About us
The mission of Luo & Associates is to help businesses meet their financial reporting and tax filing requirements in an efficient manner, and help entrepreneurs derive the most benefit from the Canadian tax system over lifetime, so you can focus on growing business and reaching new heights. Our team brings together excellence and innovative thinking and is committed to improving our professionalism and knowledge in the field of accounting and taxation.
Ardell Luo, the founder, has been practicing independently since 2009, after graduating from U of T Rotman School of Management, articling at Crowe Soberman LLP, one of Canada's top ten accounting firms, and obtaining the Chartered Accountant designation in 2007. She has widely served small and medium-sized enterprises in various industries with her in-depth knowledge and rich experience involving the latest taxation changes. She also emphasizes on cultivating CPA students and improving quality of the team work.
We walk alongside for your accounting and taxation needs on your path to grow
For a typical entrepreneur, during the start-up period, you want to gear 100% of your attention on creating sources of revenue. You have no time to deal with numbers, sort out vendor invoices which are scattered as hard copies, in emails and Google Drive shared folder, and understand what expenses are eligible…not even to say performing proper bookkeeping and on-time tax filings. Soon after, you receive CRA’s letter, demanding you to file corporate tax and HST returns within 30 days, but you desparately find that it will be a few months’ process, with you having to sort out the documents first before handing over to your accountant.
After the company has accumulated significant retained earnings over years, you intend to expand by obtaining external financing, inviting investors, or purchasing or adding new line of business, or you plan to retire by selling the business or having your adult children take over, but you have no clue on how to do it in a tax efficient way.
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Like many other entrepreneurs, you are likely suffering from certain above-mentioned pain or growth pain points during the course of managing your business. Accounting and tax are just a nightmare for you. We could help and offer value-added services, no matter it is to provide accurate bookkeeping, set up and train on an efficient and paperless accounting system, design corporate structure, protect assets in a holding company, bring in children or third parties as new shareholders, purchase or sell business, or implement legitimate tax planning strategies to save tax, so you can rest assured on accounting, one of the most important areas of the operation, and focus on scaling your business and realize your dream.
Who we Serve
We help start-up businesses with clear plan for fast growth, and small to medium-sized businesses with annual revenue of over $800,000.
How we serve
New technologies have switched our way of doing things in accounting. You may communicate with us through emails, phone calls, video meeting, shared portal and online accounting system.
We are QuickBooks Online (QBO)’e Elite Proadvisor. By using QBO, you and we share the same screen when trying to solve an accounting issue, no matter where you and we are. You save time on performing bookkeeping, backing up, transmitting files and data, and making a trip to us for sending hardcopy documents. All the vendor invoices can be attached to the transactions and other documents in a secured shared folder in the QBO.
Through third-party apps, we can help you process your financial documents much more quickly and match vendor invoices with the QBO transactions faster. By building an efficient paperless accounting process, you have created more capacity to scale and grow your business.
Let Us Help You
We help start-up businesses with clear plan for fast growth, and businesses with annual revenue of over $800,000. We are devoted to add value for your business.