Business Details
50+ Years
experience
Your Trusted Accounting Partner in Newmarket
Established in 1975, J & B Tax Service has served Newmarket and surrounding areas for over four decades, specializing in accounting and bookkeeping for small to mid-sized businesses. Our team of professional tax consultants brings decades of combined experience in public accounting, corporate financial management, and personalized tax solutions. We offer comprehensive services including income tax preparation, corporate tax returns, financial reporting, payroll processing, and strategic tax planning tailored to individual and business needs. With expertise in GAAP-compliant financial statements and government remittances, we prioritize accuracy, timeliness, and client education.Our professionals, including seasoned controller Phil Shessel, provide personalized guidance to minimize liabilities and optimize financial outcomes. We emphasize transparency, client trust, and practical solutions for tax compliance, planning, and business advisory needs. Our commitment to quality service is reflected in our long-standing community presence and dedication to evolving with clients' changing requirements.
Services
Tax Planning & Strategy
Income Tax Preparation
Corporate Tax Returns
Accounting Services
Bookkeeping
Financial Reports
Payroll Services
Government Forms
Tax Consultation
Business Advisory
Details
- Year established: 1975
Highlights and features
- We offer 40+ years of local accounting expertise in Newmarket
- Our team includes seasoned professionals with 25+ years in public accounting
- We provide comprehensive tax and accounting services under one roof
- We specialize in personalized tax planning for individuals and businesses
- We combine technical expertise with personalized client support
Services
Tax Planning & Strategy
Our strategic tax planning services help individuals and businesses minimize liabilities while maximizing deductions. We analyze your financial situation to create customized strategies for income splitting, RRSP contributions, capital asset purchases, and tax credit optimization. With expertise in corporate and personal tax frameworks, we ensure compliance while improving your financial position through proactive planning.
Corporate Tax Returns
We prepare accurate corporate tax returns while identifying opportunities to reduce tax burdens. Our team handles T2 filings, dividend preparations, and T5 slips with precision. We ensure compliance with CRA regulations while providing strategic advice on business structure, expense management, and year-end planning to optimize your corporation's tax position.
Accounting Services
Our comprehensive accounting services include GAAP-compliant financial statements, cash flow analysis, and budget preparation. We maintain accurate records for small to mid-sized businesses, ensuring proper tracking of assets, liabilities, and equity. Our services support informed decision-making through clear financial reporting and performance metrics tailored to your business needs.
Payroll Services
We manage complete payroll solutions including salary calculations, T4 issuance, and government remittances. Our services cover WSIB, EHT, vacation pay accruals, and tax deductions. We ensure compliance with employment standards while simplifying payroll administration for businesses, allowing you to focus on core operations without payroll-related concerns.
Financial Reports
We prepare detailed financial reports including balance sheets, income statements, and cash flow analyses. Our GAAP-compliant reporting ensures accurate representation of your business's financial health. These reports support loan applications, investor presentations, and strategic planning while maintaining consistency with regulatory requirements for audits and tax purposes.
People
Phil Shessel
Tax Consultant
With 25+ years in public accounting and corporate controller roles, Phil specializes in strategic tax planning and business advisory services. His expertise helps clients optimize financial outcomes through personalized solutions.
Rob
Accounting Professional
Having served J & B Tax Services for five years, Rob provides reliable accounting support with attention to detail in financial reporting and compliance matters for small businesses.
Elva
Tax Associate
A recent University of Western graduate working toward CGA certification, Elva assists with tax preparation and bookkeeping while bringing fresh perspectives to client service.
Questions
What accounting services do you offer for small businesses?
We provide complete accounting solutions including bookkeeping, financial statements, payroll processing, and government remittances tailored to small business needs.
Do you handle both personal and corporate tax returns?
Yes, we prepare personal income tax returns and corporate tax filings including T2s, dividends, and T5 slips for businesses of all sizes.
How can tax planning benefit my business?
Our tax planning identifies deductions, credits, and strategies to minimize liabilities while ensuring compliance with changing tax regulations for long-term financial benefits.
Are your services available in Aurora?
Yes, we serve clients in both Newmarket and Aurora with comprehensive accounting and tax preparation services.
What experience does your team have?
Our team includes professionals with 25+ years in public accounting and 40+ years combined experience serving local businesses since 1975.
