Accurate books are the foundation of every tax filing, loan application and business decision. Lira Tax & Accounting keeps your records reconciled and current — monthly bookkeeping, catch-up cleanups and year-end financial statements for businesses of every size, self-employed owners and new corporations across Canada.
Keep your financial records in order without losing valuable business hours. We handle transaction categorization, bank and credit card reconciliations, accounts payable and receivable, month-end closes and accurate ledger maintenance, so you always know where your business stands.
Good bookkeeping means recording transactions as they happen, reconciling every account against the ledger and closing each month with a trial balance, income statement and balance sheet. The numbers stay current all year, not just when the tax deadline arrives — and your accountant, lender or the CRA can rely on them.
Ideal forBusiness owners of every size — retailers, contractors, service companies, professionals and self-employed owners — including new corporations that need clean books from day one.
Start where your books are today. Most clients move from a cleanup into ongoing monthly bookkeeping.
Best for: Behind on your books, or inheriting a mess
Best for: Owners who want current numbers all year
Best for: Businesses heading into tax season
Not sure which fits? Tell us where your books stand and we will point you to the right starting point.
Book Free ConsultationA steady rhythm, so nothing piles up and nothing surprises you at year-end.
Bank feeds, receipts and invoices are captured and categorized in your cloud accounting file.
Bank, credit card and payment-processor balances are matched to the ledger, and differences are chased down.
Trial balance, income statement and balance sheet are prepared so you can see how the month went.
We flag anything that needs your decision and review the numbers with you — quarterly, or when you need us.
Clear, standard financial reports — the same ones lenders, investors and the CRA expect to see.
Revenue, expenses and profit for the period, so you see whether the business is making money.
What the business owns and owes on a given date: cash, receivables, payables and equity.
Every ledger account in one list that proves the books balance before statements are prepared.
Who owes you, whom you owe, and what is due, so cash flow never sneaks up on you.
Proof that your bank, credit card and processor accounts (Stripe, Square, Moneris) match your books.
A tax-ready bookkeeping file and financial binder your accountant and the CRA can rely on.
Your books live in secure cloud accounting software, so you can see your numbers whenever you like — not only when we send a report.
We can set up and integrate cloud accounting software for your business, including bank feeds and reconciliations.
Transactions, reconciliations and month-end reports stay current in a system you can log into any time.
Tell us which software or spreadsheets you use. We will say honestly whether we can work with it or recommend a move.
People use the two words interchangeably, but they are different jobs. Most businesses need both.
| Bookkeeping | Accounting | |
|---|---|---|
| Focus | Recording and organizing every transaction | Interpreting the numbers and using them to plan |
| Typical tasks | Categorizing, reconciling, tracking payables and receivables | Financial statements, tax filings, planning and advice |
| Timing | Ongoing — daily, weekly or monthly | Periodic — quarterly, at year-end and when decisions arise |
| You get | Accurate, up-to-date books | Statements, tax returns and clear direction |
Lira Tax does both under one roof, so the books we keep are the books we file your taxes from.
Whoever you pick, here is what a good bookkeeping partner should offer:
Good bookkeeping is also what keeps you compliant. Two rules every Canadian business should know:
Generally, keep your books and supporting documents for six years from the end of the last tax year they relate to. Some records, such as property purchases and share registers, need to be kept longer.
Most businesses must register for GST/HST once their taxable revenue passes $30,000 in a single calendar quarter, or over four consecutive calendar quarters. Bookkeeping that tracks sales tax from the start makes registering and filing straightforward.
Every business is different, so we quote each one individually instead of publishing a one-size-fits-all price. You will know exactly what you are paying before we start.
Prefer to talk it through first? Call us, or send a quote request.
Call (437) 421-7171 Request a QuoteMeet us in person at any of our four offices, or work with us by phone and video. We keep books for clients across Ontario, Alberta and the rest of Canada.
Because your books live in the cloud, we keep books for businesses in other provinces and territories across Canada too, by phone and video. Tell us where you are and we will confirm how we can work together in your free consultation.
