CPA Accounting Firm Toronto

Full service accounting firm offering tax, accounting and bookkeeping services to businesses in Toronto.

Trusted by Hundreds of Canadians and their Businesses

Our Services

As one of the top accounting firms in Toronto, we offer a wide range of accounting services to support the financial needs of businesses in Toronto. Our core services include corporate tax, bookkeeping, payroll, small business accounting, and personal tax. In addition, we provide advisory services to help businesses simplify their financial processes, stay compliant, and make informed decisions.

Corporate Tax Services

Dealing with the complexities of corporate tax can be overwhelming for any business. At WTC Chartered Professional Accountant, we have many years of expertise in corporate tax to ensure accuracy and compliance. Our Chartered Professional Accountants (CPA) are tax professionals with decades of experience helping businesses with corporate tax filing, implement tax strategies, and tax planning to reduce the tax burden.

We ensure your business is tax compliant and reduce the risk of penalties from mistakes. Our strategic tax optimization and tax planning strategies will have your business benefit from reduced tax burden, and ultimately financial health and stability.

Bookkeeping Services

Accurate bookkeeping is the foundation of running a profitable business. Our accounting firm offers customized bookkeeping and accounting services to maintain your books and avoid financial pitfalls. Our services include ongoing bookkeeping to give insights into key financial metrics and help you make insightful decisions and manage your funds wisely. We also offer bookkeeping catch up services if your bookkeeping is behind.

As a professional accounting firm, we offer customized financial reporting (income statement and balance sheet) so you can better understand your financial situation and make strategic decisions. Accurate bookkeeping is important to help you monitor expenses and also play an important role in tracking your company’s cash flow and overall financial health.

Payroll Management

Our comprehensive payroll service ensures employees are being paid accurately and without delay. We handle CRA payroll payments, manage T4 tax filing at year-end, and file Records of Employment (ROE). We can handle everything from T4s and paystubs to direct deposits.

In order to keep your company in compliance with all payroll laws, our payroll specialist makes sure that source deductions are correct to prevent mistakes and penalties. You will have more time managing your company by leaving the payroll administration to us.

Small Business

We help small businesses overcome their specific challenges and achieve long-term financial success. Our professional accounting services focus on keeping financial records accurate, profitable, and CRA tax compliant. We offer tailored guidance and strategic planning to help small businesses improve their financial health and optimize taxes. Our holistic approach will have you achieve your financial objectives and sustain growth.

Our small business accounting services also include innovative tax strategies with personalized support to navigate the complexities of running a small business. It ensures your business gets the attention and expertise it needs to succeed in a highly competitive market.

Personal Tax Services

Managing personal taxes may be complicated, particularly if you work for yourself as a sole proprietor or have income from multiple sources. We at WTC Chartered Professional Accountant provide a variety of personal tax services, from filing taxes to expert guidance on tax credits and deductions. We keep up to date with tax changes to maximize your tax refunds and ensure accurate tax filing.

The financial circumstances of our clients range from simple tax needs to intricate financial situations. We provide tailored solutions to accurately manage your taxes and minimize your tax burden, so that you can have peace of mind and focus on other important things in your life.

Specialized Accounting Solutions

In addition to general accounting services, we offer specialized accounting solutions for different industries. These services are key to addressing the operational and financial requirements of each sector, ensure compliance, and improve overall business efficiency.

Industry Expertise

At WTC Chartered Professional Accountant, we offer services for various industries, including healthcare, real estate, and technology. For example, our real estate accounting services include financial reporting, tenant account management, and tax return preparation, all designed to address the specific needs of property management.

Similarly, dental accounting requires specialized services to manage patient insurance, payroll, and tax obligations. Our tax preparation services are designed for professionals in these industries, so you get comprehensive support and industry-specific compliance services. Having expertise in an industry is key to understanding its challenges and regulations.

Business Advisory and Consulting

Our business advisory and business consulting services focus on increasing business value and overall financial performance. Working with our accountants will give your business expert advice for strategic decisions and growth. These services include operational analysis, strategic planning, and financial advisory, all to help your business navigate complex financial landscapes, improve business processes, and stay competitive.

When you work with us, our financial advisors help you make informed decisions on tax compliance, investment strategies, and other important financial matters. Our proactive approach and knowledge of accounting standards means your business will receive the support you need to succeed in today’s market.

Why Businesses Choose WTC

Businesses prefer working with us for our expertise, service offerings, and commitment to client success. We help businesses implement tax strategies, improve financial management, be tax compliant, and advise on long-term growth and stability.

