Accounting Services

Live Accounting Solution

LiveAccTax is a certified advisor and trusted partner with leading cloud accounting platforms, including QuickBooks Online, Dext, Xero, and more. We not only help you choose the right software—we also customize and implement fully integrated solutions tailored to your industry and core business operations.

While many live accounting systems may seem alike at first glance, our team goes beyond the surface—continuously exploring, evaluating, and mastering both established and newly released cloud-based tools. This ensures every platform is used to its full potential for maximum efficiency.

By selecting the ideal solution from a wide range of cloud-based programs, LiveAccTax ensures your accounting system is perfectly aligned with your unique business needs. Our live accounting approach delivers efficient, real-time insights tailored to your operations—empowering confident decisions and sustainable growth

Cloud Accounting Advantages:

Dashboard Overview – Get a clear snapshot of your business’s financial health at a glance.
Credit Card Payments – Improve cash flow with easy, integrated payment options.
Real-Time Access – View and manage your finances anytime, anywhere.
Multi-User Support – Collaborate with your team securely and efficiently.
Multi-Currency Ready – Handle global transactions with built-in currency tools.
Lower IT Costs – Say goodbye to bulky servers and constant software updates.
Workforce Management – Simplify payroll, time tracking, and employee expenses.
App Integration – Connect with CRMs, inventory, and other business tools.
Enhanced Security – Keep your data safe with encrypted cloud storage.
Scalable & Flexible – Easily grow and adapt your system as your business evolves.

Accounting Services

Cloud-Based Payroll Services

LiveAccTax offers fully automated online payroll solutions powered by the latest cloud technology. Our customized, cost-effective service delivers fast, accurate, and completely paperless payroll processing—perfect for business owners, corporations, and enterprises. All-inclusive packages are available at a simple monthly fee.

We make setup easy—just contact us, and our team will guide you through the entire process and provide a tailored quote.

Flexible Payroll Runs – Weekly, bi-weekly, semi-monthly, or monthly for salary and hourly staff
Payment Options – Pay employees via cheque or direct deposit
CRA Calculations – Automated EI, CPP, federal and provincial tax deductions
WSIB Reporting – Seamless calculation and submission
TD1 Tables – Federal and provincial tax table integration
Vacation Pay – Accrual or release-based options
Custom Benefits & Deductions – Tailored to your company’s policies
Employee Portal – Access to pay stubs and self-service features
Year-End Reporting – T4s and T4 summary preparation
Electronic Remittance – CRA and ROE submissions handled online

Accounting Services

Financial Statements

Financial reports prepared by a Professional Accountant offer a higher level of accuracy, insight, and reliability compared to those generated solely by a bookkeeper using accounting software.

This is due to the accountant’s deep understanding of financial standards, regulatory frameworks, and industry-specific practices—ensuring that each report reflects the true financial position of the business with precision and integrity

Some advantages that Financial Reports provide to stakeholders are highlighted as follow:

Journal Entry Review – Enables verification and adjustment of entries prepared by bookkeepers.
Account Scanning – Helps detect errors, omissions, or inconsistencies in financial records.
Tax Optimization – Prevents overpayment of corporate taxes by ensuring income is accurately reported.
Performance Analysis – Provides clear insights into profitability, cash flow, and financial trends.
Compliance Assurance – Ensures financial statements meet regulatory and industry standards.
Strategic Planning – Supports budgeting, forecasting, and long-term business planning.
Investor Confidence – Builds trust with investors and lenders through transparent reporting.
Risk Management – Identifies financial risks and irregularities before they escalate.
External Reporting – Facilitates accurate reporting to tax authorities, banks, and stakeholders.

Accounting Services

Live Accounting Solution

Cloud Accounting Advantages:

Cloud-Based Payroll Services

We make setup easy—just contact us, and our team will guide you through the entire process and provide a tailored quote.

Financial Statements

Some advantages that Financial Reports provide to stakeholders are highlighted as follow:

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