Small Business Bookkeepers, Legal Bookkeepers Etobicoke

Online Bookkeeping Services Etobicoke for Professionals, Small Businesses, and Corporations

Etobicoke is home to a wide range of thriving industries—everything from dental practices on The Queensway to logistics businesses near the Gardiner, and family-owned stores across Kipling and Rexdale. With the day-to-day hustle of running a business, it’s easy to fall behind on your books—and that’s where mistakes, CRA issues, or cash flow problems can creep in. At MAQ CPA bookkeeping and accounting firm, our bookkeepers for small business and lawyers deliver accounting and bookkeeping services Etobicoke that go beyond data entry. Our CPAs provide industry-specific financial support for small business owners, medical professionals, startups, and contractors. We keep your records accurate, your filings on time, and your books audit-ready—without the headaches.

Industry-Specific Bookkeeping Services for Etobicoke Small Businesses, Lawyers, Medical Clinics, MPCs, HPCs

[A] Etobicoke’s Small Business Sector

From local contractors and retailers to consultants and food entrepreneurs, small businesses are the backbone of Etobicoke’s economy. But without up-to-date books, even profitable businesses can hit tax trouble or make uninformed decisions.

We offer cloud-based bookkeeping, HST filing, payroll, and bank reconciliations tailored to the unique needs of Etobicoke’s entrepreneurs and incorporated businesses.

FAQs – Etobicoke Bookkeepers and Bookkeeping Services for Small Businesses

1. What kind of bookkeeping services do I need as a sole proprietor?

At a minimum: expense tracking, income categorization, and HST reporting. We scale with your needs.

2. Can I claim mileage if I use my vehicle for business?

Yes—with a proper mileage log and a breakdown between personal and business use.

3. What if I haven’t filed my HST returns for the past year?

We provide catch-up bookkeeping services, file overdue tax returns, and communicate with the CRA on your behalf.

4. Can you help with payroll setup and CRA remittances?

Yes—we manage pay runs, source deductions, T4s, and direct deposit using tools like Wagepoint or QuickBooks Online.

5. Do I need separate accounts for business expenses?

Absolutely. This helps with clean records, audit protection, and proper tax filing.

Legal professionals are held to high standards when it comes to trust accounting, client ledger maintenance, and Law Society compliance. Whether you’re a sole practitioner or growing firm, we provide end-to-end trust bookkeeping, reconciliations, and general accounting support.

1. I use Cosmolex. Can you work on Cosmolex?

Definitely—we’re Cosmolex’s accounting partner and have been working on it for some of our clients.

2. Do I need to file anything with the LSO annually?

Yes—LSO requires annual filings with reconciliations and supporting financial documents. We prepare those for you.

3. What if my trust reconciliation is overdue?

We offer reconciliation catch-up and can guide you through an LSO audit, if needed.

4. Can you manage both trust and business accounts?

Yes—we handle both sides while maintaining strict separation and compliance.

[C] Healthcare & Medical Professionals in Etobicoke

In Etobicoke, healthcare is a key sector—from dental and optometry clinics to family doctors and physiotherapists. Whether you’re running a Medical Professional Corporation (MPC) or are self-employed, we ensure your books are accurate, compliant, and ready for both CRA and practice growth.

We handle OHIP deposit tracking, non-insured HST reporting, clinic payroll, and corporate bookkeeping for incorporated practices.

FAQs – Etobicoke Bookkeepers and Bookkeeping Services for Healthcare Businesses

1. Should I incorporate my practice?

Many doctors and health professionals benefit from incorporating for tax planning and income splitting (within CRA rules). We help you assess this.

2. Do you track insured vs. non-insured income separately?

Yes—we ensure HST is only applied to applicable services and that income streams are clearly divided.

3. What’s included in bookkeeping for a clinic?

Bank and credit card reconciliations, payroll, HST returns, equipment tracking, and monthly financial reporting.

4. Can I claim licensing fees and continuing education?

Yes—professional development and regulatory fees are eligible business deductions.

5. Do you help with clinic employee payroll?

Absolutely. We manage salary, benefits, source deductions, WSIB filings, and T4s.

[D] Dentists, Optometrists, Chiropractors & Pharmacies

Regulated health professionals face unique challenges around equipment depreciation, supply inventory, associate compensation, and CRA scrutiny. We specialize in helping clinics and practice owners meet all documentation and financial reporting requirements.

FAQs – Etobicoke Bookkeepers and Bookkeeping Services for Regulated Professionals

1. Can you handle multiple associates in one clinic?

Yes—we can track income/expenses by associate or department and provide custom reports.

