Clearhouse-LLP

5 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 12 family, our friends have really been there for us in the sense that they’ve kind of helped us get out there and have referred a lot of clients to us.” Although competition remains fierce in the accounting world, the cream always rises to the top. Proving this time-old adage to be true, Clearhouse LLP has worked hard to earn its place among the big players. Carving its niche in the market, Clearhouse LLP offers clients the expertise of a Big Four public chartered accounting firm with the hands- on familiarity of a smaller company. “Generally, if you want someone to deal with complex tax issues, restructuring type work, and even international type work, you would need to go to some of the bigger national firms. But with us, we’re all from some of the bigger firms and we got a lot of experience from those firms,” says Clearhouse tax partner Karndeep Sandhu. “Our competitive advantage, generally, is the fact that we’re not this large firm like Deloitte and Touche, but we do have a similar skill set and that’s really helped us grow.” The Toronto, Canada-based tax firm was founded as a small two-man project in 2013 by Sandhu and fellow partner Sarb Cheema. The third partner, Pat Kenney, joined the ranks in 2017 and from there the business took off. “Over the years we grew from working in a basement to moving into a shared office space and at that point there were five or six employees in just one small room, and then we transitioned to a 1500 square-foot office and again we outgrew that,” Sandhu recalls. “Now we’re at a 7500-square-foot office and we’re close to outgrowing that as well.” Today, the company has grown to more than 50 employees that divide their time between working from home and in the office. The full-service chartered accounting firm is made up of three main departments –Assurance run by Kenney, SME run by Cheema, and Tax run by Sandhu. Assurance works on audits and reviews, providing public company audits for 47 public companies and counting. “We do a lot of public company audits,” Sandhu says. “These are companies that are on the TSX (Toronto Stock Exchange), Venture, and whatnot.” The Small and Medium Enterprises (SME) division understands how accounting and financial reporting can be complex for private companies. We provide three main services that are essential to business’ success, including year-end tax filings, financial statement preparation, and business advisory services.