Biz Bits: Maurice Morneau Tax

BIZ BITS Tax Time Continues With Maurice Morneau Tax

By Dave Hall

In a follow up to our Tax Season feature story in the March edition, we now introduce you to the Windsor firm of

Maurice Morneau Tax.

With experience at two of the largest accounting firms in the financial marketplace, Chandra Sekhar Kancheti is ideally placed to provide expert tax advice on anything from simple individual returns to complex returns involving high net-worth individuals, on both sides of the border.

After attaining his MBA degree in Bangalore, India, Kancheti worked for Deloitte Canada and then Ernst & Young LLP before buying, in 2019, (along with his wife, Ashwini) the local Maurice Morneau Tax business, which has been operating for over 38 years.

“At my previous jobs, I learned a great deal about complex tax issues and in particular U.S./Canada cross border taxes,” Kancheti indicates. “They can be very complex, especially if you are dealing with Chief Executive Officers of major corporations, many of whom have income from a number of different sources in both Canada and the U.S.”

In order to simplify tax issues, his firm has launched an app, which can be downloaded from the company’s website: MauriceMorneauTax.com.

“It was created by our tax professionals,” explains Kancheti. “We believe it will be a game changer in the industry as it is the first app of its kind in Canada and makes the whole tax process more accessible to our clients.”

Kancheti’s wide range of tax experience also enables his firm to work with tax consultants in the Toronto area, as well as the Kitchener-Waterloo region, providing advice on complex tax issues.

“We’re a full service firm and can take on everything from the simplest to the most complex tax returns,” adds Kancheti. “Over the two month tax season, our eight employees handle up to 4,500 tax returns.”

In addition to personal tax returns, the firm handles corporate returns, crossborder taxes, non-resident returns, U.S. federal and state returns, trust taxes for deceased individuals, and returns for those just leaving or just entering Canada, as well as bookkeeping services.

“We deal with the type of tax returns

Chandra Sekhar Kancheti, Co-owner of Maurice Morneau Tax, poses for the Biz X photographer, at his 2115 Pelissier Street location in Windsor. His company provides tax preparation and consultation services at an affordable rate. Photo by Rod Denis.

that not all firms are equipped to handle,” he states.

Kancheti believes that government support programs over the past two years have made it difficult for many people whose income was affected by the COVID-19 pandemic.

“Generally, only about 10% of the amount is withheld at source, where in actual fact, the rate is more like 15 to 20%,” he says. “That can make it very difficult for people if they haven’t set enough aside to cover their taxes.”

The office for Maurice Morneau Tax is located at 2115 Pelissier Street, Windsor.

Rates include $35 for students and those on social assistance, $48 for senior citizens over the age of 65, and $68 for other simple returns (exceptions may apply).

A full list of rates for corporations and U.S./ Canada cross border returns can be found on the company’s website, mentioned earlier.

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