Kelowna's Premier Accounting Partner
We simplify financial decisions to help grow your business and wealth.
Corporate Financial Statement Preparation
& Tax Compliance
At MBA CPA, we understand that managing corporate finances is a complex and time-consuming task. Our team of experienced Kelowna accountants specializes in Corporate Financial Statement Preparation & Tax Compliance, ensuring your business remains compliant, organized, and positioned for growth. Whether you’re a small business owner or managing a larger corporation, our chartered professional accountants deliver accurate financial insights and proactive tax strategies tailored to your needs.
Financial Statement Preparation
Accurate financial statements are essential for making informed business decisions. At MBA CPA, we prepare detailed and timely financial statements that reflect your company’s financial health. Our accountants in Kelowna BC simplify the process and ensure compliance with Canadian accounting standards. We can prepare:
- Notice to Reader Engagements
- Cash Flow Statements and Projections
- Consolidated and Combined Financial Statements
- Budgets and Forecasting
We speak your language—no confusing technical jargon—and ensure you leave every year-end review meeting with a genuine understanding of your financial position. Plus, our team is always accessible throughout the year to answer your questions without additional costs, thanks to our fixed-fee structure.
Review Engagements
Our review engagements provide an appropriate level of assurance for bonding, banking, and stakeholder requirements. Your Kelowna chartered accountants at MBA CPA deliver practical insights and ensure your financial statements meet compliance standards. Our reviews offer clarity, accuracy, and confidence in your financial reporting.
Compilation Engagements
Compilation engagements are designed to present financial information in a clear and standardized format. Whether you’re preparing for internal reviews or external stakeholders, our CPA Kelowna experts deliver compilations aligned with Canadian accounting standards. We aim to help you understand financial data and use it to drive smarter business decisions.
Corporate Tax Compliance
Tax compliance goes beyond filing annual returns—it’s about optimizing your tax position while staying aligned with ever-evolving regulations. At MBA CPA, we take the time to understand your business and structure your taxes effectively. Our Kelowna accountants assist with:
- Preparation of Tax Returns and Installments
- Tax Planning and Structure to Minimize Tax Liabilities
- Advising on Tax Implications of Business Decisions
- CRA Correspondence and Representation
- GST and PST Returns, Withholding Taxes, and Remittances
Every year, we review your tax situation to adapt to changing laws and ensure compliance. With MBA accountants in your corner, you’ll have peace of mind knowing your tax obligations are in expert hands.
Frequently Asked Questions About Financial Statement Preparation & Tax Compliance
Yes, even small businesses benefit from preparing financial statements. They provide valuable insights into financial health and are often required by stakeholders and financial institutions.
Typically, financial statements are prepared in the following order:
- Income Statement
- Statement of Retained Earnings
- Balance Sheet
- Cash Flow Statement
The three key financial statements are the Income Statement, Balance Sheet, and Cash Flow Statement.
Management is primarily responsible, but working with a chartered professional accountant ensures accuracy and compliance.
The Income Statement is generally prepared first, as it calculates the net profit or loss.
Common documents include bank statements, sales records, purchase invoices, payroll records, and tax filings.
Financial statements are typically prepared using accounting software or by a CPA to ensure accuracy.
While not legally required, working with a chartered professional accountant ensures compliance with accounting standards and reduces errors. It also give you time to focus on your area of expertise while we focus on ours!
A CPA is a certified professional with specialized training in accounting, auditing, and taxation, while a financial accountant focuses primarily on financial reporting.
Why Choose MBA CPA for Financial Statement Preparation & Tax Compliance?
- Unlimited access to a team of Kelowna accountants throughout the year
- Transparent, fixed-fee structure with no surprise costs
- Clear, jargon-free communication in every meeting
- Expert advice tailored to your business goals
- Proactive tax strategies for long-term optimization
- Accountants who actually care about your long-term wealth
Partner with MBA CPA’s Kelowna accountants for accurate financial reporting and reliable tax compliance services. Contact us today to schedule a consultation and experience expert financial support tailored to your business needs.
