Accounting & Bookkeeping

At Blue Ocean Tax, we provide reliable monthly bookkeeping and accounting services for small businesses across Canada. Our services are designed to keep your financial records accurate, compliant, and ready for tax filings, financing, and business decisions.

We are proficient in QuickBooks Online, Wave, and Xero, and support cloud-based accounting solutions that allow real-time access to your financial information.

Our accounting and bookkeeping services include:

Monthly and quarterly bookkeeping
Bank and credit card reconciliations
Chart of accounts setup and optimization
Accounts payable and receivable support
Clean-up and catch-up bookkeeping
Management financial reporting

Financial Statements & Compilation Engagements

We prepare year-end financial statements, including Compilation (Notice to Reader) engagements, tailored to small business corporations and owner-managed businesses. Financial statements signed by a CPA are often required by the CRA, lenders, and investors for compliance, financing, and due diligence purposes.

Our financial reporting services support:

Corporate tax filings (T2)
Bank financing and loan applications
Investor and stakeholder reporting
CRA reviews and audits

Our Approach

We focus on accuracy, compliance, and practicality, ensuring your books are not only up to date, but structured to support tax efficiency and informed business decisions.

Our accounting services are designed specifically for small and mid-sized owner-managed businesses.

Who We Serve

Our CRA support services are tailored to the needs of:

Individuals and families facing CRA reviews, reassessments, or compliance issues
Self-employed professionals and sole proprietors dealing with income, expense, GST/HST, or payroll matters
Small business corporations (CCPCs) undergoing CRA corporate tax, payroll, or sales tax audits
Owner-managed businesses requiring representation, dispute resolution, or compliance clean-up