Services

Elevate Your Finances with Fareed Sheik LLP.
Trust our expertise for meticulous accounting, strategic financial planning, and adept tax guidance, tailored to your success.

Accounting and Bookkeeping

Accounting and bookkeeping service is our core area of practice. We offer the following services to our clients in this stream of practice:

Monthly, quarterly and annual bookkeeping of your business
Compilation of annual financial statements
Accounting for projects and special purpose financial reports
Performing analysis of accounting reports and financial statements

Taxation

Taxation is what our specialty is. We dive deep in to the ocean of tax planning to get our clients the best tax planning strategy. We offer the following tax related services:

Preparation and filing of Corporate and personal tax returns
Assisting is tax audit and CRA investigations
Filing back taxes
Tax planning and tax saving strategy
Preparation and filing of speciality tax returns such as trust returns, Partnership returns etc.

Audit and Assurance

Audit and Assurance services is our expertise and we do it with care and attention. We perform the following services under this line of practice:

Performing audit an issuing auditor’s report on financial statements
Performing review engagement and issuing auditor’s review report
Issuing Notice to Reader financial statements
Performing specific audit procedures
We issue audit reports for the purposes of MTCC’s requirements for Private Career College, TICO requirements, Investors etc.

Internal Audit and Consulting

Internal audit and consulting services are essential to any medium to large corporation to govern their path towards success and meeting their goals and objectives. We offer the following services in this line of practice.

Internal controls implementation and testing for COSO and SOX framework
Business process improvement, cost efficiency and revenue maximization
Business acquisition due diligence study
Fraud and forensic investigation
Perpetual inventory and warehouse management improvements

Payroll Services

We make your company’s payroll process simple and seamless by processing your employees payroll timely and accurately. We offer the following payroll services:

Processing biweekly, semi monthly and monthly payroll of employees
Direct deposit of wages to employees account directly
Yearly issuance of T4 slips and filing the T4 slips online with CRA
Issuing Record of employment to terminated employees
Issuing paystubs to employees

IT Managed Services

We also offer Technology solutions to our clients as we understand their needs better than any one else. We offer the following IT related services:

Implementation of small business ERP packages like CRM’s, accounting , logistics, inventory management resource planning programs and platforms
Business process improvement, cost efficiency a nd revenue maximization
Test the IT controls for integrity and reliability
Custom develop, test and implement software, patches
Advice and consult on building required IT infrastructure network

Charity and Non Profits

We serve a large number of Charities and Non profit organization and we are proud to be a part of giving back to the community and be part of the noble programs they are involved in. We offer the following services to them.

Accounting and Bookkeeping
Preparation and filing of charity tax returns (T3010 and T1044)
Assisting in setup of charity and CRA audit
Charity application and approval from CRA
Audit of Charity’s financial statements
Application for Grants and Subsidies

Digital Adoption Services

Do you want to digitize your workflow and improve your business’s efficiency? We offer digital transformation consulting services to small businesses in the following areas: