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Reading Time: 2 minutesMany Canadians who move to the U.S. wonder if they can file a tax return with their spouse. The answer depends on multiple factors, including residency status, tax forms used, and whether the spouse has a U.S. Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN). Let’s break it down.
Reading Time: 2 minuteshen it comes to tax-advantaged retirement savings, the Roth IRA is a popular choice due to its tax-free growth and withdrawals. But what happens if your income is earned outside the United States? Can you still contribute to a Roth IRA? The answer depends on how you report your foreign income to the IRS.
Reading Time: 5 minutesThis business owner is looking for a new CPA and needs help cleaning up their Quickbooks for multiple LLCs. They want to maximize tax returns, and optimize bookkeeping and operations for the next year.
Reading Time: 3 minutesThis business owner is looking for a new CPA and needs help cleaning up their Quickbooks for multiple LLCs. They want to maximize tax returns, and optimize bookkeeping and operations for the next year.
Reading Time: 4 minutesThis individual is a 1099 contractor looking to maximize tax incentives, planning to form an LLC and exploring real estate investments.
Reading Time: 3 minutesA client is pulling in $40K–$100K/month in revenue and wondering—what’s the best tax structure to maximize profits and minimize taxes?
Reading Time: 2 minutesHello, I’m Mohammad Akif from Akif CPA, and I’m thrilled to introduce a new segment we’re starting—Client Stories. In this series, we’ll share real-world issues
Reading Time: < 1 minuteWe have many crypto clients who have been impacted by the California Wild Fires, and are encouraging those who can to donate a portion of
Reading Time: 3 minuteseverything you need to know about claiming travel expenses as a content creator
Reading Time: 4 minutesDiscover trending business tax deductions for 2025, from home office expenses to travel and technology costs. Learn how proper bookkeeping and tax planning can help small businesses save money and maximize deductions.
Reading Time: 3 minutesLearn when you can deduct business clothing for taxes as a content creator, influencer, or online entrepreneur.
Reading Time: 4 minutesLearn essential tax deductions for content creators! Discover how to save money on home office, equipment, travel, and more.
Reading Time: 3 minutesLearn how the IRS evaluates tax deductions for content creators, including influencers, YouTubers, and streamers.
Reading Time: 2 minutesLearn the essential steps for your year-end bookkeeping checklist, including reports, payroll taxes, sales tax, budgeting, and finalizing financials. Maximize tax savings and plan effectively!
Reading Time: 2 minutesMaximizing Business Tax Deductions: A Guide to the Most Common Write-Offs Hello everyone, this is Mohammad Akif with Akif CPA! Today, we’re diving into a
Reading Time: 3 minutesLearn about U.S. tax requirements for Canadian e-commerce sellers, including ECI, PE, tax filing forms, and why U.S. LLCs pose double taxation issues for Canadians.
Reading Time: < 1 minuteLearn about the BOI report, a U.S. federal filing requirement for LLCs, corporations, and other entities. Understand deadlines, penalties, and how to stay compliant starting January 1, 2024.
Reading Time: 5 minutesSomething we get asked a lot is “What are the IRS tax forms that match the Canadian tax forms I’m used to”. To help, we’ve
Reading Time: 4 minutesA note: the FHSA is a relatively new account, and the IRS has yet to review, issue guidance, or challenge in anyway. So Canadians who
Reading Time: 3 minutesEmbarking on a new chapter in the United States brings a plethora of opportunities, but understanding the intricacies of the US tax system can be
Reading Time: 3 minutesT1161 and T1248 are critical forms for filing your final return (Canadian Departure Tax Return) before moving to the US
Our CPAs build an accounting process that is modern, efficient, and has the reporting capabilities you need.
Regular reports ensure you get the oversight you need to be comfortable, without being involved in the day-to-day.
Easily submit any documents remotely through our secure online portal, and we’ll take it from there.
We believe in building strong, long-term client relationships, holding ourselves to a high standard of accountability when it comes to client work, providing excellent communication, and receiving ongoing feedback from our clients.
With unparalleled guidance, cost-saving entity structures, and forecasting built on experience, you’ll get the benefit of CPAs that know the ins and outs of how your industry works.
Get 360° accounting services that offer full support and coverage of every aspect of your business.
We offer everything from granular, data-entry support to high level accounting strategy. Don’t see the service you need listed? Just ask!
Maintain a complete picture of your transaction history and financial health. Our team adheres to strict accounting standards, ensuring accurate and up-to-date books with a financial trail that is straightforward and easy to follow.
Our bookkeeping and accounting reports offer a detailed and accurate look at the complete financial health of your business. From regular reports to real-time insights, our approach to accounting is always data-driven
Unlock the full power of your accounting software with a fully-integrated software setup. Ensure regular and easy instant-generated reports with unquestionable accuracy in every line item
Regular tracking and management combined with inventory audits, evaluations, and reports help you optimize your inventory levels, track performance, and make critical decisions
Get paid on time and stay up to date with vendor payment with invoicing services focused on accuracy, timeliness, and strategy. Our team implements tools and approaches that ensure accounts payable and accounts receivable are in good health
Payroll services from the top down means your business gets the labor reports it needs while your employees and contractors are paid on time. Our team follows regulations and focuses on accuracy, offering well-rounded payroll services to the highest standard.
Get 360° accounting services that offer full support and coverage of every aspect of your business.
We offer everything from granular, data-entry support to high level accounting strategy. Don’t see the service you need listed? Just ask!
For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (250) 661-9417 or [email protected]
