Accounting for Information Technology Companies
We work for IT consultants and Software companies

Some of our clients work in the IT sector. Most of them are independent contractors, software developers who registered their corporation and providing software development services from the name of that corporation, so we are well aware of all aspects of the IT contracting business.
We also serve small and medium-sized IT companies that provide website development, hosting, security, mobile application development, and various other services to their clients. IT business is very familiar to us, and we are confident we can provide quality accounting services to your company as well.
Accounting services for independent IT consultants
At the end of your tax year, along with your tax return, we will prepare a set of financial statements, such as income statement, statement of financial position (balance sheet), cash flow statement, statement of changes in Equity.
Payroll for independent contractors
The majority of our clients prefer dividends plus salary due to the low tax rates for dividends, and for IT consultants who wish to receive a salary, we can calculate PayRun and let you know how much taxes and CPP you need to pay each month. We can also help to open a Payroll account for your corporation and deal with all communication with CRA.


Accounting services for Software Companies
Besides, IT companies may have employees or subcontractors, and proper salary calculation is essential for that kind of business.
We are familiar with all sides of IT companies’ business and successfully provide accounting services to small and medium-sized IT firms.
Tax preparation for truck drivers
We know that trucking is a low-margin business, and every dollar you can save on taxes will help increase your business performance; that is why having the right tax specialist is essential for your business.
At Taxory, we are preparing tax returns for tax drivers and trucking companies. We know all aspects of the trucking business and tax law to offer you the most efficient solution.
Zero-rated supplies of goods and services (HST/GST)
One of the critical aspects of carriers (truck drivers or trucking companies) is zero-rated HST, which means GST/HST of 0% is charged, so you do not collect the GST/HST. Besides, you may be eligible to recover GST/HST, which you already paid on your purchases (ITC), and an experienced accountant can help you get a maximum GST/HST refund.
Whether you are an individual truck driver or an established trucking company, we are confident that our tax preparation services and advice will save you a lot of money, time, and effort.

Accounting and bookkeeping software for IT companies
If the software you use not on the list, do not worry. We will figure out how to get the data we need pretty fast.







Corporate tax return for IT Companies
At the end of your tax year, we will prepare your corporate tax return with the set of financial statements if you subscribed to any of our bookkeeping packages, the tax return preparation and filing free of charge. You can learn more about our fees there.
HST calculation
We will calculate your quarterly or yearly HST payments and help with any tax-related questions.
GST/HST Quick Method of Accounting for IT companies
You may consider switching to a Quick tax method to minimize your HST tax payments because IT companies do not have a large number of expenses from which they can claim an input tax credit (ITC). However, with Quick Method, they will still get an ITC on their purchases of capital assets. The Method is designed for a small corporation and usually fits most of our independent contractors. Let us know if you want to discuss this. We will assess your company and let you know if you qualified and what the savings are.