Small Businesses
Small Businesses
At Blue Ocean Tax, we provide comprehensive accounting, tax, and advisory services designed to support small businesses across Canada. We understand that running a small business comes with unique challenges—managing cash flow, staying compliant with CRA rules, and planning for growth—while still focusing on day-to-day operations.
Our goal is to simplify your finances, reduce your tax burden, and give you peace of mind, so you can focus on growing your business.
We work with a wide range of small businesses, including:
- Sole proprietors and owner-managed corporations
- Consultants and independent professionals
- Retail and e-commerce businesses
- Restaurants and hospitality businesses
- Real estate agents and brokerages
- Trades, trucking, and service-based businesses
- Startups and growing enterprises
Our Small Business Services
Business Setup & Incorporation
- Advice on whether to operate as a sole proprietor or corporation
- Federal and provincial incorporation
- Business name registration
- CRA registrations (Business Number, GST/HST, Payroll)
Bookkeeping Services
- Day-to-day bookkeeping and transaction recording
- Bank and credit card reconciliations
- Accounts payable and receivable tracking
- Monthly and year-end financial statements
- Clean, organized, and tax-ready books
Tax Preparation & Planning
- Personal (T1) and corporate (T2) tax return preparation
- Proactive tax planning to minimize taxes
- Expense and deduction optimization
- Support for late or prior-year tax filings
GST / HST / QST / PST Compliance
- Sales tax registration guidance
- Accurate preparation and filing of sales tax returns
- Ongoing compliance and CRA support
Payroll Services
- Payroll setup and processing
- CRA payroll remittances
- T4 and year-end payroll reporting
- Owner-manager compensation support
Financial Statements & Reporting
- Notice to Reader (Compilation Engagement) financial statements
- Financial reports for banks, lenders, or internal use
- Support for financing and credit renewals
CRA Support & Advisory
- CRA correspondence and audit support
- Objections and appeals
- Voluntary disclosure assistance
Why Consultants Choose Blue Ocean Tax
- Experience working with small and owner-managed businesses
- Integrated bookkeeping, tax, payroll, and advisory services
- Practical, easy-to-understand advice
- Proactive support—not just year-end filing
- Confidential, accurate, and timely service
Let Blue Ocean Tax Support Your Business
Whether you’re just starting out or running an established small business, Blue Ocean Tax provides reliable accounting and tax solutions tailored to your needs.
Contact Blue Ocean Tax today for a free consultation and let us help you manage your business finances with confidence and clarity.
