WHY CHOOSE US?


Welcome to K.K. Chartered Professional Accountant’s website. We are a specialist firm of accountants with vast experience in all area of financial matters. We are particularly proud of our reputation and our unparalleled financial knowledge, which is reflected in an impressive track record.

By securing the services of K.K. Chartered Professional Accountant we promise to provide you with the best possible representation, management and prospect of a successful result.

Please take your time to look at our website to gain more knowledge of the services we can offer your business.



PERSONAL TAX RETURNS
TAX SERVICES

We are committed to providing our clients the highest level of professional tax related services. Our goal is to assist our clients in maximizing from their tax return as well as offering instant tax refunds on site.

Today’s tax laws are complicated, and are constantly changing year to year as result many overlook the credits and deductions to which they’re rightfully entitled.

Our philosophy is to educate and inform our clients so that they’re more comfortable and completely understand their finances in simple terms.

CORPORATE TAX RETURNS
TAX SERVICES

Increase your tax deductions!

As tax accountants servicing the GTA we can prepare corporate tax returns for your company to maximize businesses profits.

We help you set up corporate budgeting tools to keep track of your eligible expense/ itemized deductions.

Itemize deductions to include expenses for health care, property taxes, mortgage payments, tax preparation fees, investments, assets, and donations as well as vehicle related expenses.

Corporate income tax return must be filed with the CRA within 6 months of your corporation's year-end. For most businesses this deadline is June 30th (if your corporation has a December 31 year-end).
If you fail to file by the deadline, you'll be paying significant penalties and interest.

TAX SERVICES


BOOKKEEPING
ACCOUNTING

Our knowledgeable bookkeepers assist our clients in keeping organized and on time by preparing clients from the onset.

Our reputation in managing the finances of our clients sets us apart in the industry. More importantly, our clients that utilize our bookkeeping services remain ahead of the curve by having their financial transactions appropriately recorded in a timely manner. This includes maintaining an electronic record on file that provides our clients piece of mind.

PAYROLL SERVICES
ACCOUNTING

Let the tax accountants at K.K. Chartered Professional Accountant handle your businesses payroll details for you.

Whether you run a weekly or biweekly payroll, we will ensure your employees are paid on time every time.

Employees expect timely and accurate pay checks for their hard earned dollar. As a business owner, you may feel the pressures of maintaining payrolls such as verifying CPP contributions and EI premiums.

Rest assured that when you choose our payroll services help is just a phone call away!

FINANCIAL STATEMENT PREPARATION
ACCOUNTING

K.K. Chartered Professional Accountant provides professionally compiled financial statements that simplify your business activities. The financial statements provided by our specialists are presented in a structured manner, which are easy to understand by everyone.

Financial institutions require comprehensive financial statements in order to qualify for bank loans, mortgages and other credit extensions. Our diligent practices ensure that our clients are adequately prepared to meet these requirements.

Our financial reporting software is compliant with industry standards (GAAP/IFRS) so that they are reliable, understandable and meet the needs of prospective investors.

HST / GST RETURNS
ACCOUNTING

K.K. Chartered Professional Accountant has over 5 years experience filing GST/HST returns for our clients. Harmonized Sales Tax (HST) is used in provinces where both the federal Goods and Services (GST) and the regional Provincial Sales Tax (PST) have been combined.

Generally, you do not have to register for GST/HST if your worldwide revenues are $30,000 or less. However, if you are than we recommend our clients take advantage of income tax credits.

The Quick Method is a simple way to file your HST returns to help small businesses. This method reduces paperwork and makes it easier to calculate GST/HST remittances and file returns.

Learn more about what CRA refers to as taxable, zero-rated, and exempt supplies by contacting K.K. Chartered Professional Accountant today.

WSIB RETURNS
ACCOUNTING

WSIB is loss of earnings benefits and health care coverage, which is legislated by Ontario government. K.K. Chartered Professional Accountant has thorough knowledge about up to date 2013 WSIB laws and premiums. Further, we can assess your business and determine if you are eligible to take advantage of exemptions related to mandatory coverage.

