You’ve got questions, I’m here to answer them.

 

AS A CPA CAN YOU REPRESENT YOUR CLIENTS AGAINST THE CRA?

Yes I can represent my clients with CRA and address inquiries and assessments on their behalf. As your representative I would be your primary contact for CRA and would offer that as a service.

CAN YOU HELP ME NAVIGATE THE PROCESS AND POSSIBLY REDUCE AMOUNTS OWED? 

Yes I can help you navigate the process and help reduce amounts owed, if possible.

WHAT IS A CPA?

CPA stands for Chartered Professional Accountant. While all CPA’s are accountants, not all accountants are CPA’s.

WHAT DO CPA’S DO?

CPAs play key roles within diverse segments of the economy including industry, public accounting, government, education and the not-for-profit sector. They offer a strong set of accounting and managerial skills required for today’s complex and evolving environment. CPAs are broad-minded, forward-thinking professionals who undertake appropriate analysis, exercise good judgment, communicate effectively and act to protect the public interest. CPAs working in public practice provide their clients with services such as:

  • start-up counselling

  • purchases and sales of businesses

  • business valuations

  • business planning and financial projections

  • process deployment and improvement

  • developing strategies for securing financing

  • corporate and personal income tax planning

  • information technology need analysis

  • assurance (audits and reviews)

  • preparing and analyzing financial information

  • acting as trustee for receivership, insolvency or bankruptcy

  • developing management controls

  • management consulting

  • forensic accounting and litigation support

WHO ARE CPA’S?

You will find us in every industry and level of business, but we’re not just number-crunchers. We’re advisors, business owners, executives, and much more. From public practice to government, retail to manufacturing, we're where you need us to be, helping you with our business insight. 

WHAT ARE THE BIG 4?

Big 4 usually refers to the four largest accounting and auditing firms: PWC (PricewaterhouseCoopers), Deloitte, EY (Ernst & Young), and KPMG. Prior to starting my holistic accounting business, I worked in client services at EY.

WHY ARE YOU DIFFERENT FROM OTHER ACCOUNTANTS?

I offer a holistic approach which means I gain an understanding of your organization/circumstances and goals to ensure that you are maximizing your credits and reducing your taxes. In addition, I offer a unique financial health check where I review the 3 pillars of your organization (accounting and tax, processes, and lending/banking relationship) to uncover opportunities for improvement.

WHAT TYPES OF FINANCIAL SERVICES DO YOU OFFER FOR CANADIAN NONPROFITS?

I offer a range of financial services for Canadian nonprofits, including bookkeeping, accounting, tax preparation, payroll processing, and financial planning. I have extensive experience working with nonprofits, and I understand the unique challenges and opportunities that come with managing finances for these organizations.

CAN YOU HELP US NAVIGATE CANADIAN TAX REGULATIONS AND COMPLIANCE REQUIREMENTS?

Yes, I specialize in helping Canadian non-profits navigate complex tax regulations and compliance requirements. I can help you stay up to date on the latest tax laws and regulations, ensure timely and accurate tax filings, and minimize the risk of penalties and fines.

HOW CAN YOU HELP US OPTIMIZE OUR FINANCIAL PERFORMANCE AND INCREASE OUR PROFITABILITY?

I can help you optimize your financial performance by providing strategic financial planning, identifying opportunities for cost savings, and implementing effective financial management strategies. By maximizing your financial resources and minimizing unnecessary expenses, I can help you increase your profitability and achieve your long-term financial goals.

WHAT MAKES YOUR ACCOUNTING SERVICES DIFFERENT FROM OTHER FIRMS?

I have extensive experience working with Canadian non-profits, and I understand the unique challenges and opportunities that come with managing finances for these organizations. I take a personalized approach to each client, tailoring my services to meet your specific needs and goals. My focus is on providing reliable, accurate financial information and strategic guidance to help you achieve financial success.

CAN YOU HELP US SECURE FUNDING AND GRANTS FOR OUR NON-PROFIT ORGANIZATION?

Yes, I can help you identify and access the right financial resources and support for your non-profit organization. I have experience working with a variety of funding sources, including government grants and loans, private foundations, and corporate giving programs. I can help you navigate the application process and maximize your chances of securing funding.

HOW CAN WE GET STARTED WITH YOUR FINANCIAL SERVICES FOR CANADIAN SMALL BUSINESSES & NON-PROFITS?

Simply contact me to schedule a consultation. I’ll take the time to understand your organization's unique needs and goals, and I’ll develop a customized financial plan to help you achieve success.

HOW DO I FILE SMALL BUSINESS TAXES FOR THE FIRST TIME IN CANADA?

Filing taxes for your small business in Canada involves several steps, including registering your business, obtaining a business number, keeping records, determining your business expenses, and calculating your income. You can file your taxes online or by mail, depending on your preference. It's important to consult with a tax professional to ensure you comply with all tax regulations.

HOW DO I PAY MYSELF AS AN INDEPENDENT CONTRACTOR?

As an independent contractor, you are responsible for setting your own pay rates and invoicing your clients. You can pay yourself in a variety of ways, such as through direct deposit or check. It's important to keep track of your income and expenses for tax purposes.

HOW DO I FILE TAXES AS A SOLE PROPRIETOR?

As a sole proprietor, you must report your business income and expenses on your personal income tax return. You can use Form T2125 to report your business income and expenses. You may also need to register for a GST/HST account if your business makes more than $30,000 in revenue per year.

WHAT IS THE DIFFERENCE BETWEEN A CONTRACTOR AND AN EMPLOYEE WITH THE CRA?

Determining whether someone is a contractor or an employee can be complex. The CRA considers various factors, including control over the work, the degree of independence, the level of financial risk, and the level of integration with the business. If you're unsure, it's best to consult with a tax professional like me.

HOW DO I START A BUSINESS IN BC?

To start a business in BC, you must first decide on a business structure, such as a sole proprietorship, partnership, or corporation. You will then need to register your business with the BC government, obtain any necessary permits and licenses, and register for a business number with the CRA. It's important to consult with a lawyer and an accountant like me to ensure you comply with all legal and tax requirements.