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How long should I keep my income tax records?
Generally speaking, you should keep your supporting documents for 7 years.
Why is my bank asking me for “reviewed” financial statements?
In certain circumstances when applying for a loan or maintaining a loan from a bank, they require yearly reviewed financial statements signed off by a designated accountant. In the event you fail to provide the reviewed financial statements you can be in default of the loan agreement and the bank can request the money back. … Continue reading Why is my bank asking me for “reviewed” financial statements?
Accounting Tips for Small Businesses Owners in Canada Watch Video
If you own a small business in Canada, then you must read this article.
The Best Accounting Practices Watch Video
Every business owner knows that there are 4 pillars that make and keep a business successful
Deloitte, PWC, KPMG, E and Y Toronto – Cost Effective Alternatives Watch Video
The big 4 accounting firms, Deloitte, KPMG, Pricewaterhousecoopers (PWC), and Ernst and Young (E&Y),
5 Reasons Why Poor Business Accounting Services Hurt Company Profits
Poor business accounting services can really hurt your company’s bottom-line. So what is that you can do as a business owner to make sure this doesn’t happen? there are many reasons why poor business accounting services hurt company profits. If you follow the 5 best business accounting practices below, your company will be on the … Continue reading 5 Reasons Why Poor Business Accounting Services Hurt Company Profits
Expert Accounting Tips by Allan Madan (Accountant Milton)
Allan Madan is an experienced professional accountant and tax expert in Milton, Ontario, Canada. Below, he shares his top 5 extremely helpful accounting tips for your small business. 1. Keep accurate records, says Chartered Accountant Milton Accurate books and records are essential for any business. By having an accurate set of books and records you … Continue reading Expert Accounting Tips by Allan Madan (Accountant Milton)
Accountant in Mississauga Business Tips
As an Accountant in Mississauga, I’ve worked with many businesses in various industries. With this experience, I truly understand the causes of business success and business failure. You should read this blog post to make sure your business is on the right track.
Accounting in Toronto–What Business Owners Need to Know
Why is accounting so important for your business? After all, as a business owner you only care about your company’s sales figures and cash balance. Accounting really doesn’t matter that much. Wrong. What does a small business owner need to know? first, accounting does matter, because it provides you with an accurate picture of the … Continue reading Accounting in Toronto–What Business Owners Need to Know
Tax Seminar for Accountants & Bookkeepers
On February 17, 2010, I held a tax seminar for accountants and bookkeepers entitled “Taxation for Accountants & Bookkeepers.” The seminar was a great success with over 35 accountants in the Greater Toronto area in attendance. You can download a copy of the handouts provided at the seminar: Taxation for Accountants & Bookkeepers
Chartered Accountant Toronto – Why Do You Need One?
If you’re a business owner, I strongly recommend that you hire a Chartered Accountant Toronto. Chartered Accountant Toronto can provide you with valuable insight into the profitability, financial strength and operations of your business. Chartered Accountant Toronto – Financial Statements As a business owner, you should be regularly reviewing your company’s financial statements with your … Continue reading Chartered Accountant Toronto – Why Do You Need One?
Greetings from Allan Madan! Watch Video
Madan Chartered Accountant is an accounting firm specializing in tax, assurance, accounting and consulting
What are business accounting services?
Business accounting services can be defined as “tools that enable you to make effective management decisions for a business”. To elaborate, business accounting services include (but are not limited to): Financial Statement Preparation Bookkeeping Tax return preparation Tax planning You Need Business Accounting Services in Mississauga Every business in Mississauga, whether large or small, … Continue reading What are business accounting services?
Is there such a thing as a Chartered Accountant – Expert in Taxes?
Yes, there are Chartered Accountants in Toronto who are also Experts in Taxes. Allan Madan of Madan Chartered Accountant in Toronto is a Tax Expert: He has completed Parts 1 and 2 of the Canadian In Depth Tax Course, which is the most comprehensive tax training in Canada He has held several tax seminars, including … Continue reading Is there such a thing as a Chartered Accountant – Expert in Taxes?
How can an Accountant in Mississauga help my business obtain a bank loan or line of credit?
Accountants in Mississauga can assist you with your company’s financing objectives, including obtaining a loan or line of credit from the bank. Evaluate Health of Financial Statements First, an Accountant in Mississauga can evaluate the health of your company’s financial statements to determine the likelihood of your company being approved for a loan. Companies that … Continue reading How can an Accountant in Mississauga help my business obtain a bank loan or line of credit?
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