Professional accounting services – Montreal Accounting Firm

Litwin CPA Inc. has been providing accounting, assurance, and creative tax minimization strategies to individuals, corporations, entrepreneurs and professionals for more than 40 years.

Conveniently located in the Westmount borough of Montreal, we are a full-service entrepreneurial accounting firm offering a wide range of professional services to a diverse client base of family and privately-owned businesses. A number of our clients have businesses spread throughout Canada, the United States, Europe and Asia.

Over the course of time, we have developed an extensive network of business and professional contacts in the rest of Canada, the USA, and Europe to assist clients with the many requirements of conducting a successful business. Read more.

Accounting Services

U.S. Income Taxes

We prepare U.S. income tax returns primarily for Americans living outside the U.S., who are still required by U.S. tax laws to file returns.

Accounting

We provide a full range of cost-effective accounting services to meet your needs for management information, financial statements and tax accounting records.

Audit

An audited financial statement is invaluable for financing, negotiating credit, and reporting to investors, lenders, and regulatory agencies.

Consulting

We can help your company’s management team develop long-term objectives and specific strategies to facilitate your business’ future growth and success.

Estates & Trusts

An estate plan arranges the use, conservation, and transfer of an individual’s wealth. Estate planning involves much more than preparing a will.

Financial Planning

Our training and experience allow us to focus on the big picture. Financial plans must integrate objectives, goals, tax strategies, and estate planning.

Taxation

Clarify challenging tax situations with revenue agencies and mediate compromises or installment agreements in the best interest of our clients.

Litwin CPA Inc.

Big Firm Capabilities. Small Firm Character.

Our team at Litwin CPA Inc. is committed to providing a service of the highest professional standard. We are accessible to our clients at all times. In the course of attending to routine compliance matters, we place a heavy emphasis on providing strategic financial and management advice. We attempt to develop a close working relationship with our clients that enables us to understand their businesses. Accordingly, we provide advice that is both proactive and tailored to the needs of each client.

Latest news

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Merger announcement

Litwin CPA Inc., a full-service public accounting firm serving a wide range of private businesses, not-for-profits, estates and trusts and personal income tax filing and Robert Allnutt B. Comm., the owner of a tax accounting firm specializing in American and Canadian personal tax filings and film industry accounting services announce the combining of their practice which will continue under the name Litwin CPA Inc. The addition of the Allnutt team adds to our ability to serve our … Read more

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Cryptocurrency and taxation

Prepared by Michael Litwin, CPA, CA, TEP AS OF OCTOBER 2019 It may not come as a surprise, that both Canada and the IRS imposes taxation on cryptocurrency transactions.  The IRS issued guidelines on this subject in 2014 and information can be found by following this link: https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions In 2014, the IRS issued Notices 2014-21, 2014-16.1.R.B.938, explaining that virtual currency is treated as property for Federal income tax purposes and providing examples of how longstanding tax … Read more

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Taxation of cryptocurrency

This article intends to provide a small insight into the world of Cryptocurrency and taxation in Canada. Characterization Of Cryptocurrency The CRA characterizes cryptocurrency as a commodity. The use of cryptocurrency to exchange goods or services results in the acquisition or disposition of property or in an income or expense. The receipt of cryptocurrency in payment for goods or services constitutes income and attracts sales and income taxes based on the fair value of the exchange. … Read more

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