Type: Sole Proprietor
Industry: Construction & Contracting
A small renovation provider operating as a sole proprietor who manages all project work independently, leaving little time to handle bookkeeping and financial administration.
The Challenge:
When the client reached out, nothing had been done since last year-end.
Transactions were incorrectly categorized, records were incomplete, and no GST returns had been filed for the year. They needed more than just cleanup — they needed someone who could help them maximize their tax return, stay compliant, and set up systems that would actually support their business moving forward.
Our Solution:
We rolled up our sleeves and:
- Cleaned up and corrected all 2024 bookkeeping in QuickBooks Online, ensuring accurate records
- Completed quarterly bookkeeping from August 27 to December 31, 2024
- Filed their 2024 tax return with a focus on maximizing deductions and reclaiming overlooked expenses eg. home office expenses and business use of auto expenses
- Filed all quarterly GST returns for 2024
- Delivered clear, easy-to-understand Profit & Loss reports to help them monitor performance going forward
The Results
- 2024 taxes were filed accurately – we filed the outstanding taxes so that they could be CRA compliant
- They were able to maximize their return thanks to properly categorized expenses
- GST returns were brought up to date and made their account compliant
- The business now has quarterly visibility into profits and expenses, helping with planning and job costing
- All subsequent GST returns are on track for being filed on time now that the bookkeeping is being completed quarterly
- Owner has peace of mind knowing their finances are finally in order
- Year-end tax filing became smooth and stress-free
- Owner could focus on growing the business, not the books
Takeaway
Bookkeeping is more than just data entry — it’s the foundation of confident decision-making. With systems in place, the client is now set up for success, clarity, and confident decision-making.