Business Details
20 Years
experience
Your Trusted Partner for Tax and Accounting Solutions
Established in 2006, Layco Services Inc. provides reliable tax compliance and accounting solutions for small business owners and private clients. Our team combines accounting expertise with over 20 years of experience serving diverse industries including construction, real estate, hospitality, and transportation. We specialize in translating complex tax regulations into practical advice tailored to each client's unique situation. Our mission focuses on delivering accurate, timely assistance with corporate and personal tax filings, bookkeeping, and financial reporting.We prioritize building long-term relationships founded on trust while helping clients navigate modern tax challenges. Our services include GST/PST returns, payroll processing, business consulting, and preparation of financial statements. By maintaining clear communication and accessibility, we aim to reduce client anxiety around tax obligations and enable business growth.
Services
Corporate income taxes
Personal income taxes
Bookkeeping services
GST/PST returns
Financial statements
Details
- Year established: 2006
Highlights and features
- 20+ years of specialized tax experience serving Canadian businesses
- Personalized approach to complex tax compliance requirements
- Proven expertise across multiple industries including construction and hospitality
- Proactive tax advice tailored to business-specific needs
- Comprehensive support for corporate returns, bookkeeping, and payroll
Services
Corporate income taxes
Specialized preparation and filing of Canadian corporate income tax returns for active and inactive CCPCs. Our experts handle complex reporting requirements, ensure compliance with CRA regulations, and identify potential tax savings opportunities. We provide ongoing support for year-end filings and fiscal year-end planning.
Personal income taxes
Comprehensive personal tax return preparation for complex situations including rental properties, self-employment, capital gains, and farm operations. We ensure accurate reporting of all income sources while maximizing eligible deductions and credits through detailed analysis of client circumstances.
Bookkeeping services
Monthly, quarterly, and annual bookkeeping solutions with cloud or desktop accounting systems. Services include transaction recording, financial statement preparation, and CRA information return filings (T4, T5, T4A, T5018, T3). We maintain accurate records for audit readiness and business decision-making.
GST/PST returns
Preparation and filing of GST/HST and PST returns with CRA compliance. Our team handles payroll deductions, WorkSafeBC filings, and sales tax calculations while ensuring proper documentation for all transactions. We provide guidance on tax registration requirements and exemption certifications.
Financial statements
Preparation of CRA-compliant financial statements including balance sheets, income statements, and cash flow analyses. We organize financial data for tax filing purposes and business planning, ensuring proper categorization of assets, liabilities, revenues, and expenses according to accounting standards.
Questions
When must Canadian tax returns be filed?
Sole proprietorships file by June 15; corporations have 6 months from fiscal year-end. We help determine deadlines and ensure timely submissions.
Do I need to file if my business has no income?
Corporations must file annually regardless of activity. We assist with inactive corporation reporting requirements and dissolution processes.
What accounting system is required?
While not mandatory, we recommend computerized systems for accurate tracking. We provide consultations on selecting appropriate accounting software solutions.
What documentation does CRA accept?
CRA requires original receipts showing transaction details. Bank statements alone aren't sufficient. We advise on proper record-keeping requirements and documentation retention.
How long should records be kept?
Maintain records for 6 years from assessment date. We help organize both digital and physical documentation for audit preparedness.
