About Us

Joseph Mukkada, a chartered professional accountant based on London, ON, dedicated to fulfilling accounting needs with friendly and reliable service. A Chartered Professional Accountant (CPA) is a trusted designation, nationally governed by the Canadian Institute of Chartered Accountants. This designation creates confidence that your financial needs are cared professionally.

Joseph Mukkada, CPA has been widely known for his approachability and skill, specializing in fields including business taxes, trucking and retail industry accounting, small business advisory, as well as personal income tax.In addition to his accounting designation, Joseph Mukkada is a member of the Canadian Tax Foundation.

Our vision is to continually improve our services in both quality and scope to assist our clients to adapt to the ever-changing environment.

The firm’s mission is to provide excellent client service and high quality professional advice to all of our clients in a prompt timely manner. To achieve this goal, we use our vast experience and technical knowledge and strong understanding of our client needs.

Core values

We believe that the service we provide is of value to the community and society. This is underpinned by the following core values:

• Making sense. Helping people to understand their accounting & taxation through education, assistance and advice.
• Always helping. Understanding people’s needs and helping them work through financial problems and issues.
• Trust and integrity. Being reliable, honest and stimulating confidence.
• Respect and encouragement. Valuing diversity, assisting each other and maintaining a positive outlook at all times.
• Learning. An outgoing search for knowledge and skills enables Joseph Mukkada, CPA to embrace change and continuously improve. This is vital in these times of constant change to regulations & requirements
• Quality. Striving to do better as Joseph Mukkada, CPA benchmarks its performance against their highest standards, not against competitors.

Services

A revolutionary accountancy service for small businesses and contractors

We are a full service cloud accounting firm based in London ON, Canada, primarily focused on XERO Accounting Software. Our aim is to make our client’s accounting information system simple and efficient by delivering cost effective and prompt services. We are Certified Advisors and Partner of XERO.

With our fixed cost accounting packages, you can choose a plan to best suit your needs, with the option to upgrade in future as your business grows. Fixed cost accounting gives you certainty; you can plan your budget, and add extra services as and when you need them.

For monthly services, XERO Accounting Software and receipt bank are provided inclusive of our monthly fee. No need to pay separately. If services are terminated, the subscription is transferred to the client without difficulty.

You can access our professional accountants by phone, email and Skype, when it suits you, all year around, not only at year-end or when there´s room in the diary. No appointment necessary and you don´t have to trek to the office.

Full accounting support, customised to your needs
The solution we offer is ideal for today’s small businesses, whose owners want a quick, efficient and high-quality way to take away the hassle of accounting and tax compliance and give them visibility over their financial position, using modern communication tools.

Accounting

Preparation of financial reports

When we prepare financial statements, our philosophy is to get the basics right first then look beyond the numbers to see where we can improve your tax and internal efficiencies.

If you want your accountant to help you identify how your business is performing, how it performs against industry benchmarks, and where improvements can be made, then speak to Joseph Mukkada, CPA today.

Tax

When you’re looking for an accountant, we understand that you want to engage someone who understands the workings of an increasingly complex tax system. But, you also want someone who is going to make that knowledge make sense to you or your business.

This is what we do at Joseph Mukkada, CPA. We will:

• have up to date tax knowledge that impact your specific business environment;
• prepare the tax returns on time; and
• work with you to improve the management of your tax and accounting obligations.

All in a practical, no fuss way.

Business tax compliance

Fulfilling your businesses compliance needs is something that you have to do and have to do correctly. And, you have to do it every year.

Managing your tax and accounting needs is not just about form filling for the Government. It’s about understanding how you operate, how you need to be operating, and the most efficient and practical way of fulfilling your obligations.

We know where problems can occur and where possible, identify those problem areas for you (and help you with the solutions). We understand that you are busy and need your tax and compliance managed efficiently and effectively.

Individual tax compliance

Who said income tax was easy? If you’re a landlord, business owner, or shareholder, often your personal income tax needs are never that simple.

It’s important to work with advisers who can help you identify the tax impact of the decisions you make and how you can achieve the best possible outcome.

We have a particular emphasis on achieving results for business owners and complex investors who need to manage tax outcomes across multiple layers and entities

GST/HST compliance

When you are involved in complex areas such as property developments and franchisee, it’s essential to have an experienced Accountant behind you.
Joseph Mukkada, CPA understands the GST/HST and the implications of the legislation at a commercial level.

