Accounting and Bookkeeping Services Oshawa for Small Businesses, Professional Corporations, and Contractors

Professional Bookkeeping & Accounting Services Tailored to Oshawa Businesses

Keeping your financial records organized, compliant, and up-to-date is essential whether you’re a solo entrepreneur, a busy physician, or running a growing ecommerce business. At MAQ CPA accounting firm, we specialize in accounting and bookkeeping services Oshawa, designed to meet the unique needs of professionals and small businesses across industries.

Our mission is to simplify your accounting, optimize your tax position, and provide timely financial insights so you can make informed decisions. Unlike generic firms, we offer industry-specific knowledge, CRA compliance assurance, and proactive support—all powered by CPAs with real-world experience.

Industry-Specific Bookkeeping & Accounting Solutions for Oshawa Small Businesses and Professionals

[A] Small Businesses in Oshawa

Small business owners in Oshawa wear many hats—and bookkeeping often ends up on the backburner. But without accurate records, it’s easy to fall behind on taxes, miss deductions, or make costly mistakes.

At MAQ CPA bookkeeping firm, we provide monthly bookkeeping, payroll management, GST/HST filing, and year-end financial statements. We help small businesses stay compliant, minimize taxes, and scale confidently.

FAQs – Oshawa Bookkeeper and Bookkeeping Service for Small Businesses

1. What bookkeeping software do you support for small businesses?

We work with QuickBooks Online, Xero, Wave – tailoring systems to your needs.

2. How often should I update my books?

We recommend monthly bookkeeping to ensure CRA compliance and cash flow accuracy.

3. Do you offer payroll and WSIB filing services?

Yes, we offer full payroll services, including WSIB, T4, and ROE submissions.

4. Can you help me separate personal and business expenses?

Absolutely—we help set up a proper chart of accounts and recommend business banking practices.

5. What are common tax write-offs for small businesses?

Home office, vehicle expenses, meals & entertainment (within CRA limits), professional fees, and supplies are commonly claimed—if well documented.

[B] Lawyers, Paralegals and Law Firms in Oshawa

Legal professionals face strict trust accounting and Law Society compliance. Our team understands these complexities and offers specialized support in trust reconciliation, general ledger setup, and timely legal bookkeeping for solo practitioners and firms.

1. Do you handle trust account reconciliation for lawyers?

Yes, we handle monthly reconciliation per Law Society of Ontario guidelines.

Yes, we integrate Clio and other law firm platforms with cloud accounting tools like QuickBooks.

Our CPAs use Law Society checklists and audit-ready systems for all legal clients.

4. What’s the difference between general and trust accounts?

Trust accounts hold client funds, while general accounts are for business operations. Both must be accounted for separately under legal rules.

5. Do you provide bookkeeping training to internal staff?

Yes, we offer customized training sessions and process documentation.

[C] Medical Clinics and Physicians

Medical professionals often work through professional corporations and need accurate income tracking, HST filing (where applicable), and expense documentation. We also support OHIP billing reconciliation and payroll for clinic staff.

FAQs – Oshawan Bookkeeper and Bookkeeping Service for Medical Clinics and Doctors

1. Should I incorporate my medical practice?

Most physicians benefit from incorporation for tax deferral—but we recommend a full assessment.

2. Are medical services subject to HST?

Most core medical services are HST-exempt, but some non-medical offerings (like cosmetic procedures) may be taxable.

3. Can you manage my personal and corporate tax filings?

Yes, we handle both T1 and T2 filings, ensuring all income is reported and optimized.

4. How do you handle OHIP deposit tracking?

We reconcile OHIP statements against clinic bank deposits to ensure accuracy.

5. Can you help with payroll for clinic staff?

Yes, including source deductions, T4 filings, and remittances.

[D] Dentists, Chiropractors, Optometrists, Pharmacies

Health professionals require industry-specific accounting for inventory (pharmacies), equipment purchases, leasehold improvements, and mixed-use spaces. We tailor your financial reporting to support borrowing, tax efficiency, and CRA audit-readiness.

FAQs – Oshawa Bookkeeper for Dentists, Dental Clinics, Chiropractors, Optometrists

  1. Do you track equipment purchase and CCA?

Yes, we clinic equipment purchases and apply correct CCA classes per CRA guidelines.

  1. Are dental supplies deductible?

Yes, if purchased for business purposes and properly invoiced.

