Accounting and Bookkeeping

SDG Accountant is your trusted partner to provide your business with digital, virtual and cloud accounting and bookkeeping services. We have a thorough systematic process for onboarding our remote bookkeeping clients and handling their bookkeeping remotely from anywhere in the world. With years of experience working with all industries, we can cater to you no matter what your business line is...

The Prime Minister, Justin Trudeau, announced that the federal government has reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. This program is meant to lower rent costs by 75 percent for small businesses that have been affected by COVID-19...

FBAR stands for Report of Foreign Bank and Financial Accounts. It is a filing requirement for certain U.S. persons that meet two specific criterions. The first one is that they have an interest or authority over a foreign account/(s). The second one is that the account/(s) have an aggregate value of more than $10,000. There is a fairly long list of exceptions that applies to certain situations where FBAR filing is unnecessary...

As one of the most complex tax situations that you could find yourself in, figuring out the way to report earnings as a non-resident alien of the United States can be extremely difficult. Those who fall under this status are people who are not citizens of the U.S. and have not established permanent residence yet. Anyone outside of those two classes, with certain exceptions, will have to file a so-called Form 1040NR...

As with all international holdings, U.S. citizens and permanent residents have to report them to the IRS. For PFIC income, reporting happens through Form 8621. The four-page form is an “informational” return that has six parts. While there are quite a few boxes where dollar figures go, taxpayers also need to make appropriate selections. There is also a highly convoluted set of rules that give rise to excess distributions...

As of 2016, there were roughly nine million Americans living in foreign countries. These were individuals pursuing professional careers or personal objectives in areas far outside the nation’s borders. And while they were separated from many aspects of life in the U.S., they still remained attached through some unavoidable connections. One of those connections is the ever-lasting tax imposed by the government. A common term used to characterize folks who fall in this category is “expats.”

Is your Toronto based business on the brink of financial distress? Are you thinking of officially closing your Toronto business and claiming bankruptcy? Do you owe a lot of debt to your suppliers? Are you in arrears on your tax payments to the Canada Revenue Agency? Is your interest accumulating and compounding without any form of relief? Have your sales drastically decreased, and you simply cannot meet your short-term debt obligations...

When it comes to filing federal taxes, there is pretty much no difference in tax compliance. Even though you may be classified differently for immigration law purposes, US Green Card Holders are considered US tax residents – just like US citizens. So, the rule of US citizens being taxed on their global income applies to Green Card Holders...

SDG Accountant‘s tutorial for clients on sharing their banking information with our firm or their accountant. These methods will allow their accountant to not lose track of any of their shared information that generally is lost in the e-mail or junk mail folders. This ensures that both the client and accountant are aware of any financial information relevant to the company i.e. supporting documents...

Every business needs proper record keeping and accounting because, without proper record keeping, your business will not hit the heights you want to achieve. To make it possible, one must hire the services of reliable and trustworthy small business accounting services in Toronto. It is the best and most appropriate way to benefit your business. When you hire a professional accountant, you will not only save your time but also get rid of a headache...

We will help set up and integrate your software solution to your accounting system to ensure your accounting system is tracking your payroll liabilities and recording your payments to ensure accurate financial reporting...

Are you an American living in Canada who has never filed U.S. tax returns? How about F-bars? You may be in trouble as the IRS may take extreme measures to penalize these taxpayers. Luckily, SDG Accountant specializes in assisting Americans living in Canada in compliance with the IRS...

We have recently experienced an increasing demand with regards to the consultation service on their scenario of shifting from employee to contractor for a higher hourly rate. One of the tough questions for them to answer is whether they should start their business as a sole proprietorship or incorporation...

Small businesses are the lifeblood of the economy and face a multitude of challenges in the line of business. Navigating through the accounting and tax landscape can be difficult and an unnecessary hassle while you are trying to manage your daily business operations and plan out your long-term strategy...

At SDG Accountant our team of experts can tailor an Accounting and Tax approach for Land Developers and Construction Companies’ business needs. Whether your projects last only several weeks, they span over the course of several years, or you have a combination of short-term and long-term projects...

By choosing SDG Accountant for your outsourced CFO & controller services, you are gaining the oversight of an experienced CPA or MBA who can provide you executive-level expertise, advice, strategy and leadership at a fraction of the cost of hiring an in-house CFO at full-time...

SDG Accountant has helped hundreds of businesses over the last six years. As providers of business advisory services in Toronto, SDG Accountant has worked with every type of organization to navigate every scenario you can imagine, from expanding margins to raising revenue or lowering expenses...

Restaurant owners are always stressed by taking care of the customer, promoting the target segment, dealing with the supplier, etc. We are here to share your pressure. The most common inquiries from restaurant clients are bookkeeping services and HST remittance & tax planning...