Small Business Tax Accountant in Toronto

Year‑round bookkeeping, HST, payroll, and tax planning for incorporated and small business owners.

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AFFORDABLE Small Business Accountant in Toronto

At Gondaliya CPA, we specialize in helping small business owners across Toronto stay financially strong, tax-efficient, and audit-ready. Whether you’re running a startup, retail store, consulting firm, or service-based business, our affordable accounting services are tailored to meet your day-to-day and year-end needs.

With over a decade of experience serving Toronto’s small business community, we understand the realities of cash flow, payroll, CRA filings, and growth challenges. Our team of Chartered Professional Accountants (CPAs) delivers dependable support, clear communication, and compliance-driven solutions that keep your business on track.

Official Partner

Accounting Support for Busy Small Business Owners

Running a small business means juggling clients, operations, and finances. Without proper bookkeeping and tax planning, it is easy to face surprises at year-end, unclear profits, and missed deductions. Gondaliya CPA helps you stay organized, compliant, and confident in your business finances.

Bookkeeping and Payroll

Accurate records for day-to-day operations and employee payments.

HST and Tax Filings

Ensure timely remittance and avoid CRA penalties.

Cash Flow and Profit Tracking

Know exactly how much you make and what to set aside.

Year-End Tax Planning

Maximize deductions and reduce surprises when filing returns.

Stay Compliant and Minimize Small Business Tax

Business Structure and Registration

Understand the differences between a sole proprietorship and a corporation, when incorporating may be beneficial, and the basic CRA registration requirements for small businesses. Proper structure can help reduce tax exposure and simplify compliance.

HST, Payroll, and Record‑Keeping

Learn when you need to register for HST, what payroll and business records to maintain, and how to avoid penalties or interest from late or incorrect filings. Accurate record-keeping ensures smooth operations and CRA compliance.

Year‑End Financial Statements and Tax Returns

Prepare T1 business schedules for unincorporated businesses or T2 corporate returns for incorporated entities, along with financial statements suitable for lenders, landlords, and potential investors. Proper planning helps you stay organized and avoid surprises at year-end.

Why Choose Us as Your Small Business Accountant?

Cost-Effective Accounting

Affordable pricing without compromising quality.

Tax Compliance

Avoid penalties with on-time, accurate CRA filings.

Advisory Support

Strategic advice to help grow and protect your business.

Year-Round Service

Available beyond tax season for ongoing support.

Fully Licensed CPA Ontario

500+ ★★★★★ Google Reviews

30-Day Money-Back Guarantee

60-Day Fees-Matching Policy

Small Business Accounting Services

Corporate Tax Filing for Small Business

Professional tax preparation and return filing, ensuring accuracy and CRA compliance.

Corporate Tax Planning for Small Business

Smart tax planning to optimize savings, reduce liabilities, and maintain compliance.

Accounting & Bookkeeping Services for Small Business

Reliable bookkeeping and accounting with financial statements, records, and reporting.

Incorporation Services for Small Business

Incorporation services for smooth business formation, entity setup, and start-up support.

Payroll Services for Small Business

Comprehensive payroll including T4s, ROEs, WSIB filing, and expert assistance.

Business Plan Writing Services for Small Business

Professional business plan writing with CPA-verified financials and a funding-ready structure.

Free Resource: 50 Deductible Expenses for Small Business

Comprehensive checklist of tax-deductible costs unique to Small Business. PDF delivered instantly.

Case Studies

Small Service Business in Mississauga

Problem: Small service business struggled with high tax exposure and inefficient cash management after incorporating.

Solution: Gondaliya CPA set up proper corporate structure, implemented strategic tax planning, and organized monthly financial reporting.

Results:
✅ Optimized after-tax cash flow
✅ Reduced year-end tax surprises
✅ Streamlined reporting for management and decision-making

Independent Retailer in Toronto

Problem: Retail and online shop was behind on bookkeeping and frequently missed HST filing deadlines.

Solution: Implemented accurate bookkeeping, automated invoicing, and HST tracking with Gondaliya CPA guidance.

Results:
✅ Caught up on all past records
✅ HST deadlines met consistently
✅ Clear monthly financial snapshot for better planning

Independent Contractor in Brampton

Problem: Independent contractor was unsure how much to set aside for income and HST taxes, risking underpayment.

