IT Contractor Accounting

As a new enterprise you will have questions about your new opportunities and responsibilities.  It’s advantageous to get these issues addressed quickly and effectively to set you on the right path.  
 
At Beyond Numbers (BN) we are here to help you, so send us an email, give us a call or stop by our office. We are passionate about helping you enhance your business and personal financial well-being.  Our focus is on delivering tax solutions that are grounded and practical.

IT Contractor Accounting and Financial Services can include the following:

• Incorporations
• Start Up Package
• Bookkeeping Services
• Expense Mgmt. Training
• Private Health Plan
• Corporate Tax Preparation
• Financial Planning
• Wealth Management
• Incorporations and Signed Minute Book

What should I consider next?

• How should I incorporate?
• How will I choose my corporate year end?
• What share structure should I put in place for ownership? For control?
• Do I need a business number from Canada Revenue?
• Should I get a business license?
• Which GST method should I use?
• How will I handle and allocate income? Will I split it with my spouse?
• What salary will I have? If any?  
• How do I maximize my tax position?
• Do I need insurance to protect my company?  Myself?

These considerations and more will impact your tax plans for today and the future.  We will help in getting you started correctly.

What can I expense to my business?

• What expenses can I use in my home office?
• Should my company own my car?
• Can I expense my existing computers and software?
• How do I maximize expenses for joint business and personal travel?
• What other expense items do I have to consider?

We will help you understand what expenses you can deduct and we offer training in how to record and track them. Clear, well documented expense records will save you time and money!

What else should I be thinking about?

Opening a new business requires consideration of a number of services or needs, such as:

• A healthcare plan for yourself and dependents.
• The need for WCB as a contract obligation
• Liability insurance to protect you and your company
• Appropriate life and disability insurance

We will help you determine what “your” needs are for these products to ensure you are properly safe guarded.