Accurate, professionally prepared financial statements for small and medium businesses — supporting informed decisions and CRA compliance.
Book a Free Consultation📌 Lenders, investors, and the CRA all require accurate financial statements. Let ANCPA prepare yours to the highest professional standard.
Financial statements are the cornerstone of any business's financial reporting. They provide a clear picture of your business's financial health, are required for tax filing, bank financing, and investor reporting. Asim Nazir CPA Professional Corporation prepares accurate, professional financial statements for businesses across Mississauga, Toronto, Brampton, Oakville, and the GTA.
Shows your business's revenues, expenses, and net profit or loss over a specific period. Essential for understanding business profitability and required for corporate tax filing.
A snapshot of your business's assets, liabilities, and equity at a specific point in time. Required by lenders and investors to assess your business's financial position.
Shows how your business's retained earnings have changed over the period, including net income and dividends paid.
Tracks the flow of cash in and out of your business from operating, investing, and financing activities. Critical for understanding your business's liquidity.
Most small businesses require Notice to Reader (NTR) financial statements — which are compiled by our CPA team based on information you provide, without audit or verification. For businesses requiring a higher level of assurance (for bank financing or investor purposes), we can arrange a Review Engagement.
Sole proprietors report business income on their personal T1 return using Form T2125. While formal financial statements are not required, organized income and expense records are essential for accurate tax filing.
Turnaround time depends on the completeness of your records. With well-organized bookkeeping, we can prepare financial statements within a few days. We will give you a specific timeline when you engage us.
Yes — banks typically require 2-3 years of financial statements for business loan applications. We prepare Notice to Reader financial statements that meet standard bank requirements.
Canadian private businesses can follow Accounting Standards for Private Enterprises (ASPE) or IFRS. Most small businesses use ASPE. We ensure your statements comply with the appropriate standards.
Asim Nazir CPA Professional Corporation offers a full range of accounting and tax services across Mississauga and the GTA.
Contact Asim Nazir CPA Professional Corporation today for a free consultation. We serve Mississauga, Toronto, Brampton, Oakville, Vaughan and the entire GTA.
Book Free Consultation Call 905-699-4750