Business Details
19 Years
experience
Expert Tax Services in Toronto
Since 2007, LP Tax & Accounting Services has been dedicated to providing comprehensive tax solutions for individuals, businesses, and cross-border clients. Our team combines decades of expertise in Canadian and U.S. taxation with a personalized approach to address each client's unique needs. Lalitha Seneviratne, a founding partner, specializes in resolving complex CRA audit cases and corporate tax matters, while Rajiv Seneviratne brings technological innovation to Canadian and U.S. personal tax returns. We prioritize proactive tax planning to ensure compliance and minimize future risks, leveraging cloud-based tools to streamline processes.Our commitment to excellence extends to bookkeeping, audit representation, and cross-border tax reporting, ensuring clients receive accurate, timely, and strategic support. With a focus on transparency and client education, we empower individuals and businesses to navigate tax obligations confidently. Our Toronto-based practice remains open year-round, offering year-end filings and off-season consultations to maintain continuous compliance and financial health.
Services
Personal Tax Returns
Corporate Tax Returns
Bookkeeping
Audit Assistance
U.S. Tax Returns
Details
- Year established: 2007
Highlights and features
- We offer 20+ years of experience in Canadian and U.S. tax compliance.
- Our team provides personalized audit representation and resolution services.
- We implement cloud-based accounting tools for efficient, modern tax solutions.
- Our cross-border tax expertise minimizes double taxation for international clients.
- We deliver year-round support for proactive tax planning and compliance.
Services
Personal Tax Returns
We prepare Canadian and U.S. personal tax returns tailored to your unique circumstances. Our process ensures all deductions and credits are maximized while maintaining compliance. By analyzing your financial situation, we identify opportunities to reduce tax liabilities and provide ongoing guidance to prevent future issues, ensuring peace of mind during tax season.
Corporate Tax Returns
Our corporate tax services cover preparation, filing, and strategic planning for Canadian businesses. We navigate complex incorporation benefits and ensure accurate reporting to optimize tax advantages. With year-round support, we help corporations maintain compliance, address CRA inquiries, and implement tax-efficient structures to support long-term growth and profitability.
Audit Assistance
We provide expert representation during CRA audits, ensuring your interests are protected. Our team prepares detailed responses to audit requests, resolves discrepancies, and negotiates favorable outcomes. By proactively addressing compliance gaps, we minimize penalties and streamline the audit process, allowing you to focus on your core business operations without disruption.
U.S. Tax Returns
We specialize in U.S. tax filings for citizens, green card holders, and non-residents. Our services include Form 1040 preparation, FBAR/FATCA compliance, and double-taxation mitigation strategies. By leveraging our cross-border expertise, we simplify complex reporting requirements and ensure adherence to both U.S. and Canadian tax regulations for seamless compliance.
Bookkeeping
Our bookkeeping solutions streamline financial management for small businesses. We customize systems to track income, expenses, and tax obligations efficiently. By maintaining accurate records, we provide real-time insights into your business's financial health, enabling informed decisions and reducing year-end tax preparation time significantly.
People
Lalitha Seneviratne
Founding Partner
Lalitha specializes in Canadian corporate tax and CRA audit resolution with 20+ years of experience. She focuses on compliance strategies and minimizing audit risks for businesses.
Rajiv Seneviratne
Partner
Rajiv handles Canadian and U.S. personal tax returns while integrating cloud-based accounting tools. He emphasizes technological efficiency and client-focused solutions for modern tax needs.
Peter Turschic
Founding Partner (Retired)
Peter established the firm's cross-border tax expertise before retiring in 2018. His legacy includes building trust with U.S. tax clients through meticulous compliance and advisory services.
Questions
What tax services do you offer for individuals?
We prepare Canadian and U.S. personal tax returns, optimize deductions, and provide audit support tailored to your specific financial situation.
Can you help with CRA audit representation?
Yes, we provide comprehensive audit assistance, including preparing responses, negotiating outcomes, and ensuring compliance to minimize penalties or disputes.
Do you handle cross-border tax issues?
We specialize in U.S. tax filings for Canadians and cross-border compliance, including FBAR/FATCA reporting and double-taxation avoidance strategies.
Are your services available year-round?
Yes, we offer year-round support for tax planning, compliance consultations, and addressing CRA inquiries outside traditional tax seasons.
Reviews (4)
Daniel Lewis
Dec 03, 2021
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I'm so grateful to have Lalitha and Rajiv as our accountants. For the past 7 years, they've helped us with our small business, personal taxes AND our US taxes. They do it all and they're a local, family business. They're also really friendly and quick to respond to emails and calls whenever we have questions or need guidance. There's no one better than LP Tax!
Gavin Whitehead
Jan 11, 2021
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Lalitha (and LP Tax & Accounting) provide incredible service, clear communication and have always been welcoming and friendly. I went to them in 2019 to get assistance with a tax issue, and in our first meeting, Lalitha was able to get answers that I struggled to find in the previous months, and got the wheels in motion with the CRA to make the changes that I needed. Following that first experience, there was no question or hesitation about working with her again to complete my family's 2019 tax returns. Having just had those completed, I already know that I'll be in touch again for next year
Tony Ciccia
Nov 15, 2019
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I have been coming to Lalitha and LP tax for over 20 years. She is an absolute PRO, always advising me on how to maximize my tax return and always aware of the most up to date tax laws and changes year over year. I look forward to tax season every year, not only for the returns but to spend time with Lalitha who is one of the nicest, most effervescent and smartest person I have ever met!! And now her bright, energetic and kind son Rajiv works along side her. Doubling my joy when I do my taxes. I will be with Lalitha and LP for another 20 years and then some!!
C.
Jan 14, 2019
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Please Please I beg you to save your time and GO SOMEWHERE ELSE truly this people are not professionals!! Lalitha the woman I met up with is highly neurotic and raised her voice at me, not to mentioned she was not clear on what the process was and she TOOK MY INFORMATION for me to be forced to go back to her. This is the first review I write because I want to save people to go and do business with this people. Honestly is not worth it. :( PS. they are VERY sketchy.
