Khalid Amlani is a Chartered Accountant with Akeroyd Leung Amlani (ALA). ALA provides accounting services, tax planning & compliance, and advisory services to help clients make informed decisions on everything from incorporation to financial planning. Khalid has over 10 years of experience helping his clients make sense of their numbers by providing tax, accounting and strategic business advice. Khalid has worked with LOCO members Momentum Venture Partners, Ello and Miller Titerle and others. Find out more about Khalid here.
1. What are your areas of expertise?
Our firm’s focus is on providing tax, accounting, assurance and financial consulting to a wide range of business from start-up companies to mid-size companies. We strive to understand the clients short and long term goals and work with them to provide accounting and tax solutions tailored to their needs. Typically, this can include tax compliance, estate planning and financial reporting.
2. What type of clients do you typically work with?
We have years of working with businesses of all different sizes and industries. We have established our selves as a “go-to” firm for start-up and owner-managed companies that want to make sure that they are well positioned for growth. We also have a focus on professional practices in the medical field including doctors, dentists and other medical practitioners. Each client is different, and we provide custom tax and accounting advice that our clients require.
3. What are the business challenges you most often help your clients solve/address?
We help our clients with any business challenge that may have a financial impact. Most often we are dealing with growing companies. As they grow, taxes become an important issue, so we work to manage all their tax filings and provide tax planning strategies to minimize their tax burden. Another challenge that faces growing companies is although revenue and net income may be increasing, cash flow never seems to keep up. We provide clarity surrounding the working capital life cycle and recommend solutions to increase cash flow.
4. How do you help?
Business owners have a lot of things to worry about – we try to make taxes and accounting is NOT one of those things. We handle their annual tax compliance needs and help them plan for the future.
5. How can you help a business in a 1-hour business clinic session?
The 1 hour business clinic session can be used for us to gain an understanding of you and your business and provide some recommendations on tax/accounting issues that need urgent attention and others that you should keep in your mind as you grow.