Franchise Accounting

Tax Accountant for Franchises

Specialized accountants for franchisees and franchisors to keep royalties, ad funds, and unit‑level performance crystal clear.

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AFFORDABLE Accountant for Franchises

Running a franchise involves more than day-to-day operations—it requires consistent financial reporting, royalty tracking, franchise fee management, and maintaining profitability across every location. At Gondaliya CPA, we specialize in franchise accounting that helps both franchisors and franchisees stay compliant, organized, and financially confident.

Whether you’re launching your first unit or managing multiple locations, we provide accurate bookkeeping, tax planning, and financial insights tailored to your franchise model. Our goal is to give you the clarity you need to improve cash flow, reduce financial risk, and support long-term expansion.

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Accounting That Understands Franchises

Franchise accounting requires unique expertise to manage multiple revenue streams, royalties, and compliance with both corporate and franchise laws. At Gondaliya CPA, we specialize in providing tailored accounting services for franchises, ensuring accurate financial reporting, tax compliance, and strategic planning. Our deep understanding of the franchise model allows us to help you streamline operations, optimize profitability, and focus on growing your business with confidence.

Royalty & Ad Fund Management

Accurate calculation and reporting of royalties and marketing fees required by your franchisor.

Multi-Unit & Consolidated Reporting

Clean books for each location with roll-up financials that show your overall performance.

POS, Merchant & Bank Reconciliations

Consistent reconciliation across all systems and locations to ensure every dollar is accounted for.

Sales Tax & Payroll Compliance

Accurate GST/HST, payroll remittances, and filings for franchises operating in multiple jurisdictions.

Stay Compliant with Franchise and Tax Rules

Franchise Agreement and Brand Reporting

We prepare standardized charts of accounts, unit-level reporting, and timely royalty/ad-fund submissions in the exact format your franchisor requires.

CRA, Sales Tax, and Payroll Compliance

We handle T2 corporate tax filings, GST/HST, and multi-province payroll requirements so your franchise stays fully compliant.

Audit-Ready Books for Franchise Reviews

We maintain clean, well-documented financials that are always ready for franchisor reviews or CRA checks.

Why Choose Gondaliya CPA for Franchise Accounting?

Franchise Expertise

We understand the difference between managing a single location and overseeing multiple franchise units. Our systems are designed to streamline financial reporting at every level.

Local & Federal Tax Knowledge

With in-depth knowledge of Ontario and Canadian tax laws, we help minimize liabilities and maximize credits for your franchise.

Cost-Effective Solutions

We help identify opportunities for cost savings, efficiency, and profitability, aligning with your business goals.

Personalized Support

Unlike larger firms, we take the time to understand your franchise goals and provide advice that fits your business model.

Fully Licensed CPA Ontario

500+ ★★★★★ Google Reviews

30-Day Money-Back Guarantee

60-Day Fees-Matching Policy

Franchise‑Focused Accounting Services

Corporate Tax Filing for Franchises

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

Accounting & Bookkeeping for Franchises

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

Corporate Tax Planning for Franchises

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

Trust and Estate Tax Returns (T3) for Franchises

Expert preparation of T3 returns to ensure compliance and minimize taxes for trusts and estates.

SR&ED Tax Credit Claims for Franchises

Maximize your R&D incentives with accurate Scientific Research & Experimental Development (SR&ED) claims.

US Business Tax Filing for Franchises

Reliable filing of US business taxes for cross-border compliance and peace of mind.

Resident Director (Nominee Director) Services for Franchises

Provide qualified nominee directors to meet local compliance requirements safely and professionally.

Business Plan Writing Services for Franchises

Craft professional business plans to secure funding and guide growth.

Incorporation Services for Franchises

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

Free Resource: 50 Deductible Expenses for Franchises

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

Case Studies

Multi-Unit Growth — Oakville

Problem: Expanding from 1 to 4 franchise locations, the owner missed key tax deductions and SR&ED/other startup credits across units.

Solution: Implemented proper bookkeeping, unit-level tax tracking, and consolidated tax planning.

Results:
✅ $40K+ in tax credits and deductions claimed
✅ Accurate, CRA-compliant filings across all locations
✅ Freed time to focus on growth and operations

Restaurant Franchise — Toronto

Problem: Rising food and labour costs weren’t captured properly for tax reporting, leading to higher taxable income.

