Accounting • Advisory • Consultancy • Taxation

Your Partner in Essential Accounting & Tax Compliance

Accounting, Compliance, & Management

Review, Compilation, Trust Account Examination, Reporting, Bookkeeping and Payroll.

Trust Reporting

From bookkeeping to trust account examination, we ensure the accuracy and compliance of your accounting records.

Healthcare Accounting Management

We are here to manage your accounting, bookkeeping, payroll, handle tax preparation, and provide structured financial reports.

Lawyer Accounting Management

We offer specialized accounting services for lawyers, addressing the routine accounting, bookkeeping and trust account requirements of law firms.

Taxation Services & Filing

Tax filing and planning for both Business and Personal.

Advisory & Consultancy

Providing practical insights and strategic advice, we equip businesses with the knowledge to navigate challenges and drive sustainable growth

Accounting & Reporting

Do you and other stakeholders aim to enhance confidence in the financial and operational health of your business or organization?

We provide accurate, timely, and tailored accounting, reporting and bookkeeping services. Whether you're a business, organization, law firm, healthcare practitioner, or an individual, we ensure your financial records are up-to-date and accurate, offering a solid foundation for your success. By incorporating robust bookkeeping practices, we contribute to supporting the overall financial health of your business.


Review & Compilation

Maintaining the highest standards of financial transparency with our reviews and compilation services, engagements under this category may arise from entities like regulatory bodies, lenders, or investors—stakeholder entities seeking validation of your organization's governance structure or financial reporting. Our detail-oriented approach ensures compliance with industry-specific accounting standards, instilling confidence in your financial statements.

Our services are crafted to uphold your organization's adherence to regulations. We aim to identify avenues for cost reduction or facilitate new growth opportunities while streamlining the financial analysis and reporting procedures.


Law Firm Accounting

Law firms require specialized financial management, and at HJ Wu & Company Inc., we understand the unique challenges. We specialize in providing a suite of accounting and taxation services tailored to the specific needs of lawyers. From fundamental bookkeeping to the preparation of financial statements with varying levels of assurance, our capabilities align with the diverse requirements of our clients. When engaging our services, rest assured that we ensure the security and integrity of client records.

Our law firm services are tailored to ensure accuracy and compliance with industry-specific regulations using the software you use. Trust us to handle your financial records, allowing you to focus on your legal practice.


Healthcare Practitioner Accounting

Our accounting services for healthcare providers ensure they remain compliant, efficient, and informed. By allowing us to handle all financial and accounting responsibilities for healthcare practitioners, we give them the opportunity to focus more on their patients and medical practice, rather than dedicating valuable time to number-crunching. Recognizing the demanding schedules of healthcare professionals, especially amid the shortage of professionals, we prioritize enabling doctors to concentrate on their critical work as primary care providers.

We offer specialized accounting services designed to meet the financial requirements of healthcare practices. Let us handle your financial records and bookkeeping, ensuring precision and compliance with healthcare industry standards.


Trust Accountant's Report

Lawyers have a fiduciary responsibility to their clients, which encompasses funds entrusted to them, including retainers and various financial assets. In the administration of client funds, lawyers are obligated to follow specific accounting practices and principles to ensure responsible and effective handling. We have experience in trust accounting for legal professionals in BC, offering assistance to law firms in enhancing the management of their clients' funds.

Ensuring adherence to the BC Law Society's regulations and maintaining positive relations with your clients are facilitated through trust reporting, reconciliation, and preparation. Trust us to deliver meticulous trust accountant's reports. Our commitment to compliance and transparency guarantees the safeguarding of your financial integrity.


Consulting and Advisory

Improve your strategy with our advisory and consultancy services. Beyond numbers, we provide insights tailored to the unique needs of businesses, organizations, law firms, healthcare practitioners, and individuals. Partner with us to make informed decisions and achieve sustainable success.

Accountants play a pivotal role in enhancing your planning, budgeting, and forecasting procedures. Effective budgeting is a critical element for achieving financial success in any business. Serving as the financial blueprint, a budget enables businesses to skillfully manage monthly, quarterly, and annual cash inflows and outflows.Collaborating closely with you, we strategize and plan your business's financial framework to foster its thriving success.


Payroll

As a business expands, the need for additional employees may lead to heightened payroll administration. Our expertise lies in aiding you to establish the essential controls for a dependable, streamlined, and efficient payroll system. Additionally, our firm is equipped to assist in the development of a comprehensive payroll system and the timely preparation of all necessary payroll tax returns.

