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Our Services

Our Practice Areas

As a trusted business advisor, BANA Professional Corporation can provide you and your business with services over and above traditional accounting and tax filing services.

 

Our Expertise

Hassan Ali Bana, CPA, CGA is the principal practitioner at the BANA Professional Corporation and has over 20 years of experience in accounting, taxation, and system implementation. He deals with individuals, businesses and not-for-profit organizations in a range of industries including

  • Automotive

  • Construction / Contractors

  • CryptoCurrency

  • Education

  • Engineering

  • Financial Services

  • Government

  • Healthcare

  • Hotel / Leisure / Hospitality

  • Import / Export

  • IT / Telecommunications / Media

  • Manufacturing

  • Not-for-Profit

  • Professional Services

  • Retail

  • Real Estate

  • Supply Chain / Distribution

Get your Compilation Engagement Reports per new Canadian Standard

Young Accountant

Accounting and Compilation

We have implemented the new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements, issued by the Auditing and Assurance Standard Board (AASB) for the compiled financial information for periods ending on or after December 14, 2021.

 

The implementation of new standards changes the performance requirements for compilation engagements. These changes address scope, engagement acceptance and continuance, description of the basis of accounting, performing the engagement or 'work effort', and documentation and reporting.

Comply with your Responsibilities in Timely Manner

We are here to help you comply with the tax regulations while getting the most out of your tax return.

 

Our areas of expertise:

  •  Personal taxes include tax computations on income from various sources 

  • Corporate taxes include tax implications of different types of corporations i.e. Canadian Controlled Private Corporation (CCPC), Resident and Non-Resident Corporations, Associate and related entities, and Shareholder taxation

  • Estates and trusts

  • Partnerships

Making Notes

Tax Advisory and Filing of Tax Returns

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Software Expertise

  • QuickBooks - Online
    and Desktop

  • SAP

  • PeopleSoft

Bookkeeping and System Designing

Get your Accounting done and meet your Management and Regulatory needs

Hassan Bana is a QuickBooks Online® Advanced Certified ProAdvisor. Additionally, he is been a “power user” and ‘implementation lead’ of various ERP (enterprise resource planning) systems.

 

BANA analyzes your business needs and designs a system that meets your management and regulatory requirements. They configure and implement systems that manage and integrate a company's financials, supply chain, operations, commerce, reporting, manufacturing, and human resource activities.

 

Maintaining accounting records that provide information for multiple locations, projects, classes, products, and services at a glance is not a problem for BANA.

 

BANA makes client's life easy in the event of Audits and Reviews and is available to support you in this service.


Our bookkeeping services include (but are not limited to):

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  • Revenue capturing, customer invoicing, and reconciliation of customer accounts and receivables

  • Expense capturing and reconciliation of vendor accounts and payables

  • Bank reconciliations and management reporting

  • Payroll processing and filing of payroll returns and slips

  • Harmonized Sales Tax (HST) calculation and filing of related returns

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