Eugeniu Braila CPA

At Eugeniu Braila CPA, which trades as EBCPA Inc. in Canada, accounts preparation sits at the centre of the work. The practice says it can produce accounts promptly, and it uses what it learns while preparing them to help a client's business improve and grow. The principal is a CPA and CGA, and the practice presents itself as a team of reliable, approachable accountants who work alongside clients rather than simply responding to requests.

Accounting and payroll services

The practice offers daily, monthly, quarterly and annual accounting, along with full-cycle accounting and compilation engagements. Its financial controller service covers accounting, financial and reporting functions, and a confidential payroll service runs alongside. Fixed monthly fee packages are available for clients who want their accounting and tax needs covered in one arrangement, with the firm working out a solution that suits each client's situation.

Corporate and personal tax work

The practice prepares corporate and personal tax returns. Its explanatory notes cover the tax treatment of business purchases, including capital cost allowance, which the firm describes as tax depreciation. Self-employed people and incorporated owners are covered by notes on how their status affects their tax position, and the practice also explains loans a business owes its owners, investment income and losses, and the attribution rules that can apply to income shared with a spouse.

Credits, grants and benefits

The notes also cover federal credits and grants that clients often miss. These include the Canada Education Savings Grant, which adds to savings in a registered education plan, the tax credits available to people over 65, the first-time home buyers' credit, and medical, donation and other credits. Other topics include child care expenses, employee stock option benefits, RRSP contributions and their effect on payroll deductions, and vehicle expenses for people who use a car for work.

Practical guidance for owners

The published notes are written to help owners understand how a rule applies to them, rather than to replace a conversation with an accountant. The practice presents them as a way for owners to plan ahead, so that questions about a loan, a grant or a deduction can be raised before a year end rather than after it.