Accountants &
Tax Specialist for Automotive Service Professionals.

When you're a skilled trades expert in the automotive service field, your quest for top-tier accounting and tax services concludes right here. Our committed team of seasoned accountants specializes in providing customized solutions tailored exclusively for professionals in the automotive service industry. Whether you're embarking on the journey of establishing your business or are currently managing a well-established one, we stand as your trusted allies, ensuring a seamless and efficient accounting process.
Central to our mission is the objective of adeptly overseeing the distinctive accounting and tax requirements specific to automotive service firms. Delve into our comprehensive range of services, meticulously crafted to elevate your financial well-being:

  • Incorporating a professional practice and structuring
  • Accounting and bookkeeping services
  • Payroll management
  • Profit maximization
  • Preparation of financial statements
  • Filing Corporate tax returns (T2)
  • Sole proprietor dentist tax return (T1)
  • Tax planning, keeping in mind your tax needs
  • Salary vs. dividend comparison
  • Income and capital tax relief

At Blue Canyon CPA, we take great pride in our proactive approach to accounting and financial management, meticulously customized to suit the distinct needs of automotive service professionals. Our unwavering commitment is to consistently surpass your expectations of what a Chartered Accountant can achieve. By placing your financial and accounting responsibilities in our capable hands, you can shift your attention towards delivering exceptional service to your clients while entrusting the financial well-being of your business to seasoned experts.

Tax Specialists

Our dedication to delivering exceptional services extends to our prowess as tax specialists. Whether you’re a sole proprietor seeking assistance with personal tax returns, a partner in a collaborative venture, or the owner of a Professional Corporation, we possess the knowledge and experience required to effectively address your taxation needs.

Drawing upon our extensive experience in providing tax services for healthcare professionals, our team is well-prepared to offer multifaceted assistance to our clients.

We recognize the paramount importance of minimizing tax liabilities while optimizing available government incentives and support. Our Chartered Professional Accountants excel in crafting tax-efficient compensation plans tailored to our clients and their families. Additionally, we extend our expertise to in-house professionals, guiding them through the process of business incorporation—a pivotal step in enhancing tax outcomes.

Our comprehensive tax advisory services encompass solutions such as estate planning, year-end tax strategizing, and expert counsel for asset sales and acquisitions. All of these services are meticulously designed to assist you in navigating intricate tax scenarios without bearing undue financial burden. With our unwavering support, you can confidently manage your tax obligations while concentrating on the growth and prosperity of your automotive service business.

Bookkeeping & CFO Services

Discover how Blue Canyon CPA’s Bookkeeping and CFO services can transform your skilled trades firm. Our specialized solutions are designed to streamline your financial processes, providing you with the clarity and insights you need to thrive in the competitive world of skilled trades. With our expert bookkeeping, you’ll have real-time financial visibility, ensuring that your records are always accurate and up-to-date.

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Accounting Services for Automotive Service Professionals.

Whether you're contemplating the acquisition or sale of an automotive service business, count on us to navigate you through every step of the process. Our team of seasoned Chartered Business Valuators specializes in providing comprehensive valuation services, ensuring you receive equitable compensation. Here's a spectrum of services we provide to assist our fellow automotive service professionals and business owners:

1. Fiscal Year Corporate Tax and Financial Statements

Prepare Year-End Documents for all companies including:
Financial Statements - Notice to Reader
T2 Corporate Tax Return
GST / HST Monthly Returns
T4/T5 slip and information returns
Canada Revenue Agency Correspondence and audit assistance

2. Accounting Infrastructure Review and Process Implementation

Introduce team and assess current processes
Review and document detailed processes within accounting infrastructure including bookkeeping, accounts payable, accounts receivable and tax compliance.
Assess and finalize software and 'app stack' to bring forth efficiencies in the accounting processes, provide automations where applicable, improve controls, etc.
Provide logins and training to internal team members

3. On-Going Monthly Managed Back Office Services

Monthly data entry and transaction review
Monthly bank account reconciliation
Monthly credit card expense identification
QuickBooks Online (QBO) review
General Bookkeeping Support
Management Reports Including Key Financial Data
Accounts payable Support and Payables Management
Plooto payments set up and integration
Pay vendors and contractors monthly
General Accounting and Bookkeeping advice
File HST and make tax payments (including HST and Corporate Tax)
Bi-weekly payroll processing and recording
Maintaining Payroll Software
Adding New Employees
Managing bi-weekly payroll cycles
Record of Employments

4. Senior Financial Management Services

Provide monthly financial reporting
Provide monthly performance against budget reports
Help manage cash flow
Participate in the budgeting and forecasting process
Coordinate with management team for ad hoc reports and advisory related to external fundraising requests

Streamline Your Finances: Book Your Consultation Today

Feel free to reach out to us to schedule a consultation. We can discuss how we can alleviate the complexities of managing your financial records, ensuring timely staff payments, and optimizing your net income.
Book now

Any Other Questions? Feel Free To Reach Out!





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    Bookkeeping
    CFO Services
    Personal Tax
    Corporate Tax
    Business Consulting & Wealth Creation
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      Our Locations

      Canadian Offices

      3111 Dufferin Street, Suite 207, Toronto, ON  M6A 2S7
      Phone: 416-780-1500

       

       

      104 King St. East, Bowmanville, ON L1C 1N5
      Phone: 289-626-2744

       

       

      835 Westney Rd. South, Unit 3, Ajax, ON L1S 3M4
      Phone: 905-427-3423

      US Office

      1108 Lavaca St., Ste. 110 – 638, Austin, TX 78701
      Phone: 737-301-3423

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