Small Business Bookkeeping, Legal Bookkeeping Newmarket

Remote Accounting and Bookkeeping Services Newmarket for Small Businesses, Clinics, Contractors and Professionals. Dependable Bookkeeping Services Newmarket That Lets You Focus on Your Business, Not the CRA

Whether you’re running a physiotherapy clinic on Davis Drive, managing a construction crew across York Region, or growing an eCommerce brand from your home office, keeping accurate, CRA-compliant books is critical to your success. At MAQ CPA accounting firm, we offer accounting and bookkeeping services Newmarket tailored for your business type, industry, and growth stage. Our licensed CPAs help you stay organized, reduce tax stress, and gain financial visibility. From HST filings and payroll to year-end-ready reports, we simplify your numbers so you can move forward with confidence.

Businesses We Help in Newmarket – Local, Tailored Bookkeeping Services

[A] Newmarket Small Business Owners

Small business owners in Newmarket juggle everything—from customer service to staffing, billing, and beyond. Bookkeeping often becomes a last-minute scramble—but that’s where costly errors happen.

We offer monthly bookkeeping, GST/HST filing, payroll processing, account reconciliation, and straightforward financial reporting for retail stores, consultants, service providers, and home-based businesses.

FAQs – Newmarket bookkeepers for Small Businesses

1. Do I need professional bookkeeping if I’m using QuickBooks?

QuickBooks is a tool, not a strategy. We ensure it’s set up correctly and maintained accurately for CRA readiness.

2. Are home office expenses deductible?

Yes—if you have a dedicated workspace. We’ll help calculate and record the appropriate percentage.

3. Do you offer payroll for businesses with just 1–2 employees?

Yes—our payroll solutions are scalable and include WSIB, source deductions, and year-end T4s.

4. What happens if I miss an HST filing?

The CRA may charge penalties and interest. We manage filings for you and send reminders to stay ahead of deadlines.

5. Do you help sole proprietors and corporations?

Yes—whether you’re self-employed or incorporated, we tailor our bookkeeping to fit your structure.

Solo lawyers and boutique law firms in Newmarket must maintain Law Society of Ontario-compliant trust accounting, in addition to managing client billing and business expenses. Even minor errors in trust records can trigger compliance issues.

We provide trust account bookkeeping, general ledger maintenance, Cosmolex / Clio / PCLaw integrations, and full audit support for legal professionals.

1. Do you handle monthly trust reconciliations?

Yes—we manage monthly reconciliations per LSO requirements, complete with trust ledgers and supporting reports.

2. What if I’m behind on trust accounting?

We offer cleanup bookkeeping services and bring your records current, helping prepare for potential audits.

Yes—Cosmolex, Clio, PCLaw, and similar platforms integrate with our bookkeeping systems.

4. Do you separate trust and general account records?

Absolutely. We ensure clear, compliant separation between all accounts.

5. Will you help me prepare LSO annual filings?

Yes—we compile and submit required documentation to help maintain your good standing.

[C] Healthcare Providers and Clinics in Newmarket

Newmarket’s medical professionals—including physicians, dentists, and physiotherapists—often operate through Medical Professional Corporations (MPCs). These professionals require CRA-compliant, precise bookkeeping to track OHIP income, clinic expenses, and staff payroll.

We handle MPC bookkeeping, OHIP deposit tracking, HST categorization, payroll for clinic staff, and capital expense tracking.

FAQs – Newmarket Bookkeepers and Bookkeeping Services for Healthcare Professionals

1. Do I charge HST on services in my practice?

Most medical services are HST-exempt, but wellness and cosmetic procedures may not be. We help you track both.

2. Can I deduct professional dues and licensing fees?

Yes—those are standard deductions for incorporated professionals.

3. Do you help with clinic payroll?

Yes—we manage everything from source deductions to WSIB and year-end slips.

4. Can you reconcile OHIP income to deposits?

Absolutely. We verify remittances against your bank and flag any discrepancies.

5. What about depreciation for equipment like exam chairs or scanners?

We track capital assets and apply the correct Capital Cost Allowance (CCA) rules to claim depreciation.

[D] Chiropractors, Optometrists, Dentists, and Pharmacies

Running a regulated health clinic in Newmarket means managing inventory, large equipment purchases, associate compensation, and strict documentation. We handle the accounting details so you can focus on patient care.

