Industries›Retail & Service-Based Businesses

Accounting for retail and service-based businesses.

Full accounting, tax planning, and advisory services for retail and service-based businesses.

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Sound Familiar?

Common challenges we see with retail and service businesses

You're busy running your business and your bookkeeping is always behind

You have staff but payroll, source deductions, and T4s are stressful to manage

You're not sure if you're pricing your services or products to actually be profitable

You collect HST but aren't confident your remittances are right

You have no clear picture of how your business is doing financially until year-end

You're paying yourself but don't know if the way you're doing it is the most tax-efficient

What We Do for Retail & Service Businesses

End-to-End Accounting

Complete accounting management for your business, from bookkeeping and payroll to tax filing and financial reporting.

Payroll & Source Deductions

Employee payroll, CRA remittances, T4 preparation, and ROE filings.

HST Filing

HST returns prepared and filed on a quarterly or annual basis.

Inventory Reporting

Recommending inventory management systems and handling monthly or year-end inventory adjustments in your books.

Corporate Tax Filing

T2 corporate returns for incorporated businesses.

Personal Tax Filing

T1 returns for sole proprietors and business owners.

Tax Planning

Salary vs. dividends, shareholder remuneration, and strategies to reduce your overall tax.

Incorporation

Setting up your corporation if you're ready to incorporate, including articles, bylaws, and minute book.

Business Financing

Financial documentation and lender coordination for business loans, equipment financing, or expansion capital.

How It Works

Getting started

Book a consultation

Tell us about your business and how we can support you.

We review and quote

We assess your situation and provide a clear scope and price.

We handle the work

We execute and deliver.

FAQs

Common questions

Once your business income reaches a certain level, incorporation can provide significant tax savings through the small business tax rate and income deferral. We review your numbers and advise on whether it makes sense for your situation.

As an employer you're responsible for calculating and remitting source deductions (CPP, EI, income tax) to the CRA, issuing T4s at year-end, and filing ROEs when employees leave. We handle all of this as part of your payroll engagement.

Booth renters and independent contractors are responsible for their own taxes. You don't withhold source deductions for them, but how the arrangement is structured matters for CRA purposes. We make sure your setup is compliant.

Yes. We do catch-up bookkeeping regularly. We organize your records, reconcile your accounts, and get everything current, then keep it that way going forward if you want ongoing support.

If you're incorporated, the right mix of salary and dividends depends on your personal tax situation, RRSP room, and family structure. If you're a sole proprietor, your business income flows directly to your personal return. Either way, we advise on the most tax-efficient approach.

Other Industries

We take care of the accounting so you can focus on what you do best.

Book a consultation to discuss your situation and how we can support you.