Lawyers
Simplifying your tax matters with expert guidance
Expert accounting and tax support for lawyers
Are you a lawyer in Canada spending too much time on your finances and paying too much tax? We specialize in providing top-notch services to lawyers, ensuring that everything from basic bookkeeping to financial statements is taken care of and that your taxes are kept to a minimum. Our team is made up of Chartered Professional Accountants who have a deep understanding of the legal industry, so you can trust that your records and data are in good hands.
At Tax Heroes, we pride ourselves on offering transparent pricing, accurate and efficient bookkeeping, and customized reports and filing for both corporate and personal tax returns. Our goal is to make your life easier by handling all the accounting and taxation tasks for your law firm, so you can focus on what you do best - providing the best legal representation and solutions to your clients. We see you as more than just a client or file number - you're a trusted friend, and we strive to provide unique tax plan tailored to to you and your practice.
We also specialize in trust accounting, which can be confusing and complicated for those who aren't familiar with it. Our team has the expertise to help you manage your own trust funds, so you can have peace of mind that everything is taken care of. We also offer assistance in improving operational efficiencies, so you can spend more of your billable hours on your law practice. On top of all this, our team is well-versed in the taxation rules that apply to the legal industry in Canada and can help you find tax relief. We can also provide advisory services such as estate planning and year-end tax planning, as well as help you with buying or selling capital assets. Reach out to us today to discover more about how we can assist you.
At Tax Heroes, our team of experts can help you with all aspects of business and tax planning, including incorporation. Whether you need general business advice or specific tax guidance, we have the expertise to support you. We can also assist with the purchase, sale, or setup of a medical practice.
In addition to providing a range of accounting, tax, and advisory services for lawyers, we offer the following specific services:
Setting up a professional corporation
Training to internal team members
Implementing new technology to for process improvement and profit maximization
Automation
Preparation of notice to reader financial statements
Our tax services include:
Corporate tax return (T2) preparation
Sole proprietor lawyer tax return (T1) preparation
Tax planning
Holding company structuring
HST return preparation
Salary vs. dividend consideration
Tax minimization and tax relief
Whether you are an experienced professional, a partner at a law firm, or just starting your own practice, we have the expertise to support you. Contact us today to learn more about how we can help.
Tax Specialist for Lawyers in Toronto
As tax experts for lawyers in Toronto, we at Tax Heroes understand the specific challenges and potential risks facing legal professionals when it comes to tax compliance. Our extensive experience working with clients in the legal field has given us insight into what can trigger a tax audit by the Canada Revenue Agency and how to minimize any tax burden in the event of an audit.
Located in convenient locations in the Greater Toronto Area, our team of highly skilled and educated professionals can assist with all your tax and accounting needs. We are committed to providing ongoing support for the financial management of your practice, ensuring that the books are closed, staff are paid on time, and cash flow is effectively managed. Contact us today to learn more about how we can help you.
Accounting Services for Lawyers
At Tax Heroes, we specialize in providing accounting services for lawyers. Our team of accounting experts has the skills and knowledge to handle the complex accounting and tax needs of law practices. We are equipped to assist with tax filing, business management, and any other accounting services you may require.
If you are in need of accountants to support you, don't hesitate to contact us. Our team is ready to provide the expertise and support you need to succeed. Contact us today to learn more about how we can help.
Contact us
If you are seeking to establish financial goals for your law practice and require guidance on how to accomplish them, schedule a consultation with Tax Heroes. Our team of experts can assist with incorporating your practice and planning for retirement, as well as any other financial concerns you may have. Allow us to help relieve the burden and provide the support you need to thrive. Contact us today to schedule a consultation.