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About Us

Beyond the Numbers: Your Foundation for Financial Success


At Coreset Accounting CPA Inc., we believe that effective accounting is about more than just compliance—it is about providing the clarity and stability your business needs to flourish.


Founded in Richmond, British Columbia, by Dana Xiao in 2015 who brought over 25 years of deep expertise in accounting and taxation, we have been aiming look "beyond numbers" to support the long-term growth and prosperity of its clients. Since officially becoming Coreset Accounting in 2020, we have remained steadfast in our "quality first" principle. We don’t just manage records; we empower our clients—from new startups and small-to-medium enterprises (SMEs) to investment property owners—to succeed by building and maintaining a solid financial foundation with care and precision.


Why Choose Coreset?


  • Precision & Care: We manage your financial essentials with a level of detail that ensures peace of mind.
  • A "Quality First" Approach: Every engagement is handled with professional integrity and a focus on long-term prosperity.
  • Localized Expertise: Deeply rooted in the local community, we understand the specific tax and business challenges facing BC entrepreneurs.

Our Services

Accurate & Reliable Bookkeeping

From startups to established enterprises, we provide the precision and care your unique business deserves.


With our accurate and bookkeeping services, we offer insights and guidance tailored to your specific needs to help you achieve your business goals.

Individual & Corporate Income Tax Preparation

We specialize in preparing individual and corporate income taxes.

  • Corporate Tax Planning: Strategic positioning to minimize liabilities and support long-term business growth.
  • Individual Tax Preparation: Personalized filing for business owners, professionals, and property investors.
  • Compliance & Filing: Timely, accurate submissions that adhere to the latest CRA regulations.
  • Optimization: Identifying every eligible credit and deduction tailored to your specific financial situation.

Strategic Business Consulting

Our business advisory services turn your numbers into a roadmap. We offer insights and guidance tailored to your specific needs, helping you achieve your business goals at every stage. By integrating our advisory with your monthly bookkeeping and yearly financial reporting, we ensure you have a real-time understanding of your performance, allowing for smarter, more confident growth.

Assurance & Reporting Services

The firm provides different levels of financial scrutiny to meet the needs of lenders, investors, and regulatory bodies:


  • Audit Engagements: The highest level of assurance, involving a comprehensive examination of internal controls and data to ensure financial statements are free from material misstatement.
  • Review Engagements: A mid-level service providing "limited assurance" through analytical procedures and inquiries, often required for business loans or by stakeholders.
  • Accountant’s Reports: Independent verification of financial data for specialized regulatory filings, such as those required by the BC Financial Services Authority (BCFSA) for real estate brokerages.

Compilation Services

Precision in Reporting


We compile financial statements that strictly adhere to the latest CSRS 4200 standards. This ensures that your business’s financial information is presented with the highest degree of accuracy, providing you with a clear, reliable view of your company’s financial health for tax filing and internal decision-making.


Benefits for Clients


  • Up-to-Date Compliance: We stay current with evolving Canadian accounting standards so you don’t have to.
  • Lender-Ready Documents: Professionally compiled statements that meet the expectations of banks and stakeholders.
  • Clarity for Growth: Use your financial statements as a roadmap for future expansion, not just a historical record.


Law Firm Accounting & Trust Compliance

We offer specialized expertise in the unique regulatory and compliance requirements of legal practices.


Our Legal Accounting Services Include:

  • Trust Account Administration: Meticulous tracking and reconciliation of client trust funds to ensure complete segregation from general operating accounts.
  • Law Society Reporting: Expert preparation of mandatory Annual Trust Reports (Section C), completed by our qualified CPA team.
  • Audit Readiness: Proactive record-keeping and internal reviews to ensure your firm is always prepared for compliance audits.
  • Practice Management Integration: Seamlessly connecting your legal software data with professional financial reporting to provide a clear view of your firm’s profitability.

Ready to Simplify Your Finances?

Contact Coreset Accounting for Expert Solutions

Testimonials

Client Feedback

Coreset Accounting has transformed the way I manage my finances. Their attention to detail and commitment to service have made a significant impact on my business!

What Our Clients Say

The team at Coreset is simply the best. They take the time to understand my needs and provide invaluable advice that has helped my business thrive.

Our Clients Love Us

Professional, efficient and incredibly knowledgeable! I trust Coreset Accounting with all my financial matters and highly recommend them.

Get In Touch

At Coreset Accounting, we value open communication and are here to assist you with all your accounting needs. Whether you have a question about our services or need advice tailored to your unique business situation, don’t hesitate to reach out. Our experienced team is ready to help you build a solid financial foundation for your success. Contact us today!

Address

5811 Cooney Rd, Suite 305, South Tower, Richmond,

V6X 3K5 Richmond

(778)588-3009

(778)588-3009