Accounting for franchisees in Ontario
Franchisees follow the franchisor's reporting, pay royalties and marketing fees, and often run more than one location.
CRA EFILE authorized · Data stored in Canada · Every file reviewed by an accountant
taxifi · Franchisees
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Reporting your franchisor expects
We keep your books in the format the franchisor requires, so reporting is painless and on time.
Royalties and marketing fees
Royalty and ad-fund payments are tracked cleanly against your sales.
More than one location
Each location is tracked distinctly and rolled up for the corporation, so multi-unit growth stays clear.
What’s included
One flat monthly price for incorporated Ontario franchisees. Everything below is in it.
- Bookkeeping aligned to franchisor reporting
- Royalty and marketing-fee tracking
- Multi-location bookkeeping if you have more than one
- Payroll, HST, 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
Can you match my franchisor's reporting format?
Yes. We keep your books in line with what the franchisor requires so reporting is painless.
Do you handle multiple locations?
Yes. Each location can be tracked distinctly and rolled up for the corporation.
Books and taxes for your franchise business, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call