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New Michigan CPA Firm Focuses on
MICHIGAN ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS | MAY – JUNE 2017
Canada-U.S. Taxation
By Ed Miles, CPA, Managing Partner, MCO
After 15 years serving the cross-border tax needs for clients in Canada and the
U.S. from its location in Windsor, Ontario, MCP Partners has opened a new CPA rm in South eld. “We’ve seen a huge demand from other CPA rms in Michigan, and throughout the United States, to help their clients who have transactions in Canada,” says Ed Miles, CPA, Managing Partner for the South eld rm.
With the ever-increasing trade in goods and services between the two countries, more U.S. CPA’s are discovering their clients have tax issues in Canada. Whether it is sales tax (HST/GST) from selling into Canada, or payroll issues from sending employees into Canada, or transactions with a Canadian subsidiary, there are many areas to be concerned about.
“We found that CPA’s were coming across clients with all these Canadian tax issues, and had no one to help them,” said Ed Miles. Being licensed in the U.S. and Canada gives MCO Partners a unique perspective to work with U.S. CPA’s to keep their clients compliant on both sides of the border. As their clients expand with foreign customers and suppliers, the smaller CPA rms risk losing their best clients to the international accounting rms, unless they can offer the additional services. MCO Partners provides all the Canadian tax services needed, leaving the CPA rm to focus on the clients U.S. tax and accounting needs and building their relationships. That’s a win for everyone.
The partners at MCO are all tax experts with many years of experience. Zen Nimeck, partner in charge of Canadian sales tax, has over 30 years of experience and was with Canada Revenue Agency when the Goods and Services Tax (GST) was rst introduced in 1991. Before joining MCO, he was responsible for the sales tax group of all Southwestern Ontario for one of the major national rms. In recent years, the provincial and federal sales taxes have been harmonized in many, but not all, provinces resulting in increased complexity. “The failure to address Canadian sales taxes before the purchase or sale of goods and services in Canada can be a serious problem,” says Nimek. “With the HST rate in Ontario at 13 percent, you have to get the proper advice before entering into those transactions.”
Ed Miles, MBA, CPA is a licensed CPA in Michigan and Ontario, Canada. Ed has over 25 years of experience, having worked in Toronto and Windsor in various tax positions. Ed is a former chairman of the Windsor-Essex Regional Chamber of Commerce, and former chair of the Chamber’s Finance and Tax Committee. He has written several articles on Canadian taxation, and has consulted with companies throughout Canada and the U.S. on tax matters.
Ed Miles
26211 Central Park Blvd., Suite 604, South eld, MI 48076
Phone: 248-996-8400 www.taxmco.com
CPAs
Canadian and U.S. Tax
Managing Partner
855.594.4273 | MICPA.org 19