Professional Service Consultants – Tax & Accounting Services

Strategy, IT, marketing, HR, engineering, and fractional executives – from first contract to incorporated consulting practice.

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Affordable Tax Accountant for Professional Service Consultants

Running a professional services firm, whether consulting, coaching, or advisory, comes with unique accounting and tax challenges. At Gondaliya CPA, we provide affordable accounting, bookkeeping, and corporate tax solutions specifically tailored for professional service consultants. Our experts ensure your finances stay accurate, organized, and CRA-compliant while saving you time to focus on your clients.

From sole proprietors to incorporated consulting firms, our team in Toronto and the GTA helps professional service consultants manage invoicing, GST/HST, payroll, and corporate tax filings efficiently. With Gondaliya CPA, you can reduce tax risks, optimize deductions, and confidently plan for your business growth.

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Accounting That Fits How You Consult

Our accounting services are designed specifically for consultants. We help you manage multiple clients, shifting projects, and uneven cash flow, while keeping track of business travel, home office expenses, technology, subcontractors, and personal spending. We also provide expert guidance on when to incorporate, how to pay yourself, and make strategic financial decisions, so you can focus on growing your consulting business with confidence.

Cash Flow Management

Stay on top of uneven income and multiple client payments.

Expense Tracking

Organize travel, home office, tech, and subcontractor costs effortlessly.

Incorporation Guidance

Know the right time to incorporate and structure your business.

Payroll & Payments

Pay yourself correctly while optimizing taxes and compliance.

Stay Compliant While Growing Your Business

GST/HST Compliance

Properly track taxable and exempt services.

Rental Income Reporting and Record Keeping

Ensure accurate source deductions and remittances.

Corporate Tax Returns (T2)

Filing for incorporated consultants with timely CRA submissions.

Why Professional Service Consultants Work with Gondaliya CPA

Expert Financial Guidance

Customized accounting solutions for consultants and freelancers.

Smart Cash Flow Solutions

Manage multiple clients, projects, and irregular income with ease.

Strategic Tax & Incorporation Advice

Optimize your business structure and tax planning.

Clear Expense Tracking

Effortlessly organize travel, home office, tech, and subcontractor costs.

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Tax & Accounting Services for Consultants

Corporate Tax Filing for Professional Service Consultants

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

Accounting & Bookkeeping for Professional Service Consultants

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

Corporate Tax Planning for Professional Service Consultants

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

Trust and Estate Tax Returns (T3) for Professional Service Consultants

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

SR&ED Tax Credit Claims for Professional Service Consultants

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

US Business Tax Filing for Professional Service Consultants

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

Resident Director (Nominee Director) Services for Professional Service Consultants

Provide qualified Nominee Director and Resident Director services to help companies meet compliance requirements.

Business Plan Writing Services for Professional Service Consultants

Craft professional business plans to secure funding and guide growth.

Incorporation Services for Professional Service Consultants

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

Free Resource: 50 Deductible Expenses for Professional Service Consultants

Comprehensive checklist of tax-deductible costs unique to Professional Service Consultants . PDF delivered instantly.

Case Studies

Toronto Management Consultant

Problem: Misclassified contractors and incorrect GST/HST reporting.
Solution: Corrected contractor classifications, set up proper GST/HST tracking.
Results:
✅ Reduced tax liabilities
✅ Simplified billing for clients
✅ CRA-compliant contractor reporting
✅ Clearer financial visibility

Mississauga Coaching Firm

Problem: Retainers and recurring revenue not properly recorded for tax purposes.
Solution: Implemented accrual tracking and monthly invoicing reconciliations.
Results:
✅ Accurate revenue recognition
✅ Easier tax filing
✅ Better cash flow management
✅ Time saved on bookkeeping tasks

Brampton Business Advisory

Problem: Payroll and expense reporting were inconsistent across multiple consultants.
Solution: Streamlined payroll, expense categorization, and monthly financial reports.
Results:
✅ CRA-compliant payroll and deductions
✅ Reduced audit risk
✅ Consolidated financial reporting
✅ Improved decision-making with accurate reports

OUR SIMPLE PROCESS

How Our Professional Service Consultants Accounting Process Works

We make managing your finances simple and stress-free. Our transparent process keeps you informed and investor-ready at every stage.

Here’s a simplified process approach:

Step 1

Initial Consultation

Understand business structure, revenue streams, and compliance needs.

Step 2

Bookkeeping Setup

Implement systems for accurate invoicing, expense tracking, and payroll.

Step 3

Tax Planning & Filing

Prepare T1/T2 returns, GST/HST filings, and optimize deductions.

Step 4

Ongoing Support

Continuous advisory for growth, audits, and strategic financial decisions.

Get personalized advice for your taxes.

Transparent Pricing

Affordable Pricing for Professional Service Consultants 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 Professional Service Consultants Tax Specialists

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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Incorporation depends on your revenue, liability exposure, and tax strategy. Incorporation can reduce personal tax, provide retirement planning options, and offer liability protection, but it comes with additional compliance requirements.

What expenses can I deduct as a professional service consultant?

You can deduct home office expenses, travel for clients, professional memberships, training costs, software subscriptions, and marketing expenses. Proper record-keeping is essential to substantiate these deductions.

How do I handle GST/HST as a consultant?

Consultants must charge GST/HST on taxable services if annual revenue exceeds the CRA threshold. Exempt services, like some educational consulting, may not require GST/HST. Our team helps categorize services correctly.

Can you help me plan taxes for multiple rental properties?

We provide full-service accounting including bookkeeping, financial reporting, payroll management, tax preparation, tax planning, CFO guidance, and incorporation support.

Can you help set up a real estate business or property management company?

Yes, but you must correctly classify independent contractors versus employees. Misclassification can lead to CRA penalties. We help streamline contractor payments and reporting.

How often should I update my books?

Monthly updates are ideal to track revenue, expenses, and GST/HST obligations. Regular reconciliation ensures accurate reporting and reduces last-minute stress at tax time.

Do you handle year-end corporate tax filings?

Absolutely. We prepare T2 corporate returns for incorporated consultants, ensure compliance with CRA deadlines, and maximize deductions and credits to reduce tax liability.

Can I claim home office expenses?

Yes, if you use a portion of your home exclusively for consulting. Our team calculates allowable expenses proportionally, including utilities, rent, and supplies.

How do I track multiple revenue streams?

We set up accounting systems to track retainers, hourly fees, workshops, and digital products separately, making tax filing and financial analysis easier.

How do I get started with Gondaliya CPA?

Getting started is simple! Just reach out via our contact form, phone, or schedule a free consultation. We’ll review your business needs and create a tailored plan for accounting, tax, and bookkeeping services to help you stay compliant and grow efficiently.