Accountant for the self-employed in Newmarket, Ontario

Self-employed income is not a T4. Listed accountants on our platform report it on a T2125, claim the expenses you can support, and keep HST and instalments from turning into a spring surprise.

Whether you work near Main Street South, Upper Canada Mall, Stonehaven or the Southlake hospital area, we help local shops, clinics and families stay on top of filings and year-round books.

Home office, vehicle, software, subcontractors and meals each have their own rules. A return is only as strong as the records behind those claims.

If you later incorporate, the same accountant can move you from a sole proprietorship to a corporate return without starting over.

What is handled for self-employed people in Newmarket

1. 1

   T1 and T2125 filing

   Business income and expenses are reported on a T2125 and filed with your personal return.

2. 2

   Expense review

   Home office, vehicle, phone, software and other costs are claimed only where the records support them.

3. 3

   HST

   You are told when the $30,000 threshold applies, and returns are filed once you are registered.

4. 4

   Instalments

   Quarterly instalments are planned so a strong year does not become a balance-due shock.

5. 5

   Bookkeeping

   Income and costs are categorized through the year so filing is a review of clean books.

6. 6

   Incorporating later

   When income left over after living costs is high enough, your accountant explains what a corporation would change.

Who this helps in Newmarket

Want the full picture? Read more about tax filing for the self-employed or see everything we offer in Newmarket.