Ontario Virtual CPA for Incorporated Small Business Owners

Clear Advice – Personal Service – Transparent Pricing

Work directly with me — an Ontario CPA with over 25 years of experience

Virtual Services for Ontario’s Incorporated Small Business Owners

Financial Statements (Compilation Engagements)

Accurate, professional financial statements prepared personally by me — giving incorporated small business owners the clarity, credibility, and insight needed to make confident decisions. Delivered 100% virtually through a streamlined process designed for busy small business owners.

Corporate Tax Filings (T2 Returns)

Your corporate tax return is prepared directly by me — compliant with CRA requirements and optimized for your incorporated small business. I simplify the year‑end process and help you reduce stress while saving valuable time.

Tax Minimization

Practical tax planning tailored to your incorporated small business. I help you identify legitimate opportunities to minimize corporate taxes — all explained clearly so you can make informed decisions with confidence.

CRA Representation

Professional support in dealing with the Canada Revenue Agency. Whether you have received a notice, request for information, or need help responding to a review, I handle the communication directly with CRA on your behalf — ensuring clarity, accuracy, and peace of mind.

Business Advisory

Guidance that helps you understand your numbers, spot risks and opportunities, and apply practical recommendations immediately — giving you the clarity to make confident, well‑informed decisions.

Business Succession Planning

Support for owners preparing to transfer their business to family, a key employee, or an external buyer. The focus is on the financial, tax, and operational steps needed for a smooth transition, with clear guidance on structuring the transfer, preparing financial information, and minimizing tax on the transaction

About Me

Running an incorporated business is demanding; your accountant should make life simpler. As an Ontario CPA, Licensed Public Accountant (LPA), and holder of a Master of Accounting (MAcc) degree, I provide clear, professional year‑end support — giving you confidence in your numbers and peace of mind around corporate tax compliance.

You always work directly with me. I personally prepare your financial statements (Compilation Engagements) and T2 corporate tax filings, ensuring everything meets CRA requirements and is delivered through a streamlined, 100% virtual process. My goal is to save you time, reduce uncertainty, and keep your year‑end predictable and free of surprises so you can stay focused on running your business.

Paul Palarchio

Why Incorporated Small Business Owners Trust My Professional Services

Professional CPA Standards

Services grounded in the precision, accountability, and ethical standards of a licensed Ontario CPA—maintaining expertise through ongoing professional development and applying it directly to the year‑end services your incorporated small business relies on.

Over 25 Years in Practice

I have been personally providing reliable, professional CPA services to incorporated small businesses since 2000. Now fully virtual for a faster turnaround time and a more convenient, streamlined year‑end experience.

Clear Advice, Predictable Fees

Straightforward guidance and transparent pricing—giving your incorporated small business confidence, clarity, and peace of mind with no surprises at year‑end.

Recovering a Denied HST Input Tax Credit Through Reclassification

CRA initially denied a client’s HST input tax credit on the purchase of a building, stating it was a residential rental property and therefore ineligible. After discussing the building’s actual use with CRA and clarifying the mixed‑use nature of the property, the building was reclassified and a 50% HST input tax credit was allowed.

Avoiding $10,000 in T1135 Penalties Through Voluntary Disclosure

A client had failed to file their T1135 Foreign Income Verification Statement for four consecutive years. I prepared and submitted the missing forms through the Voluntary Disclosure Program, allowing the client to correct the oversight and avoid over $10,000 in late‑filing penalties

Turning a Denied HST Rebate Into a $24,000 Refund

A client’s New Residential Rental Property rebate was denied after they filed it without the required documentation. I rebuilt the application with the proper supporting details, resubmitted it, and the claim was approved — resulting in over $24,000 recovered.

Supporting a Vehicle Expense Claim During a CRA Review

CRA requested additional information before allowing a client’s vehicle expense deduction. I prepared detailed supporting documentation, reconciled the bookkeeping records to the tax return, and outlined the vehicle type and business use. With the proper evidence in place, CRA allowed 100% of the claimed expenses.

A Clear, Predictable Year‑End Process

Before we begin, I take time to understand your corporation and its operations so the year‑end process is accurate, efficient, and tailored to your business.

1. Information Gathering Checklist

You receive a customized Information Gathering Checklist outlining exactly what is needed for your year‑end — keeping the process organized and predictable from the start.

2. Secure Document Upload

You gather your records and upload them using a secure online link. This virtual workflow eliminates travel, saves time, and keeps everything in one place.

3. Financial Statements & Corporate Tax Return Prepared

I personally prepare your financial statements (Compilation Engagement Report) and your T2 corporate tax return — ensuring accuracy, clarity and CRA compliance.

4. Virtual Meeting

We meet virtually to review your financial statements and corporate tax return. I explain everything clearly so you understand your numbers and next steps.

5. E‑Signatures & Finalization

You approve the financial statements and corporate tax return through secure e‑signatures. Once signed, I finalize the filings and provide organized year‑end documents for your records.

Ready for a Simplified Accounting Experience? Let’s Talk

I respond personally to every inquiry.

Contact Details

Email: paul@palarchio.ca

Service Area: Ontario, Canada (100% Virtual Services)