Taxation
Tax Preparation & Planning Experts
Understanding the complexity of the Canadian and US tax systems can be overwhelming. We know that it’s hard to keep up with changing tax legislation for personal and corporate taxation. In addition, you need efficient and effective tax solutions and strategic planning to ensure the best financial outcome.
You won’t just hear from us at tax time – we are here for you year-round to help you plan ahead and make sure that you are getting the incentives and benefits that you deserve. In fact, our full-time Tax Partner, R. Duncan MacPherson, with over 20 years focus on the advanced tax advisory services, together with our highly knowledgeable accounting and audit Partners, help you navigate through the complicated world of taxes and advise you on your best course of action.
Audit & Assurance
Licensed by CPA Ontario
With a constantly evolving market, both management and the board need assurance on the reliability of their financial information, which is fundamental in establishing the confidence of various stakeholders. That’s where Tang & Partners LLP comes in—obtaining that assurance requires a firm that can achieve the highest levels of quality and insight in the audit while providing an enlightened perspective on your business.
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The objective of a financial audit performed by Tang & Partners LLP goes beyond the review of financial statements. Our audit opinion keeps the Board of Directors, management, shareholders and stakeholders informed of the company’s equity and financial position, as well as its operations and organizational structure for better control and safekeeping of assets. As part of our services, we continuously communicate with upper management to timely identify matters that might affect the company’s financial position or control over its operations.
Financial Statements
Expert Financial Advice
Financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) provide a standardized, transparent view of a company's financial health.
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Understanding GAAP preparation requires adherence to strict conventions such as the matching principle (recording expenses in the same period as the related revenues) and revenue recognition rules.
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Tang & Partners LLP, with CPA Partners having over 100 years cumulative years of experience in preparation of Financial Statements for the following reports:
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-Audit Report
-Review Report
-Compiliation Report
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Mergers & Acquisitions
Growth & Wealth Building
Deep corporate accounting expertise and complex investment valuation skills
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Identify regulatory risks or tax loopholes, then apply CFA principles to project future valuations and write institution
Oversee daily accounting and tax compliance while spearheading the firm's long-term investment strategies, capital raising, and mergers and acquisitions
Building comprehensive investment portfolios (CFA) while seamlessly managing their personal and business tax optimization and estate planning
Evaluate targets' financial health during due diligence (CPA) while structuring the financial models to determine the acquisition price and expected returns
About
Meet Thomas Tang, LPA, CPA, CGA, B.Comm.
Thomas graduated from University of Windsor, with majors in Accounting and Business Administration in 1988, and worked as a Teaching Assistant for Dr. McIntosh’s Advanced Accounting in Consolidation. Thomas commenced working in the public accounting immediately in 1989 with Hyde Houghton, CAs, and since then, Thomas has performed thousands of audit, review and compilation to both profit and non-profit organizations.
Thomas has been an active CPA since 1993, and currently licensed as a Licensed Public Accountant, authorized to perform Audit and Review Engagements in the Province of Ontario, and over the last 30 years, Thomas also gained an insight on the Canadian Tax system and its tax reduction vehicles that should and can be legally used by clients, to facilitate clients’ retention of their highest after-tax cash. Thomas is business-savvy, thus fully understand the needs of an Entrepreneur, from proper financing options at different stages, to utilizing the latest technologies, to help clients staying competitive and grow.​
Thomas is a Founding Partner of Tang & Partners LLP, a Public Accounting firm licensed by Chartered Professional Accountants of Ontario. Our firm is known for providing specific and actionable tax planning advice to our clients. We work with small and medium-sized businesses and professionals. We offer a full range of accounting and tax compliance services including preparation of Notice to Reader, Review Engagement and Audited Financial Statements, as well as corporate, personal, trust tax returns and specialized tax returns and elections. We are also experienced in preparing business plans and cash flow projections, business merger and purchase due diligence and tax planning strategies. We provide the strategies to help your business and net worth grow!
Stats & Figures
200+
Clients Served Annually
99%
Accuracy in Tax Filings
33 Years
Expertise in Accounting Services
Industries We Serve
Small Businesses & Franchises
We specialize in providing accounting solutions tailored to the unique needs of small businesses. Our services help small business owners manage their finances effectively and achieve sustainable growth.
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We ensure your business, especially Franchises, complies with complex federal, provincial / state, and local regulations while accurately managing royalty fees, advertising fund contributions, and franchise fees.
Medical Professionals
Practice books, provider profitability, owner comp, and a tax strategy built for high-income physicians and practice owners.
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Startups
Startups face unique financial challenges, and we offer comprehensive accounting support to help them navigate the complexities of financial management. Our services enable startups to focus on growth and innovation while ensuring financial stability.
Client Testimonials
Thomas was referred to me by another accountant who I respect to help us out with our two business’s. Thomas and his team is very professional, reliable and is able to scale his services for both small and larger business’s. His team also has the ability to deal with US taxes and tax laws. I appreciate Thomas’s support and do not hesitate to recommend him to anyone requiring affordable and professional accounting services.
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CEO, CONTEX/LifeVac
Richard Smith
Tang and Partners has been doing our corporate taxes for the last 10 years. We have found his firm to be highly professional, prompt and knowledgeable. Thomas has been personally helping us with our questions throughout process. He is very reachable and willing to help as it may arise. His firm has also provides us with our book-keeping tasks which is very convenient during end of year rush
Mohammad Rezai, Ph.d.
I’ve been using Thomas Tang Professional Corporation as my professional accounting firm for the last 14 years. In this time frame, I have seen my business grow year by year thanks to the service, advice and relationship I have built with Thomas Tang Professional Corporation. I’m looking forward to continued growth and success with their astute guidance and management.
Dr Rui Amorim