Accounting for auto repair shops in Ontario
Repair shops carry parts inventory, mark up labour and parts differently, and run technicians on payroll with shop equipment written off over time.
CRA EFILE authorized · Data stored in Canada · Every file reviewed by an accountant
taxifi · Auto Repair Shops
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Parts and labour margin, separately
Parts and labour are marked up differently. We split them so you can see margin on each side of the shop.
Parts inventory
Inventory and cost of goods are tracked so your real margin isn't a mystery at year-end.
Technician payroll
Technicians are paid on schedule with source deductions remitted to CRA on time.
What’s included
One flat monthly price for incorporated Ontario auto repair shops. Everything below is in it.
- Bookkeeping that separates parts and labour revenue
- Parts inventory tracked
- Technician payroll and source deductions
- HST returns prepared and filed
- Year-end corporate tax (T2), included
| Area | A typical setup | With taxifi |
|---|---|---|
| Your books | Weeks or months behind | Current every day |
| Year-end (T2) | A spring scramble, billed extra | Included, no surprise invoice |
| Your accountant | Metered by the hour | Unlimited questions, flat monthly |
Common questions
Can you track parts vs. labour margin?
Yes. Revenue and cost are split so you can see margin on each side of the business.
Do you work with incorporated shops?
Yes. Incorporated repair shops are a core fit.
Books and taxes for your auto repair shop, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call