Many consultants and service providers go independent for the tax savings. They dream of writing off all their expenses, paying no taxes, and living the good life. While the potential tax savings for independent consultants are very real, there is also an additional compliance burden that many consultants neglect or take for granted.
The good news is you can save thousands of dollars in taxes and keep the CRA happy at the same time. But you cannot do it on your own. You need an accounting firm who can advise on what to write off, how much income to report, and how to report it. That is where we can help. We help hundreds of independent consultants minimize their tax burden and put more money back in their pockets. We know what the CRA looks for and which deductions could get you into trouble. Our goal is to help you save as much money as possible without getting flagged for an audit.
We will also help plan for your personal financial goals. Whether it is saving for retirement, building a college fund for the kids, or buying your next home — we look at the entire picture to ensure both your business and personal finances are taken care of.