NRK Accounting stands as a beacon of reliability and expertise in the bustling landscape of accounting firms in Toronto.

With over 20 years of experience, NRK Accounting has earned a stellar reputation for providing top-notch accounting and tax services to individuals and businesses alike.

With a team of qualified and licensed tax accountants, NRK Accounting boasts extensive experience in handling a wide range of accounting and tax-related matters.

We like that their professionals bring over two decades of industry knowledge to the table, ensuring that clients receive accurate and reliable guidance tailored to their specific needs.

NRK Accounting offers a comprehensive suite of accounting services, including personal and corporate tax planning, bookkeeping, payroll, HST returns, tax audit assistance, and company incorporation services.

This breadth of offerings ensures that clients can rely on NRK Accounting as their one-stop solution for all their financial needs.

What we like about them is their personalized attention and hands-on support they receive from NRK Accounting.

Whether it’s for a small business or an individual tax filer, the team at NRK takes the time to understand each client’s unique circumstances and provides tailored solutions that align with their goals and objectives.

With over 15 years of experience, MiAccounting & Income Tax Inc. has carved a niche as a reliable accounting service provider for individuals, small businesses, and large corporations.

Their wide-ranging services, from personal tax advice to payroll processing, highlight their commitment to helping clients streamline financial management and growth. Known for their client-centered approach, MiAccounting pairs traditional service values with modern, cloud-based technology to meet today’s accounting demands.

MiAccounting’s offerings span corporate tax preparation, bookkeeping, payroll, HST returns, and more. This makes them a versatile partner, handling multiple financial needs in one place—a huge convenience for busy clients who prefer to avoid switching between service providers.

By utilizing cloud software, MiAccounting enables clients to access, monitor, and manage financial records remotely. This digital approach enhances not only convenience but also accuracy, helping clients track financial information such as tax history and banking records securely and in real-time.

The Scientific Research and Experimental Development (SR&ED) tax incentive can be highly valuable for businesses in innovative sectors, and MiAccounting’s guidance with these applications is a standout feature. For qualifying companies, this assistance maximizes the chances of accessing critical funding.

MiAccounting’s payroll services are efficient and error-free, a must-have for businesses prioritizing timely employee payments and compliance with payroll regulations. With extensive experience managing payroll for hundreds of companies, MiAccounting is equipped to handle payroll challenges, regardless of company size.

MiAccounting places a high value on building close relationships with their clients. By focusing on personalized service and understanding client needs, they foster a sense of trust and commitment that many clients appreciate, especially those with complex financial situations.

MiAccounting’s tax planning services are particularly useful for individual clients aiming to minimize their tax liabilities. The firm’s personalized approach to tax advice helps clients make informed financial decisions and achieve long-term savings while staying compliant with tax regulations.

What we love about CPA Logic is their focus on helping small businesses in Toronto. The founder and Certified Public Accountant (CPA), Hussain Abbas, has even worked in the past decade to expand his knowledge of eCommerce for better service!

CPA Logic focuses on eCommerce, and we like that it extends to online sellers—those making money off social media platforms like YouTube and Facebook. These kinds of jobs are still relatively new for most people, so we admire their knowledge on these.

The industries that they specialize in are not as vast as we’d like. But if you’re in eCommerce, healthcare, and law, we’re glad that CPA Logic can help with your accounting concerns.

Still, we like that their services are pretty vast, which is a positive as their accountants can help you with any tax concern! They offer tax filing, bookkeeping, financial statement compilations, and payroll services—ideal for small business owners!

Moreover, we believe their business package rates make them stand out! These include budget-friendly options for entrepreneurs just starting out!

We were also glad to learn that clients get free consultations. But since their office is only open five days a week, it means you can’t get an appointment during your downtime.

One of the reasons Bay Street Accounting and Tax Services earned a spot on our list is because of their availability. Their office is open six days a week, which is good news for busy clients!

But they don’t accept walk-ins as all appointments are on a strict appointment basis only. Still, we like that clients can get a Saturday meeting with them, which we think makes up for the limitation in accessibility.

