Blog | SMF Chartered Professional Accountant

Farsi Accounting In Vancouver

July 22, 2022/0 Comments/in Blog/by Shirin

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

July 14, 2022/0 Comments/in Blog/by Shirin

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:

Persians can trust that they have a clear and thorough line of communication with their accountant.
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.
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.

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.

You can also find our services through

Accounting For Cryptocurrencies

July 4, 2022/0 Comments/in Blog/by Shirin

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.

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.

You can also find our services through

Why Hire A Professional For Bookkeeping?

June 27, 2022/0 Comments/in Blog/by Shirin

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 with great accuracy.

The main reasons for hiring a bookkeeper are:

Saving time.
Ensuring you don’t miss unpaid invoices.
Leaves you to focus on growing the business.
Tax season will be less stressful.
Help you identify issues with cashflow.
You’ll always be prepared for an audit.
You’ll secure loans from banks much easier.
You wont miss any credits or deductions.

We help all our clients receive all the benefits listed above.

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 Bookkeeping, Click here.

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What Is Forensic Accounting?

June 21, 2022/0 Comments/in Blog/by Shirin

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 of their publicly traded companies.

There are three main take-aways from understanding forensic accounting:

Anyone can become a fraudster, no matter how moral they are. In most cases, people who commit financial crimes start out as honest individuals but eventually (either through greed, influence or negligence) find themselves committing fraud.
When investigating fraud, you must suspend your emotions towards the individual in order to conduct a thorough and unbiased investigation. What forensic accountants look to do is find crime & inconsistencies, not to make a moral judgement against another human being.
Pay attention to everything. It is nearly impossible to swindle a diligent man out of their money. Keep your eyes open and pay attention to everything when it comes to your money.

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 Forensic Accounting, Click here.

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Accountant talking about financial statements

The 4 Most Important Financial Statements

June 14, 2022/0 Comments/in Blog/by Shirin

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 good overall idea about how the company is doing.
The Income Statement – The income statement reports the company’s income, expenses, & profits over a period of time. The income statement provides information on the companies operations and sales numbers. It can give you a good idea as to whether or not the company is falling short in terms of production.
The Statement Of Retained Earnings – The statement of retained earnings provides information on changes in equity and effectiveness of reinvestment. What you want to see is how much the company is investing in its own future and how effective that investment is in terms of growing the company.
The Statement Of Cash Flow – The statement of cash flow shows the company’s cash flow activities in terms of financing, investing and operations. For companies which rely on regular intervals of income from subscribers or affiliates, this statement will show how solvent the company is.

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 Financial Statements, Click here.

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What Is GAAP (Generally Accepted Accounting Principles)?

June 7, 2022/0 Comments/in Blog/by Shirin

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 in respect to accounting practices. In recent years, GAAP has been adopted by the SEC (Securities & Exchange Commission) in the united states. It is generally regarded as the highest standard of practice when it comes to accounting.

A large majority CPA’s and accountants in Vancouver abide by GAAP. What you need to know as a client is exactly how they abide by it. Make sure to ask your accountant how this applies to the work they are doing for you. 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 GAAP, Click here.

You can also find us through our supportive affiliate partners:

How To Choose the Right Accountant

May 20, 2022/0 Comments/in Blog/by Shirin

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 a high-quality accountant, here we will explore 3 of the most important ones.

Choose A Chartered Professional Accountant

A chartered professional accountant must abide by an internationally accepted designation which serves as the highest standard by which accountants are measured. Accountants in Vancouver can vary in specifications so it is always better to find someone who is a CPA. When you deal with a chartered professional accountant, you can be sure that you are dealing with the highest standard of accounting. This is very important when dealing with taxation and aiming to avoid problems with the CRA. It is always best to err on the side of caution and go with those who hold themselves to the highest of standards.

Choose An Accountant with Relevant Experience

Finding an accountant whom not only has experience but relevant experience is extremely important. There is a plethora of subdisciplines when it comes to accounting. From government accounting to corporate and tax accounting, there are numerous fields which an accountant can specialize in. Look for an accountant who has experience in the field that is most relevant with what it is you are trying to get done. If you require an accountant for your business, a corporate or business accountant would most likely be your best bet. If you are behind on your taxes, a tax or financial accountant may be your best choice. Do your research and ensure that the CPA you are dealing with has the relevant experience so that you can be sure to trust their expertise.

Choose An Accountant with Solid References

This last one may require the most due diligence. Ensuring that your accountant has done good work for others will speak louder than anything else. Studies have shown that most business accountants receive clients through references above anything else. Ask the accountant for references and cross check their previous work. The last thing you want is to work with someone who has a reputation for unethical or illegal behavior. Not only because it would not benefit you but in many cases can make you liable. Speak to people about the accountants you have been referred to and ensure that you are dealing with a competent and diligent professional

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 our supportive affiliate partners:

Tax Avoidance Vs Tax Evasion

May 17, 2022/0 Comments/in Blog/by Shirin

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 tax credits, tax deductions, income exclusion & a variety of loopholes.

These legal tax reduction techniques are designed to incentivize certain behaviors such as saving up for retirement or buying a home. While it may seem that it should be frowned upon, governments establish these provisions for the ultimate betterment of society.

On the other hand, tax evasion is the nefarious action of purposely misstating income or inappropriately allocating funds to avoid paying taxes which one is obliged to pay. Tax evasion is ILLEGAL, and anyone engaging in tax evasion will face stern prison time. Examples of tax evasion include but are not limited to:

– Under-reporting or failing to report income.

– Under-reporting or failing to report income from a specific source such as cash transactions or foreign earned income.

– Overstating deductions.

– Using fake identification to establish businesses and commit GST/HST fraud.

The difference between tax avoidance and tax evasion ultimately comes down to the intent of the tax payer. In the case of tax evasion, the tax payer must have clear intent to avoid paying taxes that are known to be owed. Also, it must be clear that the income under scrutiny would clearly be subject to tax. Its fine details like this where an experienced accountant is invaluable. 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.

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 our supportive affiliate partners: