Why John K. Jang CPA?
- Access to specialized expertise for complex financial situations
- Tailored solutions for unique business and personal needs
- Proactive planning to optimize financial outcomes
Specialized Financial Services
Beyond our core services, we provide specialized financial solutions tailored to specific situations and needs that businesses and individuals may encounter.
Specialized Tax Services
Voluntary Disclosure filings
The Voluntary Disclosures Program (VDP) allows taxpayers to come forward and correct inaccurate or incomplete information or to disclose information they have not reported during previous dealings with the CRA, without penalty or prosecution.
SR&ED filings
The Scientific Research & Experimental Development (SR&ED) program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors to conduct research and development (R&D) in Canada.
Estate and Trust tax preparation
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for a surviving spouse, and can minimize the tax due on the transfer of your business and personal assets. We are able to assist with filing Estate tax returns as well as other aspects of winding up an estate. We can also assist in creating and filing Trust returns.
Assistance with CRA tax audits
If the tax authorities query certain aspects of your return or decide to audit you, we will represent you in resolving the issues.
We can provide assistance navigating the requests during the audit procedure.
Business Advisory Services
Management Advisory Services
Many of our clients are owner-managed businesses. We often work with them to develop longer-term goals and specific strategies to facilitate the future growth and success of their business. As well, they often rely on us as their “go to” business advisors when confronted with situations they are not accustomed to dealing with daily.
Even if the situation is not within one of our areas of expertise, we have an extensive network of contacts in other disciplines we can engage for assistance.
Financial Forecasts & Projections
Business plans or budgets, are most often prepared by businesses looking to obtain financing, perhaps related to a business start-up or to finance growing operations or a corporate acquisition.
Purchase and Sale of a Business
Preparation and planning are key to the successful purchase or sale of a business. We assist clients with all aspects of the transaction, including valuation, cash flow analysis, negotiation strategies, tax minimization and transition planning.
Business Succession Planning
Effective transition of your business to successors is critical to its continued prosperity (and probably to your comfortable retirement). This can be a particularly delicate situation for a family business.
We can provide valuable advice for business succession planning for individuals, and tax optimization for small business owners.
Part-time Controller Services
Controller services can be customized upon the management needs.
- New business start-ups
- Assistance during peak periods and for year-ends
- Leaves of absence
- Internal audit support
- Internal control systems implementation
- Provide analytical financial management reports including cash follow analysis and actual versus budget analysis
- Assist in year end working papers for external audit
- Prepare presentations for shareholders, management, and company-wide meetings
- Take special projects upon your request