Solution: Gondaliya CPA created a tax planning strategy, providing clear monthly guidance on amounts to set aside.

Results:
✅ No more underpayment risks
✅ Accurate estimation for personal and business taxes
✅ Peace of mind throughout the year

OUR SIMPLE PROCESS

Streamlined Approach for Your Small Business Accounting Consultation

Our clear, efficient process ensures that every step is transparent, fostering trust and strong client relationships.

Here’s a simplified process approach:

Step 1

Initial Consultation

A no-obligation session to understand your financial landscape and identify key areas of support. Our expert accountants assess your business needs to lay a strong foundation for growth.

Step 2

Customized Strategy

Crafting a tailored financial plan that aligns with your business vision, including forecasting, budgeting, and risk management. We ensure your strategy supports long-term success.

Step 3

Execution & Reporting

Implementing strategies and providing regular, transparent reports to keep you informed of your business’s financial health. Stay updated with actionable insights from our dedicated team.

Step 4

Continued Partnership

Offering personalized support from experienced CPAs like Sharad Gondaliya. Contact us online for a free consultation and let’s chat to boost your financial strategy today!

Want stress‑free books and tax season?

Transparent Pricing for Small Businesses

Affordable Pricing for Small Businesses

We believe in clear, upfront pricing so you know exactly what to expect.

- Tax Preparation (Corporation): From $400
- Tax Return Filing (Corporation): From $400
- Tax Compliance Audit – FREE CRA audit support for our clients
- Tax Strategy: FREE for our clients
- Accounting Base Plan – From $100 / month
- Bookkeeping Management (Free for our Accounting clients)
- Financial Reporting (Free for our Accounting clients)
- Business Formation: Flat $35
- Incorporation Process: Flat $35
- Entity Setup Assistance: Flat $35
- Full-Service Payroll: From $125 per month

Meet Your Lead Small Business Tax Accountants

Sharad Gondaliya, CPA

Principal 647-212-9559 sharad@gondaliyacpa.ca

Vandana Goel, CPA

Accounting Specialist 647-250-0242 vandana@gondaliyacpa.ca

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Hiring a professional accountant ensures your books are accurate, taxes are filed correctly, and compliance requirements are met. At Gondaliya CPA, our business tax accountants help small business owners save time, reduce errors, and maximize tax benefits so you can focus on growth.

How can Gondaliya CPA help with my small business taxes?

Our team specializes in business tax planning, T2 corporate returns, HST/GST filings, and maximizing available deductions and credits. With Gondaliya CPA, you get personalized guidance to minimize tax liabilities and avoid CRA penalties.

What bookkeeping services do you provide for small businesses?

We handle daily bookkeeping, bank reconciliations, accounts payable/receivable, payroll, and financial reporting. Gondaliya CPA ensures your records are accurate, organized, and ready for tax season or investor review.

How do I know if I should incorporate?

Incorporation can reduce personal tax exposure and offer liability protection. Our business tax accountants at Gondaliya CPA evaluate your structure, help with the registration process, and advise on the best tax strategy for your business.

Can I deduct my home office or car expenses?

Absolutely! We help identify and track all allowable deductions.

Can you help me with HST/GST compliance?

Absolutely. Gondaliya CPA assists small businesses with registering for HST/GST, tracking taxable and zero-rated sales, and filing accurate returns. Our expertise ensures you stay compliant while minimizing overpayments.

How do you handle payroll and employee taxes?

We manage payroll processing, employee remittances, and CRA reporting to ensure your team is paid accurately and on time. Gondaliya CPA keeps your small business compliant with all payroll tax obligations.

What makes Gondaliya CPA different from other accounting firms?

Our team specializes in small business accounting with a strong focus on tax strategy, compliance, and financial organization. We provide personalized attention, proactive advice, and clear guidance that grows with your business.

Can you help with tax planning for multiple business locations?

Yes. Our accountants can consolidate financials, track HST/GST for each location, and advise on tax-efficient strategies. Gondaliya CPA ensures compliance across jurisdictions while optimizing your tax position.

How do I get started with Gondaliya CPA?

Getting started is easy. Contact us to schedule a consultation, and we’ll assess your accounting needs, review your current records, and outline a plan for bookkeeping, payroll, and tax management tailored to your small business.