The Tax Services Offered by Chartered Professional Accountants in St. Catharines are Essential

Choosing an Accountant? Here are Four Things to Look For...

If you are searching for a tax services CPA in St. Catharines and Niagara Region, here are four factors you should consider when making your choice.

Certifications: You need an accountant with the right qualifications. If you are looking for someone to handle your business’s financial statements, analysis and bookkeeping, a non-certified accountant may be sufficient. However, business owners require Chartered Professional Accountants (CPAs) - accountants who are certified and licensed, in order to access advanced tax advice and return preparation.

Expertise in your area: Has the firm dealt with other clients in both your size and specific sector?

Do you need a team? Go to the firm’s website and read up on the skill sets of its partners and associates. Can your tax services and financial needs be handled completely by the one firm?

Referrals and word of mouth: Don’t hesitate to ask for a referral when you are considering a firm. It is perhaps the most important professional relationship your business will require. Look for referrals from other businesses in your field. Word of mouth is often the best guide.

Some Areas of Tax Assistance a CPA Firm Can Offer...

A St. Catharines-based firm such as Jones & O’Connell LLP, can furnish a full range of tax expertise. Using a pro-active, team approach, working out of a paperless office, the firm’s income tax optimization services include personal tax preparation; investment portfolio review for tax optimization; tax shelter analysis; personal tax planning; estate planning; business succession planning and more.

In addition to income tax optimization, the firm offers in-depth personal financial planning. Life’s events are often unexpected – and certainly at no time has this been more apparent as it has been in the Covid-19 era. Financial planning services include budgeting and forecasting future cash flows; tax shelter analysis; personal tax planning; and estate planning.

Estate and trust planning should maximize after-tax cash resources. The family and legal aspects of any trust must be considered as well, including business succession planning.

Representation can also be obtained with the Canada Revenue Agency (CRA). If there are blips in your relationship with the CRA, a good firm can help you get your affairs in order, and act as an advocate for you. This can include late filed personal tax preparing and voluntary disclosure of tax liabilities.

And, finally, personal tax preparation. Let the professionals deal with it!

CPA Firm Offers Many Other Services

Tax matters are, of course, only one area of a CPA firm’s mandate. As mentioned earlier, a firm with a team approach can also help you with related financial considerations.

Financial advisory can help with budget and forecasts; business valuation and the actual purchase and sale of a business.

Computer consulting will help your firm keep abreast of bookkeeping developments. A well-rounded firm can guide you through system planning and selection, installation and implementation; and training.

Do you have a business plan and/or marketing strategy? Management advisory can work to your advantage, along with human resources counseling.

There’s much to consider! But choosing the best tax services CPA firm in St. Catharines and the Niagara Region will go a long way to ensuring your financial success going forward.