Why Choose AHD Tax CPA Professional Corporation as Your Accountant?
When you work with AHD Tax CPA Professional Corporation, you’ll get the benefit of our varied and extensive experience in multiple accounting disciplines. Agnes Huyen Do, CPA, CA is skilled in all aspects of corporate and personal tax, along with having studied Financial Analysis at York University to gain an in-depth understanding of profit and expenditure management. Whether you need to plan your investments, streamline your business’s resource use, file HST for the first time, or prepare your tax documents properly, we can help you achieve your goals and make sense of your finances.
When you work with AHD Tax CPA Professional Corporation, you’ll get the benefit of our varied and extensive experience in multiple accounting disciplines. Agnes Huyen Do, CPA, CA is skilled in all aspects of corporate and personal tax, along with having studied Financial Analysis at York University to gain an in-depth understanding of profit and expenditure management. Whether you need to plan your investments, streamline your business’s resource use, file HST for the first time, or prepare your tax documents properly, we can help you achieve your goals and make sense of your finances.
What Are the Advantages of Hiring an Accountant For Your Business?
FAQ About Accounting Services
1. I run a small business; can I still afford to hire an accountant?
It’s a myth that only big corporations can afford to hire accountants. Not only is outsourcing bookkeeping to an accounting firm very affordable, but accounting services often pay for themselves. When you turn your financial affairs over to an accountant for the first time, he (or she) will perform a complete review of where your money is going and identify key inefficiencies, such as incorrect charges, double billing, unnecessary recurring fees, and overly expensive bank and service charges. By eliminating these financial pitfalls, your accountant will free up a significant amount of funds, potentially covering the cost of his (or her) services.
2. I’m starting a business for the first time. Should I hire an accountant now or wait until later?
One of the best things you can do to ensure your new business succeeds is to hire an accountant right away! Not only can we help you handle issues like business registration, payroll, and financial planning, but we’ll also make sure your records are filed properly from day one. This step will save you the headache of trying to process years of disorganized paperwork, receipts, and statements once your business becomes successful.
3. I’m having a hard time attracting investors for my business. Can an accountant help?
Absolutely! Many first-time business owners don’t realize that proper bookkeeping is essential to attracting investors and securing funding, such as business loans, to help their business grow. By hiring an accountant to track your income and expenditures and keep your records in order, you’ll reassure investors and financiers that you’re a good prospect.
4. What’s the difference between accounting and bookkeeping?
Bookkeepers are responsible for recording data, such as information about your business transactions. Accountants actively work with this data to generate financial reports, complete and file tax returns, file GST/HST, and fill in income statements and balance sheets. A good accountant will make sure you get full credit on your taxes for valid business deductions, so you never pay more tax than is necessary. He or she will also help you track your cash flow, giving you a better understanding of your business’s financial health. Some accountants, like Agnes Huyen Do, CPA, CA will go one step further and help you develop a long-term financial strategy based on your current data and your business goals.
5. Can an accountant represent me if I get audited by the CRA?
Many people are understandably frightened and confused when they receive an audit from the CRA. As such, it’s reassuring to know that yes, your accountant can represent you during an audit. A skilled tax accountant can use their knowledge of tax law to advocate on your behalf and negotiate the best possible outcome with the CRA, giving you complete peace of mind.
6. What documents do I need to file my taxes?
The documents you need to file your taxes will depend on whether you’re filing personal or corporate taxes, your family and career status, and your investments, among other things. For personal taxes, the main documents you’ll need are as follows:
Businesses may need further documentation regarding their capital gains, expenses, and employee salaries and benefits. To learn more about the specific documents you’ll need to complete your taxes, feel free to reach out to us – we’ll be happy to help you get your records ready for tax filing.
Have More Questions About Accounting or Tax Services?
Get In Touch With Us!
Investing in accounting and tax services will reduce uncertainty about your finances and help you feel more confident and secure at tax time. To learn how a Chartered Professional Accountant can assist you in keeping accurate records, increasing your small business profits, earning more on your investments, and much more, contact AHD Tax CPA Professional Corporation to set up a consultation.