Pimlico Accounting

One of our contractor clients came in thinking their tax bill was locked in. We found a few deductions that had been sitting in the wrong category, and after reclassifying them, their tax owing dropped by a meaningful amount. The work didn't change, just how it was reported.

Ever wonder if your expenses are being categorized the right way? That's exactly what we review in a consult. Book yours at pimlicoaccounting.com.

If you work from home, can you claim your entire house as a home office expense? No. CRA only lets you claim the percentage of your home that you actually use for work. If your home office just a corner of the living room, is that enough? The formula usually comes down to how many square meters your workspace takes up compared to the whole house. Curious what CRA might ask you to back up that calculation? Book a consult at pimlicoaccounting.com.

We had a restaurant owner come to us 3 years behind on their books. They weren’t sure what they owed or what they could claim. We sorted everything out, cleared up the backlog with CRA, and got their records in order before tax season. What’s sitting on your desk right now that you keep putting off?

"A corporation always pays less tax" is one of the most common assumptions we hear. But for many small owners, the math doesn't work that way, especially once you look at personal draws, CPP, and the tax rate on dividends. How did you decide whether to incorporate?

A client came to us thinking they owed the CRA, so we did a full review of their books. Turned out they had credits on file they never claimed, and we got them a refund they didn't know existed. Surprised how often that happens when we dig into past filings. Have you ever had the CRA send you money you weren't expecting?

Most small business owners only call an accountant when the tax deadline bites, but a whole year of messy numbers makes that meeting harder and pricier than it needs to be. Clean bookkeeping throughout the year means you're not paying us to hunt down receipts in March, you're paying for actual advice on your business. Have you ever tried to untangle a full year of transactions in one go? Let's make your next filing season boring instead of stressful. Book a consult at pimlicoaccounting.com.

💡 FAQ: When should I start preparing for tax season?

Earlier than you think! ⏳
Keeping your records organized year-round makes filing faster, reduces errors, and helps you avoid last-minute stress.

📌 Pro Tip: Track expenses monthly and keep receipts in one place—your future self will thank you.

Need help staying organized or getting ready for tax season? We’ve got you covered.

📞 (519) 937-4818
📧 [email protected]
🌐 www.pimlicoaccounting.com

🍁 Happy Canada Day from Pimlico Accounting! 🍁

To our clients, neighbours, and the small businesses of London — thank you for letting us be part of your financial journey. Enjoy the fireworks, the BBQs, and time with the people who matter most.

Have a safe and wonderful Canada Day!

Payroll doesn’t have to be complicated.

Pimlico Accounting makes payroll management simple, accurate, and hassle-free, so you can focus on running your business while we handle the details.

From records to payments and compliance, our team helps keep your payroll organized and stress-free.

📞 (519) 937-4818
🌐 pimlicoaccounting.com