Expert Tax Guidance
When facing CRA issues, you don’t need a tax lawyer. At Faris CPA, we’ve been providing CRA tax assistance and saving taxpayers unnecessary legal fees for over a decade.
Faris CPA is proud to be one of the leading CPA firms in Toronto and the GTA. Our Toronto tax accountants provide experienced tax help to independent professionals, individual investors, and small to medium size businesses. We provide the highest quality of tax, financial, and accounting services and advice so that undue taxes and penalties can be avoided.
Our team works with people and businesses that face audits and other significant issues with the Canadian Revenue Agency. We’re focused on helping clients with significant problems that need experts in tax disputes, audits, disclosures and penalties issues. The best Toronto tax accounts understand the importance of building strong client relationships at the individual and corporate level.
At Faris CPA, our tax accountants in Toronto are dedicated to solving your tax issues with the highest level of care and attention.
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TORONTO TAX CONSULTING SERVICES
Tax Disputes & Tax Objections
We provide help with all types of tax disputes and objections. We often work with clients whose previous accounting made serious errors.Learn More
Net Worth Audit
We offer an in-depth analysis of the CRA audit in order to minimize tax implications, for corporate and personal net worth audits.Learn More
Voluntary Disclosure
We work with all types of voluntary disclosures, including help for individuals, corporations and unreported offshore income.Learn More
Unfiled Tax Returns
We provide a comprehensive review of your case in order to minimize or avoid the most serious of penalties for unfiled tax returns.Learn More
Corporate Tax Audit
We will help our clients with corporate tax audits to help them understand and exercise their right so that they only pay the taxes you owed, not all the ones CRA asks for.Learn More
Personal Tax Audit
We help our clients to avoid an audit. If the CRA has performed a tax audit, we work in order to get our tax relief for our clients.Learn More
GST/HST Audit
We help our clients as soon as they receive an audit through to the post GST/HST audit process. This enables our clients to focus on their business, not their taxes.Learn More
Reduction of Penalties and Interest
We’re specialists in submitting expert analysis, backed by legal precedents to the CRA so that our clients get tax debt relief from tax interest and penalties.Learn More
Income Disclosure
We offer significant industry experience in income dealing with offshore assets and income that have not been disclosed.Learn More
We solve serious CRA tax problems so our clients can sleep at night.
ABOUT SAM FARIS CPA IN TORONTO
Sam Faris is the President of Faris CPA and is a licensed public accountant with more than 15 years of experience dealing with serious tax issues for both personal and corporate clients.
Sam and his firm specialize in:
- Canada Revenue Agency Disputes
- Voluntary Disclosures
- Audits
- GST/HST Audits
- Unfair Assessments
- Reassessments
- Late Filing
- Director’s Liability Assessments
- Section 85 Rollovers
- Wage Garnishees
- Frozen Bank Accounts
- Requirements to Pay
Sam has successfully disputed and won many cases against the Canadian Revenue Agency.If you’re looking for the best tax accountant in Toronto, look no further. Sam and the team at Faris CPA will work with you to ensure your financial needs are met with our trusted approach to tax disputes in Canada.
For more insights from Sam Faris, explore tax articles and tips now
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TORONTO TAX LAW CASE STUDY
Whether you’re faced with a personal tax audit or unfiled returns, you need tax accountants in Toronto that you can trust. At Faris CPA, we go above and beyond for our clients, ensuring their needs are met with a level of sophistication and attention to detail.
Our client had been audited by the CRA and their findings showed a significant amount of unreported income based on net worth. The result of the auditor’s assessment meant that there was a significant amount owing to the CRA.
Sam has a sophisticated approach and process for fighting unique cases with complex audits. He found countless mistakes made by the auditor.
When Sam appealed the auditor’s decision because of their mistakes, the errors were rectified. This resulted in the owed amount going from a very large sum to nothing. Our client was ecstatic.
How To
If you have not filed your Canadian tax returns, or if you have filed them and CRA believes that you have not reported all of your income, they may issue a new worth assessment. They take two financial snapshots, one at the start of the audit period and one at the end.
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FAQS
What is a tax accountant?
