Accounting & Tax Services for Small Businesses
Helping Canadian small businesses with bookkeeping, corporate tax, HST, payroll and year-round tax planning — so you can focus on growth.
AFFORDABLE Accounting & Tax Services for Small Businesses
Most small business owners juggle a bookkeeper, a tax preparer and a payroll service that never talk to each other. The result is missed deductions, surprise tax bills and hours you should be spending on your business. We do it all under one roof: monthly bookkeeping, corporate tax (T2), HST filing, payroll and year-round tax planning, delivered by a Registered CPA who actually knows your numbers.
Because your books, tax and payroll live in one place, nothing falls through the cracks. Your small business accountant optimizes your tax planning using the same reconciled data that drives your monthly reports. We serve small businesses across Ontario and Canada. AFFORDABLE flat fees. No hourly billing.
Our Official Partners
Accounting & Tax Service That Understands Your Business
Small business is all we do. From your first invoice to your year-end T2, we handle the numbers so you can focus on running and growing your business. One team keeps your books accurate, your filings on time and your tax as low as the rules allow, with clear fixed fees and no surprises.
Stay Compliant and Minimize Your Small Business Tax
Compliance and tax savings go hand in hand. We keep every CRA obligation on schedule while applying every deduction and planning tool available to your corporation.
Accounting & Tax Experts for Small Business
- AFFORDABLE + Fully Registered CPA Firm
- Business and Corporate Tax Expert
- Small & Medium Business Expert
- Accounting, bookkeeping, and tax filing
- Certified CPA
- 1300+ 5-stars Google reviews
- 30-Day Money-Back Guarantee
- 60-Day Fees Matching Policy
Why Choose Our Tax and Accounting Service for Small Business
Small Business Expertise
Small business is all we do. From startups to established corporations, we know the CRA rules, the small business deduction and the tax strategies that matter most to owner-operated businesses across Ontario.
Full-Service Firm
Bookkeeping, corporate tax, HST, payroll and advisory all live under one roof, on one system. You get a single point of contact and joined-up advice for your small business, so nothing falls through the cracks between separate providers.
Fixed-Fee, AFFORDABLE Pricing
Every service is an AFFORDABLE flat fee, quoted before we start. No hourly billing and no surprises for your small business, all backed by our 30-Day Money-Back Guarantee and 60-Day Fees-Matching Policy.
Trusted by 1300+ Clients
We are one of Canada’s most AFFORDABLE CPA firms, trusted by more than 1,300 small business owners. Clients stay because we keep their books clean, their filings on time and their corporate tax bills as low as possible.
Google Reviews
Corporate Clients
Small Businesses Tax and Accounting Services in Ontario
Corporate Tax Filing for Small Businesses
Professional Corporate tax preparation and return filing, ensuring accuracy and CRA compliance.
Accounting & Bookkeeping for Small Businesses
Reliable bookkeeping and accounting with financial statements, records, and reporting.
Corporate Tax Planning for Small Businesses
Smart Corporate tax planning to optimize savings, reduce liabilities, and maintain compliance.
Catch-Up Corporate Tax Filing for Small Businesses
File overdue corporate tax returns, clean up missing records, and get your business back into CRA compliance with accurate, stress-free catch-up filing support.
GST/HST Filing for Small Businesses
Affordable GST/HST filing to help your business stay compliant, maximize input tax credits, and avoid CRA penalties.
Corporate Tax Cleanup for Small Businesses
Resolve past corporate tax issues and bring your filings fully compliant and up to date.
CRA Audit Resolution Services for Small Businesses
Expert support to handle Canada Revenue Agency audits, disputes, and negotiations with confidence.
CPA Compilation Report (Notice to Reader) for Small Businesses
Deliver clear CPA Compilation Reports (Notice to Reader) for reliable financial insights.
Incorporation Services for Small Businesses
Incorporation services in Toronto for smooth business formation, entity setup, and start-up support.
