Frequently asked questions
Browse common questions about accounting services, payroll, Canadian tax compliance, financial advisory and SR&ED.
General & Getting Started
What services does Sam Beigi CPA offer?
We provide bookkeeping, catch-up bookkeeping, tax compliance and advisory, payroll management, HR management support, fractional CFO advisory, and SR&ED tax credit support.
Where is your office located?
Our office address is 5000 Yonge Street, Suite 1901, Toronto, Ontario M2N 7E9.
How can I request a consultation?
Use the contact form, call 416-549-4900, or email Info@sambeigicpa.com. We will discuss your needs and the possible scope of an engagement.
Can a business engage you for one service?
Yes. A business can inquire about an individual service or a combination of accounting and advisory needs.
What should I prepare for an initial discussion?
It helps to know your business type, current accounting tools, approximate reporting periods, main questions and any approaching filing deadlines.
Bookkeeping & Reporting
What is included in monthly bookkeeping?
An engagement may include transaction recording, account reconciliations, accounts payable and receivable monitoring, and selected financial reporting depending on the agreed scope.
Can you help catch up on overdue books?
Yes. We begin with the periods involved, transaction volumes, available source records and outstanding reconciliations.
How often should bank accounts be reconciled?
Monthly reconciliation is common for business records, although frequency can vary with transaction volume and reporting needs.
Do I need to change bookkeeping software?
Not necessarily. We review the current tools and discuss whether your processes are appropriate for the reporting you need.
Tax, Payroll & HR
Do you assist with corporate income tax returns?
Corporate tax return preparation and related support can be discussed based on the entity, financial records and engagement scope.
Can you help with GST/HST?
Yes, we can discuss reporting records, reconciliation and GST/HST preparation support.
What does payroll management involve?
Payroll support can include pay-run processes, payroll deduction accounting, liability reconciliations and year-end reporting records.
Do you provide employment-law advice?
No. Our HR support is administrative and payroll-connected; specialized legal matters should be referred to qualified professionals.
Advisory & SR&ED
What does a fractional CFO do?
A fractional CFO engagement may cover cash-flow forecasting, budgets, variance reviews, KPIs and financial decision support on a selected basis.
What is SR&ED?
SR&ED stands for Scientific Research and Experimental Development. It is a Canadian tax incentive program for certain qualifying scientific or technological work.
Is every research or software project eligible for SR&ED?
No. CRA considers criteria such as scientific or technological uncertainty, advancement and systematic investigation or search.
What supporting evidence is useful for SR&ED?
Examples include dated test results, technical design records, lab notes, version history, employee time records and expenditure documents, as relevant to the project.
Are SR&ED credits guaranteed?
No. Eligibility, expenditures and any credits or refunds are fact-dependent and subject to CRA requirements and review.
These answers are general information and do not replace advice for your individual circumstances.
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