Small Business Accountant in Mississauga
Your business is your life. You’ve put years of work into it, and you deserve a small business accountant who helps it succeed. Farrukh Ahmed, CPA, works with owner-managed companies and sole proprietors, and our fees are published, so you know them before you sign anything. We take care of bookkeeping, payroll, GST/HST and your returns for owners in Mississauga and across the Greater Toronto Area.
Did you know…
…Farrukh has been a professional accountant for more than 30 years, qualified as a Certified General Accountant in 1992 and has belonged to CPA Ontario since 2013? He previously worked with the CRA on tax matters for individuals and corporations. Today, he keeps your records ready in case the CRA ever asks questions, and he will also help you build a plan for long-term success.
Three Decades Serving GTA Owners
The firm has worked with owners and their companies across the Greater Toronto Area for more than 30 years. Meetings happen on Zoom or at the Mississauga office, and Farrukh has guided companies through a first hire, a change of structure and other milestones.
Taught at Sheridan College
Farrukh has taught a course on cloud accounting software, such as QuickBooks Online, at Sheridan College. We use the same accounting software with small business owners, so sales, bills and payroll stay current and you can see where cash stands on any given day.
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Chartered Professional Accountant.
Why choose Farrukh Ahmed as your small business accountant?
Farrukh Ahmed is a CPA who has run his own practice for more than 30 years, and the firm holds a 5.0 rating from 100 Google reviews. Those reviews come from owners in Mississauga and across the GTA who work with him directly.
An accounting department without a new hire
Working with our small business accounting firm gives your company an accounting department without a new hire. That includes managing the books, preparing and filing taxes before important tax deadlines, and finding deductible expenses and ways to improve profitability. It frees up the hours that used to go to paperwork.
Already on QuickBooks Online?
If so, we work in your current file. If not, we set it up and show you how to read your financial reports, so you can see where your money goes each month. Those reports give you facts for pricing, hiring and growth decisions, and our accountants help you read the trends.
What does a small business accountant do during the year?
We keep your bookkeeping up to date in QuickBooks Online, reconcile your bank accounts and prepare financial statements you can read. We run payroll and remit source deductions to the CRA. We file your harmonized sales tax (HST) returns on time and claim the input tax credits you are entitled to. At year end, we handle tax return preparation for your business and for you, so your corporate income tax and personal income tax are planned together.
A typical year, step by step
First, we learn how you work, check your current records and set up the accounting software. Each month, we complete your bookkeeping and send financial reporting you can use for management decisions. At each HST filing date, we file your return and check that payroll remittances meet CRA requirements. At year end, we finish tax return preparation and meet with you to plan the coming year. Your file is handled by Farrukh and his team of accountants, including a Senior Accounting Manager with 7 years at the firm. As your company grows, we adjust the service to support that growth and your long-term success.
Sole proprietor or corporation?
Planning starts with the right structure. A sole proprietor reports business income on a personal return, while an incorporated company files its own corporate return. Which structure works for you depends on how much you earn, how much you take out and when. We look at your numbers with you before you decide.
When do you register for HST?
We check when you need to register for GST/HST, register you with the Canada Revenue Agency and set up your HST filings, so you meet the filing requirements from day one.
What does it cost?
We’ve worked with many self-employed and incorporated small business owners, and we believe you’ll find that our accounting services for small businesses cover most, if not all, of your needs. Our fees for your personal and corporate tax returns are published, and corporate work is billed monthly. You can check them on the pricing page, so you know what to expect before we start.
Accounting Services for Small Business
Our small business accounting services cover…
- Accounts payable
- Bill payments
- Financial statements
- Payroll services and source deduction remittances
- Corporate return (T2) and planning
- Business tax planning
- Personal income tax returns (T1)
- Tax minimization strategy
- Filing for tax refunds
- CRA Assessment Support, including correspondence and representation
- GST/HST filings, monthly, quarterly or annual
- Advisory & Consulting Services
- Choosing a structure and incorporating
- Operating expense analysis
- Bookkeeping in QuickBooks Online
- Cash flow forecasting, budgeting and management reporting
- Salary vs. dividend planning
Start with a discovery call to talk about how our firm can help your small business. If we’re a good fit, we’ll meet for a complimentary strategy session at our office or on Zoom.
We would not hesitate to recommend his services to anyone. You’ll be in very good hands.
See Review on Google
He gives you the time of the day and doesn’t treat you like another invoice. Farrukh is also well informed – be it latest industry regulations or best practices. This ensures compliance for his clientele.
Farrukh and his team have our vote and we confidently recommend their services to those in the market for business or personal needs.
He is very responsive, one thing I have noticed being in Canada is it’s very hard to get hold of a professional when you need them. Farrukh is on the other end of this spectrum, he is always there when you need him.
He is kind and empathetic. Most of all he is very fair, reasonable and has great knowledge about CRA.
Thanks farrukh for being there with us when the tides were rough.