Lawyers & Law Firms
Sole practitioners and small firms under LSO rules.
Who we help
Professional Services.
Firms that bill time and expertise — where WIP, trust rules and PSB risk live. Every niche below has dedicated pages for the things owners actually ask us about.
Engineering Firms
Consulting engineering firms with a PEO Certificate of Authorization.
Architecture Firms
OAA-certified practices billing by project phase.
IT Consultants & Developers
Incorporated contractors, developers and one-person tech corps.
Marketing & Creative Agencies
Digital, creative and media agencies on retainers and projects.
Paralegals
LSO-licensed paralegals — Small Claims, LTB, POA and tribunal practices.
Staffing & Recruitment Agencies
Temp staffing and permanent-placement agencies running heavy payroll.
Management Consultants
Independent consultants and boutique advisory firms.
Land Surveyors
OLS firms with an AOLS Certificate of Authorization.
“Your industry shapes your numbers. We know what to look for.”
Walla Assaf, CPA · Founder, Tauro Accounting
Common questions from professional services clients
05Should I incorporate my practice?
At higher income levels, incorporation provides significant tax deferral through the small business tax rate. Whether it makes sense depends on your income, expenses, and personal situation. We review your numbers and advise.
How should I pay myself from my corporation?
The optimal mix of salary and dividends depends on your personal tax bracket, RRSP room, CPP considerations, and family structure. We model different scenarios and recommend the approach that results in the lowest overall tax.
I'm bringing on a partner, how do we structure that?
There are several ways to structure a multi-owner firm, separate professional corporations, a partnership, or a shared corporate structure. Each has different tax and liability implications. We advise on the right approach based on your situation.
I have retained earnings in my corporation, what are my options?
Options include investing inside the corporation, paying down debt, distributing to shareholders through dividends, or planning for retirement. The right strategy depends on your goals and tax position. We review your situation and recommend the most efficient approach.
Can you handle the accounting for my entire firm?
Yes. We offer end-to-end accounting, or you can choose individual services based on what your firm needs. We scope the engagement around your requirements.
Let us see if we are the right fit.
A free 15-minute discovery call, no commitment. Walla replies within two business days, either way.