A tax accountant is a specialist that works to address an individual or a business’ tax and accounting needs. The best tax accountants in Toronto can work with individuals and businesses to oversee a wide range of services, ensuring their clients are able to avoid penalties from the Canadian Revenue Agency.
What do tax accountants do?
Toronto tax accountants are licensed accounting professionals with the tools and resources to help their clients address a wide selection of accounting needs, including audits and technical accounting, regulatory and bookkeeping matters, tax planning, and fund operation guidance.
A tax accountant in Toronto will put together a comprehensive strategy to minimize income tax and other taxation forms, while ensuring any forms are submitted by their deadline and any fine print is analyzed and communicated to their client.
How much does a tax accountant cost?
The cost of hiring a tax accountant in Toronto can vary depending on the scope of services required. At Faris CPA, we work closely with individuals and businesses in Toronto and the GTA to assess their accounting needs and ensure we have the appropriate tools and resources to help them avoid financial penalties from the CRA.
If you’re looking for a Toronto tax accountant you can trust, contact Faris CPA today for your initial assessment. We’ll provide a comprehensive breakdown of our services and the benefits of working with licensed tax accountants in Toronto to ensure you have all the information you need to make an informed decision.
How to find a tax accountant
Finding the best tax accountant in Toronto can feel daunting if you’re unsure what qualifications to look for. In addition to having the proper licensing and accreditation, you want to ensure you’ve chosen a CPA in Toronto with the experience and insights to help you find the right solutions.
At Faris CPA, we work with individuals and businesses in Toronto and across Canada, the U.S. and the U.K. to address their accounting needs, ranging from personal or professional audits to providing input on regulatory developments in their industry.
We offer personalized assessments to address your concerns and ensure our Toronto tax accountants can provide the services you need.
Contact Faris CPA in Toronto today to learn more about our specialized services.
What sets Faris CPA from other tax accountants in Toronto?
The best Toronto tax accountants understand each client’s accounting disputes are unique and require a specialized approach.
Faris CPA has been a leader in tax accounting in North America and the U.K. for over 10 years. As an experienced CPA firm in Toronto, we work with individuals and businesses that require a variety of specialized tax and accounting services, ranging from GST/HST audits to income disclosures.
We offer comprehensive price breakdowns for each of our services, ensuring our clients understand what they’re paying for. Our Toronto tax accountants provide a sophisticated approach to your tax disputes, audits, penalty issues and more. We have the tools and resources to handle even the most complex issues and will work tirelessly to ensure your concerns are addressed.
When it comes to finding tax accountants in Toronto that you can trust, Faris CPA is ready to offer the accounting services and solutions you need.
What to bring to an accountant for tax preparation Canada
If you’re working with a Toronto tax accountant to address a dispute with the CRA, we recommend bringing a selection of materials in order to adequately prepare for the process, including:
- Employment & Other Income Slips
- Mortgage & Property Tax Statements
- Any Disability Claims
- Business or Rental Income Information
- Student Tuition Receipts
- Any Relevant Detail Regarding Major Life Changes, Including a Marriage or Divorce, Property Renovations, CPP Collections, Childcare etc.
At Faris CPA, we work directly with our clients to ensure they have the appropriate documentation needed to proceed. We assign a licensed Toronto tax accountant to their account to ensure we’re able to provide proactive solutions to their tax and accounting needs.
How to work with a tax accountant near me
When it comes to finding the best Toronto tax accountant, only Faris CPA offers the highest quality tax solutions in Canada.
We work with individuals and businesses to address their tax and accounting needs, including regulatory and bookkeeping services, business advisories, personal audits and more.
If you’re ready to work with the top CPA firm in Toronto, contact Faris CPA at 1-844-340-5771 or visit our website to schedule a consultation.
Testimonial
Sam Faris reduced the significant unreported income based on net worth audit to be nil. Sam’s approach in fighting these types of complex audits is unique and sophisticated. He found countless mistakes made by the auditor which were rectified when Sam appealed the audit decision. Instead of owing significant amount of taxes, Sam reduced it to zero. I highly recommend to hire Sam for this type of audits and any CRA problem.”
E.M., Ottawa