Solution: Streamlined expense tracking, reviewed payroll and inventory costs for tax deductions, and optimized bookkeeping for CRA compliance.

Results:
✅ $25K+ in additional deductible expenses captured
✅ Lowered taxable income legally and accurately
✅ Clearer insight into margins for tax and planning

Retail Franchise — Mississauga

Problem: Multi-location retail franchise had inconsistent books, risking payroll, GST/HST, and corporate tax errors.

Solution: Standardized accounting system, reconciled GST/HST and payroll, and prepared audit-ready tax filings.

Results:
✅ Accurate, compliant T2, GST/HST, and payroll submissions
✅ Avoided penalties and audit risks
✅ Lender-ready financials with proper tax reporting

OUR SIMPLE PROCESS

Streamlined Approach for Franchise Accounting

We believe accounting should be straightforward and stress-free. That’s why we’ve built a simple process that makes it easy for franchisors and franchisees to stay on top of their numbers.

Here’s a simplified process approach:

Step 1

Free Consultation & Needs Assessment

We start with a one-on-one consultation to understand your franchise model, number of locations, and specific financial challenges. This helps us design a custom accounting plan for your business.

Step 2

Streamlined Setup & Onboarding

Our team sets up your bookkeeping system, connects your preferred accounting software (QuickBooks, Xero, or cloud-based tools), and ensures your financial data flows smoothly from day one.

Step 3

Ongoing Accounting & Compliance

We handle the heavy lifting—bookkeeping, payroll, royalty tracking, tax filings, and financial reporting—so you can focus on running your franchise, not balancing spreadsheets.

Step 4

Review, Reporting & Growth Planning

Each month or quarter, we provide clear financial reports and strategic insights. We highlight cash flow trends, profitability by location, and growth opportunities, helping you make confident business decisions.

Simplify Your Franchise’s Taxes Today

Transparent Pricing for Franchises

Affordable Packages for Franchise Accounting

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 Franchise 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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Franchise accounting services help franchise owners manage their finances, taxes, bookkeeping, and compliance requirements.
Gondaliya CPA provides corporate accountants in Toronto, Ontario, and across Canada to keep your franchise financially healthy and compliant.

Do you work with both franchisors and franchisees?

Yes, we provide accounting support for both. Whether you own a single franchise unit or manage multiple locations, we tailor our services to your needs.

How does franchise accounting differ from regular accounting?

Franchise accounting requires tracking royalties, franchise fees, multi-location financials, and strict compliance with franchisor agreements. Our expertise ensures accuracy and clarity in these areas.

Do you offer franchise consulting services?

Yes. Beyond accounting, we advise on financial planning, business strategy, and compliance to help franchise owners succeed.
Our corporate accountants provide actionable guidance tailored to your franchise model.

Do you handle bookkeeping for franchise owners?

es. We track revenue, expenses, payroll, and royalties, and provide detailed financial reports for easy decision-making.
Our team ensures your books are accurate and up-to-date, whether your franchise is in Toronto, Ontario, or elsewhere in Canada.

Can you help with tax preparation and planning for franchises?

Absolutely. We prepare and file taxes, claim eligible deductions, and provide tax strategies to minimize liabilities.
Gondaliya CPA ensures franchise owners stay compliant with CRA regulations while optimizing their tax position.

Can you help with multi-location franchises?

Yes. We manage accounting, payroll, and reporting for multiple locations, consolidating data to provide a clear overview of your franchise performance.
Gondaliya CPA supports franchises in Toronto, Ontario, and across Canada with scalable accounting solutions.

Can you help with past account cleanup for franchises?

Yes. We review historical records, correct discrepancies, and generate accurate financial statements.
Our team ensures past accounts are compliant and reliable for tax purposes and operational planning.

Can you help me plan for opening a new franchise location?

Absolutely. We provide financial forecasts, budgeting, and cash flow projections to help you make informed decisions before expanding.

How do I get started with franchise accounting services?

The first step is a consultation with our corporate accountants.
Contact Gondaliya CPA today to discuss your franchise’s accounting needs and receive personalized solutions for Toronto, Ontario, or anywhere in Canada.