Once we have an understanding of our client’s needs and goals we can help achieve those goals by recommending a variety of solutions including:

  • Accounting Software and Bookkeeping Training
  • Accounting System Setup for New Businesses
  • Assistance with Business Start Ups
  • Compilations
  • Due Diligence Engagements
  • Payroll Services
  • Preparing Bank Proposals
  • Review of Systems and Controls
  • Specified Audit Procedures



Fritsch Laitar & Karac performs high quality audit and review engagements for private companies across a variety of industries. We are committed to timely delivery of services and statutory requirements of the assurance engagement under various accounting frameworks including:

  • Accounting Standards for Private Enterprise (ASPE)
  • International Financial Reporting Standards (IFRS)

We focus on building long term relationships with clients with continuity of senior personnel on all engagements, which allows us to understand clients at a deeper level. We draw on this to build corporate value by providing practical strategies for tax planning, business risks and opportunities, and creating efficiencies and profitability in a clear manner that clients understand.

Business Advisory

Our team of professionals have provided business advisory services to private businesses since 1994. As Chartered Professional Accountants, we have a a wealth of knowledge about clients’ business, including past and current results as well as the results of client’s competitors and others in the industry. We draw on this knowledge and collaborate with our clients to understand their plans for the future in order to develop constructive solutions that are customized to their needs.

At virtually every stage of the life of a business, owners face challenges and change and we can provide an objective perspective to identify issues, analyze problems and recommend actions.

We offer the following services to assist management in resolving challenges and identifying options in the following areas:

  • Business Assessment
  • Cash Flow Forecasting
  • Completing Business Plans and Projections
  • Conversion to ASPE / IFRS standards
  • Estate Planning
  • Family Succession Planning
  • Improving Productivity and Profits
  • Mergers and Acquisitions


Fritsch Laitar & Karac offers a comprehensive range of taxation services to corporations, individuals and trusts. By keeping abreast of the latest developments in tax legislation, combined with our outstanding professional resource base in the Waterloo Region, our tax professionals collaborate with clients to develop practical solutions to the challenges presented in various business plans.

At Fritsch Laitar & Karac we listen, in order to understand your particular goals and needs before making our recommendations. We explain our recommendations so that you have the comfort and confidence in the decisons made. We stand behind our services and in the event of an audit or dispute, we can represent your interests before the taxation authorities.

Our taxation services include:

  • Corporate Reorganizations
  • Tax Due Diligence
  • Cross-border Tax Issues and Sales Tax Compliance
  • Loss Utilization Strategies
  • Managing Canada Revenue Agency (CRA) Audits, Appeals, and Dispute Settlements
  • Non Resident Tax Reporting Requirements
  • Owner/Manager Remuneration Strategies
  • Preparation of T4, T5, T5013 Slips
  • Scientific Research and Experimental Development Tax Credits
  • Setup of Professional Corporations
  • Use of Family Trust and Other Income Splitting Vehicles