Accounting for flooring contractors in Ontario
Flooring mixes supply-and-install jobs with labour-only work, which changes how materials, margin, and HST flow through the books.
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taxifi · Flooring Contractors
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Supply-and-install vs labour-only
The two kinds of work carry different margins and HST flows. We track them separately so your pricing is built on real numbers.
Materials that eat the margin
Product costs are captured per job so overruns show up now, not at year-end.
Subs and crews, reported right
T5018 slips for subs, payroll for the crew, both handled and filed on time.
What’s included
One flat monthly price for incorporated Ontario flooring contractors. Everything below is in it.
- Supply-and-install vs labour-only jobs tracked separately
- Materials and inventory costs captured
- T5018 subcontractor slips prepared and filed
- Crew payroll and source deductions
- 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
I do both supply-and-install and labour-only. Does that matter?
Yes, and we track them separately so your material margins and labour rates are both visible.
Do you handle my installers' T5018s?
Yes. Sub payments are tracked and reported as CRA expects from construction businesses.
Books and taxes for your flooring contractor, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call