About Us

Located in the heart of Brampton. B&K Accounting Services provides bookkeeping, taxation and accounting services. We work with individuals and businesses in Greater Toronto Area including Peel and Halton regions.

Tax Services

We provide a variety of tax services for individuals and small businesses.

Personal Tax Return

We make sure that your personal tax return is filed properly and on time to avoid overpaying taxes and penalties.

Corporate Tax Return

We assist corporations with filing their taxes the right way to avoid penalties and discover the areas of potential savings.

Bookkeeping

We help businesses with their bookkeeping work including preparation of financial data and posting transactions.

GST / HST

We prepare and file HST online and can remit payments to Canada Revenue Agency for our clients .

Why We Are The Best Choice?

The success of your business relies on three primary forces… time, budget, quality.

Time

Accounting and bookkeeping time-intensive and requires specialized knowledge. Leave the legwork to us so you can focus on your business.

Budget

Avoid distraction and expense by leaving the tax stuff to us so you can focus on what you do best – your business.

Quality

Access high-quality proactive financial information by hiring qualified professionals with decades of accounting experience.

What People Are Saying

B&K Accounting Services is a great partner to have for our small business. I had confidence in them from our very first meeting and now it’s such a relief to have everything looked after. I would recommend them to anyone who wants worry-free accounting for their business.

-Gary Blake, ExpertBCS

Contact Us Today!

If we can assist you in any way with your tax, audit, review, payroll, bookkeeping or other accounting needs, please contact us via this form or by telephone at (647) 339-6222

Get a Free Consultation

Frequently Asked Questions

Over the years, our customers have asked us many questions, but these questions seem to frequent the most.

What do I do if I receive a letter from CRA?

If you receive a letter from Canada Revenue Agency, it’s always a good idea to show it to your accountant. Your accountant can work with you to advise you on what action, if any, is needed.

When should I consider outsourcing my accounting?

If your business is too small to hire an in-house accountant or you simply don’t have the desire to do it yourself, you should consider outsourcing the task. By outsourcing your accounting, you free yourself to focus on other aspects of your business. Note: Quickbooks and other bookkeeping software are not substitutes for working with qualified tax professionals.

What should be included in my profit/loss sheet?

You should include items from a few categories: revenue, cost of goods sold, cost of labour, and operating expenses. We can look at your unique situation and provide clarity on what you should include in your situation.

How does better accounting affect my bottom line?

Many small- and mid-size businesses fail to adequately measure and manage their finances, even though poor financial management is a major cause of business failure. If you don’t have good financial practices in place, your business could suffer in a number of ways, including lost revenue, insufficient tax planning, and missed financial opportunities. We can handle your profit and loss statements, monthly balance sheets, and regular account reconciliation to help you take back control of your finances without much effort on your part.

What are the best ways to separate my business and personal finances?

Mixing business and personal finances is a major problem for small-business owners. Not only does it create headaches at tax time, it also makes it difficult to track the profitability of your company. Worse-case scenario: you get audited by CRA and end up with major fines. Keeping these two parts of your money life separate is essential to preserve your sanity and to ensure you have a sustainable business model. Give us a call, we can guide you through the process.

Why should I choose a monthly accountant vs. less frequent methods of accounting?

It’s difficult to keep track of your accounting needs as you focus on the growth of your company. .

Monthly accounting services provide substantially more value than only an annual service. If an accountant only sees your numbers once a year, it is too late to offer advice that would have helped to make that year more profitable. And definitely too late to lower your tax liability for a year that is already over with. Here are five ways monthly accounting pays for itself: 1) It saves you time, 2) You get regular business profitability advice, 3)You have peace of mind that your finances are handled, 4) Your tax liability is reduced, 5) You can make more proactive financial decisions.

How can I transition from in-house to outsourced accounting?

Transitions are tricky, but preparing your business to switch to an outsourced accountant doesn’t have to be hard. Make your new financial partner is a good fit, plan ahead and be sure to budget enough time, set goals, and be mindful of potential obstacles. Give us a call for a quick consultation, we will help you through the process.

From our Blog

Our thoughts about the world of Accounting and Bookkeeping.