Vaughan, Ontario
Accountant in Vaughan for Incorporated Businesses
Wealthy Wave Accounting keeps the books, files HST and payroll, and prepares corporate tax returns for incorporated businesses in Vaughan, with most of our work for construction and trades firms, trucking companies and owner-managed businesses in Concord and Woodbridge. Our office is next door in Brampton, and most Vaughan clients work with us on Teams.
Vaughan · Served from Brampton · Teams across Ontario
How it works
Working with us from Vaughan, step by step.
Exactly what happens after you get in touch, starting with one 15-minute call.
- Today
Book 15 minutes
A free, no-obligation 15-minute call on Teams or at our office at 181 Queen St E, Brampton.
- The call
What the business runs on
Your trade or fleet, how you bill, who you pay as subcontractors or drivers, and which filings are due next.
- First month
The paperwork put in order
We set up a simple file for subcontractors, holdbacks and trip records, and bring the books up to your last closed month.
- All year
Filings on a calendar
HST, payroll remittances, T4s, T5018 slips and the T2, each with a date you can see ahead of time.
- Your move
Ready when you are
Pick a 15-minute slot that suits you. We confirm the time and scope with you directly.
VAUGHAN AND BRAMPTON
Why Vaughan owners work with a Brampton firm
Vaughan is one of the busiest places in Ontario to run a building or trucking business. The industrial areas in Concord and Woodbridge are full of general contractors, framing, concrete, HVAC and electrical firms, cabinet and stone shops, and fleets that run out of yards near Highway 400, the 407 and the CN rail yard. Around them sit the businesses that serve them: suppliers, mechanics, equipment rental and the family companies that own the buildings.
Those businesses share an accounting problem. Money moves through jobs and trips, not through a simple monthly invoice. A contractor bills in stages, waits on holdbacks and pays a long list of subcontractors. A carrier pays fuel in several provinces or states, settles with owner-operators and keeps logs for every trip. When that paperwork is behind, the HST return, the T5018 slips and the year-end all slip with it. Our work is keeping it current so the filings take care of themselves.
Our office is at 181 Queen St E, Unit 5, in Brampton, which shares its eastern border with Vaughan. By car it is usually 20 to 35 minutes along Highway 7 or the 407. Most Vaughan clients send records through a secure link and meet us on Teams, often early in the morning or after the site closes. If you would rather sit down in person, book a time at the Brampton office.
What we see most often
In Vaughan, the tax problems usually start on the job site or in the truck, months before year-end.
Four common problems, and what we do about each one.
- The problem
Subcontractors paid without the paperwork.
Cheques and e-transfers go out to subs all year, but nobody collects business numbers or WSIB clearance as they go. In spring, the T5018 slips and the WSIB questions arrive together.
The solutionA subcontractor file kept current
We list every subcontractor with their business number and amounts paid as the year goes, so the T5018 slips are ready when they are due and missing details show up early.
- The problem
Holdbacks and progress billing blur the numbers.
When income is recorded only as cash arrives, the profit on each job is a guess, and HST on holdbacks gets reported too early or too late.
The solutionJob-by-job tracking
We record each draw, holdback and change order against its job, so you can see which jobs made money and the HST lands in the right period.
- The problem
Trip costs that never make it to the books.
Fuel bought in several provinces, tolls, repairs on the road and meal costs on long hauls are easy to lose, and so is the IFTA fuel tax return that depends on them.
The solutionTrip records that feed the return
We set up a simple way to send fuel receipts and trip logs each month, so IFTA, HST and the meal deduction are claimed on real records.
- The problem
Trucks and equipment bought on a hunch.
A truck, a trailer or an excavator bought in the wrong name, or on the wrong timing, can cost more tax than it saves, and personal use of a company vehicle creates a taxable benefit.
The solutionA talk before you buy
We look at buying or leasing, the company or yourself as owner, and the timing against your year-end, before you sign.
BY INDUSTRY
Who we help in Vaughan
Each link opens our page for that industry or service. Vaughan clients work with the same small team as everyone else.
Contractors in Vaughan
General contractors and trades: job costing, holdbacks, HST, WSIB and T5018 slips.
02Trucking companies in Vaughan
Fleets and owner-operators: IFTA, fuel and trip records, driver pay and HST.
03Restaurants in Vaughan
Restaurants and food businesses: daily sales, tips, payroll and HST.
04Realtors in Vaughan
Agents and teams: commission income, HST and personal real estate corporations.
05Doctors in Vaughan
Incorporated physicians at Vaughan clinics and hospitals: start with a free tax and estate planning session.
06Holding companies and restructuring
Holdcos and estate freezes for owners whose companies now hold surplus or the building.
07Sample CFO reports
The job and cash reports owners use to see which work pays and what to keep in the company.
WHAT WE HANDLE
One firm for the books and the tax
- Bookkeeping by job or by truck, monthly or quarterly
- GST/HST registration and returns, including holdbacks
- T5018 subcontractor slips
- Payroll, remittances, T4s and ROEs
- IFTA fuel records for carriers
- Corporate tax return (T2) and year-end statements
- Salary and dividend planning for you and your family
- Replies to CRA letters and reviews
The exact work and fees are agreed in writing before work starts.
ANSWERS BEFORE YOU START
Common questions.
General information, not tax advice for your situation. Book 15 minutes to talk about yours.
Do you have an office in Vaughan?
No. Our office is at 181 Queen St E, Unit 5, Brampton, next door to Vaughan. Most Vaughan clients meet us on Teams, and you can visit the Brampton office by appointment.
We are behind on bookkeeping and HST. Can you catch us up?
Yes. We start with the bank and credit card statements, rebuild the missing months, then file any late HST returns. If CRA has already written to you, send us the letter first.
Do I need to issue T5018 slips?
If most of your business income comes from construction and you pay subcontractors for construction services, usually yes. We check your situation and prepare the slips and summary for you.
Can you take over from my current accountant mid-year?
Yes. We ask for last year's financial statements, the T2 and the notice of assessment, and pick up the books from your last closed month.
How are fees set?
After the first call we quote in writing, based on the work your business needs. Nothing starts until you agree.
A PRACTICAL NEXT STEP
Talk to us before
the deadline.
Share the service you need, your business type and any upcoming deadline. We’ll discuss the records, scope and next steps before work begins.