Call Us
Call Anytime 24/7
Mail Us For Support
Office Address
E-mail us at
Office Address
203-2087 Dundas St. E, Mississauga
We understand that every business is unique and requires a personalized approach to accounting and taxation. That’s why our team works with you to develop a plan that suits your business needs and goals. Our one-stop-shop approach provides a comprehensive set of services, including general business advisory, business registration/incorporation, accounting & specialized tax planning solutions.
Our team goes far beyond just filing the forms to ensure your counselling/ psychotherapy business is set up for success. We strongly believe that the following three step approach should be followed:
The first phase is probably the most important. During this stage we ensure that you get all the necessary information required to make an informed decision as to what type of business structure will be best suited for your business needs. The most common structures we deal with are sole proprietorships, partnerships and corporations. Some of the most important topics that we cover during the consultations are as follows:
Once a decision has been made as to what the best structure is in your situation, our team will take care of the required filings. These can include:
It typically takes several business days to formally register the company and additional week or two to obtain the business number and register all required tax accounts with the CRA.
As mandated by the College of Registered Psychotherapists of Ontario, members can operate their practice through a professional corporation. For more details, please refer to the following publication: https://www.crpo.ca/your-practice/
Finally, once the entity is created, business owners need to set up bookkeeping processes and get a good understanding of the tax filing requirements. In Canada, most businesses have to file tax returns annually. In addition, businesses are often required to pre-pay taxes during the fiscal year. It is therefore essential to be aware of the deadlines for tax compliance as the penalties and interest for failure to file or failure to remit taxes can add up to tens of thousands of dollars.
We understand that therapists can get very busy with day-to-day business activities and as a result, may not have enough time to maintain accounting records or file taxes on time. Therefore, as mentioned earlier, we adopted a one-stop-shop approach to business registration services and will be happy to offer our accounting & taxation services to psychotherapists/counselling services providers. We offer the following services:
Contact us if you are ready to take your business to the next level. An experienced CPA/Tax Specialist will schedule a consultation within 48 business hours. The consultation can be held online or at our office located at 2087 Dundas St. E, Unit 203, Mississauga, ON.
For a limited time, we offer business registration/incorporation or bookkeeping system setup free of charge for new clients.