Kapil Batta Cpa, Cga Email & Phone Number

Vaughan, On, Ca

Vaughan, On, Ca

Toronto, Canada Area

• Prepared semi-annual tax effect accounting calculations alongside applicable journal entries.• Prepared and filed corporate income tax, T106, NR4, T2200’s and RCA returns. • Liaised with auditing firms for projects and corporate tax review.• Prepared and reviewed all HST/QST/PST filings for multiple legal entities. • Prepared working papers for CRA audits and analyzed risk on a continuous basis.Major Accomplishments:• Transitioned the corporate tax filings to in-house for multiple legal entities.• Took the lead on preparing and reviewing applicable government subsidies during COVID.• Heavily involved in the implementation of a new accounting/invoicing system from a commodity tax perspective due to the complexity of passenger transportation service rules.

Toronto

• Prepared, collected information and reviewed filings for both the annual GST111 filings and all Canadian corporate income tax returns.• Prepared and reviewed monthly Regulation 105, ORST and Part XIII withholding tax filings.• Prepared and reviewed the annual T4A-NR and T1204 slips.• Analyzed and reviewed T106 filings across all legal entities.• Liaised with CRA for audit inquiries and prepared the required working papers.• Prepared and reviewed monthly HST/GST/QST working papers, monthly Indian tax withholdings and quarterly UK VAT.• Prepared tax reconciliations and reconciled differences on a monthly basis.• Built a reputation as a subject matter expert in the global compliance tax domain for issues related to tax compliance.• Developed and maintained tax control schedules & process documentation.• Tested Oracle from a tax perspective on an ongoing basis due to continuous system upgrades.Major Accomplishments:• Implemented a streamlined process in the preparation of GST/HST that significantlyimproved accuracy and efficiency.• Consolidated and standardized a large data set of information for the purpose of streamlining.the quarterly sign-off with managers and directors. This resulted in improved record keeping,efficiency and has now been implemented across various departments/groups.• Trained and supervised intern students while providing on-going mentoring throughout theirplacement.

Toronto, Ontario

• Reviewed and analyzed monthly construction reports prepared by joint venture partners and prepared monthly cost mapping packages inline with internal cost codes• Conducted regular audits of project pro-forma budgets and construction status reports to ensure data is current, accurate and complies with policies and procedures• Prepare funding request packages as required for purposes of land purchases and/or property requests• Responsible for closing final project pro-forma costs and reconciling accounting records for completed development projects• Produced monthly reports on project recoverables and followed-up with project managers and accounting teams to identify and rectify discrepancies• Reviewed monthly development construction draws requests, rollovers, conversion notices and co-owner cash call requests for accuracy and compliance with draw procedures• Prepared ad-hoc reporting as required by management and joint venture partnersMajor Accomplishments:• Created and maintained a Gantt chart that provides information on current development projects, which is regularly distributed amongst other teams. This has helped management assess use of resources and have one source of information.• Team lead for the regular review of development invoices and managing a team of two staff for posting in the AP sub-ledger.• Team lead for the year-end process, which included training the accounting team and reviewing all accrual packages for both accuracy and completion.• Created multiple training manuals and a checklist of monthly responsibilities which includes file locations and due dates. This helped ensure processes are always followed consistently and created a more visible scope of responsibilities.

Toronto, Ontario

• Prepared quarterly audit packages with account reconciliations, analysis and a schedule of recommended reclass/missing entries• Prepared and consolidated monthly and quarterly HST/GST/QST packages and trained multiple corporate accountants on commodity taxes• Assisted with gathering information for CRA requests, tax audits and prepared Statistics Canada surveys• Analyzed monthly financial statements, prepared budgets and forecasts and investigated variances from prior periods• Completed the monthly close process, bank reconciliations and reviewed accounts receivable reports• Monitored cash balances for corporate entities and prepared monthly distributions and contributions packages• Coordinated and prepared several cost allocation files tailored to project requirements• Reviewed invoices related to the potential purchase/sale of a property and allocated charges upon completion of the transaction• Prepared wire transfers and cheque requisitions as requiredMajor Accomplishments:• Streamlined the revenue review process for development fees by creating a standard template that significantly increased accuracy and efficiency. Since then, this template has been standardized within the property accounting department and resulted in a time-savings of 2 days per quarter.• Prepared a training package for commodity taxes that was distributed across corporate and property accounting. This improved the overall training process.• Revised and standardized the HST/GST/QST template used across the company which reduced manual inputs, increased accuracy and efficiency.

Richmond Hill, Ontario

• Completed year end working papers for assigned properties and holding entities• Completed full cycle accounting including: journalizing missing accruals, reallocations for month end, producing financial statements and closing the period• Completed monthly balance sheets reconciliations, bank reconciliations and prepared routine deposit reconciliations as a part of internal control checks• Monitored cash balances for various corporate entities and prepared wire transfers and cheque requisitions as required• Completed variance analysis for both revenue and expense accounts for the auditors• Enquired and followed-up with A/P coordinators to ensure outstanding bank reconciliation items cleared and stale dated cheques were cancelledMajor Accomplishment:• Team lead for the reengineering process and responsible for ideas to increase both efficiencies and accuracy.

Brampton, Ontario

• Assist the accounts receivable department with accepting payments for delinquent accounts and setting up payment arrangements• Explanation of credit limits, assess temporary increases in credit limits and process credit evaluations• Demonstrated best judgment in the disbursement of adjustments and credits• Supported the management team by following up on customer escalations not immediately resolved by other agents• Identified, researched, and resolved customer issues• Provided timely and effective resolutions to a range of customer queries related to products and services• Acted as the senior trainer responsible for providing support to new trainees through mentoring, observation and feedback• Analyzed scorecards for trending results and competencies• Participated in many projects while being actively involved in making changes to better suit business needs

Mississauga, Ontario

• Created invoices and updated accounts payable and receivable records• Administrative work including making and receiving phone calls for customer appointments and organizing expenses• Follow-up on customer inquiries and providing in-depth knowledge on the products and services offered

Brampton,Ontario

• Handled thousands of cash and debit transactions• Provided product information and customer service• Trained staff while working in a competitive commission environment• Assisted in opening new retail stores

Education record

Bachelor'S Degree, Economics

Diploma, Court And Tribunal Administration