For companies in Mississauga and the GTA, chartered professional accountants can help with the continually changing world of tax compliance and are dedicated to your business and personal tax needs.
The following 6 items are what your company should consider when hiring a chartered professional accountant:
Does the chartered professional accountant (CPA) have experience in dealing with large companies and companies in your industry? This experience will be essential in helping your company with accounting recommendations and implementing tax saving strategies. An experienced CPA has the understanding on how to assist a growing company while mitigating potential issues such as tax exposure. The knowledge from their vast diversity of clients can possibly be used to help you grow your business.
2. Breadth of Knowledge
In assessing a chartered professional accountant, it is important to consider their knowledge and experience in accounting and bookkeeping. It is important to note that not all accounting firms provide both accounting and bookkeeping services. Most typically provide only year-end bookkeeping services.
Smaller companies often do not have an accounting staff; therefore, these companies can utilize Gary R. Landa, CA Professional Corporation, who have experience in both bookkeeping and accounting.
3. Payroll Management Experience
Payroll is one of the most critical areas for all growing businesses to consider. While not all companies will require payroll assistance or management, smaller companies without an accounting department would require payroll management services. One example where a CPA can provide payroll assistance is that a CPA can minimize tax by looking at salary versus dividends declared and incorporate tax strategies with regards to payroll.
4. Tax Expertise
Gary R. Landa has been on the Toronto West Tax Practitioners Committee since 2011, which provides him access to contacts and other professionals with various levels of tax expertise. In the event your business has been selected for a corporate tax audit, it is recommended to work with a firm with experience like Gary R. Landa, CA Professional Corporation.
5. Understanding on Financial Statements
When companies decide that they want to change their accounting software, Gary R. Landa will assist the organization in organizing the structure of their new accounting records.
Organizing the accounting records can be done in such a way that the client no longer needs to keep track of some information in excel spreadsheets. Information only is required to be entered in once rather than the staff keeping track of the same information in two different formats. Proper organization can reduce labour hours and can communicate relevant data to shareholders and other stakeholders on a timely basis and possibly provide information to the owners that may not have been readily available before.
6. A Committed Staff
A CPA firm in Mississauga and the GTA should have an internal team with many years of experience to assist you with your accounting needs. Gary R. Landa, CA Professional Corporation prides ourselves on having the right balance of experience and a knowledgeable staff to help our clients.
The team at Gary R. Landa, CA Professional Corporation is recognized for our experience in tax, bookkeeping, payroll, preparation of Notice to Reader, review or audit reports and our understanding of business management. To find out how we can help with your accounting needs, please contact us today for a free consultation.