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WORKING AND GROWING TOGETHER

About Mark Tang, CPA, CA

Mark has over 10 years of experience helping entrepreneurs start, grow, transition and sell their businesses. He can provide insight and guidance to owners and their companies in organizing their affairs in a tax-efficient manner throughout the business’ life cycle.

From his first four years at a local accounting firm to the last six years focused on both personal and corporate income taxes at a “Big Four” national firm, Mark has been part of a dedicated team providing tax, advisory and accounting services to private owner-managed businesses and their families and is committed to providing exemplary service to his clients.

In addition to working primarily with private for-profit entities, Mark has also devoted a significant amount of time in the non-profit sector. His work included the review of both existing and proposed activities for non-profit organizations and registered charities in order to identify and mitigate risks to the organization’s tax exempt status. Mark also has extensive experience reviewing tax filings to ensure compliance with income tax legislation.

TAX

Income Tax Compliance

  • Preparation of corporate, personal, trust and partnership income tax returns
  • Review corporate and personal tax transactions to minimize tax liability and ensure compliance with income tax legislation
  • Diagnostic of past income tax filings to identify tax savings opportunities and mitigate against potential tax exposures

Non-Profit Organizations (NPOs) and Charities

  • Preparation of corporate, personal, trust and partnership income tax returns
  • Review corporate and personal tax transactions to minimize tax liability and ensure compliance with income tax legislation
  • Diagnostic of past income tax filings to identify tax savings opportunities and mitigate against potential tax exposures

Tax Controversy and Disputes

  • Manage Canada Revenue Agency audits and inquiries and provide a strategic plan to resolve disputes
  • Calculate exposures relating to potentially late or omitted tax filings and recommend solutions to mitigate existing tax liabilities

ACCOUNTING

Financial Reporting

  • Compilation of financial statements for corporate filings
  • Assistance with financial reporting for sole proprietor businesses and rental income
  • Cash flow and budget forecasts and analysis

Bookkeeping

  • Bank reconciliation
  • Accounts receivable/payable
  • Payroll
  • Inventory
  • General ledger and journals
  • Month-end closings

Payroll and GST/HST Filings

  • Calculation of required payroll remittances and preparation of payroll filings
  • Preparation of GST/HST filings
  • Reconciliation of payroll and GST/HST accounts for year end filings

ADVISORY

Estate Planning

  • Preparation and implementation of tax and estate plans to minimize tax on death and to ensure that the estate’s financial affairs are consistent with the taxpayer’s objectives
  • Provide post-mortem tax planning strategies to minimize the estate’s overall tax liability and avoid circumstances of double-taxation

Purchase/Sale of a Business

  • Modelling and analysis to illustrate after-tax distribution on sale of business to assist with price negotiations
  • Due diligence assistance relating to income tax matters
  • Analyze and recommend pre-purchase or pre-sale tax advantageous structures based on financial objectives of the purchaser or seller

Transition Planning and Executive Compensation Plans

  • Assistance relating to the transition of a business to the next generation by providing steps to transfer business in a tax-efficient manner
  • Provide recommendations on executive compensation strategies to help retain key employees using equity-based incentives

GET IN TOUCH

Please feel free to get in touch to discuss how we can work together to make your business better.

Address

7699 Yonge Street
Thornhill, ON L3T 1Z5

Phone

647-282-4933

Email

info@marktang.ca

© 2017 Mark Tang, All rights reserved