2. How do I claim major dental equipment purchases?

We set up capital asset accounts and calculate CCA based on CRA’s guidelines.

3. Do pharmacy product sales require special treatment?

Yes—we separate prescription income (HST exempt) from over-the-counter and taxable sales.

4. Will you help prepare statements for banks or lease applications?

Yes—we offer CPA-signed compilation engagement reports along with financial statements and tax summaries.

5. What’s the process if I expand to a second location?

We help set up new books, allocate costs, and consolidate reports for your entire operation.

[E] Franchisees, eCommerce, Startups, Auto Shops, Trades & More

MAQ CPA bookkeeping and accounting firm also serves a wide range of Etobicoke small businesses:

  • Franchisees: Royalty and advertisement fee tracking, standardized expense coding
  • eCommerce & Online Sellers: Shopify/Amazon sales tracking, HST across provinces
  • Startups: SR&ED tax return preparation based on your SR&ED consultants’ provided schedules
  • Auto Sales & Repairs: Trade-in HST adjustments, part inventory, mechanic payroll
  • Construction & Landscaping: Job costing, subcontractor payments (T5018s)
  • Gyms & Wellness Centres: Membership revenue, instructor payroll, POS integration

MAQ CPA Bookkeeping and Accounting Services – What You Get

  • Monthly/Quarterly Bookkeeping
  • GST/HST Filing
  • Payroll Setup & Management
  • WSIB & Source Deduction Remittances
  • Custom Chart of Accounts
  • Accounting Software Setup (QuickBooks, Xero, Cosmolex, Wagepoint, etc.)
  • Capital Asset Tracking & Depreciation (CCA)
  • T4, T5, T5018 Preparation
  • Year-End Adjustments & Financial Statement Preparation
  • CRA Audit Support
  • Corporate and Personal Tax Integration

CRA Compliance – Built Into Everything We Do

We don’t just “keep your books”—we align them with CRA rules and audit standards from day one. Whether you’re incorporated, self-employed, or running a clinic, your compliance risk drops drastically with clean, consistent records.

Key CRA Guidelines We Follow:

  • Maintain business records for 6+ years
  • Proper GST/HST application and documentation
  • Clear separation of business/personal transactions
  • Payroll compliance: source deductions, ROEs, and T4s
  • Accurate tracking of capital vs. current expenses

Learn more from CRA: Keeping Records

What Happens Without Proper Bookkeeping?

  • CRA audits and reassessments
  • Disallowed expenses and denied HST input credits
  • Late fees and interest
  • Inaccurate income statements affecting credit and growth

What We Do to Protect You:

  • Proactive reconciliation and review
  • Deadline monitoring and filing reminders
  • Audit-ready documentation
  • Year-round guidance—not just at tax time

Why Etobicoke Clients Trust MAQ CPA Accounting Firm

✔️ Licensed CPAs with years of experience in serving clients in GTHA

✔️ Customized bookkeeping for small businesses, professionals, trades, clinics, and franchisees

✔️ Friendly, responsive team support

✔️ Secure, cloud-based workflows for paperless convenience

✔️ CRA-compliant, up-to-date practices

✔️ Clear pricing, no hidden fees

✔️ Personal service from real humans—not automated bots

FAQs – Etobicoke Bookkeeping & Accounting Services

1. How much do your bookkeeping services cost?

Plans start at $300/month, increasing based on volume and complexity. We’ll give you a tailored quote after a free consultation.

2. Can I meet with your team in person in Etobicoke?

Yes—we offer virtual service by default but are happy to meet in person.

3. Do you help new businesses with setup?

Absolutely. We assist with business incorporating, CRA registration, HST setup, payroll setup, and accounting software implementation.

4. I’m behind on my bookkeeping—can you catch me up?

Yes! We specialize in catch-up bookkeeping and cleanup services to get your records current, clean, and CRA-ready.

5. Do you file my corporate and personal taxes as well?

Yes—our accounting packages integrate seamlessly with your T2 corporate tax and T1 returns.

MAQ CPA’s Bookkeeping Services and Small Business Bookkeepers You Can Count On in Etobicoke

Messy books? Missed HST filings? Unsure what’s deductible? Don’t wait for a CRA letter to take control. At MAQ CPA bookkeeping firm Etobicoke, we provide bookkeeping and accounting services in Etobicoke that are built around you—your business, your goals, and your peace of mind.

Let’s organize your numbers, simplify your filings, and support your growth.

Talk to a real CPA about your books. No pressure. No jargon. Just answers—and a clear plan forward.

Book a Consultation Today!

📞 Call: 416-901-4126
📧 Email: info@maqcpa.ca