Business Details
19 Years
experience
Trusted Tax & Accounting Services in Toronto
Since 2007, LP Tax & Accounting Services has been dedicated to providing comprehensive tax solutions for individuals and businesses in Toronto. Our team combines decades of experience with specialized expertise in Canadian personal and corporate taxation, as well as US tax matters for cross-border clients. We pride ourselves on personalized service, ensuring each client's unique needs are met through meticulous attention to detail and proactive tax planning. Our commitment to leveraging the latest technologies enhances our ability to deliver accurate, efficient, and forward-thinking advice.Whether assisting with routine filings, complex audits, or international tax compliance, we prioritize transparency, professionalism, and long-term client relationships. Our founding partners established this practice to bridge their diverse tax backgrounds, creating a firm that addresses the full spectrum of tax challenges faced by modern clients. With the addition of Associate Rajiv Seneviratne, we continue to evolve while maintaining our core values of integrity and client-centric service.
Services
Personal Tax Returns
Bookkeeping
Corporate Returns
Audit Assistance
US Tax Returns
Details
- Year established: 2007
Highlights and features
- We offer 20+ years of experience in Canadian corporate tax compliance.
- Our team specializes in cross-border US tax reporting and compliance.
- We provide personalized CRA audit representation with proven results.
- Our cloud-based accounting systems streamline client collaboration and accuracy.
- Founders established practice to combine niche tax expertise with client-focused service.
Services
Personal Tax Returns
We prepare comprehensive Canadian and US personal tax returns tailored to individual circumstances. Our process ensures all eligible deductions and credits are claimed while maintaining full compliance. Clients receive year-round support to address filing questions or audit concerns.
Corporate Returns
Specialized corporate tax return preparation for Canadian businesses with complex structures. We optimize tax positions while ensuring adherence to CRA regulations. Services include year-round filing support and strategic tax planning consultations.
Audit Assistance
Professional representation during CRA audit processes with detailed response preparation. We advocate for client interests while resolving compliance issues efficiently. Services include post-audit tax planning to prevent future audits.
Bookkeeping
Customized bookkeeping solutions using cloud-based technologies for accurate financial tracking. Services scale with business needs and integrate with tax preparation processes to ensure seamless compliance.
US Tax Returns
Expert preparation of US tax returns (1040/1040NR) and FBAR/FATCA filings for Canadian residents with US tax obligations. We minimize double taxation while ensuring full compliance with US reporting requirements.
People
Lalitha Seneviratne
Founding Partner
20+ years of expertise in Canadian corporate tax and CRA audit resolution. Specializes in strategic tax planning and compliance solutions for businesses and individuals.
Rajiv Seneviratne
Partner
Specializes in cloud-based accounting systems and cross-border tax compliance. Provides technology-driven solutions for Canadian and US personal tax return preparation.
Peter Turschic
Founding Partner (Retired)
Former US tax specialist with decades of experience in cross-border compliance. Retired in 2018 after establishing firm's reputation for comprehensive tax solutions.
Questions
What tax services do you offer for Canadian businesses?
We prepare corporate tax returns, provide audit representation, and offer strategic tax planning for Canadian businesses with complex structures and compliance needs.
Do you handle cross-border US tax filings?
Yes, we specialize in US tax returns (1040/1040NR), FBAR, and FATCA filings for Canadian residents with US tax obligations to prevent double taxation.
How do you assist with CRA audits?
We provide full audit representation, prepare detailed responses, and implement post-audit strategies to resolve issues while protecting client interests.
What bookkeeping solutions are available?
Cloud-based bookkeeping services tailored to business size and complexity, integrating with tax preparation for streamlined financial management and compliance.
Are your accountants available year-round?
Yes, we offer year-round support for tax questions, audit assistance, and compliance consultations beyond standard tax season availability.
