Corporate Tax Deadline 2024 in Ontario: A CPA Firm’s Perspective

Ahmad works with companies for taxes and accounting needs.

Corporate Tax Deadline 2024 in Ontario As the looming corporate tax deadline of 2024 approaches in Ontario, businesses across the province feel pressured to ensure compliance with tax regulations while maximizing deductions and minimizing liabilities. AMI CPA Professional Corporation understands the significance of this crucial deadline and the importance of providing comprehensive support to our […]

Answers to Questions on Corporate Taxes

Corporate Tax Questions The following questions are designed to foster a comprehensive understanding and proactive management of corporate taxes, helping business owners in Canada navigate their fiscal responsibilities with greater confidence. What are the Key Deadlines for Corporate Tax Filings in Canada? The key deadline for corporate tax filings in Canada is six months after […]

Navigating Financial Waters: Budgeting and Cash Flow Planning Strategies for Ontario Organizations

Navigating Financial Waters

In today’s ever-changing economic landscape, organizations across Ontario face unique challenges in managing their finances effectively. As accountants specializing in helping businesses thrive, we’ve seen firsthand the impact that strategic budgeting and cash flow planning can have on an organization’s success. This post will explore practical strategies to enhance your financial management practices, ensuring your […]

A Guide to Strategic Tax Planning for Businesses

strategic tax planning for businesses

In the complex financial management landscape, strategic tax planning is crucial in achieving long-term business success. AMI CPA Professional Corporation understands the complexity of tax regulations and their potential impact on your bottom line. This blog will explore the critical tax strategies that propel your business toward financial prosperity. Understanding Your Business Structure: Effective tax […]

Tips to Prepare for Corporate Year End Tax

Preparing for Corporate Year End Tax

When it comes to preparing for the Corporate tax year-end, whether for a small start-up business or a large corporation, each business has its tax filing requirements and tax-saving opportunities. If you own a resident corporation, you must prepare a corporate income tax return (T2). Your first corporate return will require a year-end for your […]

Differences and Benefits of a Salary or Dividends

Do I take a Salary or Dividends?

The decision to take a salary or dividends in a business can have significant financial and tax implications, and it often depends on various factors, including the business’s legal structure, the individual financial situation of the owner(s), and the business’s profitability. Here’s an overview of the key differences and benefits of taking a salary or […]

Why Would you Hire a Bookkeeper for your Business?

Ahmad is meeting with a potential business owner looking for bookkeeping services.

Benefits of Outsourcing Bookkeeping Running a successful business involves juggling multiple responsibilities, from managing operations to ensuring profitability. One crucial aspect that often gets overlooked is bookkeeping. It is essential for all sizes and types of businesses, whether in their first year of business or established for many years, incorporated or not. A.M.I. CPA Professional […]

Tax-Saving Strategies: A Comprehensive Guide for Individuals and Businesses in Canada

We offer tax savings stratgies for personal and corporate business

Tax-Saving Strategies When it comes to managing finances in Canada, one crucial aspect that often leaves individuals and businesses scratching their heads is taxes. While taxes are a necessary part of funding public services, there are numerous legitimate ways to minimize your tax burden, personally and for your business. In this blog, we’ll explore some […]

Business Process Review with A.M.I. CPA Professional Corporation

Discussing the Business Process review

Business Process Review A Business Process Review in accounting is a comprehensive analysis and evaluation of a company’s financial and operational processes to ensure these are optimum, comply with regulatory requirements, and are long-term sustainable. It is typically carried out by experienced accounting professionals or consultants with expertise in financial management and process improvement. It […]

Tax Saving Strategy – Pension Income Splitting

Tax Savings Strategy - Pension Income Splitting

An income tax saving strategy that is not often discernable either from the annual income tax guide or tax return form. It is called pension income splitting. Many taxpayers who could benefit aren’t familiar with pension splitting if they are not getting professional tax planning or tax return preparation advice. Pension Income Splitting is a […]