Meng Chartered Professional Accountants
Value Creation Is Our Business
When we talk to a potential client or prospect, first thing we need to let him/her know is that who we are, how we differentiate us from the rest of the accountants, and what value we can bring to his/her business.
What’s in your mind in terms of searching for an accountant when you landed on this page?
Reasonable price, industrial knowledge, on-time, accessibility, never missing a deadline, understanding of your business, providing profound advices to your business, are all of these a good accountant supposed to do or the qualities a good accountant supposed to have?
The answer must be YES. Then what’s the reality?
We have heard lots of complaints about their accountants which could be the lacking of any quality above; however, the most common one is that accountants are often seen of not providing too much value to their businesses. WHY? It is because traditionally accountants are focusing on what’s happened in the past, and providing needed services based on these past transactions, such as bookkeeping, tax returns, audits etc. to comply with laws and regulations.
We, at Meng Chartered Professional Accountants, go beyond what a good accountant is supposed to do. Not only do we obsess the good qualifies above, but we are also focus on the future-what is going to happen next and how that will impact your business, compliance, growth and ultimately the bottom line: THE MONEY LEFT IN OUR POCKET.
We are accountants towards the FUTURE! We believe by doing that, we are able to provide value-added services – VALUE CREATION IS OUR BUSINESS!
We firmly believe thorough understanding of client’s business and the industry it’s in, including operating software, regulations, operations and procedures, Key Performance Indicators(KPIs) etc., is critical to provide value added services and client’s success.
Fortunately, we have practical working experiences in various industries for the services we are providing, such as controllership/CFO, audits/review, cloud based accounting software (QBO,Xero). The various industries include Oil & Gas, consulting contractors, realtors, real estate leasing, E-commerce(Airbnb/Amazon), Condominium Corporation, Restaurants/Hospitality, retails, mechanical shops, etc.
Just focusing on what’s happened in the past is not a good way to operate a business. Same rules apply to accountants, we always take a proactive approach to avoid a trap in the future and plan ahead.
Many accountants claim themselves the business advisors; however, they are still doing the compliance work which a traditional accountant does. We, at Meng Chartered Professional Accountants, always think outside of box, we pretty much think all the aspects of your businesses other than how to find more customers, which is ideally the only thing our clients focus on. You go there to find your customers; we take care of the rest!
We always put ourselves in client’s shoe and ask ourselves the following questions:
- What should I do if it’s my own business?
- Have I maximized my tax benefits by utilizing the tax strategies of income splitting, tax deferral and deduction of expenses in compliance with the law?
- Have I maximized my tax benefits by utilizing different corporate structures and tax pools?
- Have I considered my loan and equity structure to leverage?
- Has transactions with shareholders been properly structured and counted?
- Timely communications is the key to address issues before they arise. Timely communications is guaranteed at Meng Chartered Professional Accountants. We typically meet our clients three times a year (beginning, in the middle of the year, year-end); however, we are available to answer questions or assist in solving any issues that arise throughout the year.
For any business practice to be successful and be able to grow, you need a very well organized system in order to serve your clients and provide the best services.
We have no exception. We have Sophisticated IT systems to catch the deadlines and timely points, to facilitate our communications with clients as you can see from our website: Client Portals, Get Quote, Information Center etc.
We have also established operating system to make sure information/documents flow though smoothly and work flow through efficiently and effectively.
Multiple levels of reviews and sophisticated checklists implemented by us will ensure our goals to be achieved, which are PERFECT COMPLIANCE, TAX BENEFITS MAXIMIZED, CLIENT’S SATISFACTION GUARANTEED!
Every accountant knows what good qualities a good account is supposed to have, but thinking and acting is two different things and need different mindset. What we wanted clients to know is not what accountants we wanted to become; instead, it is what we have obsessed and implemented to ensure client’s satisfaction is guaranteed. Not only are we creating our culture, we enforce it!
We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success.
We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the assistance you receive comes form years of advanced training, technical experience and financial acumen. Our Continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationship is indicative of our commitment to excellence.
To be the most trusted and respected accounting firm by providing innovative and practical services that contribute to our client’s success in an exceptional team environment, where our firm members grow professional and can be responsible members of our community.
To provide businesses, entrepreneurs and individuals with the highest quality of professional services delivered in a timely, efficient and innovative manner; and to meet our client’s needs through mutual financial success.
- Honesty, integrity and ethics in all we do
- Strive for excellence in the work we perform
- Respect our clients and treat them as we want to be treated
- Provide an enjoyable work environment
- Give back to the communities we serve