Testimonials

Sean Conlin

“Before working with Williamson Accounting, I was having a hard time finding an accounting professional that I could trust and get along with, but at Williamson Accounting, they are great. I can count on them for anything. Now I have peace of mind when I think about the financials of my business. They provide me with worry free service, are very professional, and friendly too. They took time out to understand my business and needs, listened to all my ideas and provide me with great service overall.”

Sean Conlin, President, Demand Sprinkler Design Inc.

 

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Williamson Accounting Inc. helping your small business to reduce taxes and simplify accounting in the Greater Toronto Area (GTA) and across Canada.

For a free initial conversation about your business, call (416) 444-8747 or Contact us.

Calculator imageMany businesses do not realize the benefits of hiring an accounting professional. In our daily business practice, we have come across clients who have had their tax return prepared by a "friend" or someone who prepares tax returns "on the side" Usually, when the client approaches us, it is because they have a problem – which is often a tax audit. The client doesn’t know why they were selected. But often we do, usually it’s because of unpaid taxes, excessive losses in hobby businesses or expenses in areas that create a red flag.

The self-employed professional can easily avoid these pit falls by knowing how to choose a competent professional to handle their accounting and tax preparation needs.

By: Michael L. Williamson, Tax and Accounting Specialist

Many business owners are fully aware of some of the common legal expenses, such as drafting a shareholder’s agreement, reviewing the contents of a lease agreement, reviewing an employment agreement, etc.  The list is extensive.  You might also know that these expenses are all deductible to the business.  The business gets the tax break. 

TaxmanIt’s interesting how what is not ok with family and social development, is perfectly fine with the law.

For example, it’s perfectly legal for a sibling to pay their brother or sister to do their chores. But I believe most parents would veto this idea, because although ok by law, it’s the principle that counts.

It’s clear that the law doesn’t always recognize that certain behaviours may be against other laws. Take for example, while it’s illegal to marry more than one person in Canada, our law for tax purposes will allow you to treat more than one person as a spouse, if each meet the definition under the income tax act.

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We are located near Sheppard Ave. and the 401/ 404 Hwy corridor at 203- 211 Consumer Road 
Toronto, ON M2J 4G8
Tel: 416-444-8747
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Quotable

Oscar Wilde

"Always forgive your enemies. Nothing annoys them more."

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