Tailored Accounting, Bookkeeping and Tax Solutions for
Empower your online business with our comprehensive Accounting, Bookkeeping, Payroll, CFO, and Tax services, positioned for growing businesses looking to scale.
Some of the businesses we’ve supported over the years
Who We Are
Your outsourced finance department that you can plug-and-play into your business.
We’re more than your outsourced finance team – we’re your growth partner. Our diverse, tech-savvy team is dedicated to propelling your business.
With one eye always on the future and your business goals, we offer strategic guidance, not just basic bookkeeping and tax compliance.
It’s always about you. We listen, understand, and deliver what you need to thrive. And then spring into action to help your business succeed.
Why We’re Different
There’s a reason that we are highly acclaimed by our clients
Expert Industry Specialization
Scalable & Flexible Systems
Local Expertise, Global Reach
Highly Tech-Forward
Tailored Solutions
Proactive Planning
Transparent Pricing
Data-Driven Decisions
5 Star Rated on Google
What We Do
Decades of bookkeeping, accounting, payroll and business advisory experience all under one roof.
Cloud Bookkeeping
Embrace the future of bookkeeping with our cutting-edge cloud solutions. Meticulous and secure, our services free your time and empower your business growth.
Payroll
Simplify payroll with our expert cloud-based services, ensuring accurate and on-time payments while handling deductions and compliance.
Sales Taxes (Canada and USA)
Simplify your sales tax compliance in Canada and the USA with our comprehensive solutions. Effortlessly navigate complex regulations, stay updated on thresholds and Nexus rules, ensuring seamless adherence to tax requirements.
Corporate and Personal Tax Returns
Enjoy compliance, precision, and peace of mind through our Corporate and Personal Tax services. Our experts handle tax preparation meticulously, ensuring error-free compliance.
Financial Statements
Gain clear insights into your financial health with our precise financial statement preparation and analysis. Our detailed financial statements provide a comprehensive view of your business’s performance.
Strategic Tax Planning
Beyond regular tax planning, our strategic tax planning services are designed to help you maximize tax efficiency while considering long-term financial goals.
Virtual CFO & Advisory
Elevate your business with our Virtual CFO & Advisory services. Benefit from experienced financial leadership and strategic guidance, minus the full-time CFO cost.
Accounts Payable Management
Streamline your accounts payable processes, optimize cash flow, and enhance vendor relationships with our accounts payable management solutions.
Who We Work With
We specialize in a small number of industries with unparalleled expertise.
eCommerce or Online Sellers
We’re your e-commerce accounting experts, mastering major platforms, payment gateways, and global sales tax rules. With valuable insights from our team, you can confidently scale your online business to new heights and have trust in your numbers.
SaaS or Tech Startups
We specialize in measuring SAAS metrics like MRR, Burn rate, Churn rate, and CAC, providing financial clarity to scale your startup. Our services, including Virtual CFO, Advisory, and Tax Planning, support your startup’s journey from launch to exit.
Creative Agencies and Influencers
For Creative Agencies and Influencers, we are able to capture project-based profits, identify margins, and streamline automation. We help you manage complex invoicing, receiving payments in multiple currencies and ensuring that you are charging the correct sales taxes.
For Influencers, we help you capture sponsorship and royalties revenue accurately and help monitor the growth of your business.
Not one of the above industries? No problem!
We can potentially customize our services to fit your needs. Reach out to our team to discuss.
Effortless integration with top-notch platforms and tools
We seamlessly integrate with your accounts to save time, provide better accuracy, and keep your books up to date at all times. So, you can focus on building your business.
Why Choose Think Accounting?
1. Year-Round Tax Strategy
Our proactive tax planning keeps your finances in check, ensuring you’re always ahead of tax changes.
2. Insightful Financial Reporting
We provide comprehensive data-driven reports, so you can make informed decisions with confidence.
3. Strategic CFO Advisory Services
Our strategic CFOs are your partners in growth, offering expert guidance to optimize your financial strategy.
4. Seamless Multi-Currency Transactions
Efficiency through automation and cloud solutions, transforming your financial management for the digital age.
5. Peace of Mind
Our services offer more than just financial management. We provide peace of mind with CRA liaison and audit protection, ensuring your financial security.
