Tax, bookkeeping, and compliance for independent consultants, contractors, freelancers, and incorporated technology businesses.
The problems in contractor books are rarely just data-entry errors. They are assumptions that were never checked.
Alex Teplov, CPA · Principal
Choose the profile that sounds most like your current situation. Each leads to a focused page on what we look at and how it gets resolved.
Left T4 employment and now dealing with business income, GST/HST, and tax set-asides.
View profileCurrently filing as a sole proprietor and weighing whether to incorporate before the next contract or fiscal year.
View profileNeeds T2, owner compensation, GST/HST, and shareholder transactions to line up.
View profileSingle-client, long-tenure, or agency contract facts need review before CRA asks.
View profileOn a long-tenure contract at one federal department in Ottawa or Gatineau, placed through a staffing agency.
View profileUSD deposits, foreign invoices, exchange-rate support, and GST/HST export-service documentation.
View profileRecords are sitting in bank feeds, email, and receipts — or AI is handling bookkeeping but the output has not been reviewed by a CPA.
View profileAlready have an accountant, but the file does not reflect IT contractor specifics: PSB exposure, agency GST/HST, or owner compensation.
View profileNot generating income right now, but not being wound down either. T2, corporate registry, and minute book obligations still need to stay current.
View profileWe discuss your business, your current accounting and tax situation, and whether we're the right fit to work together.
We review your existing bookkeeping, tax filings, corporate records, and government accounts to understand your current position and determine the scope of work required.
A fixed-fee proposal based on the actual condition of your file, not assumptions.
Ongoing work begins inside a dedicated Microsoft Teams workspace.
Four fixed-scope packages covering setup, ongoing compliance, dormancy, and corporation wind-down for Canadian IT professionals. Every engagement is handled directly by Alex Teplov, CPA.
Business setup & onboarding
For IT professionals just starting out, recently incorporated, or operating without the registrations, bookkeeping, and corporate records needed before recurring compliance begins.
Ongoing compliance
For incorporated IT professionals billing consistently who need bookkeeping, tax filings, instalments, and owner compensation decisions managed throughout the year.
Dormant corporation maintenance
For a corporation that is not currently generating income but is not being wound down either, kept in good standing while a longer-term decision is worked out.
Corporation wind-down
For IT professionals stopping operations who need final filings, account closures, shareholder distributions, and clearance certificate coordination handled in the right order.
Launch and Close are one-time engagements. Run and Hold are ongoing retainers. Scope and fee confirmed at onboarding.
A short read on the questions IT professionals ask most when their file is opened for the first time.
Pricing is confirmed after the New Client File Review. Every business has a different bookkeeping history, filing status, and level of complexity. The review allows us to define the scope of work and provide a fixed-fee proposal based on the current condition of the file.
No. Teplov CPA works with sole proprietors filing T2125 schedules and incorporated IT contractors filing T2 corporate returns. If you are not incorporated yet, the decision can be reviewed before you add corporate complexity.
We work in QuickBooks Online. If you are already on the platform, we connect to your existing file. If you are starting fresh, we set up the chart of accounts around contractor income, software costs, GST/HST, and owner draws.
Yes. We handle GST/HST registration, periodic filings, and input tax credit tracking throughout the year. We also advise on when the registration threshold applies to your taxable revenue stream.
Usually, once the corporation is registered or required to register. For most businesses, CRA's small-supplier threshold is based on taxable supplies over a single calendar quarter or the previous four consecutive calendar quarters. Many full-time IT contracts cross the $30,000 threshold quickly, but the timing depends on invoice amounts and dates. Once registered, your corporation charges GST/HST on taxable Canadian invoices, the agency pays it into the corporate account, and the net tax is remitted to CRA after eligible input tax credits.
No. GST/HST paid into your corporate account is collected on behalf of CRA and must be reconciled on your next GST/HST return. Treating it as spendable income is one of the most common and costly mistakes for new incorporated contractors. The amount owed depends on your filing period and any eligible input tax credits.
Yes. U.S. client income is common for Canadian IT contractors. We help organize invoices, exchange rates, GST/HST treatment, and Canadian reporting so the income is not left as a vague bank deposit at year-end.
Yes. A personal services business (PSB) determination turns on the actual working arrangement, not the contract wording. See the PSB risk guide in Resources, or start a PSB review.
Potentially. Long-tenure single-client contracts placed through a staffing agency are a higher-risk pattern, and the agency relationship does not automatically provide protection. A review is worth doing before the contract renews.
Share your business structure, clients, software setup, and the part of the file that feels least organized. Teplov CPA responds within one business day. This is for new inquiries; once an engagement begins, ongoing work moves to a dedicated Teams workspace.