Does my business need a chartered professional accountant (CPA)?
Canada’s increasingly complex tax legislation can place a burden on small-medium sized businesses trying to minimize their annual tax expense and remain tax-compliant. With the services of a CPA, you can rely on a trusted advisor to help you navigate through tax season, foresee potential taxation issues, and keep your annual tax expense at a minimum.
What is the difference between an accountant and a CPA?
Know the difference and protect yourself and your business. Anyone can call themselves an “accountant”, but not anyone can call themselves a CPA. This is because CPA’s:
- Belong to a self-regulated body which has the mandate to protect the public interest
- Are required to meet and maintain standards of qualification, practice, and
professional ethics, as well as standards of knowledge, skill, and proficiency.
TR Tax and Accounting is a registered Chartered Professional Accounting firm required to comply with the regulatory and ethical requirements of CPA Ontario.
What if I have questions throughout the year?
Year-round support is always available. It is my goal to ensure your business feels supported every step of the way. Common mid-year conversations include topics like:
- Tax implications of the sale of assets
- Clarification of letters or notices issued by CRA
- Shareholder/manager compensation
- Tax planning strategies
Can I outsource all of my accounting & tax tasks so I can focus on my business?
Absolutely! With the Year-Round Support plan, you can outsource all day-to-day bookkeeping activities & tax compliance requirements and have an authorized representative deal with CRA on your behalf.