Chartered Accounting Services for Owners, Founders & SMBs.

Tailored Accounting Services For Your Business

Dhanda & Company offers accounting and financial consulting services to a broad range of clients, including SMBs. Our services cover essential aspects like financial assurance, tax planning, and management advisory, which are typically sought after by SMBs. However, we also offer specialized services tailored to the unique needs of individuals and companies looking to expand.

S. Dhanda
Accounting & Assurance

Our Accounting & Assurance services ensure financial accuracy and build stakeholder trust. From small business accounting to in-depth financial statement analysis, we provide comprehensive solutions tailored to your needs.

Tax Planning & Compliance

Navigate the complexities of tax regulations with our Tax Planning & Compliance services. We help our clients optimize their financial positions and ensure compliance with ever-changing tax laws.

Management Advisory

Our Management Advisory services empower our clients with strategic insights for growth and success. From startup consulting to risk management, we offer comprehensive guidance.

Agristability & AgriInvest

Our AgriStability & AgriInvest services cater to the unique financial needs of agricultural businesses. From risk management to financial support, we ensure stability in a valuable industry.

Focused Accounting Services Designed Specifically for SMBs & Business Owners

Scale and Expand Your Operation

Specialized Accounting Services for Businesses & Business Owners

What tax deductions am I eligible for as a small business owner in British Columbia?
As a small business owner in BC, you may be eligible for various tax deductions, including expenses related to operating your business, such as rent, utilities, salaries, and supplies. Additionally, certain business-related expenses, such as advertising and marketing costs, professional fees, and vehicle expenses, may also be deductible. It's essential to keep detailed records and work with a qualified accountant to ensure you claim all eligible deductions while remaining compliant with tax laws.
How can I improve cash flow management for my small business?
Effective cash flow management is essential for the financial health and sustainability of your small business. To improve cash flow, consider strategies such as negotiating better payment terms with vendors, reducing unnecessary expenses, invoicing promptly, offering discounts for early payments, and implementing a rigorous accounts receivable process. Additionally, maintaining a cash reserve and forecasting cash flow regularly can help you anticipate and address potential cash shortages proactively.
What are the tax implications of different business structures in British Columbia?
The choice of business structure, whether sole proprietorship, partnership, or corporation, can have significant tax implications for your business in British Columbia. While sole proprietors and partnerships offer simplicity and pass-through taxation, corporations provide limited liability protection and access to tax planning opportunities such as income splitting and the small business deduction. It's crucial to weigh the pros and cons of each structure and consult with a qualified accountant to determine the most tax-efficient option for your business.
How can I minimize my tax liabilities as a small business owner in BC?
Minimizing tax liabilities requires careful tax planning and leveraging available tax-saving opportunities. Some strategies to consider include maximizing deductions, taking advantage of tax credits and incentives, managing income distribution efficiently, contributing to retirement accounts, and exploring tax-deferred investment options. Working with a knowledgeable accountant who understands BC's tax laws and regulations can help you implement tax-efficient strategies tailored to your business's unique needs and goals.
What are the benefits of working with a CPA firm for my small business's financial needs?
Partnering with a CPA firm offers several benefits for small business owners, including access to expert financial advice and guidance, assistance with tax planning and compliance, accurate financial reporting, and strategic business planning. A CPA firm can help you navigate complex financial matters, minimize risks, and optimize your business's financial performance, allowing you to focus on what you do best – growing your business.