Accounting Services For Startups
Whether you’re a software startup or a tech company my accounting firm is well equipped to support your business at every stage of growth.
Actions speak louder than words – Farrukh’s accounting firm has been servicing people in Greater Toronto Area (office located in Mississauga) since 1993. I have 27+ years of helping businesses likes yours manage their finances.
Chartered Professional Accountant
Farrukh Ahmed, CPA – I manually prepare, reviews, and audit each businesses finances to find out where money can be saved. I will prepare financial statements so you don’t have to.
Tax Auditor Experience At CRA
After gaining CPA designation I worked at the Canada Revenue Agency employed as a tax auditor. This experience has benefited my practice immensely.
Professor At Sheridan College.
In addition to the love I have for numbers and helping local businesses and aspiring entrepreneurs. I am also a professor teaching part-time at Sheridan College.
Farrukh’s Accounting Tip For Startups
The number one mistake of entrepreneurs make is believing they can do it all themselves (I’ll show you the budding entrepreneurs says). Jokes aside, the tax-code is very friendly to businesses as they are essential for a functioning society. There are many tax advantages for business owners.
For example, most new businesses usually get the help of family members to turn their business into a well-oiled machine. It is legal to pay your family members to work in your business and deduct profits as wages. But the onus is on you, the owner, to keep proper documentation of the work completed and wages paid. There’s more flexibility with hiring family and it’s easier to manage. This is completely legal as long as you treat it as if you were actually hiring a stranger. You should be able to prove to the CRA that the amounts paid were in the pursuit of business profit, amount paid was reasonable, and the work was actually performed by the family member.
Accounting Services For Start-Ups
With our accounting services and expertise we’ll help free up your schedule so you can focus on growth while we take care of the so called “boring stuff” (no offense taken). We advise, if you haven’t already, to separate personal accounts with business which can save you trouble in case of an audit to prove certain items as an expense.
Our accounting services for startups include but are not limited to:
- Registering for master business license.
- Manage GST / HST.
- Payroll Services.
- Bookkeeping for startups.
- Preparing Quarterly or Annual financial Statements.
- Filing for eligible Tax Refunds.
- CRA Representation in case of Audit.
- Personal Tax Filing.
- To incorporate or to stay a sole proprietor?
Farrukh Ahmed has been our accountant for over 25 years. We were one of his very first customers. He is extremely professional and takes care of his clients needs in a very timely and professional manner. We have recommended him to many of our family and friends and trust him with our financial/tax needs with utmost confidence.
Farrukh has been my accountant for at least the last twenty years. He has done an excellent job of assisting me in managing both my business and personal finances. His work has always been accurate and timely. His guidance over the years has been most instrumental in my success. Perhaps most important, he is always willing to answer my questions and provide guidance in a caring and pleasant manner. He genuinely cares.
An experienced accountant is like a having a world-class coach in your corner of a boxing fight. We’re here to tell you when you should cover up instead of throwing that big right hook. Farrukh Ahmed, CPA Accounting Frim has been servicing GTA for 27+ years. I’ve worked as CRA auditor for the first few years early in my career. Currently a professor teaching tax software to students at Sheridan college part-time, and also a certified professional accountant. This is not to brag but to give you the confidence to realize that you’re in good hands.
Give us a call and a chance to fight in your corner.
The reason why a lot of businesses and startups fail is because they don’t have a good grasp on their finances. They don’t have systems and processes for keeping track of where their money goes. We’ll help manage the books, prepare financial statements and tax filings on time to avoid any tax penalties. We make ourselves very accessible to our clients so you get on-going help, it’s not just a one time filing and we’re done.
Accountant For Startups
Accountant For Startups
- Advisory Service
- Accounting Service
- Tax Service
- Incorporation Service
- Payroll Service
- Bookkeeping Service
We provide free complimentary Audit defense service in case of an Audit by the CRA. We’ll work with you to make sure you have a proper defense against the CRA to minimize the impact of a tax audit.
- Full CRA Representation
- Forming Tax Documents
- Record Keeping