Our Comprehensive Services
At Desai and Associates, we provide a full suite of professional accounting, tax, and business advisory services tailored to meet the diverse needs of our clients across various industries. Our experienced team is committed to delivering expert solutions and personalized attention to help you achieve your financial goals.
Accounting
We provide professional accounting services to a broad range of clients in various industries.
We specialize in the following:
Our professionals work closely with clients to ensure that company reporting and compliance requirements are satisfied. We compile accurate and reliable financial results which are reflected in concise and transparent financial statements.
Personal and Corporate Tax
With the complexity of tax rules in Canada and constantly changing interpretations and regulations, it is critical to get competent and straight forward tax advice. Our tax professionals have considerable expertise in both personal and corporate tax. We strive to minimize the tax burden on each individual taxpayer and corporation. Using our experience and knowledge, we develop specific plans to suit a client’s particular needs and tailor strategies to most efficiently minimize and defer tax in consideration of the taxpayer’s unique personal and family situation.
Financial Advisory
Many business owners lack the time and/or experience to effectively deal with all financial and planning matters in regards to their business. From operational and financial management to strategic business planning and development, our team of professionals provide solutions to all facets of a client’s business, including providing controllership services. Our goal is to help clients increase the effectiveness and efficiency of their company in order to provide them with the foundation and structure needed to make better business decisions.
Succession and Estate Planning
In light of the current economic backdrop, it is now more important than ever to maximize family wealth through effective succession and estate planning. The transfer of assets to the subsequent generation can have significant tax implications. Our professionals work hand-in-hand with clients and family members to develop a strategic financial plan with the goal of preserving wealth and estate value on a tax efficient basis.
Bookkeeping
A number of companies lack the proper accounting expertise, software, and personnel to keep formal books and accounting records. Such quality of record keeping is expected by the CRA and company accounts need to be maintained in accordance with accounting standards. Our experienced bookkeepers process and summarize clients’ financial documents such as bank statements and generate complete and concise accounting ledgers and records.
Accounting System Setup
A properly functioning accounting system enables a company to efficiently process financial information and produce accurate and timely reports for the use of the owner/manager. While the chosen accounting software provides the tools to operate the business and make informed decisions, the initial setup and installation of the system must be done correctly in order for future information to be accurate. Which accounting method should be used? What chart of accounts is needed for the business? How should beginning balances be handled? Our experts are there to provide answers to these types of questions and help clients every step of the way in the adoption of their accounting system.