Liam Sullivan is a Chartered Professional Accountant (CPA, CA) based in Toronto with over 18 years of experience in corporate finance and tax planning for Canadian SMEs. He specializes in cash flow restructuring, SR&ED tax credit maximization, and negotiating commercial lending with Canada’s Big Five banks.
Liam began his career auditing for a Big Four firm before transitioning to a CFO role for a high-growth manufacturing company in Southern Ontario. He possesses deep expertise in navigating the complexities of the Canada Revenue Agency (CRA), helping businesses survive audits and manage GST/HST remittances effectively. His writing focuses on financial resilience, specifically addressing the challenges of high-interest rates and the nuances of Canadian banking covenants. Liam is an expert in preparing financial statements that satisfy commercial lenders and has successfully guided dozens of companies through debt restructuring and insolvency protection processes. He frequently advises on the tax implications of salary versus dividends and the strategic use of holding companies. His goal is to demystify complex accounting principles like EBITDA and working capital ratios for non-financial founders. Liam advocates for data-driven financial forecasting to prevent liquidity crises before they start.