“I had the best experience with Lira Tax & Accounting! From start to finish, their team was professional, knowledgeable, and incredibly responsive. They made the entire process smooth and stress-free, addressing all my questions with patience and clarity. I truly felt like a valued client, and their attention to detail was outstanding. I highly recommend their services to anyone looking for reliable and top-notch tax and accounting services in Canada! They are the best tax and accounting service provider in the town. wish you all the best for help us. Lovely service bring back me again 2026.
Lovely help they done for our business.”
“Wow, what a wonderful services. Excellent corporate tax & accounting services in Toronto, great place for your tax & accounting task. Highly recommend others. Thank you very much for your support. Lira tax & accounting provide very supportive services for corporate needs.”
“I have been to number of accountants for my multiple business ventures, however i found Mr. Razu from Lira Tax and Accounting to be one of the better ones. He is very informative and easily accessible. He is always answering calls and helping small business owners to do their taxes properly. I highly recommend.”
Straight answers to the questions business owners ask us most.
Most businesses reconcile and update their books monthly. That keeps the numbers accurate for tax time, financing and everyday decisions, instead of reviewing them once a year when mistakes are hard to trace.
Bookkeeping records and organizes your transactions: categorizing, reconciling and tracking what you owe and are owed. Accounting builds on those records to prepare financial statements, file taxes and advise you on decisions. Lira Tax does both, so your books flow straight into your tax filings.
We rebuild the ledger from your bank and credit card statements, reconcile every account, fix miscategorized transactions and bring the books fully up to date. From there you can move to regular monthly bookkeeping. How long it takes depends on how many months are missing and how complete your records are.
Yes. We keep books in cloud accounting platforms, so you and your bookkeeper see the same live data, and we can help set one up. Tell us what you use today, or that you are not using anything yet, and we will confirm the best approach in your free consultation.
Typically bank and credit card statements, sales invoices, expense receipts, payroll reports, last year’s financial statements or tax return, and access to your accounting software if you already have it. If some records are missing, we can work out what is needed from your statements.
It depends on your transaction volume, how far behind the books are, how many accounts need reconciling and which software you use, so we quote each business individually. Call us or book a free consultation and you will get a clear quote before any work starts — no hidden fees.
If you have income and expenses to track, it helps at any size. Clean books from the first day make tax filing, GST/HST and loan applications much easier, and they are far cheaper than rebuilding records years later. Even a new or small business benefits from monthly reconciliations.
Generally six years from the end of the last tax year the records relate to. Some records, such as those for property purchases and share registers, should be kept longer. Check with us before you discard anything.
Most businesses must register once their worldwide taxable revenue goes over $30,000 in a single calendar quarter or over four consecutive calendar quarters. Good bookkeeping tracks your sales so you see the limit coming. We also offer GST/HST registration and filing.
Yes. We reconcile bank, credit card and payment-processor accounts, including Stripe, Square and Moneris, so your sales, fees and deposits all match the books.
That is the goal. Our year-end service includes a tax-ready bookkeeping package and financial binder, and because we also prepare corporate and personal tax returns, your books flow straight into the filing with no re-work.
Yes. We review what is in place, clean up anything that needs fixing and continue from there. Many clients come to us after doing their own books or outgrowing their last bookkeeper.
Yes. We have offices in Toronto, Scarborough, Guelph and Calgary, and because your books live in the cloud we work with clients across Ontario, Alberta and the rest of Canada by phone and video.
Clean books flow straight into your T2 corporate tax return.
Learn moreSelf-employed? File your personal return from the same records.
Learn morePay your team correctly, with remittances and records handled.
Learn moreRegister for and file GST/HST alongside your monthly books.
Learn moreUse your numbers for forecasting and financial leadership.
Learn moreTurn accurate books into a plan for growth.
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Read the guideBook a free consultation. We will review where your books stand today and give you a clear plan and quote — no obligation.
Speak directly with a tax and accounting specialist for your personal or business filings.