Professional Financial Planner New Westminster

 

Sabeeh Naseer, Chartered Professional Accountant offers Accounting, Business Advisory Services to clients across Lower Mainland including New Westminster, Vancouver.( Chartered Professional Accountant New Westminster

Sabeeh Naseer, Chartered Professional Accountant in New Westminster provides a wide range of Assurance and Accounting Services across Lower Mainland and Fraser Valley.

Sabeeh Naseer, Chartered Professional Accountant offers Personal Tax Planning and Preparation Services. We serve clients across Fraser Valley including New Westminster.(

Sabeeh Naseer, CPA, CGA, BBA is the founder of the firm. He has extensive experience in the field of accounting allowing him to provide exceptional service for the firm’s clients.He launched the firm to provide clients with personalized solutions designed to help meet their financial goals.With years of expertise in various industries, roles and organizations, Sabeeh uses his understanding and knowledge to bring you the best results. Corporation Tax Return New Westminster

Did you know that the Canadian government offers many beneficial programs to organizations or individuals who conduct research and development activities in Canada? The purpose of these programs is to encourage people and businesses to innovate and create new products that benefit society. The SR&ED tax credit is one business assistance program administered by federal and provincial governments to encourage and support organizations to undertake research and development (R&D) activities that they may not be willing or able to attempt otherwise. To help make your life easier, Sabeeh Naseer, a leading chartered professional accountant, wants to help you learn more about how you can claim SR&ED tax incentives to help your business grow.  Financial Statement New Westminster

SR&ED refers to the Canadian government’s “Scientific Research and Experimental Development” program. This program rewards individuals and businesses of all sizes for conducting research and development activities in Canada. Many companies fail to make an SR&ED claim because they believe that the program is restricted to bigger and high-tech companies. In reality, any company might have its hands in SR&ED activities at any given time. If you or your employees are engaged in solving scientific or technological problems for which a solution is not obvious and easily available, there is a high chance that the work being conducted is fully or partially eligible for SR&ED credits. If you have developed a new product or improved an existing product, you might qualify as well! Online Accounting Services

If you are still unsure about your qualification for the SR&ED credits, ask yourself these questions:

1. Does your project have technological uncertainties?

2. Does your project offer technological advancements?

3. Does your research result in scientific or technical content?

If you answer “yes” to any of these questions, you could be eligible for SR&ED credits. It is important to keep in mind that SR&ED credits are always a percentage of the amount spent on R&D activities conducted in Canada. Therefore, if you or your business does not spend much money on it, it won’t be eligible for much in credit form.  Personal Tax Return New Westminster

SR&ED credits are paid depending on the type of profitability of the individual or business applying for the credits. In some cases, the credits are refundable. The government basically issues a cheque for the credit after deducting any taxes due. In other cases, the credits are non-refundable. This means the credits can only be used to reduce past or future tax liabilities. Depending on the type of business you have, the means of receiving payment will differ.

The SR&ED program includes a rigorous regulatory regime which means you need to focus on thorough eligibility assessments and substantiation of claims.  Professional Financial Advisor New Westminster

As a leading chartered professional accountant, Sabeeh Naseer aims to help you secure the benefits from government incentives you are entitled to. If you are interested in securing the SR&ED program, give me a call at (604) 773-0910 or email me at info@naseercpa.com so that I can guide you accordingly.

I am a chartered professional accountant serving clients across ower Mainland and Fraser Valley, including New Westminster, Surrey, Vancouver, Burnaby, Langley, Delta, Richmond, and Coquitlam. With extensive experience in the field of accounting, I can provide you with exceptional service. With years of expertise in various industries, roles and organizations, I use my understanding and knowledge to bring you the best results. For a complete list of my services, please click here. If you have any questions related to accounting and tax preparation, I would love to hear from you. Please contact me here. Professional Financial Planner New Westminster

While the COVID-19 pandemic has hampered the health of many, it has also impacted livelihoods and businesses. If you have faced financial setbacks due to the virus, besides looking after your physical and mental health, you’ll need to pay attention to your financial standing as well. Accordingly, your next step is to determine the best way to maintain steady cash flow so that you can obtain the necessities you need to survive.

If you’re struggling to maintain financial stability, chartered professional accountant, Sabeeh Naseer, has listed five tips to help you out during these troubling times. Keep reading to know what they are and how you can take advantage of them.

1. Replenish lost income

To cope with the financial challenges induced by COVID-19, you’ll need to focus on making up for all the income you’ve lost during the period of inactivity. Some means of generating money include applying for government assistance, i.e., CERB, CEWS, or looking at secondary employment in essential services.

2. File your taxes

If you plan on obtaining financial aid from government programs, you may need to file your prior year taxes. This is to verify whether you actually require the funds being handed out by the government.

3. Speak with your bank, creditors, and others

Get in touch with your landlord, car insurance provider, lenders, and other creditors to negotiate reduced or deferred payment or get a reduction in interest rate. You especially need to do this if you’ve lost your job or have faced pay cuts.

4. Analyze your expenses

If your inflow of revenue is reduced or stopped, you need to look at areas where you can cut-back spending to save money for necessities. Some of the expenses you can cut are memberships, car insurance, and other similar expenses.

5. Manage your savings

In case you still have a job, make sure to plan your savings. You can do this by monitoring expenses and shopping only when required. Set saving goals and towards them to ensure you have enough in the event of emergencies.

For more tips on how to manage your money during this pandemic, reach out to chartered professional accountant, Sabeeh Naseer. He is a highly trained professional and has extensive experience in the field of accounting. This enables him to provide exceptional services to clients across Lower Mainland and Fraser Valley, including New Westminster, Surrey, Vancouver, Burnaby, Langley, Delta, Richmond, and Coquitlam. Under his supervision, we get to know the ins and outs of your business and financials to find you the perfect solutions to achieve your goals. Access the web