Faced with an increasingly demanding economic environment, it is vital for Canadian private enterprises to employ accounting standards that respond to their needs and the needs of those who use financial statements.
Success of private enterprises require access to a reliable advisor who understands and values your business and respects the personal stake you have in its success. "Accounting is a process of recording, summarizing, analyzing and recording of financial transactions of an enterprise." It is a key function of any business enterprise and is often referred to as "Language of Business”. Business accounting not only helps in making short and long term business decisions, but also helps an enterprise grow and penetrate the market. Proper reporting and accounting practices help maintaining investors’ confidence.
Faris CPA can help keep your accounting records clean and up to date, ensuring that the results of your operations and statement of financial position are properly reported. We can analyze your balance sheets and calculate profit and loss accounts ratios to assess the performance of your business. Through proper reporting and accounting practices we help you make short term and long term business decisions, help your business grow, maintain investors’ confidence, and stimulate economic growth.
As an experienced, certified, licensed, tax accounting firm we help our clients handle all CRA and other accounting related issues. Call today for a confidential initial assessment at 1 844 340 5771.
Sam Faris is a Toronto-based Chartered Professional Accountant who practices as an independent consultant on high-level Canadian tax matters and handles disputes with CRA. He has recently published an article a business magazine: HERE
- Accessing the Small Business Deduction in your Business
- Changing Rules for Small Business Deductions