Services
Canadian Tax Services - International Tax Services - Other Services

Canadian Tax Services

It is a common goal of taxpayers to want to maximize their after-tax income, while minimizing their tax liability. Our team of experienced tax advisors can be invaluable in helping both individual and corporate clients successfully interpret the complexities of the Income Tax Act to achieve these goals.

Tax Strategies
We can provide clients with customized tax strategies, interpreting the Income Tax Act and assisting in their dealings with Canada Customs and Revenue Agency. MDS Chartered Accountants has state of the art electronic research services to assist in quickly and efficiently obtaining income tax information with which to formulate personal and corporate tax strategies.

Tax Appeals
Clients are provided with a variety of services for Canada Customs and Revenue Agency tax appeals. These services include preparation of case research and position papers, notice of objection filing, and pre-trial negotiations. Appeals often centre around negotiating penalty and interest charges on overdue taxes, assessment amendments and demands to provide certain tax information, which can involve substantial communications between the Minister and appellant (taxpayer). In many instances, where cases are required to go to trial, legal representation can also be secured for the client.

International Tax Services

American Tax Services
A variety of U.S. tax services are available to clients, including preparation of Federal and State personal income tax returns. Our services also include electronic research and interpretation of a number of complex issues affecting U.S. taxation, including treaties, regulations, and legislation specific to jurisdictions in each of the 50 states and the District of Columbia.

Offshore Tax Services
Offshore trust investments, which constitute a legal structure for holding assets, and feature international characteristics, are becoming increasingly popular. They are used in a variety of circumstances, such as when an individual spends part of the year in several countries, purchases property, or invests outside their country of residence. Offshore trusts are sometimes established by families prior to emigration to (or immigration from ) another country or in circumstances where individuals feel assets need to be protected from economic or political unrest in their home country.

Offshore trust services are offered to clients who require assistance in areas such as foreign information gathering and reporting, interpretation of various international income tax treaties, interpretation of foreign tax credit and foreign affiliate issues, and financial planning.

Other Services

Business Start Up
The entrepreneur frequently requires professional assistance with many aspects of the new business during its start up phase. Commencing a new business of any size requires due diligence and strategic planning, including a thorough risk benefit analysis to assess future profitability.

Computerized Bookkeeping
We are able to provide clients with software training to acquire computer skills, that can be used to maintain basic bookkeeping routines on an in-house basis. This is made possible by user-friendly bookkeeping and accounting packages.

We also provide services for clients who are interested in outsourcing non-core functions such as maintaining all aspects of bookkeeping including receivables, payables and collections. This allows owners to redirect their efforts to their prime business function.

Accounting
We understand that the clients financial objectives are of primary importance and we pride ourselves in presenting efficient, timely financial statements prepared on a cost-effective basis.

Auditing
As the operational and financial reporting demands within organizations have become more complex, so too have the audit services provided by professional accountants. Auditors have a responsibility to objectively ensure the accuracy of the financial information presented to third party users, who rely upon this accuracy to make major investment or other decisions about the audited client.

The scope of today's audit services extends far beyond the standard audit engagement offering an opinion on the accuracy of financial statements. It also encompasses review engagements and special reports, which include evaluating the operational procedures followed to produce the financial statements.

Our team of professionals are qualified to meet the changing and complex needs of our clients.

Investigative Accounting and Litigation Support
MDS Chartered Accountants has a working relationship with one of the most prominent international firms specializing in forensic and investigative accounting. Through this working relationship, a number of services are available to global clients.

These services include the following: