Business Details
Trusted Bookkeeping & Tax Services in Saskatoon
As the owner and operator of Profit Wise Bookkeeping & Tax Services, I bring over 25 years of experience as a public school teacher and 20 years as a farmer to the financial services industry. My transition into bookkeeping and tax services was driven by a desire to help individuals and small businesses achieve financial stability through personalized strategies. We specialize in eliminating one-size-fits-all solutions by offering tailored financial planning that addresses both personal and business needs. Our services include income tax preparation, bookkeeping, payroll management, and cash flow analysis, all designed to save clients time and money. We prioritize individual attention, ensuring clients receive forward-thinking strategies aligned with their unique circumstances.Located in Saskatoon, our practice focuses on local individuals and small businesses, with extended hours during tax season to accommodate evening and Saturday appointments. Our commitment to personalized service is reflected in our approach to tax planning, financial statement preparation, and automated system conversions. With a background in education and agriculture, we combine diverse experience with technical expertise to deliver comprehensive financial solutions. Our goal is to simplify complex financial processes while maintaining compliance with current tax regulations. By outsourcing time-consuming tasks like payroll and ledger management, clients can focus on growing their businesses while we handle their financial needs.
Services
Accounting Services
Bookkeeping
Tax Planning
Payroll Services
Budgeting
Cash Flow Management
Financial Statements
General Ledger Prep
Tax Return Prep
System Conversions
Highlights and features
- We offer personalized financial strategies tailored to individual needs
- Our team combines 25+ years of teaching and agricultural experience
- We provide extended hours during tax season for client convenience
- We specialize in cash flow management and automated system conversions
- Our services address both personal and business financial needs
Services
Bookkeeping Services
We maintain accurate financial records through comprehensive bookkeeping services. Our full-charge bookkeeping ensures businesses can focus on revenue generation while we handle transaction tracking, account reconciliation, and financial documentation. This service provides real-time financial visibility for better decision-making.
Tax Planning
Our proactive tax planning identifies legitimate opportunities to reduce tax liabilities. We develop customized strategies that align with current regulations while optimizing financial positioning for individuals and businesses throughout the tax year.
Payroll Services
We handle complete payroll processing including wage calculations, tax withholdings, and regulatory filings. This service ensures compliance with labor laws while saving businesses time and reducing administrative burdens associated with employee compensation.
Cash Flow Management
Our cash flow analysis creates projections and solutions for financial stability. We identify patterns, forecast needs, and implement systems to maintain healthy cash flow for businesses of all sizes.
System Conversions
We facilitate transitions from manual to automated accounting systems. This service includes data migration, software implementation, and training to modernize financial operations while maintaining data integrity during the conversion process.
People
Dave Foth
Owner/Operator
Former educator and farmer with 25+ years teaching experience. Retrained in financial services to establish Profit Wise Bookkeeping & Tax Services. Combines diverse background with technical expertise to deliver personalized financial solutions in Saskatoon.
Questions
What accounting services do you offer for small businesses?
We provide comprehensive accounting services including financial statement preparation, general ledger management, bank reconciliations, and cash flow analysis tailored to small business needs.
Do you handle both personal and business tax preparation?
Yes, we prepare both personal and business income tax returns while implementing strategic tax planning to optimize financial outcomes for all clients.
Can you help with payroll processing?
We offer complete payroll services including wage calculations, tax withholdings, and regulatory filings to ensure compliance and reduce administrative burdens.
What budgeting assistance do you provide?
We create customized budgeting plans aligned with individual and business financial goals, including cash flow projections and expense management strategies.
Do you assist with transitioning to digital accounting systems?
Yes, we help businesses convert from manual to automated systems, including software implementation, data migration, and staff training for modernized operations.
Reviews (3)
Gilgabish
Jul 27, 2021
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I inherited a financial mess of a non-profit at a time when I was struggling with a lot with personal things. I reached out to Dave for help putting together our year end documents. Dave was professional, kind, and informative. Despite my lack of knowledge and disorganized, Dave was patient and worked to help put our organization back on track. I couldnt recommend him enough!
Vern Lepp
Jan 29, 2020
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Dave has done the taxes for our whole family for a number of years. He has a fantastic program that can calculate tax implications for any number of financial scenarios. He does thorough and efficient work with a kind and gracious spirit. We appreciate his services immensely!
Keonie Green
Oct 03, 2019
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Great service. Very thorough professional who completed my return in a timely manner. Will definitely be using their services again.
