Independent Contractors
Independent does not mean alone. Welch LLP has established an experienced team using specialized procedures for the accounting and tax needs of the independent contractor. Using proven strategies we strive to legally minimize the independent contractor's income taxes and commodity taxes.
One of the most important issues facing an independent contractor is the need to know exactly what his or her income tax and commodity tax cash flow requirements will be throughout the year. We are able to accomplish this through an annual process that covers all tax payments required for the upcoming year. Every independent contractor is familiar with the cycle of intense activity with well-deserved compensation, which is followed by either greater opportunities or periods of personal marketing and tight budgeting. Welch LLP's procedures can help you develop a plan that will smooth out the highs and lows so you can focus efforts on long term goals.
In addition to the full spectrum of services available, we can provide assistance with activities directly related to managing yourself as an independent contractor, including:
- Minimize Income Tax
- Incorporation
- Income Splitting
- Quick Method for GST purposes
- Financial Computer Systems
- GST & Ontario Sales Tax
- Tax Planning and Reviews
- Business Outsourcing
- Operational Reviews
- Cash Controls
- Management Consulting
- Net Worth Statement