Kapasi & Associates Inc

What Kapasi & Associates Inc does

Kapasi & Associates Inc is a Calgary-based Chartered Professional Accounting firm founded in 1993 by Hakim Kapasi. The firm delivers a defined portfolio of professional services — tax planning and preparation, compilation and review financial statements, incorporation services, bookkeeping and payroll, business start-up consulting, and business succession planning — to small and medium-sized businesses, incorporated professionals, and contractors in Calgary and the surrounding Alberta region. Service delivery is organized around six industry verticals: Contractor Services, Information Technology, Legal & Financial, Medical Professionals, Real Estate & Construction, and Retail & Hospitality, with direct collaboration with Alberta medical colleges to set up professional corporations for medical practitioners.

The firm's underlying technology stack is built on certified partnerships with three cloud accounting platforms — QuickBooks Online, Xero, and Wave Accounting — which the firm implements, configures, and supports for clients. No proprietary software products, APIs, or developer-facing integrations are offered; the technology layer functions as enablement for the firm's traditional professional services rather than as a standalone product line.

The revenue model is fee-based professional services billing, with pricing quote-based and tailored to client scope rather than publicly disclosed. The firm operates from a single downtown Calgary office (11–50 employees), reaches clients via direct relationship, website inquiries, phone outreach, and word-of-mouth referrals, and publishes educational content marketing on Canadian tax and accounting topics. The firm has been an approved CPA Alberta articling training office since 2016 and is currently preparing a family-led succession layer, with founder Hakim Kapasi's son Aziz Kapasi serving as Tax Specialist.

Name

Kapasi & Associates Inc

Legal name

Kapasi & Associates

Website

https://kapasi.ca

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Kapasi & Associates is a Calgary-based Chartered Professional Accounting firm providing tax planning, bookkeeping, incorporation, and business advisory services to small and medium-sized businesses and incorporated professionals in Alberta, delivered via cloud-based accounting platforms.

Ownership category

akta.pro rank

Product category

Professional Accounting Services

NAICS

Offices of Certified Public Accountants (541211), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Other Accounting Services (541219)

akta.pro primary industry

Accounting & Bookkeeping Services (BPAHABAC)

akta.pro secondary industries

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF), General Ledger & Close (Journal Entries, Month-End Close, Reconciliations) (BPAAAGAC), Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI)

Keywords

• Tax preparation services
• Bookkeeping services
• Business accounting
• Incorporation services
• Financial statements

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Professional Accounting Services: Fee-based professional services revenue model delivering tax planning, tax preparation, financial statement compilation and review, incorporation services, bookkeeping, payroll processing, business start-up consulting, and business succession planning to small and medium businesses, incorporated professionals, and contractors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Kapasi & Associates is a Calgary-based Chartered Professional Accounting firm providing tax planning and preparation, financial statement compilation and review engagements, incorporation services, bookkeeping and payroll, business start-up consulting, and business succession planning to small and medium-sized businesses, incorporated professionals, and contractors. The firm leverages certified partnerships with QuickBooks Online, Xero, and Wave Accounting to deliver cloud-based accounting implementation, support, and ongoing advisory services.

Product overview

Kapasi & Associates is a Calgary-based Chartered Professional Accounting firm offering a suite of accounting, tax, and advisory services primarily serving small to medium-sized businesses, incorporated professionals, and contractors. The firm's core product portfolio consists of six integrated service lines: Tax Planning & Preparation (delivering income tax minimization and deferral strategies), Financial Statements (compilation and review/assurance engagements), Incorporation Services, Bookkeeping & Payroll Services (including QuickBooks Online, Xero, and Wave Accounting cloud-software setup), Business Start-Up Services, and Business Succession Planning. Services are delivered by CPAs leveraging cloud-based accounting platforms, with specialized expertise across six industry sectors: Contractor Services, Information Technology, Legal & Financial, Medical Professionals, Real Estate & Construction, and Retail & Hospitality.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Planning & Preparation

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Three partnerships are on record, tiered core.

• Quickbooks OnlinecoreTechnology or IntegrationCertified partnership for cloud-based bookkeeping and accounting software. The firm provides Quickbooks Online setup, implementation, review, and ongoing support services for clients. Quickbooks Online is recommended as a primary cloud accounting solution for businesses with 25+ monthly transactions.
• XerocoreTechnology or IntegrationCertified partnership for cloud-based bookkeeping and accounting software. The firm provides Xero setup, implementation, and support services. Xero is recommended alongside Quickbooks Online as a top cloud accounting platform choice for clients.
• Alberta Medical CollegescoreStrategic or Co-development PartnerCollaborative working relationship with Alberta medical colleges to set up professional corporations for all types of medical professionals establishing practices in Alberta.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Fuller Landau LLP: Mid-sized Canadian CPA firm focused on owner-managed businesses, professionals, and SMBs with tax, bookkeeping, and advisory services — comparable in size, structure, and target client base.
• Davidson & Company LLP: Canadian mid-tier CPA firm providing tax, accounting, and advisory services to small and mid-sized businesses and incorporated professionals, including cloud-bookkeeping support — directly comparable in scope and target clientele.
• Smythe LLP: Western Canadian mid-sized CPA firm providing tax, accounting, and advisory services to private businesses and professionals, including incorporation and succession planning — the closest scale and scope match to Kapasi.

Broad incumbents

• Crowe Global (Canada): National accounting and advisory firm serving mid-market Canadian businesses and incorporated professionals with tax, audit, and consulting services — competing in the same Calgary SMB and professional services market.
• Baker Tilly Canada: Canadian mid-market accounting and advisory network with strong regional presence in Alberta, serving SMBs and professionals on tax, bookkeeping, and succession — overlapping client profile and service mix with Kapasi.
• Grant Thornton Canada: Mid-tier national firm focused on privately held businesses and entrepreneurs, offering tax, accounting, and advisory services comparable to Kapasi's, including dedicated services for owner-managed and family businesses.
• BDO Canada: National full-service accounting firm with a Calgary office serving small and mid-sized businesses, incorporated professionals, and owner-managed entities across tax, assurance, and advisory — a directly overlapping SMB and professional services offering.
• KPMG Canada: Big Four firm with a Calgary office serving mid-market businesses and entrepreneurs with tax, advisory, and accounting services — competes for the same SMB and incorporated professional segment, but with a much broader portfolio.
• MNP LLP: One of Canada's largest mid-market accounting and advisory firms, with a deep Calgary presence serving SMBs, professionals, and contractors across tax, bookkeeping, and succession services — directly overlapping Kapasi's core client base, though at materially larger scale.

Emerging players

• Encompass CPA: Canadian cloud-focused accounting firm targeting SMBs and incorporated professionals with QuickBooks Online and Xero-centric bookkeeping and advisory services — a smaller, digitally-native firm competing for the same modern SMB client.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/kapasi

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kapasi & Associates Inc