Professional Services
Accounting built around independent professionals and incorporated practices.
Professionals manage more than client work. They manage billings, retainers, commissions, HST/GST, expenses, payroll, corporate tax, personal tax, and long-term planning decisions.
We support consultants, realtors, lawyers, engineers, IT professionals, and other service-based professionals with accounting, tax, bookkeeping, and advisory conversations designed around how professional practices operate.
Our role is to help you stay organized, understand your numbers, and make better decisions for your business, family, and future.
Why It Matters
Professional income needs more than basic tax filing.
Professional service businesses often have complex income and expense patterns.
There may be corporate income, personal income, HST/GST filings, commission income, retainers, subcontractor payments, professional dues, insurance, home office expenses, vehicle expenses, payroll, and year-end tax obligations.
For incorporated professionals, corporate and personal tax decisions often connect. That is why clear records and coordinated planning matter.
Who We Help
Support for professionals building independent practices.
We work with professionals who want their accounting and tax work handled with accuracy, structure, and long-term care.
Consultants & IT Professionals
For consultants, contractors, and IT professionals managing client contracts, business expenses, HST/GST, corporate tax, and personal tax coordination.
Realtors & PRECs
For realtors operating personally or through a Personal Real Estate Corporation, with support around commission flow, corporate tax, HST/GST, bookkeeping, and year-end planning.
Lawyers & Legal Professionals
For legal professionals managing professional income, expenses, trust-related coordination where applicable, payroll, and personal or corporate tax needs.
Engineers & Technical Professionals
For engineers, project consultants, designers, and technical service providers managing business income, expenses, contract work, and incorporation questions.
Incorporated Professionals
For professionals operating through a corporation and needing coordinated corporate tax, personal tax, compensation, and long-term planning conversations.
Services Include
Accounting and tax support built around professional service businesses.
Corporate Tax & Year-End Coordination
Corporate tax preparation, bookkeeping review, payroll slips, HST/GST filings, and personal tax coordination for incorporated professionals.
Personal Tax Coordination
Support coordinating personal tax with salary, dividends, commissions, business income, investment income, and other planning considerations.
HST/GST Filing Support
Support with HST/GST record organization, filing coordination, input tax credit documentation, and related questions where applicable.
Bookkeeping & Financial Reporting
Monthly, quarterly, or year-end bookkeeping support to keep professional income and expenses organized.
Commission & Retainer Tracking
Support organizing commission income, retainers, client payments, deposits, professional fees, and related revenue records.
Expense Tracking
Organization of professional dues, insurance, software, marketing, vehicle expenses, home office costs, subcontractors, and other business expenses.
Incorporation Conversations
Support reviewing whether incorporation may be relevant based on income, expenses, savings capacity, risk, and long-term planning goals.
Compensation Planning
Salary and dividend conversations for incorporated professionals, coordinated with personal tax, corporate cash flow, CPP, RRSP room, and family goals.
CRA & Compliance Support
Support with CRA correspondence, documentation requests, HST/GST reviews, payroll questions, and record organization.
Planning Topics
Professionals need clear numbers before decisions are made.
A successful professional practice requires more than strong revenue. Owners also need to understand tax obligations, cash flow, expenses, compensation, incorporation, and long-term planning opportunities.
We help professionals create space for these conversations before decisions become urgent.
Should I Incorporate?
Incorporation may become relevant depending on income, expenses, savings capacity, professional obligations, and long-term planning goals.
Am I at Risk of Personal Services Business Rules?
For incorporated contractors, PSB risk should be reviewed carefully based on the working relationship, control, independence, contract terms, and the facts of the engagement.
Should I Pay Myself Salary or Dividends?
Owner compensation should be reviewed in the context of tax, cash flow, CPP, RRSP room, corporate savings, and personal financial needs.
Does HST/GST Apply to My Services?
Many professional services may require GST/HST registration and filings once registration requirements are met, but treatment depends on the nature of the services and the facts.
Are My Expenses Properly Documented?
Business expenses should be supported by clear records, receipts, invoices, mileage logs where relevant, and proper categorization. CRA requires businesses to keep records supporting income and expense claims.
Is My Professional Corporation Set Up Properly?
For incorporated professionals, structure, compensation, bookkeeping, corporate filings, and personal tax should be reviewed together.
Our Approach
We begin by understanding how your professional practice operates.
Every professional practice has its own revenue model, client base, expense pattern, structure, and goals.
Before providing guidance, we take time to understand how you earn income, track expenses, pay yourself, manage obligations, and plan for the future.
Understand
We review your professional income, business structure, client contracts, payment flow, expenses, HST/GST status, and prior filings.
Organize
We help organize bookkeeping records, revenue reports, expense documents, payroll information, HST/GST records, and supporting files.
Coordinate
We coordinate bookkeeping, HST/GST filings, corporate tax, personal tax, and payroll where relevant.
Plan
We support planning conversations around incorporation, compensation, cash flow, professional expenses, retirement, and long-term goals.
Support
We remain available throughout the year for questions, filings, reporting, CRA correspondence, and planning conversations.
Financial Clarity
Clear records help professionals make better decisions.
When professional income and expenses are organized, it becomes easier to understand profitability, cash flow, tax obligations, and planning opportunities.
Clear accounting also helps prepare for incorporation conversations, financing, retirement planning, CRA correspondence, and long-term wealth decisions.
Good records do not only help with tax filing. They help you run your practice with more confidence throughout the year.
Key Benefits
Connected Thinking
Your professional practice, family, and future are connected.
For many professionals, the business is both an income source and a long-term financial asset.
Decisions around tax, incorporation, compensation, cash flow, retirement, insurance, and estate planning can all connect over time.
Through SG's relationship-based approach, clients benefit from thoughtful conversations that consider the person, family, and business behind the professional practice.
Questions
Common questions from professional service providers.
Let's Start
Bring clarity to your professional practice.
Whether you are self-employed, incorporated, or considering your next step, we are here to help you stay organized and understand your numbers.
Start with a conversation.