When it comes to accounting and similar services, one of the leading firms in Canada is surely BDO, reliable accounting company with a huge number of partners and astonishing results. For almost a century this company is providing various tax and accounting services working with many well known worldwide known companies.
Why Do we Need Chartered Accountant?
In modern world everything is automated, from getting an instant meal to automatic ventilation in your office. Therefore, a logical question may be – why do we need another accountant in the world of sophisticated software solutions and automated taxation platforms? Well, the real truth is that you need a human behind every number in your business books because it is necessary to find specifics in law and taxation. Hiring a professional chartered accountant will save you a lot of time, probably a lot of money, you will be sure that your job is complete. There are many things that taxation software is performing automatically, but unfortunately, such processes may not be a right solution. Taxation is a very delicate process that does not tolerate any mistakes, therefore hiring a professional Chartered Accountant. It is in your best interest to hire a professional accountant for such delicate job, choosing a BDO Chartered Accountant is a wise choice.
How to Become BDO Chartered Accountant?
If you are consider starting a carrier as Chartered Accountant in BDO, there are several important things that you should know. First of all, Canadian accountant’s mast pass UFE exam and be a part of CICA or Canadian Institute of Chartered Accountants. Only with such prerequisites meet, a new accountant will be allowed to work in taxation and financial management. It opens the door to an immense range of thrilling career opportunities within BDO. The detailed process of certification is altered since 2014, so at this moment, it consists of three distinct abbreviations, namely CPA or chartered professional accountant, CGA or certified general accountant and CMA or certified management accountant. In any case, chartered accountant is certificated to work in finances and taxation in the public or private sector.
Benefits of Hiring BDO Chartered Accountant
There are many benefits that you can enjoy if you hire a professional BDO Chartered Accountant. Our employees have all certificated Chartered Accountants with years of practical experience in financing and economy, more than that they are very informed about the local situation, prerequisites, and circumstances when it comes to taxation; such experience will surely be helpful to process your taxation or any financial report in the least period. If you are looking to hire BDO Chartered Accountant for further managing the funds, you can be sure that our employee will apply the best possible strategy and methods in optimizing your current funds while providing you with the best available advice regarding investment and resource optimization. There are many laws that should be consulted in proper taxation process; rest assured that BDO Chartered Accountant is proficient in understanding and following various acts like “The Income Tax Act’ for domestic taxation purposes, or “Foreign Exchange Management Act; for international issues.
The obligation to keep business books in which are recorded income, expenditures and changes in assets and the financial statements, have all corporate entities. Accounting records are to know what are you obligated to whom and what you owe and whether you do business successfully. However, the legal obligation of bookkeeping is prescribed that the state, by examining them, at any time, could know how taxes and other charges bound you and whether you have paid them. Business books are uniform and all of them have to be taken in the same way. Thus, accounting is one of the most important segments of any business.
Regardless of whether you open a new business or you change only accounts for an existing, well- familiarize yourself with the various offers of accounting services. As you probably know, bookkeeping and accounting are crucial things for every company. Whether you open a business, trade or some other form of entrepreneurship, quality, and reliable accountant is one of the most important links in your business network. Chartered accountants are the best choice, because of reliability, professionalism, and experience in the accounting process. Find more about chartered accountants on our website.
So, why are the bookkeeping and accounting such an important item in businesses? The reasons are quite simple. You as an entrepreneur certainly do not have time to follow the constant changes in laws and thoroughly inform how exactly it can affect your business; you do not have time for frequent contacts with the Ministry of Finance, Tax Administration, Commercial Court and various inspections. You, as an entrepreneur only want as efficiently and effectively do your job because you’re the best at it, and there is nothing wrong with that. Of course, you want to save on unnecessary costs, and that the spot where a good bookkeeping can be of great benefit for you. A good bookkeeping service can save you a lot of money per year, more than you spend on bookkeeping and accounting by doing it alone. More importantly, it happens that the entrepreneur of their thinking is doing well, but due to poor bookkeeping at the end of the year finds himself in big trouble, which often can end the closure of the company. Maybe this seems like a drastic and almost impossible, but unfortunately, these things happen more often than you think.
A good accountant is primarily well informed, professional and competent. A good accountant will keep you properly advised and propose you taxation models that are better suited to your specific business activities and make sure that you have the right, and you can influence on. By choosing the right accountant you will not only spare yourself from a headache because of inadequate work and dealing with the financial police, but you will find employees who will most efficiently do the following – your costs will be kept to a minimum and lead to maximum revenue. A good accountant is not the only one who knows the legislation and protocol. A good accountant can recognize business opportunities before you as it is addressed in virtually every move that your company performs. A good accountant knows to find the best ways of supply, the best ways of financing and the fastest ways to collect receivables and to prepare for you the highest quality reports from which, without knowledge of accounting, you can identify potential problems and opportunities for profit.