We also like that they cater to individual and corporate taxpayers. The best part is they don’t stick to Toronto only because they have cross-border tax services!

Moreover, it’s worth mentioning that their accounting services focus on long-term goals since they offer strategic advice. They make sure that every tax decision their clients make now will have a positive, lasting effect—admirable, indeed!

Their services are a lot, including tax returns, compiling corporate financial statements, and financial forecasts and projections. These are also quite thorough, which we definitely like because they provide convenience to all clients.

However, despite their thoroughness, we think it’s a bummer that they don’t offer assurance services. For an accounting firm that caters to private companies, we think it’s surprising they don’t prepare financial statement reviews!

Nonetheless, we appreciate their knowledge in various industries, such as financial and healthcare. They’re even experienced in handling tax returns for businesses moving to Canada!

Your Modern Accountant is a small accounting firm in Toronto. But we think that this aspect doesn’t diminish their service quality, in which we heard a lot of positive feedback from our client surveys.

Moreover, we want to note that their good customer approach is backed by their BBB accreditation. They even earned an A+ rating!

Despite being a small company, we admire them for servicing individuals, small businesses and medium corporations! Honestly, we were in awe at how they could manage a lot of clients!

Additionally, we commend them for serving clients outside of Ontario (even Canadians outside the country) and those who live in rural communities. Add to that their knowledge of various industries, and we’re thoroughly impressed!

A standout feature we noted is their fee transparency. They offer flexible packages, available in flat-rate and fixed monthly payments for different types of clients, which is thrilling because they offer budget-friendly options.

What we found unique is some packages include real-time video tax filing for better transparency. Plus, students get flat-rate pricing, making hiring an accountant affordable even while studying!

While everything sounds great so far, it was disappointing that they’re only open four days a week. Unfortunately, that doesn’t include weekends.

Also, we learned that Your Modern Accountant isn’t as responsive in phone calls, which they pretty much admit to. So, if you plan on hiring them, we suggest you stick to email correspondence.

Another Toronto tax accountant that we like is Teixeira Accounting Firm. Their expertise is impressive, having been established 50 years ago!

They have many accountants on staff, allowing them to accept more clients at the same time. Some have even worked in accounting for over 20 years!

It was exciting to learn that they offer many services, from tax filing to bookkeeping to corporate debt solutions! They’re like an all-in-one destination, no?

Plus, we appreciate that they serve self-employed individuals, small businesses, and corporations. They even offer payroll solutions to give clients more time to focus on the business side of things.

One thing that makes Teixeira Accounting Firm stand out for us is their retirement and pension plan services. The good thing about it is that clients will know the tax implications regarding investments and pensions.

Furthermore, we think their tax advice service is notable. Their CPA will inform clients about tax compliance and even provide an income tax reduction plan.

Also, we appreciate their team of accountants for being responsive despite their busy schedules, whether by phone, email, or in-person appointments. It was one of the most common compliments they received from our client surveys.

Sadly, their office is unavailable for weekend appointments. But we appreciate that you can drop by even without an appointment.

Aura Finance made it to our list of the top accounting firms in Toronto due to various reasons. One of which is their wide client list.

It was impressive that they cater to small businesses, startups, and enterprises. We commend their knowledge in handling even complex accounting concerns for large businesses.

Although they offer income tax preparation to individuals, we found their services a bit limiting unless you own a business. That’s good news for business owners, though!

Next, we appreciate their expertise in handling tax services in various industries. Considering they specialize in businesses, this is a notable factor!

Plus, we like that they offer many business solutions, including bookkeeping, payroll, GST/HST filing, and more! They even provide financial planning for entrepreneurs to avoid potential financial troubles.

It was also commendable that Aura Finance offers assurance services, such as financial statements and special opinion reports. During our research, we found that not all accountants in Toronto offer this, so this is worth highlighting!

In our book, accessibility is important. That’s why we were glad that Aura Finance’s office is conveniently located along Spadina Avenue—just minutes away from downtown!

Unfortunately, we did find a downside. It was disappointing that they don’t accept weekend appointments, which we believe would be helpful for busy clients.