  1. What financial reports do I need to submit to my bank?

Typically, income statements, balance sheets, and tax returns. We prepare lender-ready reports.

  1. Is my office lease deductible?

Yes, your lease payments are typically fully deductible if used solely for business.

[E] Fitness Centres, eCommerce, Startups, Construction, and More

We also support diverse industries:

  • Fitness & Gyms: POS integration, membership revenue tracking, class-based accounting.
  • eCommerce: Multi-platform sales tracking, Shopify/Amazon integration, inventory cost accounting, and HST filing across provinces.
  • Startups: Bookkeeping for management and investor purposes.
  • Construction: Project-based job costing, subcontractor payments (T5018s), holdback tracking.
  • Franchisees: Royalty and advertising tracking, compliant recordkeeping.
  • Auto Repair/Sales: Vehicle purchase/sale recording, HST and financing reconciliations.
  • Landscaping: Income and expenses recording, equipment tracking, GST/HST filing.

MAQ CPA offers Comprehensive Bookkeeping and Accounting Services for Oshawa Small Businesses

  • Monthly and Quarterly Bookkeeping
  • Year-End Financial Statements
  • Tax-Ready General Ledgers
  • GST/HST Filing and Reconciliation
  • Payroll Processing and T4s
  • Software Integration (QuickBooks, Xero, Wave, Shopify, Cosmolex, Clio, etc.)
  • Customized Reporting (by industry)
  • Bank and Credit Card Reconciliation
  • Audit Preparation

Challenges Solved:

  • Inconsistent records
  • CRA late penalties
  • Misclassified expenses
  • Missed deductions

CRA Compliance: What You Need to Know

CRA requires all Canadian businesses to:

  • Maintain accurate books and records for 6+ years
  • File GST/HST returns on time (monthly/quarterly/annually)
  • Issue T4, T5018, and ROEs as applicable
  • Ensure trust account compliance for legal professionals

Non-compliance Consequences:

  • Penalties, interest, audits
  • Disallowed expenses
  • Reassessment risk

MAQ CPA small business bookkeepers Oshawa ensures:

  • Full audit trail
  • CRA-aligned documentation
  • Timely reminders and filings
  • Real-time reporting access

Why Choose MAQ CPA firm for Bookkeeping and Accounting Services in Oshawa?

  • Certified CPAs with 10+ years’ experience
  • Industry-specialized team (legal, medical, construction, eCommerce, small business)
  • Use of cloud platforms for remote access and paperless filing
  • Customized workflows for each client
  • Proactive CRA compliance approach
  • Support for both incorporated and unincorporated businesses
  • Transparent pricing and dedicated account managers
  • Seamless onboarding in under 14 business days

Tools We Use: QuickBooks Online, Xero, Wagepoint, Hubdoc, Cosmolex, Clio integrations

What You Can Expect:

  • Reliable monthly reports
  • Fewer tax season headaches
  • Improved financial decision-making
  • Easier loan and credit applications
  • Peace of mind with CRA

General FAQs for Oshawa Bookkeeping & Accounting Services for Lawyers and Small Businesses

1. How much do bookkeeping services cost in Oshawa?

Our pricing is transparent and varies based on volume and complexity. Starting around $300/month for small businesses.

2. Do you offer virtual or in-person services?

We serve clients remotely across Ontario, Canada but also meet in-person for clients in Oshawa and the GTHA.

3. Can I deduct bookkeeping fees on my taxes?

Yes, bookkeeping and accounting fees are fully tax-deductible as business expenses.

4. How long does it take to onboard with MAQ CPA?

Typically within 7-14 business days, including software setup, chart of accounts review, and initial reconciliation.

5. What industries do you specialize in?

Legal, medical, healthcare, eCommerce, construction, franchisees, fitness, real estate, tech companies, auto repair & sales, architect, engineer, consultant & coach and many more.

Let Us Help You Take Control of Your Finances

Whether you’re running a solo practice, managing a growing retail store, or just starting up, solid bookkeeping is non-negotiable. At MAQ CPA, our bookkeepers Oshawa don’t just crunch numbers—we provide financial clarity, compliance assurance, and real-world insight tailored to your industry.

Don’t let messy records or missed deadlines hold you back. Let us handle your books so you can focus on your business.

Ready to simplify your finances and work with Oshawa’s trusted CPAs and Bookkeepers?

Book a Free Consultation Today!

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