When incorporating starts to make sense
The point at which a business is better off incorporated is a question of profit, risk and what the owner wants to do next, not a fixed number.
Bookkeeping, tax and business advice for owner-managed companies, handled remotely across Ontario. Message us on WhatsApp and you get a person, usually within the hour. Family run, more than 500 businesses, 10 years and counting.
Someone answers. No queue, no callback ticket, no waiting until year end.
Every file sits with the same people from the books through to the filing. Nothing gets handed to a stranger at year end.
“I don’t know how much money my business is actually making.”
Monthly and quarterly books kept properly, reconciled and current, so you always know where the business stands. If you have fallen behind, that is the normal reason people call us, and we catch you up.
Discuss this file“Tax season is coming and nothing is ready.”
Corporate T2, personal T1 and self-employed returns, prepared by the same people who keep your books. Nothing gets handed to a stranger at year end.
Discuss this file“I need someone who understands accounting and business.”
Most owner-managed companies do not have a CFO or a controller. We fill that seat: cash flow, structure, profitability, and the decisions that come with growing.
Discuss this file“I need to incorporate, or something has changed with the shares.”
Incorporation, share transfers, shareholder agreements and the filings that come with them. We are a full service firm for corporations, which means the structure and the books are handled by the same people and stay in step.
Discuss this fileMost firms do accurate work and then disappear until next year. Business owners who come to us describe the same two things every time: they could never get hold of anyone, and when they finally did, nobody explained anything.
Call or message the number on this page and you reach someone who knows your file. Not a queue, not a ticket. This is the thing clients tell us they never had before.
If you do not understand something, that is our job to fix, not yours to be embarrassed about.
You get an opinion, not just a filing. What we would do, and why.
We are in your business through the year, not only at year end. Wherever you are in Ontario, nothing needs to be dropped off in person.
Bank transactions, receipts, invoices, payroll and tax records rarely arrive neatly organized. We turn the noise into accurate books, financial statements and information you can actually use.
Receipts. Transactions. Payroll. Tax records. One business, many sources.
Entrepreneurs, family businesses, incorporated professionals, and companies running more than one corporation. Some have been with us for over a decade. Some incorporated last month.
That is the most common reason someone calls us for the first time. Nobody here is going to make you feel bad about it. We have cleaned up worse, and we will tell you exactly what it takes to get you current before you commit to anything.
COMTAX is run by Elie and Anna alongside their family. When you call, you speak to the people responsible for your file and for the firm’s name. That is the whole reason the relationships last as long as they do.
MBA and engineer with more than 10 years of Canadian consulting and accounting experience, and more than 15 years of international experience in business, financing, legal and accounting across oil and maritime law, including work with governments around the world. His Canadian files run across food, retail, distribution, real estate and multi-entity groups.
More than 10 years running payroll for owner-managed businesses across the GTA, and the person most COMTAX clients speak to about anything involving their staff.
She began her bookkeeping career here and has been with the firm ever since. Day to day she is the one keeping client books reconciled and current, which is the work everything else on this page depends on.
A BComm in law and business, and eight years of Canadian experience across the retail, legal and accounting sectors. He looks after the part of the job most firms neglect, which is keeping communication clear and the relationship in good repair.
It depends on how much bookkeeping you need and how complex the business is, so we quote after a short conversation rather than guessing. You get a number before any work starts, and it does not move without you agreeing to it.
No. It is the most common way clients arrive. We look at what is there, tell you what it takes to get current, then keep it current.
Less than people expect. We request your records from your current accountant, and in most cases you do very little beyond signing the authorization.
Probably. We have served more than 500 businesses across retail, food, trades, transport, professional services, real estate and e-commerce. If we are not the right fit, we will tell you.
Only if you want to, and you are more than welcome to book a time and meet us in person at the North York office. Most of the work happens digitally, so clients across the GTA and the rest of Ontario deal with us without anyone driving anywhere.
A conversation first. After that, usually your last filed return, access to your books if you have them, and your business number.
Yes. Multi-company structures, holding companies and intercompany accounts are regular work here.
Short pieces on the things owners ask us about most: incorporating, cleaning up a set of books, hiring a first employee, and what changes when a second corporation appears.
Tell us what you need, or just call. Either way you reach someone who can actually answer.
Thanks for reaching out. A member of the COMTAX team will review your message and get in touch with you shortly.
Plain answers to the questions owners actually ask. No newsletter, no sign-up. If something here applies to you, message us and we will talk it through.
The point at which a business is better off incorporated is a question of profit, risk and what the owner wants to do next, not a fixed number.
What a cleanup actually involves, what we need from you to price it, and why falling behind is the most ordinary reason people call us.
Who decides what, what happens if someone wants out, and how the money moves. The questions are more useful than the template.
What changes on the payroll side the month someone comes on, and the registrations worth sorting out before the first pay run.
A short list of what makes a year end quick, and what makes it slow. Most of the delay is gathering, not accounting.
Intercompany accounts, holding companies and the bookkeeping habits worth starting on day one rather than fixing later.
Something here worth a conversation?