Startup Accounting and Tax Services in Ontario
Startup accounting that covers cloud bookkeeping, SR&ED tax credits, and investor-ready financials for founders across Southern Ontario.
Why do startups across Southern Ontario choose Ontario Tax Team?
Founders pick our team because we handle the full financial back office, T2 corporate return, SR&ED claim, payroll, and cap table, without forcing you onto a generic small business package. Building a startup is hard enough on its own. Getting your finances right from day one is not optional, and the stakes compound fast once outside money enters the picture.
Investors will want clean books before they wire a cheque. The CRA still expects your HST returns and T2 on time, even if you are pre-revenue. You also need accurate numbers in front of you when you make calls on hiring, on runway, and on when to push for the next round.
Ontario Tax Team works with early-stage and growth-stage startups across Southern Ontario and the GTA. We take care of the bookkeeping, filings, and reporting so founders can stay focused on shipping product and finding customers. From the first QuickBooks Online setup through SR&ED and Series A diligence, our team becomes the finance function your startup does not yet have.
Solo founder in a co-working space? Team of fifteen preparing for a Series A? We tailor the engagement to your stage and your budget. Our founder, Samer Al-Assali, has worked with dozens of Ontario startups, from SaaS and e-commerce to agency and hardware, and understands the financial reality of building something from scratch.
What startup accounting services do you cover?
Our startup accounting work runs from day-one bookkeeping setup through SR&ED filings and Series A diligence. The list below covers the engagements we deliver most often for Ontario founders.
- Cloud bookkeeping with QuickBooks Online or Xero
- SR&ED tax credit preparation and filing
- Incorporation advisory (sole proprietorship vs. corporation)
- Financial projections and cash flow forecasting
- Cap table management, stock option plan (ESOP) tracking, and equity records
- Startup tax planning and optimisation (CCPC small business deduction)
- Investor-ready financial statements for seed and Series A rounds
- HST registration and filing
- Payroll setup for early-stage teams, including founder salary vs dividends planning
- T2 corporate return preparation and CRA correspondence
What's included in a startup engagement?
Every startup engagement includes the core finance work you need to stay onside with the CRA. We then layer on investor-grade reporting and cash flow forecasting as your round gets closer.
We set up and manage your books in QuickBooks Online or Xero, so your finances stay accessible, organised, and ready for investors or tax season.
If your startup invests in research and development, you may qualify for significant refundable tax credits. We prepare and file your SR&ED claim to maximize your return.
Choosing between a sole proprietorship and a corporation affects your taxes, liability, and ability to raise funding. We help you make the right call at the right time.
Clean financial statements, accurate projections, and organised records that give investors confidence. We prepare the numbers that help you close your seed or Series A round.
Startups live and die by cash flow. We build forecasting models and track burn rate so you always know your runway.
From founder shares to option pools, we help you maintain an accurate cap table that is ready for due diligence at any stage.
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