Accounting & Tax Services Tailored for Small Businesses
Each service, explained in full, so you know exactly what is included and how it keeps your business compliant and your tax as low as the rules allow.
- We file your equipment, computers and vehicles under the correct CCA classes (Class 8, 10 and 50) on separate pools of your small business T2 corporate tax return to maximize depreciation deductions each fiscal year.
- We reconcile subcontractor and associate payments against T4A slips before filing your corporate tax return, so CRA matching does not flag discrepancies between what your business reported and what each contractor received.
- We apply the Accelerated Investment Incentive on new equipment and machinery purchases on Schedule 8, claiming an enhanced first-year CCA write-off to reduce the corporate tax your small business owes in the year of acquisition.
- We map software subscriptions, licence fees and technology costs to the correct GIFI codes on your T2 return so CRA’s automated matching system does not flag your small business expenses for review.
- We apply the small business deduction, loss carryforwards and every eligible credit on your T2 return so your corporation pays the lowest legal tax rate and stays fully CRA-compliant.
- We reconcile sales and collections from your POS or invoicing system against bank deposits every month, so no revenue goes unrecorded in your small business bookkeeping — a mismatch between sales reports and bank records is a common CRA audit trigger.
- We track supplier and vendor invoices against purchase orders in your accounts payable, ensuring expenses in your bookkeeping tie to real transactions and nothing is double-entered or missed at month-end.
- We set up separate revenue accounts in your chart of accounts for each income stream — product sales, service fees, retainers and online payments — so every stream reconciles independently in QuickBooks or Xero each month.
- We categorize consumable supplies separately from capital equipment purchases in your bookkeeping, so your small business overhead reporting is accurate and CCA claims are not inflated on day-to-day supplies.
- We configure your accounting in Xero or QuickBooks Online to track departments or product lines as separate cost centres, giving you clear visibility on profitability without manual spreadsheet tracking.
- We structure family members as non-voting shareholders in your corporation so you can multiply access to the $1.25M Lifetime Capital Gains Exemption on a future business sale through proactive tax planning.
- We model salary-versus-dividend splits for owner-managers based on your corporation’s active income, targeting the $500,000 small business deduction threshold while maximizing personal RRSP contribution room and CPP planning.
- We time major equipment purchases and leasehold buildouts before your corporation’s fiscal year-end to trigger Accelerated CCA as part of your annual small business tax planning strategy.
- Our corporate tax planning includes annual passive investment income monitoring to keep your business below the $50,000 threshold that claws back the small business deduction, preserving the 12.2% combined rate on active income.
- For owners with more than one company, we plan intercorporate management fees and holding-company structures, ensuring the fees are at fair market value and deductible without CRA challenge.
- If your corporation has two or more years of unfiled T2 returns, CRA can revoke your business number and issue arbitrary assessments — we file all outstanding catch-up corporate tax returns and negotiate penalty relief.
- We reconstruct missing revenue from invoices, merchant statements and bank deposits when your catch-up corporate tax filing requires financial statements for years where bookkeeping was never completed.
- Late corporate tax filing penalties compound at 5% plus 1% per month on unpaid tax — our catch-up filing service prioritizes the oldest year first to stop this accumulation and restore your small business to CRA compliance.
- For businesses that fell behind during growth or an ownership change, we rebuild sales and expense data from QuickBooks or Xero exports to prepare accurate catch-up T2 returns for every unfiled year.
- We review unfiled periods for missed CCA deductions on equipment and leasehold improvements, so your catch-up returns claim every legitimate deduction instead of just reporting income and paying maximum tax.
- We determine whether each of your products and services is taxable, zero-rated or exempt under the Excise Tax Act and separate them on your GST/HST return to avoid CRA reassessments on mixed-supply revenue.
- We claim input tax credits (ITCs) on taxable business overhead — supplies, software subscriptions, professional fees and equipment maintenance — that many small businesses miss on their GST/HST return each period.
