Business Meeting With An Accountant

Business Accounting In Vancouver

Getting services for business accounting in Vancouver can be extremely costly. but you should know that it can be easily done without pain. Business accounting is a very serious issue for several reasons. Here we will go over the top 3 reasons why business accounting (especially in Vancouver) is extremely important.

Accurate Forecasting

In order for a business to forecast their future plans, they need to know where they stand financially. This is not only to ensure they remain solvent but also to be able to allocate finances correctly. Whether it is for R&D or employment, financial forecasting cannot happen without accurate business accounting.

Tax Avoidance

No one wants to pay for more taxes than they need to. This is where an experienced business accountant is invaluable. Speak to an experienced CPA to ensure that you are not paying a dime more than you need to without getting into trouble.

Accountability

Accounting is accountability. Ensure that you are holding your business fiscally accountable and reducing financial waste wherever possible.

 

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

You can also find us through Salam Vancouver MagazineDaneshmand MagazineMeta Marketing, & Salam 118.

A calculator and a pen for accounting

Tax Accountant In Vancouver

Finding a good tax accountant in Vancouver can be very difficult. Many of our clients still wonder how they can better prepare for tax season. Here we will go over the three main points to remember when it comes to accounting for your taxes.

1. Transparency

Honesty is the best way to avoid falling into trouble with the tax man. Go over all your paper work with a chartered professional accountant and ensure that you are being as transparent as possible.

2. Keep Your Receipts

Make sure to keep all your receipts throughout the year. Track everything you spend on your business. The more expenditure you have for your business the less you’ll have to pay in taxes at the end of the year.

3. Speak To A Chartered Professional Accountant

The best thing is to always speak to a chartered professional accountant before you make any declaration about your taxes to the government. Nowadays there are a lot of low cost software available which allow clients to file their own taxes. Though the software may have the benefit of convenience, it does not allow clients to maximize their tax dollars. This is where an experienced CPA comes in.

 

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

You can also find us through Salam Vancouver MagazineDaneshmand MagazineMeta Marketing, & Salam 118.

How to prepare for an audit

How To Prepare For An Audit

Getting served with a notice of audit can be very scary. Many clients come to us in a panic, not knowing what to do. Here we will give you a step by step guide to help you prepare for an impending audit.

Step 1: first get your paper work in order

Ensure that you have the following 5 pieces of paperwork:

  • General ledger
  • Fiscal year budgets
  • Invoices and bills
  • Transaction records
  • Financial statements

 

Step 2: Go over everything with a chartered professional accountant

Speak to a chartered professional accountant about what strategy you’re going to utilize when it comes to addressing the audit. A professional accountant will be able to help you get your story straight and help you avoid making any legal mistakes. Government audits are high stakes, so having someone with experience on your side is truly invaluable.

 

Step 3: Develop a timeline & assign responsibilities

Ensure you have a timeline with specific details as to who is responsible for what. This way you will get through your audit without a hitch. Once you know exactly what your financial standing looks like, the audit will go by without issue.

 

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

You can also find us through Salam Vancouver MagazineDaneshmand MagazineMeta Marketing, & Salam 118.

bitcoin being physically held

Accounting For NFTs

When it comes to accounting for NFTs, there are currently no specific standards set by Canadian governing bodies. What is clear is that these digital assets are classified as intangible assets which should be recorded at the price of purchase. When it comes to amortization of NFT’s this topic becomes a lot more complicated and it throws a big wrench into the question as to how one should conduct accounting for their NFTs.

When looking to account for NFTs or any other digital asset, it is always recommended to reach out to your trusted local chartered professional accountant. They should know the laws by which your province governs.

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

You can also find us through Salam Vancouver MagazineDaneshmand MagazineMeta Marketing, & Salam 118.

a calculator next to tax documents

What Is Cost Accounting?

Definition

Cost accounting is a form of managerial accounting which focuses on the cost structure of businesses. It assigns certain costs to products, services, processes, projects and related activities. Through cost accounting, you can hone in on where your business is spending its money, how much it earns and where you might be possibly losing money. Managers and employees may use cost accounting internally to improve your business’s overall profitability and efficiency.

Elements of cost accounting include

  • Direct and indirect materials
  • Direct labor
  • Overheads

Types Of Cost Accounting

  • Standard Cost Accounting
  • Activity-Based Cost Accounting
  • Marginal Cost Accounting
  • Lean Accounting
  • Life Cycle Accounting

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

You can also find us through Salam Vancouver MagazineDaneshmand MagazineMeta Marketing, & Salam 118.

A Persian Accountant Talking To Elderly Man

Persian Accountant In Vancouver

Everyday we get requests from Persians all across the lower mainland for a Persian accountant in Vancouver which they can trust. It can be hard to find a financial advisor who knows what you are going through as a newly landed immigrant in Canada. Often times, people are looking in all the wrong places.

At SMF Chartered Professional Accountants we offer:

  1. Accounting services in Farsi for all Persians living in Vancouver.
  2. Farsi financial representation for all Persians living in Vancouver
  3. Facilitating financial transactions between families in Iran & Canada.
  4. Any custom financial requirements for Iranians living within Canada.

 

For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

You can also find us through Salam Vancouver MagazineDaneshmand MagazineMeta Marketing, & Salam 118.

Woman In Vancouver doing accounting

Accounting In Vancouver

Finding good accounting in Vancouver can be a troublesome task. First, you have to be sure that the person you’re dealing with not only has your best interests in mind, but also that they are competent enough to see through your goals and visions. Here are some specific situations where problems may arise when dealing with accountants in Vancouver:

  1. They don’t fully understand your situation: Ensure to emphasize your specific concerns and decisions you’ve made which could affect you.
  2. They don’t see your vision: Explain to them what you are trying to achieve by getting your finances in order.
  3. They don’t understand how you make your income: For self-employed professionals, this is extremely important.
  4. They don’t understand your errors: Speak honestly about your errors and mistakes. The more the accountant understands about your past, the more he/she can help you.
  5. They aren’t questioned: Ensure to question everything your accountant does and have them explain to you in detail every step of the way.

 

For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

You can also find us through Salam Vancouver Magazine, Daneshmand Magazine, Meta Marketing, & Salam 118.

A calculator and Farsi accounting paper

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 more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

 

 

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Iran flag with Persian colors in the wind

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 speaking Persians in greater Vancouver and all across the greater Vancouver area.

There are three main advantages to this:

  1. Persians can trust that they have a clear and thorough line of communication with their accountant.
  2. The laws and practices in Iran and Canada differ greatly. Having a knowledgeable CPA show you how to make adjustments will be a massive help in preventing rudimentary financial mistakes.
  3. Asset transfers and taxes in Canada can be complicated for immigrants. An experienced Chartered Professional Accountant can help expedite this process and make it pain free.

For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

If you would like to read more about Farsi accounting services, Click here.

 

This post has been Search Engine Optimized By:

Salam Vancouver Magazine

Daneshmand Magazine

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Crypto currency going into piggy bank

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 cleanly into existing accounting guidance under US generally accepted accounting principles (GAAP).

A point to consider is that cryptocurrencies are not a debt security, nor an equity security (although a digital asset could be in the form of an equity security) because it does not represent an ownership interest in an entity. currently, by all measures it appears cryptocurrencies should not be accounted for as a financial asset.

Speak to your accountant to make sure you’re following everything by the book.

For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

If you would like to read more about accounting for cryptocurrencies, Click here.

 

This post has been Search Engine Optimized By:

Salam Vancouver Magazine

Daneshmand Magazine

Meta Marketing

Salam 118 Directory