Business Details
20 Years
experience
Trusted Accounting Services in North York
At Prime Factor, we have been delivering expert accounting and bookkeeping solutions since 2006, helping businesses of all sizes achieve sustainable growth. As a family-run firm based in North York, our team of certified professionals combines decades of industry experience with a personalized approach to meet the unique needs of each client. We specialize in tax planning, financial reporting, payroll processing, and strategic advisory services, ensuring compliance with local accounting standards while optimizing cost efficiency.Our commitment to data security, cutting-edge methodologies, and tailored solutions has earned us the trust of businesses across Vaughan, Richmond Hill, Toronto, and surrounding regions. With certifications including IPBC, QuickBooks, and ACCA, we provide reliable support for sole proprietors, corporations, and self-employed individuals, empowering them to focus on their core operations while we handle their financial complexities.
Services
Personal Tax
Corporate Accounting
Bookkeeping
Tax Planning
Payroll Processing
Financial Reporting
HST/GST Compliance
CRA Representation
Business Incorporation
Cash Flow Management
Details
- Year established: 2006
Highlights and features
- We have over 15 years of experience in accounting and bookkeeping.
- We strictly adhere to local accounting standards and principles.
- We offer customized solutions tailored to specific business needs.
- Our team includes certified professionals with IPBC and ACCA designations.
- We prioritize data security and confidentiality for all client information.
Associations and certifications
- IPBC
- QuickBooks
- ACCA
Services
Personal Tax
Our personal tax services ensure compliance with CRA regulations while maximizing refunds through strategic credit utilization. We assist employees, students, retirees, and rental income earners with annual filings, late tax submissions, and proactive planning. Clients benefit from expert representation during CRA audits and assessments.
Corporate Accounting
We provide comprehensive corporate accounting solutions including financial statements, payroll, and tax remittances. Our services help businesses maintain accurate records, manage cash flow, and prepare for future growth. Clients receive tailored reporting to support data-driven decision-making and regulatory compliance.
Bookkeeping
Our full-cycle bookkeeping services cover accounts payable/receivable, reconciliations, and payroll processing. We offer monthly, quarterly, and annual reporting to ensure financial clarity. Clients gain access to scalable systems that streamline operations and reduce administrative burdens.
Tax Planning
We develop proactive tax strategies to minimize liabilities while ensuring compliance. Services include HST/GST planning, incorporation advice, and cash flow forecasting. Clients receive personalized guidance to optimize financial outcomes and prepare for future tax obligations.
CRA Representation
Our experts provide professional representation during CRA and WSIB audits. We handle documentation, communications, and negotiations to resolve assessments efficiently. Clients benefit from reduced stress and expert advocacy to protect their interests during regulatory reviews.
People
Elena Mostepan
Founder
Elena founded Prime Factor in 2006 after serving as CFO for a wholesale food and construction materials conglomerate. She holds a Bachelor's in Economics and Statistics, IPBC certification, and QuickBooks certification.
Irina Nedrita
Strategic Management Accountant
Irina joined Prime Factor in 2010 with healthcare industry experience. She holds a Bachelor's in Economics and Statistics, ACCA designation, IPBC certification, and QuickBooks certification.
Paul Mostepan
Business Technology Consultant
Paul leverages construction industry project management experience to optimize client systems. He holds a B.Commerce in Business Technology Management and QuickBooks ProAdvisor certification.
Alexandre Mostepan
Bookkeeper
Alexandre transitioned from internal bookkeeping to Prime Factor in 2020. He holds a B.A. in Social Science and REMICs Mortgage Broker Diploma and License.
Olga Mostepan
Office Administrator
Olga has managed client communications and media since 2016. She graduated with a Visual Arts major and supports both administrative and creative operations.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, tax planning, payroll processing, financial reporting, and CRA representation tailored to small businesses in the GTA.
Do you serve clients outside North York?
Yes, we serve businesses across Vaughan, Richmond Hill, Toronto, Scarborough, Etobicoke, Mississauga, and surrounding areas.
How can you help with tax compliance?
Our team ensures compliance with CRA regulations through accurate filings, strategic credit utilization, and audit representation.
What certifications do your accountants hold?
Our team includes IPBC, QuickBooks, and ACCA-certified professionals with expertise in tax and financial management.
Can you assist with business incorporation?
Yes, we advise on incorporation benefits, corporate structure, and handle the process for new businesses.
How do you ensure data security?
We prioritize data confidentiality through secure systems and strict adherence to privacy protocols for all client information.
