Entries by Shirin

Farsi Accounting In Vancouver

Finding the right Persian accountant who can practice Farsi accounting in Vancouver can be difficult. Based out of North Vancouver, BC, SMF CPA chartered professional accountants is the go to stop for Persians looking for Farsi accounting services in Vancouver. At SMF CPA, we offer full service accounting for English and Farsi speakers alike. For […]

Farsi Accounting For Vancouver Persians

The Farsi speaking community in Vancouver is large and vast yet Farsi accounting for Vancouver Persians is still hard to find. A lot of Persians in Vancouver are new from Iran and require an accountant which understands their specific financial troubles. We here at SMF Chartered Professional Accountants tailor our accounting communications to accommodate Farsi […]

Accounting For Cryptocurrencies

Cryptocurrencies are a new phenomenon with growing popularity. With all new currencies, investments and financial tools comes new accounting regulations. You need to learn to account for your cryptocurrencies from an accounting standpoint in a transparent and advantageous manner. Despite the increased attention digital assets are receiving, the financial reporting for these assets doesn’t fit […]

Why Hire A Professional For Bookkeeping?

Bookkeeping is a practice which requires diligence and attention to detail. A minor mistake in basic calculations can cause financial books to represent numbers which are inaccurate. This is where a professional bookkeeper is invaluable. Not only will they save you time and money but they will also insure that the job is done thoroughly […]

What Is Forensic Accounting?

Forensic accounting is the utilization of accounting, auditing and investigation techniques to conduct a thorough analysis of the finances of an individual or a business. Forensic accounting is the means by which fraud and other nefarious activities are discovered. Most notably it is used to convict fraudsters who swindle honest investors by inflating the incomes […]

The 4 Most Important Financial Statements

In order to understand how a company’s financial standing is, you will be required to familiarize yourself with these 4 financial statements: The Balance Sheet – The balance sheet reports the company’s assets, liabilities, & owners equity at a given point in time. It is usually the best place to start because it gives a […]

What Is GAAP (Generally Accepted Accounting Principles)?

Have you ever been in a financial conversation and wondered what is GAAP? GAAP stands for Generally Accepted Accounting Principles. It is a collection of commonly followed accounting rules and standards which ensure that accountants are operating ethically on behalf of their clients. The main points consist of the recognition of assumptions, principles and constraints […]

How To Choose the Right Accountant

Choosing the right accountant can be a daunting task but selecting the right accountant is one of the most important decisions you can make. Whether it is for personal or business finances, a competent accountant can help you save money and keep you out of trouble. There are many metrics by which one can measure […]

Tax Avoidance Vs Tax Evasion

Simply, tax avoidance is the organization of one’s financial affairs aimed to minimize their tax burden. Tax avoidance is NOT ILLEGAL, it is a hallmark of what makes a competent accountant extremely valuable. An intelligent accountant can guide their clients to maximize the amount of income they retain following taxation. This can be done through […]