Improved Financial Management

Bookkeeping and payroll management is key to making informed business decisions and financial health. Our services will give you a clear picture of your business financial situation, so you can make sound decisions and increase workplace productivity. Our business advisory services will improve operational efficiency and strategic planning, turning raw accounting data into actionable insights to help your business grow. The impact of our services positively impacts cash flows and overall business growth, as expert advice will help your business navigate complex financial terrain and achieve your goals. Our clients’ situations range from simple tax needs to complex financial situations. We offer personalized service to manage your taxes accurately and minimize your tax burden so you can have peace of mind and focus on other important things in your life.

Time and Cost Efficiency

Outsourcing to WTC Chartered Professional Accountant helps you free up time to focus on strategic initiatives and growth. It will also reduce costs by not having to employ full-time staff and associated overheads. The combined effect of these savings and our expertise will increase your business productivity and profitability, making us a valuable partner for your business. By streamlining operations and focusing on core activities, your business will perform better and grow.

Expert Advice

When you work with our professional accounting firm, you have access to our expertise to help your business achieve better financial outcomes and make decisions that drive growth and stability. Our CPA will ensure your business gets the support you need to maneuver through complex financial terrains and achieve your goals. We know the local market. Our professional accountants will help your business keep accurate records and provide valuable insights. Effective financial management is a key ingredient to your business success.

We Are An Online Accounting Firm

As one of the leading accounting firms, we are collaborating with the top online accounting software providers to give your business a tailored solution. This online approach means you have access to your financial information anytime, anywhere.

What Our Clients Are Saying About Us

We offer some of the best tax accounting services in Toronto. Our commitment to excellence and client satisfaction has given us a reputation as one of the best accountants in Toronto. Hear what some of our clients have to say:

I love the online approach that William and his team implements. It makes the process extremely easy. The deliverables are always on time. The tax advice we got are very helpful and practical. The team is always there whenever we have a question. Excellent work!

William is very knowledgeable in the e-commerce space. He educated me on the sales tax requirement for selling to different provinces and he also helped the company set up the backend system so that the accounting system, inventory system, Amazon, and Shopify are synchronized. Highly recommended for anyone looking for a modern-day accountant that works well with technology.

It's been a wonderful experience with William, who has sound knowledge of tax regulations and helped my business set up a structure to minimizes tax. His team is well proficient in handling both bookkeeping and payroll process. I am a satified with their work and highly recommended.

Whenever we have an accounting or a tax question, William was there to answer them. His advice helped us save a tremendous amount of taxes each year. He is also looking after the company’s books and has been keeping us up-to-date on the company’s performance each month. Excellent work!

William Chong is fantastic. I have had many other accountants in the past, but nobody has done such a great job. Very efficient, knowledgeable, responsive, and his fee is very fair. I highly recommend his company. Thank you William for your outstanding service!

I am very pleased with and highly recommend the accounting and consulting services WTC has offered. William manages my taxes, financial statements and corporate filings so that I can have peace of mind to concentrate on my other aspects of my business. He also provided me with invaluable, actionable advice on methods to streamline and expand my business.

The team at WTC did an amazing job helping my online business set up everything I need. Mohamed and William helped me incorporate my business, set up payroll and did the bookkeeping and year-end tax return. I recommend WTC Chartered Professional Accountant to anyone who needs an accountant to help set up their business.

Looking For A New Accounting Firm?

Contact us to schedule a consultation! During the call, our certified accountants will assess your company and provide you a quote.

Frequently Asked Questions

Here's a list of commonly asked questions about our accounting firm in Toronto.

How do I choose the right accounting firm for my business?

Consider the firm’s expertise, the accountant’s qualification, and range of services. Make sure it is a member firm of a professional organization like CPA Ontario, which means it’s dedicated to continuous professional development and high ethical standards.

Effective communication and responsiveness is also important for ongoing support. Choose an accounting firm that fits your business goals and provides the support you need to succeed.

What makes WTC Chartered Professional Accountant one of the top accounting firms in Toronto?

We are distinguished by our expertise and wide range of services including bookkeeping, tax filing, payroll, and advisory services. These services are aimed to minimize tax liabilities, comply with tax regulations, and ensure your business is profitable.

What is the difference between a bookkeeper and an accountant?

Bookkeepers record financial transactions of your business to ensure the books are accurate, reconciled, and up-to-date. Accountants analyze financial data, compiles financial statements, identifies issues, and recommends financial best practices. An accountant is also a CPA who acts as a tax expert to advise on tax strategies and prepares the corporate income tax return.

At WTC Chartered Professional Accountant, we offer both bookkeeping and accounting services to a small business.