Next steps

Generally, we manage tax and accounting compliance for our clients as part of a broader suite of services. Typically, we would take care of your business tax requirements, financial reporting requirements, as well as your personal needs. This way, we can maintain the consistency of outcomes across multiple entities.

When it comes to tax and accounting, we can manage your full compliance needs in this area or work with your internal accountants to review, reconcile, and submit your financial statements.

Contact us today for a FREE, no obligation appointment to see how we could make your business more profitable.

Advisory services

Great businesses don’t happen by accident.

Grow your business strategically and sustainably with our support.

Businesses without effective strategic planning might be significantly underperforming by utilising the bulk of their resources in areas that fail to produce results, missing opportunities, being exposed to unnecessary risk or simply growing too quickly.

Strategic planning looks at your business as an asset and how the value of that asset can be improved over time so that when you want to or have to sell, you maximise your return.

Our approach is commercially realistic and focussed on creating a viable road map and implementation path to help you attain your goals.

Clients come to us to help them take their next step or assess the viability of their goals; at Joseph Mukkada, CPA, we help you achieve both efficiency by doing things right and effectiveness by doing the right things.

Packages

BASIC PACKAGE

Stay on top of your business accounting, at minimal time and cost, with Monthly XERO basic accounting packages from Joseph Mukkada, CPA.

With a Joseph Mukkada, CPA monthly basic business accounting package, you’ll benefit from the most up to date technology, and the support of professional accountants when you need it.

Get XERO and a basic monthly accounting package from Joseph Mukkada, CPA today, and you’ll find it’s quick, easy and affordable to stay compliant with accounting standards, and get up-to-date financial information to aid decision making. You’ll save time, save money, and like many of our clients, you might even start to enjoy your accounting.

What’s included in your Business Accounting package?

With a monthly Business Accounting package from Joseph Mukkada, CPA, you’ll enjoy the benefits of:

• XERO online accounting software
• Unlimited accounting support from professional accountant
• GST/HST, Annual Financial statements and end-of-year tax returns, completed accurately and on-time
• Monitoring of your taxes, to ensure you’re compliant, but not over-paying
• Annual review meeting

Contact for price!

ENHANCED PACKAGE

Maximize your business returns and free up your time, with a monthly bookkeeping packages from Joseph Mukkada, CPA.

With a monthly bookkeeping package, you’ll benefit from XERO online accounting software to make record-keeping and tax compliance easier than ever. We will take the pressure of day to day obligations from you allowing you to focus on your business.  Our packages are split into 2 components: with or without payroll services

What’s included in your Bookkeeping Basic Package?

With a monthly Bookkeeping Basic Package from Joseph Mukkada, CPA, you’ll enjoy the benefits of:

• XERO online accounting software
• Processing bank and credit card business transactions
• Processing invoices on behalf of the business to clients
• Processing invoices from suppliers and advice you when they fall due for payment
• Reconciling bank accounts monthly
• Payroll services

Contact for price!

VIRTUAL CFO PACKAGE

Improve your performance and profitability! Our Virtual Chief Financial Officer gives you an accountancy service, plus strategic planning and goal setting, implementation of financial systems and controls, monitoring and support plus monthly meetings from as little as $500 per month.

Your Virtual CFO package includes:

Implementation of XERO accounting system: We’ll set your business up on XERO – the easy-to-use accounting system that’s accessible online 24 hours a day. XERO links directly to your bank account, reducing your workload and saving you time and money. There are no additional software or training costs.

GST/HST Returns: Your GST returns will be prepared by professionals, using a system that fully complies with CRA requirements.

End of Year Accounting: Your end-of-year financial statements will be prepared and returns filed accurately and on time.

Tax Forecasting: Forecasting tax enables you to plan and save for it, while minimising interest and penalties on underpaid tax.

Business Analysis: Provides a benchmark from which to measure actual results, and identifies areas for improvement and opportunities for development.

Strategic planning: We work with you to set goals and provide a strategic plan and direction for your business. This includes preparing a financial plan, forecasts and setting KPI’s.

Monthly Reporting: We’ll monitor your performance and provide current data on what is happening financially in your business. Includes profit and loss statements, balance sheets, cash flow and income statements.

Monthly Meeting: Regular meetings with owner and managers to focus on profit and cash flow improvement. This enables your business to take any necessary corrective action sooner rather than later, and have up to date information and reports on which to base decisions.

Unlimited support: You’ll enjoy unlimited telephone and email support.

Contact for price!

Contact us today for a free, no obligation appointment to see how a Virtual CFO could make your business more profitable.