Our services include inventory tracking, expense allocation by provider, equipment depreciation, product sales accounting, and regulatory audit support.

FAQs – Newmarket Bookkeepers and Bookkeeping Services for Dentists / Health Clinics

1. Do you support associate pay splits and invoicing?

Yes—we break down revenue and expenses by associate and manage custom compensation structures.

2. How are product sales handled for HST?

We separate HST-exempt (e.g., prescriptions) from taxable items like eyewear or supplements.

3. What if I operate more than one clinic?

We manage multi-location bookkeeping and provide consolidated financial reporting.

4. Do you provide financials for loan applications for equipment or expansion?

We provide CPA-prepared financial statements with a compilation engagement report.

[E] Contractors, eCommerce, Startups, Franchisees & Auto Services

Newmarket is home to many dynamic small businesses across trades and tech. We serve:

  • Contractors & Builders: Job costing, T5018 slips, WSIB filing
  • eCommerce Sellers: Shopify/Amazon accounting, multi-channel sales reconciliation, HST by province
  • Startups: Incorporation setup, investor-ready bookkeeping and reporting
  • Auto Repair & Dealerships: HST on vehicle sales, service income, inventory accounting

What’s Included in MAQ CPA’s Newmarket Bookkeeping and Accounting Services

  • Customized monthly or quarterly bookkeeping
  • GST/HST filing and reconciliation
  • Payroll services (Wagepoint, direct deposit, T4s, ROEs)
  • WSIB and source deduction remittances
  • Year-end financial statement preparation
  • Software integration (QuickBooks, Xero, Cosmolex, Clio, PCLaw)
  • T4, T5, T5018 slip preparation
  • Capital asset management and depreciation (CCA)
  • CRA audit support and documentation
  • Catch-up bookkeeping for overdue records
  • Corporate and personal tax coordination

CRA Compliance – Handled the Right Way, Every Time

Keeping clean books means staying on the right side of the CRA—and our entire bookkeeping process is built around that.

CRA Guidelines We Follow:

  • Maintain records for at least 6 years
  • Correctly classify HST collected and paid
  • Issue T-slips on time (T4, T5, T5018)
  • Separate personal and business expenses
  • Track capital assets for proper depreciation

CRA Guide: Keeping Records

Why It Matters:

  • Avoid penalties, interest, and reassessments
  • Claim all eligible deductions
  • Improve loan approval chances
  • Reduce audit stress
  • Understand your true financial position

How MAQ CPA Helps You Stay Compliant:

  • Real-time reconciliation
  • CRA filing calendar with built-in reminders
  • Cloud-based documentation
  • CPA oversight and periodic review
  • Representing you in CRA correspondence, if needed

Why Newmarket Businesses Choose MAQ CPA

✔ Licensed CPAs with 10+ years of experience

✔ Deep knowledge of healthcare, trades, legal, and online business sectors

✔ Cloud-based tools for remote or local access

✔ Clear communication and year round support

✔ One-stop shop for bookkeeping, payroll, year-end, and taxes

✔ Fast onboarding (7–14 business days)

✔ CRA-compliant and industry-aligned processes

✔ Transparent pricing—no hidden surprises

FAQs – Newmarket Bookkeeping Services

1. What do your bookkeeping packages cost?

Monthly plans begin at $300, with pricing increases based on transaction volume, service level and business complexity.

2. Can you help if I’m behind on my books?

Yes—catch-up bookkeeping is one of our specialties. We’ll get you current and CRA-ready.

3. Do you offer services virtually?

Yes—our cloud-based model is secure, efficient, and available from anywhere. In-person meetings are also available by request.

4. Will you handle HST and payroll for my small business?

Yes—we file HST returns, manage payroll, and handle all remittances on your behalf.

5. Can you also do my corporate or personal taxes?

Absolutely. Our bookkeeping services integrate with our tax services for seamless year-end filings.

Bookkeeping That Helps You Build, Not Just File

In Newmarket, business is booming—but the paperwork doesn’t do itself. With MAQ CPA, you’ll get CRA-compliant, reliable bookkeeping and accounting services in Newmarket tailored to your industry and growth stage. No confusion. No chaos. Just clarity and confidence in your numbers.

We serve businesses across Newmarket, York Region, and the GTHA. Let’s take the pressure off your books—starting now.

Book Your Consultation Today!

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