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info@nextstepaccounting.ca

(289) 815-6398

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9 - 207 Edgeley Blvd Vaughan,ON,L4K 4B5

Common Questions

Most Popular Questions

Next Step Accounting is a Canadian Chartered Professional Accountant (CPA) firm, dedicated to handling all your accounting and tax filing needs.

We provide a wide range of services within the accounting industry, including:

  • Corporate Tax Return Filing
  • Tax Planning and Optimization
  • Payroll Cycle Management
  • Annual Financial Statement Preparation
  • Business Incorporation
  • Monthly and Quarterly Bookkeeping
  • Budgeting and Feasibility Studies
  • Sales Tax Remittance: Federal and Provincial

We offer a wide range of latest virtual accounting solutions including Quickbooks Online, Xero, and TaxCycle. We make sure our clients are fully comfortable with navigating the software during on-boarding process. Our on-demand support team is available to answer any questions you may have.

We are privileged to serve a wide range of small and medium-sized businesses, including the following industries:

  • Professional Services – Real estate agents, insurance agents, financial consultants, IT consultants and more.
  • Home Service Contractors – HVAC technicians, plumbers, electricians, painters, and similar trades.
  • Health & Wellness – Gyms, salons, spas, dental practices, and related businesses.
  • Restaurants & Food Services – Fast food establishments, fine dining restaurants, coffee shops, caterers, and specialty food vendors.

Yes, we provide full support in federal compliance with the CRA's HST remittance policies including initial registration for new business and monthly, quarterly or annual HST/GST/QST remittance.

We are a fully remote, virtual accounting firm, serving clients across Canada from East to West Coast and international companies conducting business in Canada. No matter where you’re located, we’re here to help.

Once the on-boarding call is complete, we will provide a details plan catered to your needs. Generally, we aim to complete on-boarding and set up within 5 to 10 business days depending on the scope of catch up work required.

We take data security seriously and use industry-leading measures to protect your financial information. All data is encrypted in transit and at rest, stored on secure Canadian servers, and protected by multi-factor authentication and role-based access controls. We comply with PIPEDA and other Canadian privacy laws, conduct regular audits, and ensure all staff are trained in strict confidentiality and cybersecurity protocols. Our goal is to keep your information safe, private, and fully compliant at all times.

This is not necessary, as we will obtain a thorough understanding of your business during the initial consultation and design a plan customized to your business which includes catchup work at times to bring the books up to date and organized.

Yes, we offer comprehensive payroll services tailored to meet the needs of small and medium-sized businesses across Canada. Our virtual payroll solutions include employee onboarding, direct deposit setup, CRA remittances, T4 and ROE preparation, and ongoing compliance with federal and provincial regulations. Whether you have one employee or a growing team, we ensure your payroll is accurate, timely, and hassle-free.

We use google suite for most communications and data sharing with out clients. In addition, we use TaxFolder as well which is integrated with TaxCycle,which creates simplicity of use and saves you valuable time.