Services for businesses

We are more than a list of services. We are a caring team of professionals who offer strategies and effective solutions for owner-managed businesses. We have a wealth of experience in managing finances and business needs to suit individual client objectives and operating styles. Our services are designed to add value to your business from accounting and bookkeeping to acquisitions and mergers, we can help guide the decisions required to build corporate value and maximize profitability. 

Strategic and financial advisory services

At virtually every stage of the life of a business, owners face challenges and change. Expansion into a new market. Integrating an acquisition. Restructuring. Selling part of the business. Planning for retirement.

Utilizing our many years of experience with entrepreneurs and companies at all stages of growth, we can guide you through the decisions required to build corporate value and maximize profitability. We offer the following services to help management teams resolve challenges, deal with change and achieve your vision.

• Strategic planning
• Business plans
• Financial projections
• Cost-benefit analyses and economic impact assessments
• Operational reviews
• Succession planning
• Family succession planning

We can provide an objective perspective to identify issues, analyze problems and recommend actions. We also provide hands-on support as needed to assist in implementation and the measurement of progress and results. 

Tax planning and preparation (Canada and US)

Our corporate taxation services include:

Corporate Tax Compliance

• Corporate tax returns (Federal and provincial)
• Information returns (T106, T1134, etc.)
• US Corporate tax returns and filings
• GST returns
• Non-resident tax reporting requirements  
• Dispute settlement with Canada Revenue Agency
• T4/T5 Returns
• Scientific Research and Experimental Development tax credits

Corporate Tax Planning

• Design tax efficient corporate structures
• Owner-manager remunerations strategies
• Corporate reorganizations
• Succession planning / estate freeze
• Amalgamation/dissolution of companies
• Asset protection/creditor proofing
• Loss utilization strategies
• Sale of business / exit strategies  
• Structuring of Acquisitions/Investments
• Planning for real estate acquisitions
• Professional Corporations
   

Accounting and bookkeeping

We have extensive accounting and bookkeeping experience to leverage on behalf of our clients. Once we understand our client's unique needs, we can provide a range of services that could include: recording and processing daily transactions, preparing and filing government forms and remittances and preparing financial statements.

Financial statements/reporting

To ensure the accurate and timely preparation of financial statements and associated reporting, we can work closely with a business's internal financial team, or we can provide these services on behalf of the client.

Audit or review of financial statements

To help our clients comply with government, bank, shareholder or regulatory requirements, we provide assurance services - including auditing or reviewing financial statements. We can also assist in the preparation of offering memorandums, prospectuses and in conducting or providing oversight to due diligence procedures.

Business valuations

We provide business valuation services that may be required for a potential business sale, personal tax planning, corporate and partnership reorganizations and restructuring, or securing financing from lenders.

Corporate finance

The right kind of financing at the right time can be critical at many stages of the life cycle of a business. Growth, restructuring, acquisition, management buyout, debt refinancing and merger are all reasons why you might require capital. We can help entrepreneurs achieve their strategic goals by developing effective financing arrangements with an array of traditional and non-traditional investors and lenders.

Acquisitions and mergers

We help entrepreneurs to minimize the risks and maximize the value of these transactions. With our  multi-disciplinary team and depth of experience helping private companies complete successful transactions, we provide value by understanding our clients’ goals and priorities, evaluating opportunities, identifying challenges and issues, and providing the support needed to deliver results.

 

Small business start-up

With our years of experience and a strong entrepreneurial client base, we are well equipped to assist clients by providing advice and offering services necessary to get a small business up and running. We are also skilled in nurturing these businesses as they grow.

Wealth Advisory and Stewardship Services

 Our clients are senior executives, professionals and owner/managers of small and medium sized enterprise and they do not have the time to tend to such tasks as monitoring their investments, reviewing their changing insurance needs, taking advantage of estate planning opportunities and effective tax strategies.  Here are some of the ways we are helping our clients achieve a cohesive Wealth Management Plan:

Wealth Stewardship Program

At Henderson Partners, it is our goal to provide clients with an integrated, solutions-based, structured approach to the management and coordination of their wealth management needs. We also believe that integrated planning is better than stand alone planning and we are proud to offer our clients a unique approach to helping them grow and manage their wealth including:

• Comprehensive Financial Diagnostic Discovery Process
• Financial & Structural Gap Analysis
• Integrated Wealth Management Strategic Plan, including: (Estate, Tax, Investments, Insurance, Risk Management, Philanthropy, and Succession Planning)
• Implementation, Over-sight and Coordination of Wealth Management Program (including harnessing and coordinating other practice area experts)
• Cash Management Services
• Comprehensive Annual Diagnostic Assessment and Program Review

 

Retirement Planning

Many people struggle with the decision of when to retire and the uncertainty of how much will be needed for retirement.  We provide our clients with peace of mind as they approach retirement by offering the following services:

• Retirement planning before retirement and retirement income design after retirement
• Cash flow analysis
• Executive compensation strategies including supplemental pension plans, retirement compensation arrangements, stock option and planning other perks
• Investment portfolio design of RRSPs, RRIFs, employer pension plans and corporate investment accounts
• Severance and early retirement counselling of departure packages
• Pension analysis

Investment Review and Analysis

Our Wealth Management team is highly qualified to evaluate our clients’ portfolios as we have a combined 35 years experience in the investment industry.  Professional qualifications of our practitioners include:  Chartered Accountant (CA), Certified Financial Planner (CFP), Trust and Estate Practitioner (TEP), Financial Management Advisor (FMA) and Financial Divorce Specialist (FDS).  Unlike many of the traditional sources for investments, we do not sell any investment products at our firm.  This is important to our clients because we can be completely objective when reviewing our clients’ investment portfolios.  We review their existing portfolios, rebalance when necessary, and together we draft an investment policy statement, which is essentially a blueprint for all future investment decisions. 

