Industries›Professional Services

Accounting for professional service firms and consultants.

Corporate structuring, tax planning, and full accounting services for professional service firms.

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Sound Familiar?

Common challenges we see with professional service firms

You're incorporated but haven't revisited your corporate structure or how you pay yourself in years

You're earning well but feel like you're paying more tax than you should be

You have a mix of project-based income, retainers, and contract work and your books don't reflect any of it clearly

You're growing your firm and thinking about bringing on partners, but don't know how to structure it

You're spending time on bookkeeping and admin when you should be focused on clients

What We Do for Professional Service Firms

Incorporation & Corporate Structuring

Professional corporation setup or review of your existing structure to ensure it's optimized for your current situation.

Tax Planning

Salary vs. dividends, shareholder remuneration, income splitting, and strategies tailored to professional income levels.

Corporate Tax Filing

T2 returns for professional corporations and holding companies.

Personal Tax Filing

T1 returns covering professional income, investment income, and all applicable deductions.

End-to-End Accounting

Complete accounting management for your firm, bookkeeping, financial reporting, payroll, HST, and tax filing.

Compiled Financial Statements

Financial statements prepared for lenders, partnership agreements, or regulatory requirements.

Partnership & Multi-Owner Structures

Structuring and managing the accounting for firms with multiple partners or shareholders.

Business Financing

Financial documentation and lender coordination for practice acquisitions, expansions, or equipment financing.

How It Works

Getting started

Book a consultation

Tell us about your firm and how we can support your business.

We review and quote

We assess your situation and provide a clear scope and price.

We handle the work

We execute and deliver.

FAQs

Common questions from professional service firms

At higher income levels, incorporation provides significant tax deferral through the small business tax rate. Whether it makes sense depends on your income, expenses, and personal situation. We review your numbers and advise.

The optimal mix of salary and dividends depends on your personal tax bracket, RRSP room, CPP considerations, and family structure. We model different scenarios and recommend the approach that results in the lowest overall tax.

There are several ways to structure a multi-owner firm, separate professional corporations, a partnership, or a shared corporate structure. Each has different tax and liability implications. We advise on the right approach based on your situation.

Options include investing inside the corporation, paying down debt, distributing to shareholders through dividends, or planning for retirement. The right strategy depends on your goals and tax position. We review your situation and recommend the most efficient approach.

Yes. We offer end-to-end accounting, or you can choose individual services based on what your firm needs. We scope the engagement around your requirements.

Other Industries

We take care of the accounting so you can focus on what you do best.

Book a consultation to discuss your situation and how we can support you.