LCPS Professional Corporation

LCPS Professional Corporation is an accounting and business consultancy firm based in Thunder Bay, Ontario, that specializes in tax consultancy services and tax planning. The firm operates as a full-service accounting and business advisory entity offering assurance engagements, taxation services, and advisory services. It serves clients in Northwestern Ontario and has been expanding through strategic mergers since its inception.

The firm began in 1998 as Luft Charlebois Chartered Accountants and has evolved through several name changes and partnerships. Key mergers include combining with Arding and Co. on June 1, 2007, Plata & Morrill Chartered Accountants on January 16, 2011, and Dan Kelly Chartered Accountant on January 1, 2015, which solidified its position as a strong regional presence.

The current partners include John Luft, CPA, CA; Allan Prenger, CPA, CA; Michael Speer, CPA, CA; and Derek Tycholas, CPA, CGA. These individuals represent the firm's leadership team and are responsible for guiding the company's strategic direction and service offerings.

The firm offers compilation engagements, review engagements, and audit engagements as part of its assurance services portfolio. These services help businesses meet regulatory requirements and provide financial transparency to stakeholders such as banks and investors.

Clients can access commodity taxes, corporate taxation services, and personal tax returns through the firm's taxation division. The team assists with HST filings and ensures compliance with Canada Revenue Agency requirements for both individuals and businesses.

The firm provides business acquisitions, corporate reorganizations, incorporating a business, succession planning, retirement planning, and estate planning. These services are designed to help owner-managed businesses navigate complex financial transitions and long-term strategic goals.

The firm offers bookkeeping and cloud-based accounting services to support businesses that need ongoing financial management. These solutions help firms maintain accurate records and streamline their accounting processes efficiently.

Regular hours are Monday to Friday from 8:30 AM to 5:00 PM. During summer months (July and August), hours are adjusted to Monday to Thursday from 8:30 AM to 4:30 PM, and Friday from 8:30 AM to 3:30 PM, ensuring consistent availability for client needs.

The firm is located at 1070 Lithium Drive, Thunder Bay, ON P7B 6G3. Clients can contact the office by phone at +1 807 623 0600 or by email at [email protected] for inquiries and service requests.

Reviewers frequently highlight the team's knowledge, responsiveness, reliability, and professionalism. Many clients appreciate the expert advice provided and the firm's ability to navigate complex issues effectively.

The firm holds a Trustburn rating of 4.3 out of 5 based on 11 reviews. The most recent review was posted on December 2, 2023, and the feedback includes a mix of 5-star, 4-star, and 3-star ratings reflecting overall satisfaction.

The firm assists clients with bank requests for review statements and helps businesses stay up to date with HST filings requested by the Canada Revenue Agency. These services ensure clients meet critical regulatory deadlines and maintain good standing with financial institutions.

By merging with Plata & Morrill Chartered Accountants, which had a strong reputation for serving owner-managed businesses, the firm expanded its capacity to serve family-owned enterprises. This integration allows for more comprehensive support in succession planning and retirement strategies.

New clients can initiate engagement by completing the contact form on the firm's website or directly reaching out via phone or email. The firm is ready to assist with inquiries about incorporating a business or navigating corporate reorganizations.

The firm specializes in tax planning tailored specifically for family-owned and owner-managed businesses, leveraging its extensive merger history to provide deep regional expertise. This focus allows for customized strategies that address the unique financial challenges of these business structures.