Accounting & Book Keeping
Expert Accounting & Book-Keeping Services in Toronto
Book-keeping for businesses of all sizes
For streamlining your business finances, from meticulous record-keeping to comprehensive financial analysis, our accounting and bookkeeping services offer a spectrum of support catered to businesses of all sizes in Toronto and the GTA. At RC Tax Accountant, we understand the unique challenges and opportunities faced by Ontario businesses and provide tailored solutions to meet your specific needs.
Comprehensive Financial Management: Bookkeeping as Your Foundation
As experienced tax accountants, we recognize that accurate and timely financial records are crucial for any successful business. Our dedicated bookkeeping services form the bedrock of sound financial management, freeing up your valuable time and resources so you can focus on growing your small business in Brampton, Oakville, Toronto, and across the GTA.
Our experienced bookkeepers are committed to providing tailored bookkeeping services that align perfectly with your goals and requirements. From fundamental bookkeeping tasks to in-depth financial analysis, we’ve got you covered every step of the way.
Consult an Expert
Streamlined and Accurate Recordkeeping
Our bookkeepers ensure your financial transactions are meticulously recorded and categorized, providing a clear and up-to-date picture of your business’s financial health. We handle essential tasks such as:
Reconciliations
Ensuring your bank statements match your internal records.
Entry
Accurately recording all income and expenses
Processing
Streamlining your payroll process including calculating and processing salaries and taxes.
Efficiently managing your business payments and customer collections.
Maximize Your Refund and Streamline Your Finances: Find a CPA Tax Accountant Near You (Toronto)
Contact us today for a free consultation and discover how Ricky Chawla CPA Professional Corporation accounting and bookkeeping services in Toronto and the GTA can help you achieve your financial goals and drive your business towards long-term success.
Improved Financial Reporting and Analysis
Accurate bookkeeping is the foundation for generating reliable financial reports. These reports are crucial for:
- Understanding your business performance: Tracking revenue, expenses, and overall profitability.
- Making informed decisions: Analyzing financial trends to support strategic business decisions.
- Tax preparation: Providing the necessary financial information for accurate and timely tax filing.
Why Choose Us
Why Choose Ricky Chawla CPA Professional Corporation for Your Accounting & Bookkeeping Needs?
Operating the latest online accounting software and tools to ensure accuracy and efficiency.
Providing tailored solutions that meet your specific needs within the local context.

We offer a comprehensive, one-stop-shop for all your accounting and bookkeeping needs.
We build strong, lasting relationships with our clients, providing ongoing support, proactive guidance, and personalized attention.
Commonly Asked Questions
Let us answer your queries, we believe in transparency, providing the correct information to our clients is our duty.
While not every business requires a full-time accountant, outsourcing to a professional can significantly benefit your business. They can free up your time, save you money in the long run, and ensure compliance with tax regulations.
Costs can vary depending on the complexity of your business, the services needed, and the experience level of the accountant. Many firms offer hourly rates, monthly retainers, or project-based fees.
There are various types of accountants, each specializing in different areas. Certified Public Accountants (CPAs) are best for complex financial matters like audits and tax planning. Chartered Professional Accountants (Chartered Accountants in Canada) are also qualified for a wide range of accounting services including taxes and business advisory. Consider your specific needs and budget when choosing an accountant.
An audit involves a tax authority reviewing your financial records for accuracy and compliance. If you receive a notice of an audit, your accountant can guide you through the process, represent you during interviews, and ensure proper documentation is provided.
Residency: If you're a resident of Canada for tax purposes, you generally report your worldwide income, including income from the US.
The Canada-US Tax Treaty: This treaty offers benefits like reducing withholding tax on certain income types or potentially exempting you from filing a US return if you meet specific criteria.
For an accurate picture of your tax situation, consult a cross-border tax specialist.
Cloud-based accounting software offers real-time access to your financial data from any device, facilitates collaboration with your accountant, and streamlines bookkeeping processes. Many accountants can seamlessly integrate their services with cloud-based software for improved efficiency.
We provide accounting services in Mississauga, Brampton, Oakville, Georgetown, Caledon, Vaughan, Toronto and surrounding areas in GTA.
RC Tax provide bookkeeping services for small to large corporations in Brampton, Oakville, Toronto, Mississauga, Georgetown, Caledon, Vaughan, and surrounding GTA.
Bookkeeping involves the systematic recording, organizing, and maintaining of financial transactions for a business. It's crucial for small to large businesses in Ontario to have accurate and up-to-date financial records for various reasons, including tax compliance, decision-making, securing financing, and understanding the financial health of the business.
While some small business owners may attempt to handle bookkeeping tasks themselves, it's often more beneficial to hire a professional bookkeeper, especially as the business grows. Professional bookkeepers in Ontario have the expertise and knowledge to ensure accuracy, compliance with Canadian tax laws, and efficient financial management, allowing business owners to focus on other aspects of their business.
Besides basic bookkeeping, some services offer specialized options like:
Payroll tax and remittance services: Manage payroll taxes and remittances to the Canada Revenue Agency (CRA).
