordination of corporate and personal matters

  For their convenience, we encourage shareholders of small business corporations to co-ordinate a review of their financial plans with the preparation of their corporate and personal income tax returns.

• Retirement

  Increasingly employees are receiving early retirement options from their employers. Such offers require planning to ensure that the expected results will be achieved and the retiring employee fully understands the financial ramifications of the retirement package.

• Special circumstances

  Occasionally individuals may receive large sums of money, whether by way of inheritance or windfall. In these circumstances, it is important that planning is undertaken to safeguard the assets and provide for maximum utilization.

Services and products offered by Adams Wooley in Cranbrook:

• Audits, reviews, and compilations
• Tax planning (corporate)
• Tax planning (private)
• Retirement planning
• Financing
• Computerized accounting
• Accounting
• Cash flow and budgeting
• Forecasts and projections
• Forensics
• Sales tax
• Purchase and sale of a business
• Business valuations
• Financial planning
• Estate planning
• Business succession planning
• Fraud prevention
• Management advisory services
• Debt and financing
• Litigation support