Accounting for engineers in Ontario
Engineering firms bill by project or retainer, may carry work in progress, and often run a professional corporation.
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taxifi · Engineers
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Work in progress
Long projects mean revenue you've earned but not yet billed. We track WIP so your income reflects the work actually done.
Subconsultants and staff
Subconsultant payments and staff payroll are tracked and reported correctly, with the right slips at year-end.
Your professional corporation
The corporate books and year-end T2 are handled, with owner-pay planning built in.
What’s included
One flat monthly price for incorporated Ontario engineers. Everything below is in it.
- Project and retainer bookkeeping
- Work-in-progress tracking
- Payroll for staff and subcontractor reporting
- 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 work in progress?
Yes. WIP is tracked so revenue reflects the work actually done.
Do you work with engineering professional corporations?
Yes. Incorporated firms are a core fit.
Books and taxes for your engineering firm, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call