Services

Anna Liu, Certified General Accountant

Services

Description of Services in Detail

Financial Controllership and Management Consultancy

Maintaining a sound financial control in your business is the key of success in today economy. Accounting records and financial reports must be regularly reviewed, so that any issues identified could be immediately addressed. I can be a partner of your company by handling some or all of the following tasks to help your business growing healthily.

- Assisting in starting a business, budget set up and cash flow forecast.

- Assisting in interpretation of accounting principles Canadian GAAP and IFRS applied and conversion of accounting reporting required.

- Periodically review accounting records and financial reports, conduct variance analysis and generate various kinds of reports on ad hoc basis.

- Developing solution on debt management, improving cash flow and operation issues.

- Assisting in preparing business plan to apply for credit facilities from financial institutions or other sponsors.

- Carrying out risk analysis of the business and develop strategy to mitigate the exposure.

- Assisting in researching of financial incentives created by all level of government for specific purpose or business operating in specific sector to build a more sustainable enterprise.

- Assisting in developing control procedures, conducting internal audit or setting up fraud prevention program.

Tax Planning and Compliance for Individuals and Owner-managed Business

Whether you need an assistance to interpret tax effects of a business transaction or a decision on your business, or you are preparing to step into the next stage of your life, I am willing to listen and help you out in handling the tax situation you are currently dealing with, whether it is sales tax i.e. GST/HST or income tax. Be prepared to talk about it ahead of time, as tax planning is a year round process rather than a year end exercise. Failing to plan just means planning to fail.

I also provide service in preparing both of personal tax return (T1) and corporate tax return (T2) for compliance purpose, as well as assisting in dealing with auditors. Enquiries from new immigrants are always welcome. I can also arrange to work with your legal and financial professionals when necessary to make sure that your best interest in a legal regime is fulfilled.

You may realize that there are bundles of tax credits created by different level of government for specified purpose or business engaged in specified activities. However, be aware that restrictions and conditions always exist, also the benefits that the tax credits promoted may not necessarily generate financial benefits in your case. I can assist to do the research and analysis before you step out to incur capital expenditure on those specified activities.

Support and Resource to Other Practising Accountants and Professionals

There is no doubt to understand that clients' needs are always addressed in priority when resources are available within the professional network. With a diverse background in experience and knowledge I have, I am well positioned to help out other practitioners in public accounting. Whether you need a hand to assist in a big project like conversion from Canadian GAAP to IFRS or just to handle part of the audit engagement, please let me know.

In today world, problems become more complex and many projects need to be handled with interweaven training and skill from professionals with diverse background. Whether you are from legal, scientific or engineering background and you need help on projects with input from someone with training as an accounting professional, please do not hesitate to contact me. Also I would be particular excited to work in green projects with professionals from environmental sector.

Computerized Accounting and Bookkeeping

The importance of keeping proper accurate updated accounting records can never be over stressed. Not only does it provide information you need to understand the financial picture of your business, but it also helps to mitigate the problem in a timely manner should any unfavourable issues identified. Besides, an accurate and complete accounting record provides a forceful and reliable backup in filing the government reporting return such as GST/HST, payroll remittance etc. While you focus on the operation function of your business, I can reduce your burden in tracking of the financial transactions by providing you periodic financial reports and keep you informed on regular basis.

I also offer similar service to individuals who would like to have an accounting professional to keep track and organize the financial records for them, whether it is for budgeting, tax reporting or financial planning purpose.