CRA AUDIT ASSISTANCE
ACCOUNTING

If you have received a CRA Audit letter, it is usually a request to produce financial statements, business records including your ledgers, journals, bank accounts, sales invoices, purchase vouchers, and expense accounts.

DO NOT RESPOND TO CRA ON YOUR OWN - CONSULT K.K. CHARTERED PROFESSIONAL ACCOUNTANT

We will ensure your returns are filed appropriately, respond to letters, set up meetings directly with the CRA and conduct the audit on your behalf. We understand the ever-changing tax law in Canada and can recommend best practices to tax planning in order to minimize your tax owing, interest, and penalties associated with the audit.

Audit Triggers:

  • Reporting net losses year after year on your tax return.
  • High expenses compared to other businesses in your industry.
  • Unusually high charitable donations.

File and pay your taxes on time - we send you reminders to keep you on track.

Reporting personal/household expenses, as a business expense is one of the most common mistakes that CRA targets during audit.

K.K. Chartered Professional Accountant will help you differentiate between business and personal expenses and recommends separate bank accounts to organize your finances to prevent audit situations.

ACCOUNTING
INCORPORATING BUSINESSES
Consulting

As Business accountants K.K. Chartered Professional Accountant can assist your business, whether new or existing, in incorporating and reaping the benefits of incorporation.

Some of the benefits of Incorporating include:

  • Low tax rate: 15.5% as opposed to 46.4% " that means by incorporating, you could save up to 30% in taxes"

  • Limited liability protection: This means in the event of a lawsuit against your corporation, your personal assets such as your house, your vehicle and personal belongings are not at risk.

  • Paying dividends: Granted the ability to pay dividends to share holders. If you are a shareholder of a Canadian Controlled Private Corporation, then you can receive up to $40,000 in dividend from the corporation, without paying any tax whatsoever at the personal level.

  • Income splitting: The ability to income split with family members through the use of a corporation.
TAX PLANNING
Consulting

Our tax expert's develop short and long-term plans that minimize the taxes for your business. We believe that each business is unique and as a result are entitled to different tax benefits. Allow our business consultants to adopt a strategy that best fits your businesses requirements.

BUSINESS PLANS
Consulting

When looking to start a new business or apply for a loan, lending institutions usually require a strong business plan with financial projections from a certified professional. Our team offers custom-made business plans and advice to our clients around the financial viability of businesses, target operating model, marketing strategies and of course the financial projections. Please contact our office for more information.

FINANCIAL ANALYSIS
Consulting

K.K. Chartered Professional Accountant understands the depths of concerns regarding businesses in their day-to-day process. We set ourselves apart with our specialized experience in financial planning, budgeting and forecasting. K.K. takes all factors into consideration such as pricing, cash flow analysis and the preparation of income statements. Our staff provides the appropriate analysis of your business finances in an easy and simple format that allows our clients to make business decisions with more precision.

SOFTWARE TRAINING
Consulting

Learn how to effectively implement and execute software's that manage your business. Our knowledgeable staff is well rehearsed in a variety of financial software including expense management, time sheets, and purchase order applications. These software's help facilitate in business growth and management. Let the experts at K.K. help to implement software's into your business practices. We also provide CRM and enterprise resource planners.

CONSULTING
MORTGAGES
Financing

The purchase of a home or business is the biggest investment individuals and families make in their lifetime. Give us a call when looking for advice, direction and information regarding mortgages.

BUSINESS LOANS
Financing

K.K. Chartered Professional Accountant is here to help your business achieve all of its milestones. When it comes to obtaining growth most businesses require additional financing whether it being from the bank or a private investor. K.K prepares their clients with the appropriate financial statements, analysis, credit checks as well as direction in applying to the right avenues. K.K. Chartered Professional Accountant will help your business take it to the next level, however large or small that may be.

FINANCING








OUR TEAM
KAMAL KHERA
MBA, CPA, CMA
PRESIDENT
CONTACT US


     









Address:
770 Mohawk Road West
Hamilton, Ontario
L9C 1X9
phone: 905 667 1727
toll free: 855 667 1727
fax: 905 667 1728

email: info@kkcpa.ca