(437) 561-6272

CPA Quick Support — a licensed CPA on call from $99/month.

Get an instant quote
Who we help

Retail & Service.

Sellers and service businesses — inventory, platforms, chairs and contracts. Every niche below has dedicated pages for the things owners actually ask us about.

“Your industry shapes your numbers. We know what to look for.

Walla Assaf, CPA · Founder, Tauro Accounting

Common questions from retail & service clients

05
Should I incorporate my business?

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.

I have employees, what are my obligations?

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.

Some of my staff are booth renters or independent contractors, how does that work?

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.

My books are behind, can you catch me up?

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.

How should I be paying myself?

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.

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.

CPA Ontario
Client stories

Rated 5.0 on Google.

Instant quoteGet pricing in 2 minutes Call us(437) 561-6272