- We compare the Quick Method against the regular method on your HST return, choosing the option that minimizes what your small business remits and puts more cash back into the business.
- For businesses near the $30,000 small-supplier threshold, we monitor taxable revenue to determine the exact quarter you must register for GST/HST, preventing a retroactive CRA assessment of uncollected tax.
- We allocate ITCs proportionally between taxable and exempt revenue on your GST/HST return using CRA’s prescribed methods, so you recover the maximum credit without overclaiming on mixed-use expenses.
- We correct misclassified CCA pools where previous accountants lumped different asset classes together, recovering years of lost depreciation deductions on your small business corporate tax cleanup.
- Our corporate tax cleanup reconciles historical sales against T2 reported revenue for each prior year, identifying discrepancies that could trigger CRA matching reviews and correcting them through amended returns.
- Where owner and contractor payments were inconsistently reported as salary versus contractor fees, we reclassify and amend T4 and T4A slips as part of your corporate tax cleanup to match CRA records.
- We rebuild the shareholder loan account on Schedule 50 where owner draws, personal expenses and reimbursements were never separated, preventing ITA subsection 15(2) taxable-benefit income inclusions during cleanup.
- Our cleanup fixes retained earnings carryforward errors on Schedule 100 caused by changing accountants, ensuring your balance sheet matches the actual equity position for lenders and financing reviews.
- Small businesses face frequent CRA audits on contractor classification — we defend your T4A independent-contractor treatment using proper engagement agreements and control-test documentation for CRA audit resolution.
- When CRA questions revenue discrepancies between your T2 return and third-party data, we reconcile every statement and prepare a documented response as part of your small business CRA audit resolution.
- We respond to CRA payroll record requests by presenting PD7A reconciliations, T4 summaries and remittance documentation in an organized audit package that demonstrates full payroll compliance.
- For businesses flagged on HST treatment, we prepare CRA audit resolution submissions showing the proper split between exempt and taxable revenue using your sales and accounting records.
- We submit RC4288 Taxpayer Relief requests as part of CRA audit resolution when penalties resulted from a previous accountant’s errors, documenting the circumstances to maximize penalty cancellation.
- We prepare CSRS 4200 compilation engagement financial statements for your small business corporation that banks and lenders require — a CPA-compiled Notice to Reader carries more weight than internally prepared statements and is often mandatory for business loans, equipment financing and acquisitions.
- Your Notice to Reader includes a compiled balance sheet showing receivables, equipment at net book value, leasehold improvements, shareholder loan balances and retained earnings, giving lenders an accurate snapshot of your small business’s financial position.
- We compile your income statement with sales revenue, cost of goods sold, payroll and operating expenses classified under the correct GIFI codes, so the Notice to Reader financial statements match your T2 return exactly and satisfy lender requirements.
- We prepare the CPA compilation report with the required CSRS 4200 communication disclosing that no audit or review was performed, plus notes covering revenue recognition, related-party transactions and shareholder loan terms.
- We deliver your Notice to Reader within 30 days of receiving your year-end trial balance, so you never lose access to a credit line or delay a financing close because CPA-compiled statements were late.
- We handle the full incorporation process for your Ontario or federal small business, including the NUANS name search, articles of incorporation and initial registrations, so you can start billing through the corporation quickly.
- We design a multi-class share structure at incorporation — voting shares for the owner, non-voting shares for family members — to support future income splitting and estate planning without a costly articles amendment later.
- As part of incorporation, we register your corporation for a CRA Business Number, GST/HST account and payroll account so your small business is CRA-compliant from the first day of operations.
- We prepare the opening balance sheet and minute book for your corporation, including director resolutions, share certificates and the shareholder register, so your corporate records are complete and compliant.
- For owners moving from a sole proprietorship, we coordinate the ITA section 85 rollover of business assets — equipment, goodwill and inventory — into the new corporation at elected amounts to defer capital gains and recapture.