6. Responsive and Personalized Customer Service
We’re dedicated to meeting your unique needs, providing timely and personalized support.
7. Online Sales Tax Management
We navigate the complexities of e-commerce tax rules, ensuring compliance and minimizing liabilities.
8. Customizable Service Packages
Whether you’re a Startup or an upcoming unicorn, our tailored solutions are designed to fit your business like a glove.
9. Data Security
Your financial data is our priority. We’re committed to safeguarding your information with the highest level of security.
Latest News & Insights
Check out the latest articles from our expert CPA team, focusing on providing the most relevant accounting and tax advice for individuals, families, and businesses.
From Burden to Relief: Unraveling the CRA Taxpayer Relief Process
Introduction To the CRA Taxpayer Relief Process Navigating the realm of CRA penalties and interest is a common hurdle for many Canadian entrepreneurs. Each year, over 30,000 small businesses face penalties due to late filing....
CEBA Loan Extension: Read The Fine Print
In yesterday's announcement, the Canadian government introduced extended deadlines and added flexibilities for the Canada Emergency Business Account (CEBA) loan repayments. The CEBA Loan Extension is a move aimed at providing relief to...
Navigating Tax Implications of Asset vs Share Sale of Your Canadian Business
Tax Implications of a Share Sale An asset vs share sale is a complex tax scenario to address. Let's start with a share sale first. A share sale is essentially a purchase of the entire business. The buyer acquires the shares of the company...
Why You Should Hire An E-Commerce Accountant For Your Amazon Or Shopify Business
Read our in-depth article about how to find the right accountant for your business when you offer products or services through e-commerce.
Frequently Asked Questions
Do I need an online accountant for my business?
An online accountant can be a great choice for your business if you value convenience, efficiency, and staying up-to-date with the latest in your industry. With virtual meetings and paperless transactions, an online accountant can save you time and streamline your accounting processes.
How safe is online accounting?
Online accounting is safe and secure with encryption and authentication protocols in place to protect sensitive data. Think Accounting uses strong security measures, such as online portals, to ensure that your financial information is always safe.
What are the benefits of using online/virtual accountants?
Online/virtual accountants offer benefits such as accessibility, cost-effectiveness, and real-time financial data. They can provide financial advice, bookkeeping, and tax services from anywhere, making it easy for businesses to manage their finances.
Why choose Think Accounting over others?
Think Accounting offers personalized service, expertise, and competitive pricing. Our team has specialized knowledge of your industry and we genuinely care to see our business-owner clients succeed. Don’t take our word for it. Check out our Google Reviews.
What Services does Think Accounting offer?
Our primary offering is the core service package of Bookkeeping, Payroll, Monthly Reporting, Sales Tax, Corporate Tax and Personal Tax.
In addition to the core services, we offer Advisory Services that could be before you start (i.e. Business Plans), or ongoing (i.e. Cash Flow Analysis and Forecasting, Business Model building, Annual Tax Planning or Restructuring), or post-exit advisory (M&A advisory, Tax Structure for Exit).
Who is Think Accounting’s ideal customer?
Our ideal customer is a growth-minded business owner who sees value in the accounting and tax work as an important tool to enable their decision-making. We work with most industries, but have developed specialized knowledge in E-Commerce, Startups, Creative Agencies and Medical Practices.
How experienced is the team at Think Accounting?
Our team comprises CPAs and CPA Students who are experts in the fields of Cloud Accounting Technology, Bookkeeping, Tax Compliance, Advanced Tax Planning and Advisory. Our non-CPA team of Administrative and Payroll professionals are as important as our CPA team.
Are you/your team licensed or certified?
Yes, Think Accounting is registered with CPA Canada and CPA Ontario. Our CPAs and CPA Students are also registered members of the CPA body of Canada and Ontario in good standing.
Do you have an office that clients can visit?
We have an office in Mississauga, Ontario. However, the primary purpose of the office is for our team to gather every now and then. On rare occasions we may meet with clients in our office. Otherwise, our preference is to meet virtually because most of our team works completely from home.
Are you able to support a business which operates both online and offline?
We work with businesses whether they are an online startup or e-commerce business or a main-street restaurant, as long as they are able to work with us digitally. We do not accept paper receipts, etc. as source documents. We set up online systems and train our “offline” clients to ensure that they are set up for success with us.