FAQs

We offer comprehensive accounting services, including tax preparation, bookkeeping, payroll management, financial consulting, and tax planning. Whether you’re an individual, a small business, or a larger corporation, we provide customized solutions to help you manage finances efficiently and stay compliant with tax regulations.

Our experienced CPAs focus on tax optimization strategies that help minimize your tax liability. By leveraging deductions, credits, and other tax-saving opportunities, we ensure your business only pays what is necessary, helping improve your cash flow and bottom line. Proactive tax planning throughout the year can significantly reduce your tax burden.

It’s ideal to consult with a CPA before the end of the fiscal year. Early consultation allows for effective tax planning, ensuring that your business is prepared for the next tax season with proper documentation and deductions. Our CPAs work with you year-round to keep your finances on track.

Bookkeeping is the process of recording day-to-day financial transactions, such as sales, expenses, and payroll. Accounting, on the other hand, involves interpreting, analyzing, and reporting financial data, and includes services like financial reporting, budgeting, and tax filing. Our firm provides both bookkeeping and accounting services, ensuring your financials are managed and analyzed professionally.

Absolutely! We handle everything from payroll processing to filing payroll taxes, ensuring compliance with all federal and provincial regulations. We also provide year-end tax reporting (T4 slips, ROEs) and help you navigate the complexities of employee benefits, wage garnishments, and deductions.

To ensure accurate and timely tax preparation, bring the following:

• Income documentation (T4s, 1099s, business income)
• Expense receipts (for deductions)
• Investment statements
• Previous year’s tax return
• Records of charitable donations
• Business financial statements (if applicable)

Our experienced CPAs focus on tax optimization strategies that help minimize your tax liability. By leveraging deductions, credits, and other tax-saving opportunities, we ensure your business only pays what is necessary, helping improve your cash flow and bottom line. Proactive tax planning throughout the year can significantly reduce your tax burden.

When selecting a CPA, consider these factors:

• Experience in your industry.
• A CPA who provides proactive advice on tax savings and financial growth.
• A firm that offers clear communication and responsiveness.
• A CPA who understands your business structure and provides tailored services.
  At AV CPA Professional Corp, we specialize in personalized, industry-specific solutions that empower your business to grow financially.

We provide both tax planning and tax filing. Our tax planning service includes strategizing year-round to minimize your tax liabilities, while our tax filing services ensure that your tax return is filed accurately and on time. We take a comprehensive approach to manage your taxes throughout the year, not just during tax season.

If you face a CRA audit or tax dispute, our experienced CPAs will guide you through the process. We provide representation and support during audits, ensure that all required documentation is properly submitted, and help resolve discrepancies efficiently to protect your business interests.

If you receive a CRA late notice or penalty, don’t panic. Contact our office immediately so we can review the issue and propose a solution. We can help you negotiate penalties and set up payment plans or provide any necessary documentation to resolve the situation quickly.

At AV CPA Professional Corp, we specialize in small to medium-sized businesses across various industries, including real estate, retail, hospitality, construction, healthcare, and more. Our CPAs are well-versed in industry-specific regulations and tax-saving strategies, offering tailored solutions that meet your unique needs.

Our fees are transparent and based on the complexity of your services. Whether you require simple tax filing, monthly bookkeeping, or extensive financial consulting, we provide customized packages to fit your budget and needs. Contact us today for a free consultation and personalized quote.

Yes, we offer expertise in international tax matters, including cross-border transactions, foreign income reporting, and compliance with global tax laws. Whether you’re a business with international clients or an individual with assets abroad, our CPAs will ensure your compliance with both domestic and international tax regulations.