Services

We provide a wide range of financial services and business solutions for individuals, professionals, entrepreneurs, and businesses of all kinds.  

We spend the time to understand each client’s unique financial situations and business needs. We tailor our services and solutions based on your requirements. We work with you to grow your business and expand your potential. We discuss with you the pros and cons of different scenarios and alternatives for you to make an informed decision. We balance the risks and rewards, the issues at hand and implications from the big picture, and the short-term impact versus long-term implications. We strive to offer great value and good quality at reasonable, medium-range professional fees that meet or exceed your expectations.

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Accounting

• Preparation of financial statements 
• Accounting and bookkeeping 
• Accounting training and QuickBooks support 

Accounting is one of the building blocks of strong business performance. Being financially literate, and doing regular, diligent bookkeeping just make good business sense. With our help, you can avoid the last-minute rush and meet your reporting and filing deadlines with ease. We can work with you to enhance your understanding of basic accounting practice. You can use these new insights to improve your business operations and expand your business potential.  

We can prepare your financial statements and perform periodic accounting and bookkeeping tasks for your business. We can also train you to use accounting software such as QuickBooks, so that you can perform these tasks yourself. We also offer ongoing QuickBooks training and support. 

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Tax

• Preparation of corporate and personal tax returns  
• Incorporation and corporate registrations  
• Applications for tax credits and government grants 

Paying tax is inescapable, and it’s reasonable to pay our fair share. The government uses our tax dollars to pay for the services and infrastructure that we all use. At Cheng-Chung Yu PC, we provide legitimate tax planning and implementation strategies. We work with you to balance your tax obligations and your audit risks. Our tax services include preparing corporate and personal tax returns and helping businesses incorporate as provincial and federal corporations—completing the necessary paperwork and tax account registrations, and applying for the relevant tax credits and government grants. 

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Financial Planning

• Preparation of personal financial plans
• Preparation of financial budgets and estimates
• Business valuation and succession planning
• Virtual CFO and financial management

Financial planning, whether individually or as a corporation or business, should be an on-going exercise. You need a map in one hand and a compass in the other to understand where you are and figure out where you want to be. Financial planning helps you take control of what lies ahead. We can work with you to prepare your personal financial plans; we can work with you to prepare your business plans—your budgets, your estimates, your business valuation, and your succession planning. We can serve as your virtual CFO (Chief Financial Officer) and look after the financial management of your business—then you can focus on what you do best: run a successful company!  

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Business Advisory

• Preparation of business plans and financing applications
• Financial, tax, and strategic planning
• Management consulting and business advisory

Using our many years of experience, we can help you grow your business and expand your business potential. We want to be your partner in success. When you succeed, we succeed. We take the time to understand your business and your requirements. We will help you strategize for success, however you define it. We tailor our solutions and recommendations to fit your unique circumstances. Our management consulting and business advisory services will make your life easier and help you achieve your goals.