Consultants & Professional Services · London, Ontario
Accounting and tax for consultants and professional services in London, Ontario
You sell your expertise. We make sure your structure and your taxes keep up with your success.
What we handle
The tax and bookkeeping issues consultants face
When to incorporate
Incorporation can save tax once you earn more than you spend, but it adds cost. We show you the break even.
Personal services business risk
If your corporation would otherwise be an employee of your client, its income can be taxed at a much higher rate. We help you stay clear.
Home office and vehicle
We claim the home office and vehicle expenses you are entitled to and keep the backup CRA expects.
HST and instalments
Register at the right time, file on time and plan your instalments so tax time is calm.
How we help
Services for consultants
Every consultant we work with gets a CPA who knows the industry, plain English answers and a secure online client portal.
Questions
Frequently Asked Questions
When do I need to register for HST?
Once your taxable revenue passes $30,000 over four consecutive calendar quarters, you must register. Many consultants register earlier to claim input tax credits.
What is a personal services business?
It is when your corporation’s work looks like employment for one client. That income loses the small business rate. We review your contracts and setup.
Should I incorporate?
Often yes once your income is steady and above what you need to live on. We compare both options for your numbers first.
What our clients say
★★★★★
She takes the time to explain, educate and answer any questions. She simplified concepts and used examples that made it easier to absorb.
Amanda V
★★★★★
She has helped us with business and personal income tax for several years and we are ever so thankful for her expertise.
Joan B
★★★★★
Her friendly manner, professionalism and attention to detail is very impressive. I highly recommend Major Tax & Accounting.
Sandra R
Other industries we serve
We work with all kinds of owner managed businesses
Let’s talk about your business.
Book a 15 minute call. We’ll listen, ask a few questions and tell you exactly how we can help.