Compliance
Adherence to US and Canadian Accounting Standards and Regulations
GAAP & IFRS Compliance
- GAAP & IFRS Compliance: Provide detailed financial reporting in compliance with US GAAP and Canadian IFRS standards.
- Accurate Financial Reporting: Ensure all reports align with Generally Accepted Accounting Principles (GAAP) in the US and International Financial Reporting Standards (IFRS) in Canada.
- Seamless Transitions: Facilitate smooth transitions between GAAP and IFRS for multinational companies operating across borders.
Tax & Payroll Compliance
- Prepare and file accurate federal, state and local tax returns in US and federal and provincial returns in Canada.
- Ensure compliance with HST, GST and PST in Canada and state level tax in the US.
- Manage payroll tax requirements for US and Canadian employees including Social Security, Medicare, CPP, EI and other deductions.
Financial Statement Preparation
- Prepare and review financial reports in accordance with regulatory standards.
- Prepare and manage audit ready documentation meeting compliance requirements.
- Support for both internal and external audits.
Sales Tax Compliance
- Manage Sales tax collection requirements, remittance and reporting.
- Ensure compliance with jurisdictional differences in tax returns and rules.
Cross-Border Compliance & Audit Support
- Assist business operations in both US and Canada with cross-border compliance issues including transfer pricing and dual taxations.
- Navigate the complexities of NAFTA/USMCA regulations for businesses engaged in cross-border trade.
- Provide support during tax audits by IRS, CRA or state/provincial authorities.
- Represent your business during audits with proper documentation and address any compliance concerns.
