Pleasure to share with you all. Ms Asifa Baig, President and CEO, GenNext CPA, is selected in the panel of 200 independent and experienced judges to select several winning ideas, at every level of NIB (National Idea Bank). National Idea Bank (NIB) is a collaboration between academia, industry, and government to solicit, foster and recognize innovative ideas that can address the indigenous challenges of Pakistan. The NIB concept was presented by the Honorable President of Pakistan, Dr. Arif Alvi. Subsequently, Honorable Minister for IT and Telecom, Mr. Syed Amin ul Haque took the leadership role in bringing this idea to reality. We, the Team…

What are directors and officers principal duties? a duty of care and a fiduciary duty of loyalty

WHAT IS CORPORATION RESOLUTION AND WHAT ALL TO INCLUDE?

WHAT IS RESOLUTION OF DIRECTORS AND OFFICERS AND WHY A CORPORATION NEEDS TO HAVE CORPORATE RESOLUTIONS?

Selecting the right year-end is important in corporate planning

What is an auditor, financial statements abd what does one mean by amending articles

You may have wondered, what a minute book is and why it is important

If you have already registered a sole proprietorship or general partnership, what next?

HST, Payroll, Import & Export accounts?

How do I set up the tax account(s) and Business Number(BN)?

Creating a Business Name in Ontario for your Corporation

Tips and tricks for brand building

Be it numbered or named corporation, we are a call away

Registering a Corporation in Ontario has never been easier.

Our email newsletter is a one-stop resource for relevant news and content about GenNext Chartered Professional Accountants, an accounting firm in Mississauga, Ontario. 

With tax season kicking off, it is best to start preparing ahead of time so that you can claim all your tax deductions and reduce the risk of an audit. 

If you’re looking for ways to save on taxes and claim credits, DIYing the job may have crossed your mind. Usually, professional tax preparation services cost money, and to save as much as you can, you may want to cut out this expense. However, tax preparation is a complicated job that requires expertise and experience. Without this, you’re bound to face several challenges that can complicate your finances and expose you to an immense amount of stress.

Whether starting a new business venture or managing an existing enterprise, a competent accounting firm’s expertise can help not just in accounting but also in financial planning, taxation planning, business strategy, cash management, and mergers and acquisitions. An experienced accountant can efficiently audit financial information, prepare accounts, generate reports, and create meaningful presentations that help you understand your business’s financial health and where you could improve. 

Running a large company means actively handling financial statements, invoices, and receipts every month. Although it can be an overwhelming task to regularly maintain business records, it is crucial to your company’s finances.

For many individuals and businesses, paying taxes is not their biggest priority as they have other commitments they need to fulfill to stay afloat. However, as taxes are a mandatory requirement, they cannot be ignored. When you earn an income, you must contribute an appropriate portion of the same to the country. If you don’t enjoy the battle of collecting statements, invoices, and receipts every month or are unaware of how to use them to prepare your taxes at the end of the financial year, you’ll need the assistance of a tax professional.