Bookkeeping for Sole Proprietors.
Clean books for T2125, simple monthly tracking, and tax-ready records — bookkeeping for freelancers, consultants, and sole proprietors across the GTA West.
Bookkeeping that's exactly the right size for you.
Sole proprietors don't need enterprise accounting. They need accurate monthly records, clean separation between business and personal, and books that make tax season painless instead of dreadful.
We work with freelance consultants, designers and developers, fitness and wellness sole-traders, and one-person service businesses across the GTA West. Most of our sole-proprietor clients are on the Starter plan — and that's all they need.
What's specifically included
- Monthly bookkeeping in QuickBooks Online (or Wave, if better fit)
- Bank and credit-card reconciliation against statements
- Personal vs. business expense separation
- T2125-ready year-end records for your tax preparer
- HST tracking once you cross the small-supplier threshold
- Quarterly check-ins on profitability and cash flow
Where we add value
The mechanical bookkeeping is the same across industries — categorize, reconcile, report. The advisory work is different. For sole proprietors businesses, the questions we help you answer every month are specific to how your industry actually operates.
Common questions from sole proprietors owners
I run a side business — am I a sole proprietor?
If your business income is reported on your personal tax return as self-employment income, you're a sole proprietor. T2125 is the form your accountant fills out.
Do I have to register for HST?
Once your business revenue exceeds $30,000 over four consecutive quarters, you're required to register and start charging HST. We help track the threshold and handle the registration when you cross it.
Should I incorporate?
It depends on your revenue, your tax situation, and your goals. We're not tax advisors, but we'll help you understand what your books would look like as a corporation, and refer you to a CPA who can run the numbers properly.
What's the cheapest way to keep clean books?
Starter at $399/mo. The math typically works because the time you save (and the deductions you don't miss) more than covers the fee for any business with regular monthly transactions.