Tech & IT Consultant Accounting

Expert Accounting for Tech Professionals

Streamline your finances and focus on innovation with Tech & IT Consultant Accounting services tailored specifically for technology professionals. Our solutions help optimize taxes, manage expenses, and support sustainable growth.

Our Accounting Services for Tech & IT Consultants Include:

  • Tax Optimization Strategies: Maximize your deductions and minimize tax liabilities with customized tax strategies for IT professionals.
  • Expense Management & Tracking: Detailed expense tracking to help you understand project costs and improve profitability.
  • Contract & Project-Based Income Tracking: Simplified income tracking for project-based work, ensuring accurate records and reporting.
  • Compliance & Audit Support: Full support for CRA compliance and audits, giving you peace of mind.
  • Retirement & Investment Planning: Guidance on financial planning to help you build a secure future beyond consulting.

Take your tech consulting business to the next level with Capex CPA's dedicated accounting services. Contact us today to see how we can support your financial success.

Why Choose Us for Technology Company Accounting?

We understand that innovation is your priority—not accounting. That’s where we come in. Whether you’re a growing startup or an established tech firm, our tailored accounting solutions for technology companies are designed to scale with your business and maximize your financial success.

No More Guesswork

Our expert team handles all the heavy lifting—from bookkeeping and tax filings to advanced tax strategies and R&D credits—so you can focus on what you do best: developing cutting-edge technology. No more worrying about compliance, missed deadlines, or cash flow management.

Designed for Technology Companies

We know the unique challenges you face in the tech industry, which is why we’ve customized each plan to meet your specific needs. Whether you're a SaaS company, hardware startup, or a software development firm, our accounting solutions are built to handle every stage of your growth.

Maximize Your Tax Savings

Why leave money on the table? Our proven tax strategies for technology companies help you leverage R&D tax credits, capital cost allowances, and deferred revenue recognition to maximize your deductions. Work with experts who understand the intricacies of accounting in the tech space.

SR&ED Expertise

Tech companies often qualify for the SR&ED tax credit, which rewards innovation and R&D. Our team specializes in helping technology firms navigate the SR&ED process, ensuring you get the maximum benefit with minimal hassle.

Ready to Get Started?

Join hundreds of technology companies who have streamlined their finances and enhanced their profitability by trusting us with their accounting. Choose a plan that fits your needs, start today, and take control of your financial future with Capex CPA.

Getting Started is Easy:

  1. Send us a quick message or book a time to connect.
  2. Meet your dedicated accountant for a tailored solution designed for your tech company.
  3. Watch your tech company thrive with seamless, effortless accounting support.

Incorporate Your Tech Company

Incorporating your tech company can help you manage your taxes and accounting more efficiently. Gain more control over how your profits are distributed and taxed, with opportunities to save through income splitting and retirement savings strategies tailored for the current economic landscape. Incorporating is a smart decision that can benefit your long-term financial health.

Tax Plans and Strategies

As a tech professional, tax planning becomes more complex as your business grows and you accumulate capital. Capex CPA will review your current and future financial goals to determine the right asset protection strategies, retirement savings plans, and tax structures for your company—whether you're a sole proprietor, partnership, or corporation.

Tax Preparation and Compliance Services

If you’re looking for a cost-effective, easy-to-use accounting system for your tech company, Capex CPA has you covered. We offer day-to-day support for tasks like setup and training on cloud-based platforms like Xero or QuickBooks. Our systems ensure you stay compliant, save time, and optimize your accounting processes.

Focus on Your Tech Business, Not Accounting

You started your tech company to innovate and provide high-quality services—not to handle accounting. Let us take care of your tax and accounting needs so you can focus on building your technology solutions and growing your business.

Ready to Get Started?

If this sounds like what you need, give us a call today and let us help build a personalized solution for your tech company's accounting and tax needs.

Contact Us:

Send us a quick message or book a time to connect with one of our experts.

FAQs - Tech Edition
Expert Insights for Technology Professionals

  • Incorporating your business offers several tax benefits, including access to dividends, income splitting, and asset protection. Incorporating can help you limit personal liability and save on taxes. It allows you to optimize profit distribution and enjoy potential tax deferrals. However, the decision depends on your specific situation, so it’s important to assess if incorporation aligns with your financial goals. Learn more about incorporation.

  • Yes, income splitting is possible with your spouse, but the amount paid must be reasonable. Essentially, you should ask yourself: "Would I pay someone else the same amount for the same job?" If the answer is yes, the salary passes the reasonableness test. Income splitting can be an effective strategy to lower your overall tax liability. Speak to your accountant to optimize this for your situation.

  • Yes, paying dividends to family members can be a valuable tax strategy if done correctly. Family members who are shareholders and contribute to the business can receive dividends, helping you distribute income effectively. However, be aware of the Tax on Split Income (TOSI) rules, which state that family members must work at least 20 hours per week in the business to qualify for dividend payments without penalties.

  • The Scientific Research and Experimental Development (SR&ED) tax credit program is one of Canada’s largest tax incentive programs. It allows businesses conducting research and development to claim tax credits for eligible expenses, including salaries, materials, and overhead costs. If your business is involved in technological or scientific advancements, you might be eligible for SR&ED credits. Book a free 20-minute consultation with our SR&ED experts to assess your eligibility.

  • Yes, you can handle your own bookkeeping. However, we recommend that you provide us with your Trial Balance, Profit & Loss, and Balance Sheet reports. We will then compile the T2 GIFI statements required for incorporated businesses, or the T2125 form if you’re filing as a sole proprietor. Doing your own bookkeeping can be time-consuming, so consider consulting an expert to ensure everything is in compliance with CRA standards.

  • Yes, we offer comprehensive packages that include tax filing for shareholders and their spouses. Combining tax filings can lead to better tax planning and coordination of benefits, especially when it comes to income splitting and other tax-saving opportunities.

  • The Quick Method for HST is available for businesses with under $400,000 in annual revenue. Instead of remitting 13% HST, businesses can elect to pay a flat 8.8% on HST collected, simplifying the tax process. This method is particularly advantageous if your business has minimal expenses, such as in IT or consulting services. However, the decision should be based on a careful calculation of your expenses. Consult your accountant for more details.

  • Yes, if your home office is used to meet clients or conduct business, you can claim a portion of your household expenses, such as utilities, mortgage interest, or rent. The deduction is based on the percentage of your home’s square footage used for the office. For example, if your office makes up 10% of your home, you can claim 10% of your related expenses.

  • Yes, if you plan to claim automobile expenses for tax deductions, you must keep a detailed logbook of your business mileage. In the event of a CRA audit, failure to provide this log could lead to disallowed expenses. It's best to track your mileage throughout the year to ensure accurate reporting.

  • We provide year-round support for our clients. General questions can be handled by email or phone without any extra charge. For more complex tax or financial calculations, we offer billing options based on the time required to resolve your queries.