Innovation
Doing things differently to maximize your benefit
Integrity
Understanding your needs and charging only for services you truly require.
Individualized Approach
Not being bound by standard templates and instead listening to what you need and making a plan tailored for you.
Our Services
With over 10 years of experience Hussein has experience and expertise in dealing with entrepreneurs, as well as small, medium and large sized businesses. He has been highly referred by clients for his ability to provide optimal personalized service for all of his clients.
Business Consulting
Guidance on starting your business and ensuring its continued success
Family Business Succession Planning
Working to transition your business to the next generation in the most tax-efficient way possible
Taxation
Guiding you through complex rules and regulations to minimize taxes payable
Accounting Services
Meeting your compliance and regulatory needs on an ongoing and annual basis
Estate and Trust Planning
Planning to ensure that your family and loved ones are well taken care of financially in the event of unforeseen circumstances.
Specialized Services for Professionals
Ensuring that you are best able to take advantage of planning and regulatory opportunities specific to professionals
Hussein is able to provide CFO services to businesses requiring advice in the operations of the business and working hand and hand with the accounting team.
Some of these services include:
- Guidance for start-ups and advice for existing businesses on their optimal corporate structure
- Shareholder/partnership agreements
- Financial projections
- Managing business tax accounts
- Accounting
- Interim financial statements
- And much more!
Creating a succession plan is critical for businesses of all sizes and an essential component to your retirement security. Hussein can help you create the optimal succession plan, including guidance in managing your business in your absence as well as transitioning to your preferred successor in the most tax efficient manner.
Tax planning and preparation can be tiring and stressful for many. At Hussein Mohamedali CPA Professional Corporation the goal is to make it as painless as possible for you. We provide you with the best and most affordable tax preparation services based on your individual needs. Hussein is available to answer your questions from the simplest to the most complex.
The tax compliance services that are offered include, but are not limited to:
- Corporate (T2)/Personal Tax Returns (T1)
- Trust Tax Returns (T3)
- Tax Planning
- Payroll tax fillings (T4)
- Dividend tax filings (T5)
Hussein also aims to provide the best personal tax planning strategies for your business designed to minimize your tax liability. Some of the areas the tax planning would cover can include:
- Strategies to reduce the family’s tax burden,
- Specific strategies for corporate and personal tax planning for both small and medium sized businesses
- Discussion on strategies such as creating a family trust, holding company and insurance to potentially minimize tax
Hussein is committed to providing the best personalized accounting services for your business. His customized services for small and medium sized businesses include:
- Notice to readers
- Financial statement preparation
- Training for your accounting staff
- Bookkeeping and payroll services
- QuickBooks accounting help/ bookkeeping assistance
Hussein provides guidance on the preservation, management and distribution of an individual’s assets after death. As well, he assists with the management of the individual’s financial obligations and properties in the event they become incapacitated. He will provide the best plan for your family that will help to preserve the wealth and unity of your family. Hussein will work with advisors, legal and insurance professionals to provide you with the best estate plan.
The estate planning services include:
- Writing a will
- Tax planning required
- Identifying any life insurance needed
- Setting up trusts that are needed
- Establishing charitable bequests
- Creating/updating beneficiaries on plans such as life insurance, RRSPs, TFSAs
- Setting up your corporation: When you should consider incorporation, share structure to ensure that professional rules are met, and compensation planning
- Ongoing support: Performing or reviewing monthly bookkeeping, advising on day to day matters
- Compliance: Completing tax and regulatory filing with an eye towards saving as much tax as possible
- Planning: Regular reviews to ensure that the objectives of the shareholders and their families are met, as well as the expertise required to identify new planning opportunities and legislation and business circumstances change
About Us
Hussein has over 10 years of varied accounting and tax experience. He is best known for challenging norms and coming up with an individualized approach by understanding and listening to his clients. His ability to provide innovative and individualized accounting services with a high degree of integrity has made him a sought after accountant for entrepreneurs and small businesses. He also specializes in working with professionals, including medicine professional corporations and real estate corporations.
Hussein completed the CPAO requirements to become a Chartered Accountant in March 2014. Throughout his experience he has worked with meeting the accounting and tax planning needs of various clients and on making complex tax changes more manageable to understand and implement. His extensive knowledge in planning options (including introducing holding companies, elections to reduce tax on intercompany transactions and other such transactions) allows him to help his clients from various industries achieve their dreams.
As his career progressed, in July of 2018 Hussein completed all 3 parts of the CPA In-Depth Tax Course. He was also able to hone his tax planning skills while working under one of the country’s top tax accountants for small business planning. This experience has proved invaluable in helping Hussein to identify new and innovative ways to address planning needs for this clients.
Outside of work, Hussein is married and has two sons. He enjoys playing and coaching floor hockey. He is also a Canadian political enthusiast and an avid mystery book reader.
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