SERVICES
INCOME TAX SERVICES
- Personal T1 Tax Returns
- Corporate T2 Tax Returns
- Trust T3 Tax Returns
COMPILATION ENGAGEMENT
A compilation engagement involves preparing an income statement and balance sheet based on your bookkeeping records, using a simplified basis of accounting rather than Generally Accepted Accounting Principles (GAAP). Examples of basis of accounting for compilations include:
- Cash basis of accounting
- Cash basis of accounting with selected accruals and accounting estimates
- Basis of accounting prescribed by a contract or other agreement established by a creditor or a regulator
REVIEW ENGAGEMENT
A review engagement is a limited assurance service and involves applying analytical procedures on financial statements in accordance with the applicable framework. Bonding companies, banks, and investors often request this type of engagement. While it provides limited assurance, it does not include fraud testing or extensive verification.
OUR PROCESS
1 – CONNECT
First, we need to understand your business to ensure we are a good fit. To do that, you’ll complete a brief questionnaire. Get started.
2 – EVALUATE
Next, we’ll get together and talk about your business and dig into your biggest challenges and what’s giving you the most headaches.
3 – SETUP & EXECUTE
We’ll determine the best ways to help you and setup a solution to streamline your business accounting.
4 – MONITOR
We’ll review your results on a regular basis and make any necessary adjustment
ABOUT YONG CHOI
Yong has worked in public practice for over 25 years, including as a senior manager at local firms in Vancouver. During this time, he has built strong relationships with small business owners in construction, finance, hospitality, retail, real estate, manufacturing and professional services. He has gained hands-on experience with corporate and personal taxes, various levels of assurance, and other services that help business owners manage their finances.
Today, Yong focuses on review and compilation engagements and tax returns for individuals, trusts, and corporations.
Outside of work, Yong enjoys spending time outdoors, meditating, and travelling to experience new cultures. These hobbies bring balance to his life and help him connect with people from diverse backgrounds.