We recognize the challenges and effort involved in payroll generation, and we're here to alleviate that stress. Trust us to implement efficient payroll systems, mitigating the risk of penalties. Streamlined and accurate payroll management is crucial. We specialize in tailored payroll solutions, ensuring precision and compliance with industry-specific regulations. Let us simplify your payroll processes, allowing you to focus on what matters most.


Corporate Tax Return

As per the guidelines outlined by the Canada Revenue Agency (CRA), every resident corporation, excluding crown corporations and resident charities, is required to submit a corporate income tax (T2) return annually, regardless of whether there is any tax payable. As your corporate tax accountant in BC, we will ensure that you file your return no later than six months after the end of each tax year.

As the fiscal year concludes, entrust us with your organization's annual tax return filings. Our proactive approach ensures efficient tax management before year-end, encompassing preparation and advice on fundamental tax planning. Count on us for timely and precise corporate tax return services, contributing to your business' financial strategy.


GST and PST

Navigating the realm of tax compliance, we specialize in handling GST and PST setup and returns. GST, or Goods and Services Tax, is a federal levy across the country, complemented by PST, or Provincial Sales Tax, in select provinces. If you haven't yet applied for GST and PST returns, we offer assistance in both application and filing. Rely on us at any business stage for seamless GST and PST return filing, enabling you to concentrate on your business growth.

Our services include registering for GST & PST; calculation and reporting of GST/PST; and GST filings specifically tailored for not-for-profit organizations, and more.


Personal Tax Return

We specialize in assisting individuals with completing their T1 tax returns for a stress-free tax season. We offer proper advice and guidance to help determine the necessary tax slips for your personal tax returns. As your dedicated personal tax accountants, we go beyond the basics, identifying eligible deductions and applying precise tax credits to optimize your tax situation. Trust us for an efficient tax process, ensuring you pay only what's necessary.

Choosing HJ Wu & Company Inc. Chartered Accountant as your personal tax accountant in BC ensures support in identifying the necessary tax slips for the completion of your personal tax return.


CFO and Controller

A versatile and cost-effective solution tailored for businesses & organizations that may not necessitate a full-time CFO or Controller but seek support in managing projects or addressing financial challenges during constraints. Timely financial reporting, analysis and financial strategy to help your business while identifying, assessing, and managing financial risks for the business.

We will handle financial statements and tax preparation, look after all your bookkeeping and payroll, and provide you with these CFO financial management services: Management Accounting, Budgets & Forecasts, and Pre-year-end Tax Planning Review.

EHT, UHT, SVT Filing

The Empty Homes Tax (EHT) is a municipal tax imposed by the City of Vancouver on residential properties in Vancouver classified as Class 1 properties. The Underused Housing Tax (UHT) is imposed on every person who is an owner (other than an excluded owner) of a residential property in Canada on December 31 of a given calendar year. The Speculation and Vacancy Tax (SVT) is a provincial tax imposed by the government of B.C. for all residential properties in many B.C. regions. These are part of a growing trend of jurisdictions in Canada to implement taxes on non-residents and foreign investment in residential property.

We offer assistance to help determine the necessary tax filing submissions.

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FAQs

Frequently Asked Questions

Quick answers about HJ Wu & Company Inc. and how the firm can help.

HJ Wu & Company Inc. (CPA) is a Chartered Professional Accountant firm in downtown Vancouver, led by owner Amy Wu. With 24 years of experience, the firm looks after accounting, tax, trust reporting and advisory work for healthcare practitioners, law firms, businesses, not-for-profits, strata corporations and individuals. Plenty of clients have stayed for nine years or more, which says a lot. Curious if it's a fit? Call 604-636-1862 or email inquiry@hjwucpa.com.

HJ Wu & Company Inc. is at 512 - 938 Howe Street, Vancouver, BC V6Z 1N9, in the heart of downtown. The easiest way to reach the firm is by phone at 604-636-1862 or email at inquiry@hjwucpa.com. There's also a contact form at www.hjwucpa.com. Reach out and the team will get back to you.

HJ Wu & Company Inc. covers the full list: accounting and reporting, bookkeeping, payroll, review and compilation engagements, Trust Accountant's Reports, corporate (T2) and personal (T1) tax returns, GST and PST, budgeting and forecasting, fractional CFO and Controller services, and advisory and consulting. So you can get your books and your taxes handled by the same people. Tell the firm what you need and they'll point you to the right service.

