Small Business Bookkeepers, Legal Bookkeepers North York

Online Bookkeeping Services North York for Professionals Corporations, Medical & Health Clinics, Lawyers & Law Firms, Small Business Owners

Whether you’re a dentist near Sheppard-Yonge, a construction contractor in Downsview, or a founder scaling a tech startup out of your condo office in Willowdale, staying on top of your books is non-negotiable. CRA deadlines don’t wait, and neither should your financial decisions. North York Bookkeepers specialize in accounting and bookkeeping services North York that meet the needs of today’s small businesses, incorporated professionals, and growing ecommerce businesses. MAQ CPA’s bookkeeping services North York are CPA-led, CRA-compliant, and built around industry knowledge, precision, and cloud-based efficiency.

Cloud Bookkeeping for North York’s Small Businesses

[A] North York Bookkeepers for Small Businesses & Freelancers

North York’s business community includes a blend of retail stores, food service operations, consultants, and tech-savvy freelancers. Many start out managing their own books—until they realize they’re spending more time in spreadsheets than on their actual work.

We provide online bookkeeping, monthly reconciliation, HST filing, payroll processing, and on-demand financial insights that allow entrepreneurs to focus on what they do best.

FAQs – Bookkeeping Services for Small Business Owners

1. Is monthly bookkeeping necessary if I only invoice a few clients?

Yes—even small operations benefit from organized, consistent records. It protects you during audits and saves time at year-end.

2. Can I expense my home office in North York?

Absolutely—if you have a dedicated workspace. We’ll help you calculate a reasonable business-use percentage.

3. How do I track income from multiple sources (e.g. consulting + Shopify)?

We can create a chart of accounts that tracks all revenue streams separately for clear visibility.

4. What’s the best bookkeeping software for North York small business owners?

We recommend QuickBooks Online or Xero—both work well for small businesses and professionals.

5. Can you support my business even if it’s mostly cash-based?

Yes—we can help build a paper trail, reconcile deposits, and structure your books to withstand CRA review.

From solo practitioners to boutique law firms, North York’s legal professionals must maintain tight financial control over trust funds and client retainers. Trust accounting mistakes can quickly escalate into disciplinary action.

We offer monthly trust reconciliations, Law Society-compliant ledgers, can work on software such as Cosmolex, Clio, or PCLaw, and assist in preparation for LSO audits—all handled by CPA-led teams who understand legal bookkeeping inside and out.

FAQs – Bookkeeping for Lawyers and Law Firms and Paralegals

1. What happens if I miss a trust reconciliation?

The Law Society can issue warnings or initiate an audit. We ensure monthly reconciliations are always completed on time.

2. Can you integrate Clio with my QuickBooks account?

Yes—we can sync practice management software with your financial system for complete transparency.

3. How often should I review my trust reports?

You should review your trust ledger’s balances monthly at a minimum.

Yes—our services include complete HST filing and full payroll processing, including source deductions and T4s.

5. Do you help with LSO annual filings?

Absolutely. We’ll prepare the reports and financials needed to keep you in good standing.

[C] Medical Clinics and Incorporated Professionals in North York

North York has a significant number of healthcare providers operating as Medical Professional Corporations (MPCs)—from physicians and optometrists to physiotherapists and walk-in clinics.

We assist with OHIP reconciliation, clinic expense tracking, corporate and personal tax planning for overall tax minimization, HST on non-insured services, and clinic payroll.

FAQs – Bookkeepers for Doctors and Medical Clinics

1. Can I pay myself a dividend through my MPC?

Yes—this is common. We help you decide when to use salary, dividends, or a combination for optimal tax efficiency.

2. Are equipment purchases fully deductible?

Large purchases like exam chairs or diagnostic tools are capitalized and depreciated over time. We manage your CCA schedule.

3. What about clinic rent and shared utilities?

Fully deductible if used solely for your business. We also help split costs between practitioners if space is shared.

4. How do you handle OHIP deposits and reporting?

We reconcile OHIP payments monthly and flag any variances for your review.

5. Do you offer payroll for part-time clinic staff?

Yes—we manage salaries, remittances, WSIB, EHT, and year-end slips.

[D] Bookkeepers for Dentists, Chiropractors, Optometrists & Pharmacies

Health professionals in North York need a bookkeeper who understands specific bookkeeping requirements, associate compensation, software integrations, and CRA audit triggers.

Our expert bookkeeper North York manages bookkeeping services that cover clinic revenue, insurance reimbursements, taxable product sales (e.g. supplements, glasses), and leasehold improvements.

