PROFESSIONAL EXPERIENCE

Owner

Truong Tax and Accounting Services, Edmonton (August 2017 – Present)

Truong Tax and Accounting Services provides cost-efficient and timely tax and accounting services to incorporated small businesses, small business owners and individuals.

Corporate year-end services:

      • Tax planning, preparation, and e-filing
      • Financial statements compilation
      • Bookkeeping
      • GST, T4, T5 preparation and filing

Personal tax services:

      • Prepare and e-file tax returns for individuals, self-employed, rental income, and portfolio investment
      • Identify tax saving opportunities in your situation
      • Review of prior years’ taxes for missed deductions/credits
Senior Staff Accountant

HGA Chartered Professional Accountants (Skolney & Company merged with HGA in 2018), Edmonton (February 2016 – October 2016)
Worked for Skolney & Company from 2003 to April 2014, returned in February 2016.

Responsible for preparing and completing Review and Notice to Reader engagements, income tax and partnership returns, and financial forecasts for clients ranging from small to medium-sized owner-managed businesses.

      • Managed and took ownership of assigned clients to ensure the needs of clients are met.
      • Communicated and coordinated with VP Finance, Controller or Accountant to gather year-end working papers in preparation of financial statements.
      • Inquired, analyzed, and discussed year-end working papers and accounting policies with VP Finance, Controller or Accountant in preparation of financial statements.
      • Prepared and completed unaudited and consolidated financial statements in accordance with Accounting Standards for Private Enterprises (ASPE) for clients to provide financial information to internal and external users such as creditors and management.
      • Calculated financial ratios to ensure clients are in compliance with bank loan covenants.
      • Prepared and completed financial forecast for clients to obtain financing or to renew or refinancing existing loans.
      • Prepared and completed corporate, personal, trust, and partnership returns.
      • Estimated tax scenario to show clients’ tax situation such as corporate and personal taxes on sale of assets or dividend versus salary or combination of both dividend and salary.
      • Prepared and completed various corporate tax election forms included capital dividend, T2054, or assets rollover, T2057.
      • Involved with Partner in corporate reorganization under Sections 51, 85, and 86 of the income tax act.
      • Communicated, gathered, inquired and discussed with clients in preparation of Scientific Research and Experimental Development tax credit.

Accomplishments:

      • Prepared and completed assets rollover under Subsection 85(1).
      • Involved with Partner in calculating safe income.
Accountant

Symmetry Asset Management Inc., Edmonton (September 2014 – October 2014)

Responsible for month-end reports, accounts reconciliation, and cash bank balance report.

Accomplishments:

      • Reviewed arrears corporate tax returns in Profile and made recommendation to management including amalgamation.
      • Prepared and updated arrears year-end draft financial statements and combined financial statements in CaseView.
Senior Staff Accountant

HGA Chartered Professional Accountants (Skolney & Company merged with HGA in 2018), Edmonton (2003 – April 30, 2014)

Responsible for preparing and completing Review and Notice to Reader engagements, income tax returns and financial forecasts for clients ranging from small to medium-sized owner-managed businesses.

Key accomplishments:

      • Involved with Partner in corporate reorganizations under sections 51, 85 and 86 of the Income Tax Act.
      • Integrated paperless working papers with CaseWare document manager to reduce cost from rifle through filing cabinets and to centralize working papers repository for easier access.
Staff Accountant

Ellis Group LLP, Chartered Accountants, Edmonton (1995 – 2003)

Responsible for preparing and completing Review and Notice to Reader engagements and income tax returns for clients ranging from small to medium-sized owner-managed businesses.

Accomplishments:

      • Setup CaseWare working papers and CaseView financial statements templates.
      • Updated Excel financial forecast template.
Accountant

Northland Building Supplies Ltd., Edmonton (1993 – 1995)

Responsible for full cycle accounting, monthly in-house financial statements for the bank, and year-end working papers for external accountant.

Accomplishment:

      • Setup daily cash flow projection in Excel.

PROFESSIONAL DEVELOPMENT

Income Tax Update – Annually
Video Tax News Inc.

Transitioning to Private Enterprise GAAP – February 2010
Institute of Chartered Accountants of Alberta

CICA Handbook Accounting Refresher for Members in Public Practice – October 2009
Institute of Chartered Accountants of Alberta

EDUCATION

Honours Diploma in Business Administration – Accounting
Northern Alberta Institute of Technology, Edmonton (1990 – 1992)