A few things stand out. HJ Wu & Company Inc. specializes in healthcare practices and law firms, so there's no learning curve on your industry's rules. The firm has completed more than 2,000 engagements, and clients describe the work as detail-oriented, responsive and easy to understand, with many staying for nine years or more. It also works inside the accounting software you already use. If you want an accountant who explains things in plain English and actually picks up the phone, give HJ Wu & Company Inc. a call at 604-636-1862.

HJ Wu & Company Inc. works with healthcare practitioners and clinics, lawyers and law firms, businesses and organizations, not-for-profits, strata corporations, and individuals who need personal tax help. If you're somewhere in between, just ask. A quick conversation will tell you whether the firm is the right match.

Yes. HJ Wu & Company Inc. handles the bookkeeping, payroll, tax preparation and financial reporting for healthcare practitioners and clinics, so doctors and dental professionals can spend their time on patients instead of spreadsheets. The firm keeps your records compliant, organized and easy to understand. Contact HJ Wu & Company Inc. to take the number-crunching off your plate.

HJ Wu & Company Inc. offers law firm accounting that covers everyday bookkeeping, financial statements, tax filings and trust account work, using the software your firm already runs. The team understands the fiduciary side of legal practice and keeps client records secure. If you want an accountant who already knows how law firms work, contact HJ Wu & Company Inc.

A Trust Accountant's Report is a review of how a law firm handles client money held in trust, such as retainers, to confirm it follows Law Society of BC accounting rules. HJ Wu & Company Inc. has experience with trust accounting for BC legal professionals, including trust reporting and reconciliation. Not sure where your firm stands? Reach out and HJ Wu & Company Inc. can walk you through it.

Yes, and there's no need to switch systems. HJ Wu & Company Inc. is comfortable with QuickBooks and Xero, larger ERP systems like Adagio, industry-specific tools like CosmoLex, and even custom software. The firm adapts to your setup so nothing gets disrupted. Contact HJ Wu & Company Inc. and mention what you're running.

Under Canada Revenue Agency rules, most resident corporations must file a T2 return every year, even if no tax is owing, and the deadline is six months after the fiscal year-end. HJ Wu & Company Inc. prepares and files T2 returns on time and also offers basic tax planning ahead of year-end. Contact HJ Wu & Company Inc. before your year-end so nothing sneaks up on you.

Yes. HJ Wu & Company Inc. prepares T1 personal tax returns, helps you figure out which tax slips you need, and looks for every deduction and credit you qualify for so you pay only what you owe. Clients with more complex situations, including foreign tax matters, have relied on the firm for years. Reach out to HJ Wu & Company Inc. for a calmer tax season.

Yes. HJ Wu & Company Inc. can register your business for GST and PST, calculate and report what you owe, and file your returns, including GST filings for not-for-profit organizations. It's a good option at any stage of a business. Contact HJ Wu & Company Inc. and get your sales tax sorted.

Yes. HJ Wu & Company Inc. helps growing businesses build a reliable payroll system with proper controls, and prepares the payroll tax returns on time to avoid penalties. If payroll has started to eat your week, reach out to HJ Wu & Company Inc. and hand it off.

A fractional CFO or Controller gives your business senior-level financial guidance without a full-time salary. HJ Wu & Company Inc. offers this to businesses and organizations with management accounting, budgets and forecasts, timely financial reporting, risk management and pre-year-end tax planning reviews. Contact HJ Wu & Company Inc. if you need that kind of help but not a full-time hire.

Yes. If you own residential property in Vancouver, BC or elsewhere in Canada, HJ Wu & Company Inc. can help figure out which of these filings apply to you: the City of Vancouver Empty Homes Tax (EHT), the federal Underused Housing Tax (UHT) and the BC Speculation and Vacancy Tax (SVT). These rules are easy to get wrong, so contact HJ Wu & Company Inc. before a deadline passes.

A compilation means an accountant organizes your numbers into proper financial statements without giving any assurance on them. A review adds limited assurance, which gives lenders, investors or regulators more comfort. Which one you need usually depends on who is asking for the statements. HJ Wu & Company Inc. provides both, so contact the firm if you're not sure which fits.

Yes. HJ Wu & Company Inc. serves not-for-profit organizations and strata corporations, including bookkeeping, financial reporting and GST filings for non-profits. Boards want clear numbers they can trust, and that's what the firm aims to deliver. Reach out to HJ Wu & Company Inc. to talk through your organization's needs.

It starts with an initial consultation, then a needs assessment, and then HJ Wu & Company Inc. builds a plan around your goals. Cost depends on what you need, whether that's a one-time tax return or ongoing bookkeeping and payroll, so the firm quotes after learning about your situation. Call 604-636-1862 or email inquiry@hjwucpa.com to book your consultation.

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