Running a business is demanding.
When it comes to handling accounts and taxes for sole proprietors or self-employed persons, going it alone can be demanding, and the right support will prove invaluable.
At Prime Factor, we are your trusted accounting company in North York that is proud to work with sole proprietors & self-employed individuals including real estate agents, independent contractors, independent professionals, freelance designers, IT professionals, web developers, programmers and others.
Sole Proprietor Startup Package
Going self-employed is a big step. It’s not easy, but ultimately it can be very rewarding. Prime Factor’s sole proprietor start-up package, gives you the tools you need to stay on top of the financial aspects of your business from day one.
Sole Proprietor Bookkeeping
As revenue grows, it adds to monthly bookkeeping. Our team will help you stay on top of HST, WSIB and other remittances that may be due. Plus, you’ll get up to the minute reporting that identifies trends and opportunities to allow you to concentrate on what you do best.
Support and Representation
Our qualified bookkeeping experts can help with CRA & WSIB assessments, phone calls, meetings and required documentation. Let our experience simplify any complications and keep stress to a minimum.
Thinking of Incorporating A Business?
Most growing businesses will incorporate it at some point. There can be considerable tax advantages, in addition to a reduction in personal liability. On the other hand, more administration is required, including a corporate tax return.
At Prime Factor, we can help you decide if incorporation makes sense for your business, advise you on the best type of corporation and share structure and handle incorporation on behalf of your new company.