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Blosser & Associates is a Toronto based accounting firm offering a variety of services to individuals and small to medium size businesses.  From our offices at Yonge & Bloor, we service clients from across the GTA/Horseshoe and provide a number of professional services, including:

  • Financial statement preparation
  • Corporate and personal income tax returns
  • NewViews & QuickBooks Accounting Software consulting
  • Tax planning and corporate reorganization
  • Not-for-profit accounting
  • Estate tax returns
  • Scientific Research and Experimental Development credits
  • US personal tax returns
  • Controllership Outsourcing

Financial Statement Preparation: Depending on your in-house accounting solution, we can work with your existing reporting formats to create and produce meaningful Financial Statements.

For some clients, this involves handing over their paper records and allowing us to compile all of the financial information.  For others, this involves receiving draft financial information from Quickbooks or another software and completing the Financial Statements.  We also provide Monthly Reporting to clients who need a more regular and detailed analysis of their operations.

Tax Returns: Our services for Financial Statement preparation include the Corporate Tax Return, however many of our clients are Small Business Owners with very few employees.  For these clients, we can prepare all T-forms (T4, T5, etc) and complete the Personal Tax Return for the Small Business Owner.

We also assist with Personal Tax Returns for many other clients, including professionals who have not incorporated their business, individuals with multiple sources of income (employment, rental, small business) or estate planning issues.

As the issues can become very complex, we also advise our clients on tax planning and corporate reorganizations to defer and minimize taxes.

Controllership Outsourcing: Complementary to our Financial Statement preparation service, we assist medium size businesses who do not have a full-time accounting function in-house.  By outsourcing the Controller function, these clients are able to save a considerable amount that would otherwise be paid to an underutilized professional salary.  This also assists with upstarts who are not in a position to begin an HR search, need to care for the foundation of their accounting function quickly, and are able to use our experience from multiple industries.  When they grow to a sufficient size, we are easily able to transition the accounting function to our client.

Software: We have found that the most popular software with our Small Business clients is Quickbooks, and we ourselves are certified as Quickbooks Pro Advisors.  We are able to assist with the creation of a new set of books, modify structure, and upgrade, according the needs of our clients.  For clients who use NewViews, we are able to lend a unique and expert knowledge of the software and how best to structure the books for short-term and long-term reporting.