Small Business Tax & Compliance Check
Six quick questions on your corporation’s books, tax and year-end setup. No fee shown.
1. Is your business incorporated as a CCPC (Canadian-Controlled Private Corporation)?
2. Are your books reconciled and up to date in QuickBooks or Xero?
3. Do you pay yourself or your team through payroll (T4) or contractors (T4A)?
4. Is your active business income near or above $500,000 (the small business deduction limit)?
5. Did you buy, or plan to buy, major equipment this year?
6. Do you pay dividends or salary to family members from the corporation?
Free CPA Consultation for Small Business
Case Studies: Small Business Accounting & Tax
Mississauga Dental Practice – Tax Optimization
Problem: High corporate taxes and inconsistent bookkeeping created financial stress for the practice.
Solution: Implemented full-service bookkeeping with Xero, professional corporation setup, and proactive tax planning.
Results:
- Saved $22K/year in taxes
- Reduced monthly bookkeeping time by 10 hours
- Prepared clean, audit-ready CRA filings
Toronto IT Consulting Corp – Owner Compensation
Problem: A solo consultant paid all income as salary, claimed no CCA, and overpaid corporate tax every year.
Solution: Set up monthly QuickBooks bookkeeping, restructured to an optimized salary-dividend mix, and claimed CCA on equipment.
Results:
- Saved $8,200/year in taxes
- Created $21,600 in new RRSP room
- Books kept current and CRA-compliant every month
Vaughan Marketing Agency – Small Business Deduction Planning
Problem: A growing agency was approaching the $500K small business deduction limit with no year-end tax plan.
Solution: Added monthly bookkeeping and payroll, then declared a year-end bonus to keep active income under $500K.
Results:
- Kept income taxed at 12.2% instead of 26.5%
- Saved $5,005 in corporate tax
- Full-service books, payroll and T2 under one firm
We make managing your small business finances simple and stress-free. Our transparent process keeps you informed and compliant at every stage.
Free Consultation
We start with a no-obligation consultation to understand your business, financial needs, and growth goals.
Accounting Setup
From bookkeeping systems to cloud-based tools, we set up your accounting infrastructure for accuracy, efficiency, and scalability.
Monthly Bookkeeping & Reporting
We handle day-to-day bookkeeping, reconcile accounts, and deliver clear, easy-to-read reports so you always know where your business stands.
Tax Compliance & Filing
Stay compliant with CRA requirements—GST/HST, payroll, and corporate taxes—while avoiding penalties and surprises.
Get Your Small Business Tax-Ready Today
Affordable Pricing for Small Businesses
We believe in clear, upfront pricing so you know exactly what to expect — see our Pricing Transparency Promise.
- 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)
Meet Your Small Business Accounting & Tax Team
What Our Clients Say
1300+ five-star reviews from business owners across Ontario and Canada.
Supporting Small Businesses Across Ontario
We serve small businesses across Ontario, providing flexible hybrid accounting solutions—whether you prefer in-person guidance, remote support, or a combination of both. Our services keep your financial records accurate, CRA-compliant, and investor-ready, so you can make confident business decisions while reducing stress. We proudly support small businesses in Toronto, Mississauga, Brampton, North York, Etobicoke, Scarborough, Vaughan, Markham, Richmond Hill, and Ottawa. No matter where your business is located, we bring the expertise and tools to simplify your bookkeeping, payroll, tax planning, and financial reporting.
Toronto (ON)
55 Queen St E Ste 1205, Toronto, ON M5C 1R6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
2100 Camilla Rd #716, Mississauga, ON L5A 2J8
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Small Business Accounting & Tax FAQs
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Small Business Accounting & Tax Done Right.
Bookkeeping, HST, payroll, T2 and year-round planning under one roof. AFFORDABLE flat fees, no hourly billing. Registered CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.