I am an International Tax Accountant located in the Greater Toronto Area (i.e. Mississauga), Ontario, Canada.  I help my clients with tax compliance, foreign reporting, withholding tax and inbound and outbound tax planning.

In fact, many of my clients are Canadian subsidiaries of US or other foreign corporations.

Inbound Tax Compliance

Are you a US based corporation with a subsidiary corporation in Canada?  If yes, then you should consider me for your tax compliance matters, because of my international tax experience.

As an international tax accountant, I have many clients that are Canadian subsidiaries of US and other foreign corporations, who chose me as their tax adviser because they were tired of paying large fees to Deloitte, PWC, KPMG, and E&Y (i.e. the Big 4 accounting firms).

I help my inbound corporate tax clients with:

-          Corporate tax return preparation

-          Canadian foreign reporting requirements (e.g. T106 forms)

-          Tax provision preparation

-          Thin-cap rules

-          Withholding tax

-          Treaty based tax returns

-          Permanent establishment planning - see Permanent Establishment in Canada

Outbound Tax Compliance

Many of my Canadian corporate clients have offices in the United States.   As an International Tax Accountant, I coordinate the filings of my clients’ US tax returns.   In addition to US corporate tax return preparation, I:

1. Advise companies on the most tax efficient way to repatriate profits from the US to Canada (see US companies expanding to Canada – tax implications)
2. Assist with setting up US corporations in low tax jurisdictions (e.g. Delaware, Nevada), in conjunction with US lawyers

Tax Provision Preparation

Tax provision preparation is an important part of my practice.  As audit requirements have become more stringent, controllers are responsible for preparing reasonably accurate tax provisions for the external auditors.

Because of the complexities and timing consuming nature of tax provisions, many controllers have chosen to outsource this task to third party accountants.

I would be pleased to discuss how I can be of assistance in the preparation of your company’s year-end tax provision.

Big 4 Accounting Firms – KPMG, Deloitte, PWC and E&Y

The big four accounting firms, KPMG, Deloitte, PWC and E&Y, charge very high fees in my opinion for international tax services and Canadian tax compliance.  The reason being is they have very large overheads to pay for.

As a small accounting firm, I am able to offer my services at much less than what the big 4 accounting firms charge.  In fact, my clients have experienced a 50% fee reduction in many cases by switching from the Big 4 to me.

In addition to paying reasonable fees, you will actually deal with the same person every year at Madan Chartered Accountant.  Contrast that to the Big 4 accounting firms, where staff turnover is higher and where you are mostly dealing with junior level staff as opposed to a seasoned international tax accountant, such as me.

For further reading on why not to select the Big 4 accounting firms, see Deloitte PWC KPMG EY – Alternative To Big 4 Accounting-Firms

About Allan Madan, International Tax Accountant Toronto Canada

Prior to starting my own firm in January of 2007, Madan Chartered Accountant , I worked with a Big 4 accounting firm as a tax manager in the International Tax Division for approximately 6 years.

Presently, I run a successful accounting firm in the Toronto (Mississauga) region of Canada that focuses primarily on tax compliance and tax planning.  Many of my clients are former clients of the Big 4 accounting firms, for whom I act as their Canadian tax adviser.

For additional information about Allan Madan, please see http://madanca.com

Related Articles

Non Resident Canada Tax Return Preparation – International Tax Accountant Canada

Non Resident Taxes – Selling Real Estate in Canada

Permanent Establishment in Canada

US companies expanding to Canada – tax implications

Doing business in Canada

Tags: tax tips

This entry was posted on Sunday, April 18th, 2010 at 6:27 pm by superAmin and is filed under Tax Tips 2010. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.