Many of our clients have accumulated sufficient assets that they are beyond the scope of their current banking relationship or financial advisor and need a more customized approach to their investments.  To service these clients, after careful screening, we have selected several reputable financial advisors and investment counsellors in the industry with emphasis on investment performance and client service.  These advisors work with us to implement the investment policy statement and adhere to our agreed upon asset allocations.  We continue to monitor investment accounts on behalf of our clients and meet with the client semi-annually or annually to review performance measured against benchmark returns.  We are compensated based on a percentage of assets or on an hourly basis.

 

Insurance Needs Analysis

At different stages of life, different types of insurance are required.  Many of our clients ask us to review their current insurance coverage to determine if they are adequate and appropriate.  Although our Wealth Management team has passed the provincial exams required to sell insurance products, we do not sell any at our firm.  This allows us to independently evaluate your current insurance coverage and make recommendations for change when appropriate.  To service these clients, we have a small network of respected insurance advisors in the industry.  HP Wealth Advisory Inc. will work with these insurance advisors and will monitor the insurance needs of our clients on regular basis.  We are compensated for our time.

Estate Planning

An essential part of Wealth Management Planning is to ensure our clients have an effective estate plan and properly drafted wills and Power of Attorney documents.  In addition, we structure trusts, holding companies, and estate freezes.  We work in conjunction with legal professional who specialize in estate and tax planning. We are also pleased to work with lawyers with whom our clients have existing relationships.
 

Estate Administration

Many of our clients feel overwhelmed when faced with the task of acting as an estate trustee as they lack the time and expertise.  In conjunction with our clients’ existing legal advisors, we can provide advice to estate trustees in connection with all aspects of an estate administration, from immediately after death to final distribution of the estate.

Tax Strategies

As the advisors and accountants for our clients, we are able to offer customized tax strategies based on their unique circumstances and with a view: to improving the tax efficiency of their investment portfolios, use of insurance to minimize tax liabilities upon death, plan for business succession and to ensure their estate is structured in the most tax efficient manner possible. 

Family Office Services

• Cash Flow (Regular Cash Flow Management & Bill Payment Services)
• Account for, monitor and interpret financial activity such as cash flows and investment transactions
• Provide analysis in financial decision-making
• Ensure timely tax reporting individuals, private holding companies and family trusts.
• Coordinate communications between family members and other interested parties
• Organize and moderate family meetings
• Counsel individual family members regarding the structure of their own finances to maximize the benefits of strategies taken for the family as a whole.
• Home office support – managing the paper work and filing at the client’s home or office in order to better organize financial information. 

Annual Net Worth Analysis

This service involves the preparation of a composite net worth for the family, including informal valuation of personal, financial and business assets and liabilities. This document is made available at the client’s direction to lending institutions, and /or the family’s tax and legal planning professionals. This document is a measurement tool to evaluate progress towards goal attainment, and is analyzed for appropriate liquidity, tax effective asset registrations, estate evaluation, and debt management.
 

Services for individuals

Our individual clients have needs that range from simple to complex. We work hard to understand your objectives and are well equipped to assist you in achieving your personal goals.Here are some of the services that we offer individuals (click on each item of interest for more details):

Tax planning and preparation (Canada and US)

Our personal taxation services include:

Personal Tax Compliance

• Canadian and US personal income tax returns
• Estate and Terminal tax returns and filings
• Trust Returns
• Non-resident tax reporting requirements (section 116 certificates, section 216 returns, NR4/NR6 filings)
• GST returns for individuals
• Voluntary Disclosures/Notices of Objection
• T4/T5 Returns

Personal Tax Planning

• Estate tax planning
• Succession planning
• Income splitting opportunities
• Trust planning
• Asset protection
• Incorporation of sole proprietorships
• Probate fee planning
• Will planning
• Life insurance planning 
• US Estate taxes
• Acquisition of US real estate
• Immigration trusts

Employment contracts

We can help negotiate and review employment contracts to maximize the benefit to the employee and to minimize and defer income taxes.

Family Law Matters (Divorce or Separation Support Services)

There are many ways our Firm can assist with a divorce or separation. Our team can provide family law lawyers with assistance on quantitative issues during the litigation process as well as designing a post divorce or separation comprehensive financial and estate plan.

The services we provide in respect of family law financial settlements include:

• Net family property calculations for determining equalization payments
• Income calculations for spousal and child support obligations
• Present value of future support payments (lump sum calculations)
• Assistance with private company and stock option valuation issues
• Contingent tax calculations with respect to the division of property
• Limited investigative services in support of litigation and dispute resolution