FAQs – Bookkeeping Services for Dentists, Dental Clinics and Other Health Professionals

1. Can I track each provider’s income separately?

Yes—we can track income and expenses by practitioner or service line.

2. Are product sales (e.g. glasses or supplements) subject to HST?

Yes, and we separate taxable vs. exempt income to file correctly.

3. Can you prepare financials for college or lender submissions?

Absolutely—we offer CPA-prepared financial statements for banks, landlords, or regulatory bodies.

4. Can you help with practice expansion to a second location?

Yes—we set up separate books, manage intercompany transfers, and consolidate reporting.

5. What bookkeeping mistakes trigger CRA audits?

Mixed-use expenses, missing HST filings, and poor documentation are common red flags—we help prevent all three.

[E] Contractors, eCommerce, Startups, Auto Shops & Franchises

We also work with a wide range of North York-based businesses:

  • Contractors & Renovation Pros: Job costing, subcontractor payments, WSIB, and equipment tracking
  • eCommerce: Shopify/Amazon sales recording, GST/HST across provinces
  • Startups: Bookkeeping from startups
  • Auto Repair & Dealers: HST on vehicles, part sales, payroll for mechanics, and loan reconciliation
  • Franchisee: Royalty and advertising recording, CRA compliances
  • Wellness & Fitness Studios: Class revenue, staff payroll, POS integration, HST on services

What’s Included in Our North York Bookkeeping & Accounting Services

  • Routine Bookkeeping (Monthly or Quarterly)
  • GST/HST Filings & Remittances
  • Payroll Setup and Processing (including WSIB & T4s)
  • T4, T5, T5018 Slip Filing
  • Trust Account Reconciliation (for Legal Firms)
  • Corporate Chart of Accounts Customization
  • Software Integration (QuickBooks, Xero, Cosmolex, Wagepoint)
  • Year-End Adjustments & Financial Statements
  • CRA Audit Support & Documentation
  • Capital Asset Management & CCA Tracking
  • Clean-up & Catch-Up Bookkeeping Services for Late Filers

Keeping You CRA-Compliant in Every Detail

At MAQ CPA bookkeeping firm, CRA compliance is built into every service we provide. From HST filings to payroll source deductions, we ensure your records meet federal requirements and can stand up to review at any time.

Key CRA Rules We Follow:

  • Records must be retained for 6+ years
  • Proper HST categorization (collected vs. paid)
  • Payroll compliance: deductions, remittances, ROEs, and T4s
  • Expense classification aligned with CRA audit guidelines
  • Clear separation of business and personal transactions

CRA Reference – Keeping Records

What Happens When CRA Compliance Is Ignored?

  • CRA penalties, interest, and reassessments
  • Denied input tax credits or write-offs
  • Missed deadlines and cash flow disruptions
  • Audit exposure and reputational damage

Our Safeguards for You:

  • Digital audit trails for every transaction
  • Deadline tracking
  • Real-time reconciliations
  • CPA oversight of all statements and filings
  • Secure, cloud-based document sharing

Why Choose MAQ CPA for Bookkeeping in North York?

✔ Licensed Chartered Professional Accountants (CPAs)

✔ Experience with North York’s professionals and small business owners

✔ Personalized service—not a one-size-fits-all solution

✔ Fully cloud-based with quick support available

✔ Transparent pricing (no surprises)

✔ CRA-compliant and audit-ready processes

✔ Fast onboarding in 7–14 business days

✔ Seamless integration with your payroll, invoicing, and operations software

North York Bookkeeping Services FAQs

1. How much does monthly bookkeeping cost in North York?

Pricing starts around $300/month, scaling up based on business complexity and transaction volume.

2. Can you help with HST registration and filing?

Yes—we handle CRA registration, setup, and ongoing filing based on your frequency.

3. I’m incorporated—do I need to separate books from personal finances?

Yes—and we help structure everything correctly to avoid audit issues and optimize tax planning.

4. Do you handle year-end taxes too?

Absolutely—we offer T2 corporate tax return preparation and T1 personal tax services.

5. I’m switching from another bookkeeper—can you take over mid-year?

Yes—we’ll do a handover review, clean up any inconsistencies, and get your books current.

Let’s Make Your Books an Asset, Not a Burden

Running a business in North York is demanding. Your bookkeeping should be a strength—not a stressor. At MAQ CPA bookkeeping firm North York, our small business bookkeepers North York and bookkeepers for lawyers North York don’t just keep records—they help you understand them, act on them, and use them to grow confidently.

Let’s bring order to your finances, reduce CRA risk, and help you focus on what you do best. Let’s clean up your books, optimize your filings, and build a better financial future together.

Book a Consultation MAQ CPA Accounting Firm

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