Accounting & Bookkeeping for Professionals in Toronto
Trusted Financial Support for Lawyers, Consultants, Therapists & Independent Professionals
📍 Based in Toronto | 💼 CRA-Compliant | 🧾 Experts in Professional Services Accounting
Focus on Your Practice—We’ll Handle the Books
Whether you’re billing clients, managing trust accounts, or considering incorporation, our accounting and bookkeeping services are tailored for **Toronto-based professionals** across law, consulting, therapy, real estate, and more.
Sole proprietorship vs. incorporation advice
GST/HST registration & filing
Trust accounting & compliance (for lawyers)
Year-end tax preparation & planning
Book a Free Professional Accounting Consultation
Key Services for Professionals in Toronto
Sole Proprietorship vs. Incorporation Guidance
Not sure whether to stay self-employed or incorporate? We help you decide based on:
- Income level & tax deferral potential
- Professional corporation setup (e.g., Law, Health, Engineering)
- Liability protection & business structure
- Salary vs. dividend strategy if incorporated
Start with the right structure and avoid costly mistakes later.
GST/HST Registration & Filing
Professional services often require **GST/HST compliance**—but not always. We help you:
- Determine if/when to register
- Set up a CRA GST/HST number
- File monthly, quarterly, or annual returns
- Track Input Tax Credits (ITCs) for expenses like rent, software, and travel
Stay on the CRA’s good side and keep your cash flow clean.
Trust Accounting for Lawyers
Legal professionals have strict rules under the **Law Society of Ontario (LSO)**. We help law firms and sole practitioners maintain full compliance.
Our trust accounting services include:
- Separate tracking of client funds
- Monthly trust reconciliation & reports
- General vs. trust account bookkeeping
- Year-end LSO compliance audit prep**
Stay LSO-compliant and avoid penalties or license issues.
Bookkeeping & Tax Services
- Cloud-based bookkeeping (QuickBooks, Xero)
- Categorization of expenses for easy tax prep
- CRA-ready financial statements
- Personal tax returns + T2125 or corporate filings
- Income splitting, RRSP, and tax minimization planning
Efficient, paperless, and built around your practice
Who We Work With
- Lawyers & paralegals
- Consultants (IT, management, legal, financial)
- Therapists & psychologists
- Real estate agents & mortgage brokers
- Architects, designers, engineers
- Freelancers & creatives
What Professionals Say
Schedule a Free Strategy Session
Tools We Integrate With
- QuickBooks Online, Xero
- PCLaw, Clio, MyCase (for law firms)
- CRA My Business Account
- Secure document portals & e-signatures for paperless service
Local Experts, Professional Results
Serving professionals across Toronto and the GTA, we combine industry-specific knowledge with dependable accounting support—so you can grow your practice with confidence and clarity.
- Call us at (416) 555-8080
- Or click below to request a free consultation