We solve serious CRA tax problems

CPA in Hamilton, ON | Faris CPA

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Most business owners find managing their finances and accounting books to be tricky. These two closely related tasks are surprisingly time-consuming and complex. It is all too easy to make a mistake that will have serious consequences for your business.

For example, not doing your bookkeeping properly, can easily lead to your not seeing an upcoming cashflow issue early enough for you to do something about it. In some cases, profitable businesses have ended up folding because they have not kept accurate accounts and been able to see trouble coming. If they had been able to generate cash flow reports they could have borrowed money to see them through those tight periods. Or perhaps have had a sale to turn stock over fast enough to fill the gap.

Poor accounting practices can also lead to mistakes being made on tax returns, which may mean an audit. Or, worse being fined, even prosecuted.

CPA in Hamilton, ON

No firm can afford to get their accounting wrong. At Faris CPA we are very aware of this, which is why we provide each client with exceptional service.

When you hire us, you are hiring a proven expert who will take care of your bookkeeping needs. Using our in-depth knowledge of the Canadian taxation system you can avoid trouble and stay on the right side of the tax authorities.

As you can see below, our qualifications and certifications are impeccable. We are members of the following professional accountancy bodies:

  • Chartered Professional Accountant (CPA) in Canada
  • Amalgamation of Certified General Accountant (CGA)
  • Chartered Accountant (CA)
  • Certified Management Accountant (CMA)

Why Hire a CPA in Hamilton, ON

There are several good reasons to hire a CPA. We can take much of the burden of handling your financial and tax affairs off of your shoulders. Here is a list of just some of the tasks we can do for you:

  • Get your taxes in order
  • Handle the declaration and payment of any taxes you have not yet paid, which will help you to avoid being audited and fined by the CRA
  • File your corporate tax returns on time
  • File your personal taxes
  • Provide you with a full tax planning service
  • Assist you in setting up and running your payroll software correctly
  • Ensure that proper bookkeeping processes are in place
  • Regularly audit your bookkeeping processes to make sure standards do not slip
  • Help you to put together the necessary paperwork to secure start-up funding
  • Extract important data from your accounts to enable you to make sound business decisions
  • Continue to assist you with seeking loans and funding as your business grows
  • Facilitate proper accounting of sales
  • Facilitate proper accounting of business acquisitions
  • Prepare all of your financial statements for year-end closing
  • Prepare you for CRA, GST and HST audits
  • Explain how to adapt your bookkeeping and accounting processes when thresholds or requirements change

We will do all of the above in a timely fashion, making sure that deadlines are not missed. Our experience and the high-end accountancy tools we use allow us to work extremely efficiently and accurately.

The fact that we are able to work fast, helps us to keep the cost of our services down. Often, over time, you will find employing us to be less expensive than running a large in-house team.

With the right processes in place, you only need to employ data entry staff. So, you do not have to go through the hassle and expense of recruiting, training, equipping, and running a large accountancy team.

Skills of a CPA

Over the years, we have built up an extensive understanding of all aspects of corporate accounting, bookkeeping and taxation. Being based in the province of Ontario means that we are also familiar with the ins and outs of the taxation system here.

You can rely on us to assist you with all aspects of your financial planning. This includes producing profit and loss reports to help you to identify the most profitable areas of your business. Data you can use to decide where to invest your time and money next.

Our data analysis service will also help you to stick to a budget and get your overheads down. To improve the cash flow, so you can take advantage of new business opportunities when you see them. Or to simply have enough cash available in your business to buy when you see raw materials offered at a rock bottom price.

The relationship we have with our clients is more like a partnership than anything else. We see your success as our success. One of our main aims is to provide you with the information and support you need to become more profitable. We know that as you grow, so do we.

Make sure your finances and books are properly maintained by hiring a CPA in Hamilton

Talk to a Hamilton CPA from Faris

Faris CPA work with companies of all sizes in Hamilton and the surrounding area. We enjoy working with start-ups and seeing them grow into national, then international corporations. Our team has the necessary experience to stay with you at every stage of your business´s development. As you can see from our about us page, we have extensive experience with firms across all industries.

Whether you want us to prepare analytics, handle your financial planning, stay on top of all your tax filing requirements or all three, you can hire us. We will tailor the package of services that we provide to fit in with what your business needs both now and in the future.

Focus on your business, while Faris CPA takes care of your books.

Contact Faris to Hire a CPA in Hamilton, ON

Start by scheduling an assessment through our website’s online contact form. Or, if you prefer, call our phone number.

However, you decide to contact us, you can be sure of a fast and professional response. We understand how busy you are, so we will give you the information you need quickly and in a format that you can immediately put to use.

PRO TIP :

“Compliance is the key to avoiding trouble with the CRA. Do a third-party audit by a tax professional to make sure your accounts are up-to-date.”

FAQ’s on Getting a CPA in Hamilton, ON

I run a small business; do I need to hire a CPA?

If you run a small business, it is wise to hire a CPA. You are not legally required to do so. But the services they provide will put you on a firm footing financially and make sure you are tax compliant from the outset. The best CPA firms offer packages that are designed to meet the needs of start-ups without being prohibitively expensive.

I already use accounting software; do I still need to hire a CPA?

If you already use accounting software, you may not need to hire a full-time CPA. However, it is still wise to ask one to come in to audit your processes and books. That will highlight any issues. You may also want to find out how much a CPA would charge you to take care of your books permanently. Sometimes it is more cost-effective to hire a CPA than it is to continue to do them yourself.

How can a CPA help if I’m being audited by the CRA?

If you are being audited by the CRA a CPA can help you to prepare your books and paperwork. Over the years, they will have handled all kinds of tax audits. So, they are in a good position to prepare you for the process so that things go as smoothly as is possible in the circumstances.

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Chartered Professional Accountant in Canada, U.S. and U.K.

Testimonial

“Sam handled a complex and urgent tax situation with professionalism, attention to detail, and speed. He quickly sorted out the situation with the CRA and made significant improvement to my overall tax situation. I recommend Sam and his team to anyone who needs fast, reliable tax help that you can trust. ”

Heather Krause