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Welcome to L.A.R. & Associates
What We Do
At L.A.R. & Associates, we provide professional and accurate bookkeeping and general accounting services to help businesses and individuals stay financially organized. Whether you're a small business owner, a freelancer, or managing corporate finances, we ensure your books are balanced, your filings are up to date, and your financial reports are clear and precise.
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With a commitment to accuracy, confidentiality, and personalized service, we take the stress out of managing your finances. Let us handle the numbers so you can focus on what matters most—growing your business.
Meet The Team
Kathy Velocci
Kathy is the founder and owner of L.A.R. & Associates, a bookkeeping company committed to helping businesses of all sizes maintain accurate records, streamline processes, and gain the tools needed to make informed decisions. With more than 35 years of experience, she has supported organizations across a wide range of sectors, including manufacturing, contracting, professional services, and healthcare practices such as dental and veterinary clinics. Her expertise was strengthened through her work with a CA Firm in Toronto, where she developed strong skills in collaborating with accountants and supporting clients on all aspects of their business. Kathy is also a trusted advocate for her clients, representing their interests with the Canada Revenue Agency when required. Known for her deep industry knowledge and dedication to client service, she has built a reputation as a reliable and approachable business partner.
Tracy Felton
Tracy is an innovative and proactive administrative and financial professional with over 35 years of experience. She brings a comprehensive bookkeeping skill set and advanced proficiency in Microsoft Excel, supporting efficient data analysis, reporting, and financial management. She has held key roles at Century Services Corp. and FCB Commercial Finance Inc., where she managed multimillion-dollar loan portfolios across ABL, SRED, and Factoring Division clients. Earlier in her career, she was a founding partner of Northern Distribution & Warehousing, a full-service provider of direct mail, fulfillment, transportation, and warehousing services. Her professional development includes formal education in Business Administration and Small Business Bookkeeping, certifications in QuickBooks, and specialized training in financial analysis. Recognized for her strong attention to detail and organizational skills, Tracy is dedicated to delivering accurate, reliable, and timely support that helps businesses thrive.
Rita Blake
With over 40 years of experience as an Administrative and Executive Assistant, Rita has built a career rooted in reliability, discretion, and operational excellence. She has supported senior executives across multiple industries, managing complex schedules, coordinating travel, organizing large-scale meetings, and ensuring smooth office operations. Her expertise extends beyond administration into Human Resources and Accounting, including payroll, onboarding, benefits administration, invoicing, and expense reporting. This unique ability to bridge administrative, HR, and financial functions has made her a trusted and versatile professional. Recognized for her attention to detail, proactive problem-solving, and unwavering commitment to confidentiality, she thrives in fast-paced environments where organization and communication are essential.
Our Services
General Accounting
Stay on top of your finances with accurate record-keeping and reporting.
We work with businesses of all sizes—small, medium, and large—providing comprehensive support tailored to their unique needs.
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Our services include integration of various management software solutions for industries such as dental and veterinary practices, retail sales, and hair salons. We also offer seamless synchronization of QuickBooks Online (QBO) with popular e-commerce and payment platforms like Shopify, Stripe, and others.
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We specialize in helping clients catch up when they begin to feel overwhelmed by their backlog of paperwork. Whether you're a few months behind or several years in arrears, we work efficiently to bring your records up to date and help you avoid additional penalties and interest across all CRA programs.
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With advanced proficiency in Microsoft Excel, we also support clients with complex data analysis and financial insights.
Bookkeeping
Our professional bookkeeping services ensure that your day-to-day transactions are recorded efficiently, giving you a clear picture of your financial health.
We provide a range of skill levels tailored to your specific needs. During our initial consultation, we’ll develop a customized service plan for your business and recommend the most suitable team member to support you. Our approach ensures that your bookkeeping costs align with the level of expertise required, maximizing the value of your investment.
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Our team is experienced with a variety of software platforms, including QuickBooks Desktop, QuickBooks Online, Sage 50, Spire, Design Docs, Steel Manager III, A1 Dental, Dentrix, Akitu One, and other advanced manufacturing systems.
Payroll Preparation
Ensure timely and accurate payroll processing for your employees.
In addition to payroll processing, we continuously update payroll systems to align with the latest business trends, offering features such as direct deposit, online timecard integration, RRSP programs through payroll deductions, and accurate taxable benefit calculations for company-paid benefits.
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All source deductions are remitted according to your company’s specific thresholds.
T4, T4A & T5 Filings
Seamless year-end reporting to keep you compliant.
We prepare and file T4 slips for employees, T4A slips for subcontractors when applicable, and T5 slips for dividend distributions if required. All forms are accurately balanced and submitted to the CRA in compliance with regulatory deadlines.
HST, WSIB, EHT & ROE Filings
Expert handling of your tax and regulatory obligations.
We handle all government filings, including HST, WSIB, EHT, and Records of Employment (ROEs), in accordance with required timelines and regulations. You can rely on us to manage your scheduled remittances with accuracy and confidence.
Financial Statements
Clear, organized financials for informed decision-making.
We provide customized monthly or quarterly financial reporting packages tailored to your specific business needs. Our analysis highlights any areas that may require special attention, ensuring nothing is overlooked. We also assist with budget preparation, allowing you to compare projected figures against actual performance—empowering you to make informed, strategic decisions to grow and protect your business’s financial health.
Year-End Review File Preparation
Our Year-End Review File Preparation service ensures that your financial records are accurate, complete, and ready for your accountant or tax professional.
We prepare Year-End Compilation Statements and Review Engagement packages for your accountant to facilitate the preparation of financial statements and corporate tax returns. We collaborate closely with your accountant to ensure the process is completed efficiently and accurately.
Personal Tax Returns
Maximizing deductions and ensuring accuracy for individuals and families.
We prepare personal tax returns for individuals, couples, and extended family members, focusing on maximizing your results. Our services include income splitting, tuition transfers, and handling tax situations for self-employed individuals and rental property owners.
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