Bookkeeping for specific industries: Tailored services for sectors like construction, healthcare, or non-profits.
E-commerce bookkeeping: Expertise in managing online sales and expenses.
Benefits of using a bookkeeping services for small business include:
Frees up your time: Focus on core business activities.
Improves accuracy: Reduces errors in financial records.
Provides financial insights: Gain better understanding of your business performance.
Ensures compliance: Helps stay compliant with Canadian tax regulations.
Yes, you will need to provide your bookkeeper with access to your financial records, such as bank statements, invoices, and receipts. They may also require additional information like your business registration number and tax identification number.
The cost of bookkeeping services depends on several factors, including the size and complexity of your business, the frequency of service, and the specific services you need. Hourly rates typically range from $20 to $80, while monthly retainers can range from $200 to $1,000 or more.
Client Testimonials
We always look forward to serve our clients with the best
Know what our clients say about us:
Creative Insight Pottery2025-02-20Trustindex verifies that the original source of the review is Google. If you are looking for a great professional accountant with lots of patience to help you with your taxes, we are having a great experience with Ricky and his team, we are very thankful for all the work he has done and looking forward to stay with him for a long time.
Owner's reply
Thank you! greatly appreciate your feedback and happy to help! roger singh2025-02-19Trustindex verifies that the original source of the review is Google. Extremely knowledgeable, especially when dealing with IRS, I highly recommend Ricky and his services
Owner's reply
Thank you! Greatly appreciate you taking the time. Best regards. Shireen Khinder2025-02-19Trustindex verifies that the original source of the review is Google. I have RC doing my personal taxes past 2 years and now i have them doing my business taxes too. I am very satisfied and happy with the service provided to me. Ricky is always responding with my queries and Swati is helping with my payroll in a very good timely manner. They helped ease my concern when i had to go away on vacation last December and filed my business taxes in time before i left. I highly recommend them for both personal and business tax returns.
Owner's reply
Thank you! Greatly appreciate your feedback. Happy to help! Sherry M2025-02-19Trustindex verifies that the original source of the review is Google. Excellent service! Thorough, prompt and friendly. Thank you!
Owner's reply
Thank you! Greatly appreciate your kind words. Happy to Help! nb kangwa2025-01-29Trustindex verifies that the original source of the review is Google. RC is fantastic! Their expertise, attention to detail, and professionalism has made my corporate tax filing experience positive and stress-free. Everything was explained clearly to ensure I get the best results while staying compliant. Highly recommend for anyone looking for a reliable, knowledgeable and very approachable tax expert!
Owner's reply
We appreciate your feedback and are always here to help with your accounting needs Bvd2025-01-19Trustindex verifies that the original source of the review is Google. Guy is perfect helpful. Honest. Friendly and feel as family Thanks. Ricky. For great help
Owner's reply
Thank you for your review! We truly appreciate your support and look forward to assisting you again! Sidak Singh2025-01-19Trustindex verifies that the original source of the review is Google. WOW!! What a great service I contacted the company for personal taxation, they assisted me throughout the process explaining me each and every step throughly without any hesitation. Apart from this, they also saved my time and money by providing me expert guidance. Glad to work with them.
Owner's reply
Thank you so much for your kind words! We’re thrilled to hear that our team was able to assist you with your personal taxation needs and provide the expert guidance you were looking for. It’s always our goal to make the process as seamless and beneficial as possible for our clients. We appreciate your trust in us and look forward to working with you again in the future! Winston Kangwa2025-01-06Trustindex verifies that the original source of the review is Google. Was having trouble doing my own taxes after becoming a self employed freelancer for the first time a couple of years ago. I ended up owing the tax government a lot of money for filing my HST and GST late (simply because I was new to this and did not know it was something that was done separately from filing your income tax). Ricky and his colleague Swati really helped take care of everything on my behalf and helped reduce the money I owed to the government in HST/GST substantially when they filed my HST and GST for me. I used to be reluctant to pay someone else to do my taxes for me but it's honestly very worth the peace of mind I get from just being able to focus on my career and not have to worry about that. And with these guys, I can assure you you're in great hands.
Owner's reply
Thank you so much for your kind words! We're glad we could assist you and make the process easy. If you ever need any tax or accounting help in the future, don’t hesitate to reach out! Pramod Kumar2025-01-06Trustindex verifies that the original source of the review is Google. I’ve been working with them and their expertise and attention to detail have been exceptional. They helped me with accounting services, filing taxes, and their guidance saved me both time and money. Highly recommend their services to anyone looking for a reliable and knowledgeable accountant! Alvina Fernandes2024-10-22Trustindex verifies that the original source of the review is Google. Ricky and his team provided prompt and thorough tax and accounting services. I came to Ricky with a fairly complex tax structure and after I provided him with all the initial documentation, he and his team went right to work and prepared the needed documentation shortly. He is knowledgeable about accounting and tax practices and exhibited a quick grasp of my personal and business structure.Verified by TrustindexTrustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more
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Focus on Your Business, We’ll Handle the Books.
From daily transactions to financial reporting—RC CPA provides accurate and stress-free bookkeeping.
