As an American living abroad, the term FBAR or FINCEN 114 might sound familiar, yet the intricacies of what it entails, why it matters, and how to navigate it might remain unclear. In this article, we’ll delve into the world of FBAR—Report of Foreign Bank and Financial Accounts—unravelling its significance and demystifying the process of… Continue reading Demystifying the FBAR (Form FinCEN 114): A Comprehensive Guide to FBAR Reporting and its Filing Requirements

In recent times, an increasing number of Canadians have found themselves facing a rather unwelcome piece of mail – the Canada Revenue Agency (CRA) review letter. This surge in review letters has left many individuals and businesses grappling with uncertainties. In this article, we will talk abut how you can effectively navigate the complexities associated… Continue reading CRA Pre-assessment Review, Post-assessment review, and CRA Audits

Personal tax returns for Canadian residents & non-residents (T1) Rental Income (T776) Self-employment business income (T2125) CRA correspondence and assistance with audits and reviews Personal GST filings Foreign income verification statement (T1135) Personal tax planning & strategies (RRSP, TFSA, HBP, LLP, dividend vs salary) * These are just some examples and is not an exhaustive list

We are happy to provide accounting, tax, and consulting for both Canadian and US businesses and individuals. We also specialize in CFO & controllership services for growing businesses, providing dynamic external C-suite management. Clients can take advantage of our management services and leverage our multi-industry experience to get practical advice they can grow with. At… Continue reading Corporate Accounting & Tax