New Business Startup Consulting in Calgary
KL Accounting & Tax Associates helps Calgary entrepreneurs establish the accounting, tax and financial foundation of a new business. Support can include business setup guidance, bookkeeping, CRA accounts, GST, payroll, financial planning and ongoing accounting support after launch.
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PBA Society of Alberta MemberCalgary NE OfficeStartup Accounting & Tax Support
Why Choose Us
Startup Setup Support
Practical support for the accounting, tax and financial requirements involved in starting a business.
Accounting & Tax Foundation
Set up bookkeeping, accounting records and applicable tax accounts with future reporting requirements in mind.
CRA Account Setup
Identify and organize the CRA program accounts required for the business, including GST and payroll where applicable.
Post-Launch Support
Ongoing bookkeeping, payroll, accounting and tax support can continue after the business begins operating.
Why New Business Startup Consulting Matters
Clear Setup Requirements
Identify the accounting, tax, registration and payroll requirements relevant to the business.
Accounts & Records Ready
Establish the applicable CRA accounts and financial records needed to begin operations.
Ongoing Filing Responsibilities
Identify the bookkeeping, GST, payroll and tax responsibilities that continue after launch.
New Business Startup Services for Calgary Entrepreneurs
Startup Planning & Setup
Review the proposed business, ownership, launch timing and financial setup to identify the accounting, tax and administrative requirements that should be addressed before operations begin.
- Business setup requirements
- Startup timing and financial considerations
- Required registrations and accounts
- Recordkeeping requirements
Business Structure & Registration Support
GST & CRA Account Setup
Identify and register applicable CRA program accounts based on the activities and requirements of the new business. Ongoing GST filing services can be coordinated where required.
- GST registration where required or voluntarily appropriate
- Payroll program account where payroll deductions or remittances are required
- Business Number/program-account confirmation
- CRA account information coordinated with bookkeeping records
Bookkeeping & Accounting Setup
Establish organized financial records and bookkeeping processes from the beginning of operations, with bookkeeping services available as the business grows.
- Chart of accounts
- Transaction-recording process
- Bank and credit-card account organization
- Expense and receipt records
- Financial reporting setup
- Year-end readiness
Payroll Setup
- Payroll account registration
- Employee payroll information
- Source deductions
- Remittance requirements
- Payroll records
WCB Alberta Setup
Where applicable, KL Accounting can help organize payroll and business information required for WCB Alberta registration and ongoing reporting.
Financial Setup & Planning
Support for startup budgeting, cash-flow considerations and business financial planning based on the needs and stage of the business.
Business Registration & Licensing Information
Help identify business registration and licensing requirements that may apply based on the business activity and location, with referrals to the appropriate authority where required.
Post-Launch Accounting Support
After the business begins operating, KL Accounting can continue supporting the bookkeeping, payroll, GST, accounting and tax requirements included in the engagement.
How It Works
Initial Startup Review
Understand the proposed business, ownership, launch timing and current setup.
Confirm the Setup Requirements
Identify the accounting, tax, registration, GST and payroll requirements relevant to the business.
Set Up the Accounts & Records
Set up the applicable CRA accounts, bookkeeping structure and startup financial records included in the engagement.
Prepare for Launch
Confirm the financial and administrative items required before operations begin.
Ongoing Support
Coordinate bookkeeping, payroll, accounting and tax work after launch where included in the engagement.
Sectors We Serve
Construction & Contractors
Dental Clinics
Physiotherapy & Massage Clinics
Wellness & Spas
Liquor Stores
Consultants & Recruiters
Food Service Businesses
Pubs & Catering Businesses
What Your Startup Setup Can Include
Depending on the business activity and agreed scope, your startup setup may include:
Required Registrations and Accounts Identified
CRA Program Accounts Where Applicable
Bookkeeping and Accounting Records Established
GST Registration Where Required or Appropriate
Payroll Setup Where Payroll Deductions or Remittances Are Required
Ongoing Accounting and Filing Responsibilities Identified
New Business Startup FAQs
What should I set up before starting a business in Calgary?
Requirements depend on the business and may include business registration or incorporation, CRA accounts, GST where applicable, payroll where deductions or remittances are required, bookkeeping records, financial setup and applicable licences or permits. Businesses operating from a location in Calgary are required to obtain location approval from The City of Calgary, even if a municipal business licence is not required. A municipal business licence may also be required depending on the business activity. Not every startup needs every account or licence.
Do I need to incorporate before starting a business?
No. A business may operate as a sole proprietorship, partnership or corporation, depending on the circumstances. KL can discuss accounting and tax considerations and assist with business incorporation where you choose or require a corporation.
When does a new business need to register for GST?
Most businesses must register when revenues from worldwide taxable supplies, including applicable revenues of associates, exceed the $30,000 small-supplier threshold in a single calendar quarter or over four consecutive calendar quarters. Registration timing differs depending on how the threshold is exceeded, and exceptions apply. Eligible businesses making taxable supplies may register voluntarily. See CRA registration guidance for the applicable rules.
When does a new business need a payroll account?
A payroll program account is generally needed when a business pays remuneration that requires payroll deductions or remittances. CRA requires registration before the first remittance due date. KL can help coordinate the account and payroll setup for the engagement.
Can KL Accounting set up bookkeeping for a new business?
Yes. KL can help establish organized bookkeeping records from the beginning of operations and provide ongoing bookkeeping support based on the agreed scope.
Can KL Accounting help with WCB Alberta registration?
Where applicable, KL Accounting can assist with organizing the business and payroll information required for WCB Alberta registration and reporting. Coverage requirements depend on the business and industry; not every business requires the same coverage.
Can KL Accounting prepare a business plan for my startup?
Yes. KL prepares customized business plans supported by market research and financial projections, based on the purpose and scope of the engagement.
What financial records should I keep from day one?
Keep sales and income records, invoices, receipts, bank and credit-card records, and business-expense information. Payroll records and GST information may also be needed where applicable. Keeping business records organized from the start supports ongoing reporting and year-end work.
Can KL Accounting continue handling my accounting after the business launches?
Yes. Ongoing support may include bookkeeping, payroll, GST, accounting and corporate tax where applicable, depending on the services included in the engagement.
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