Accounting Services for Contractors
Specialized tax and accounting services built for contractors, tradespeople, and construction businesses across Ontario.
We Serve Contractors In All Trades
- General Contractors
- Tradespeople & Skilled Trades
- Trucking & Transportation
- Construction Companies
- Electricians
- Plumbers
- Painters & Decorators
- HVAC Technicians
- Renovation Contractors
- Landscapers
The Contractor Challenge
Contractors Face Unique Financial Challenges
- Irregular income makes tax planning difficult
- Tracking job costs and profitability is complex
- HST obligations can catch you off guard
- Equipment and vehicle deductions are often missed
- Subcontractor payments create T4A obligations
- CRA scrutinizes contractor businesses closely
We understand these challenges — and we know exactly how to solve them..
The ASP Solution for Contractors
We specialize in contractor accounting. We know your industry, your deductions, and your CRA obligations inside and out.
- Maximize every legitimate deduction
- Stay HST compliant year-round
- Track profitability by job or project
- Handle all CRA correspondence
- Prepare for tax season all year long
- Get clear monthly financial reports
Our Contractor Accounting Services
Contractor Tax Returns
Specialized T1 and T2 tax preparation for contractors and self-employed individuals. We know the deductions that apply to your trade
- T1 Self-Employment Filing
- T2 Corporate Returns
- CCA (Capital Cost Allowance)
- Vehicle & Equipment Deductions
- Home Office Deductions
- Tool & Supply Write-offs
HST/GST for Contractors
Accurate HST collection, remittance, and input tax credit claims for your contracting business.
- HST Registration
- Quarterly HST Filing
- Input Tax Credits (ITCs)
- Quick Method Elections
- CRA Audit Support
- Voluntary Disclosures
Bookkeeping for Contractors
Job-costing and project-based bookkeeping to track profitability on every contract you take on.
- Job Costing
- Project Profitability Tracking
- Subcontractor Payments
- Equipment Tracking
- Monthly Reconciliations
- Financial Statements
Payroll for Contractors
Manage your crew’s payroll accurately, including T4 slips, ROEs, and CRA remittances.
- Weekly/Bi-weekly Payroll
- T4 Preparation
- Record of Employment (ROE)
- CRA Remittances
- Workers' Compensation
- Subcontractor T4A Slips
Incorporation Services
Guidance on whether to incorporate your contracting business and the tax advantages it can provide.
- Incorporation Analysis
- Tax Savings Comparison
- Corporate Structure Planning
- Shareholder Agreements
- Dividend vs. Salary Planning
- Ongoing Corporate Support
CRA Audit Support
If CRA comes calling, we’re in your corner. We handle all correspondence and representation
- CRA Correspondence
- Audit Representation
- Document Preparation
- Objection Filing
- Voluntary Disclosures
- Back-Tax Resolution
Stop Leaving Money on the Table
Most contractors overpay taxes because they don’t have the right accounting support. Let’s fix that.
Supporting Contractor Businesses
With over 20 years of accounting experience working across numerous industries, we understand the financial needs of contractors and service professionals. Our goal is to help contractors maintain accurate financial records, remain compliant with the Canada Revenue Agency, and focus on growing their businesses.
Ready To Get Your Finances Under Control?
Let's clean up your books, simplify your taxes, and give you the clarity your business deserves.
