Accounting Services for Digital Creators and E-Commerce Brands
Canada's Top Digital Creator & E-Commerce Accounting Firm
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Take Control of Your Business's Finances With Profit Financial Services
100% Customizable
Every business has it's own unique set of financial needs. Our team will help you to find the perfect package to ensure all of your needs are met and you goals are surpassed. We can help you with everything from bookkeeping to full advisory services.
Scalability
If you want to scale your personal brand or e-commerce store, you are going to need great accounting and financial insights. Too many digital nomads fall to accounting mistakes, don't be one of them! We'll make sure you can focus on growth, we'll focus on the accounting.
Leverage 10+ Years of Experience
Our team of accounting experts have been helping digital creators and e-commerce brands since the industry first emerged. Leverage our experience and we will ensure that your financials are all in order!
Included With Our Services
Monthly Bookkeeping
Make your tax filing easy. We keep your books in order all year-round.
Accounts Payable & Receivable
We manage your accounts payable & accounts receivable including payments & invoicing.
Payroll
We make sure your employees get paid the right amount and on time every pay period.
Accounting Cleanups
We make sure any mess that is in your books is cleaned up before it becomes an accounting issue.
Account Reconciliation
We will ensure every single account is correct and ready for monthly, quarterly or yearly reporting.
Corporate Tax Planning & Filing
We help you plan and file your corporate taxes, ensuring that you get the most back from the CRA.
Audit Guidance
If the unlikely case you are audited by the CRA, your fractional cfo will be right there to help your business.
Budgeting & Forecasting
We help your business plan your annual budget and review the budget throughout the year.
Welcome To Profit Financial Services
Your Accounting Experts
Hiring Profit Financial Services means ensuring that your digital business or creator business is secured financially. With over 20 years of accounting experience, we will make sure your business and/or personal brand is protected from the CRA.
The rules around digital nomads and digital creators are more complicated, they often have international business income and certain deductions they can take, that many accountants would not know about. That's why it's essential to work with experts in the field like our team at Profit Financial Services.
Henry Piatek
Managing Partner at Profit Financial Services
You ARen't the first to ask these
Frequently Asked Questions
What Unique Tax Laws Do I Need To Know About As A Digital Creator?
In Canada, all income earned by digital creators, whether monetary or non-monetary (such as gifts or free products), is considered taxable. As a resident, you're required to report this income on your tax return. Non-residents must report Canadian-sourced income unless exempt under a tax treaty.
That means many of the products you receive from brands are considered income.
When Do I Need To Start Filing HST Remittances as a Digital Creator?
If your total taxable revenues exceed $30,000 over four consecutive calendar quarters, you must register for and collect the Goods and Services Tax/Harmonized Sales Tax (GST/HST). Once registered, you need to file HST remittances regularly.
What Roles Do You Take On In My Business?
Reviewing the accounting system and its adequacy.
Overseeing the full cycle accounting process, ensuring correct accounting processes, policies, reporting etc.
Creation and review of budgets vs. how the actuals did, the variances, and the reasons thereof.
Payroll, submission, reporting, etc.
GST/HST/PST reporting.
Annual taxation.
Guidance on audits etc.
What Services Can You Provide To Reduce My Workload?
Business Process Reviews
Risk Management
Performance Management
Information Systems and ERPs (Enterprise Resource Planning)
Customer and product profitability expertise
Corporate and personal taxation
When Your Online Presence Is Considered a Business In Canada?
Your online activities are considered a business if you engage in commercial activities with the intent to earn profit. This includes selling products or services online, earning through affiliate marketing, or receiving payments for content creation. Even without a physical presence, providing goods or services to Canadians can be deemed as carrying on business in Canada.
TESTIMONIALS
What Our Customers Have To Say
"a bookkeeping firm that understand technology"
Henry Piatek we have finally found a Bookkeeping Firm that understands that technology plays an integral role in our company's accounting functions. Since that our experiences in business we have a high volume of daily transactions, the need for cloud accounting systems and integrations is paramount to remove the onerous demands of manual data entry for our workflow.
- Ayra - Owner-LAC Convention Centre
"I highly highly highly, recommend working with Henry."
We're huge fans of Henry and the folks at Profit Financial Services Inc. They set up our books, finances, and other operations, and are constantly organized and on top of things. As a startup, you have to focus on your product and customers, and Profit Financial Services Inc takes care of everything else (which is a massive sign of relief). I highly highly highly, recommend working with Henry.
- Pawel Kuntsman - Founder, Evidence Prime
"I strongly recommend Profit Financial Services Inc"
I strongly recommend Profit Financial Services Inc. to any/all small business owners. Their assistance with Quickbooks Online bookkeeping services (and beyond) has literally changed my life and the financial health of my business. I started working with Henry and his team in late 2016 after working with two other bookkeeping/accounting companies that were not meeting my needs. Since working with Profit Financial Services Inc, l've been able to focus more time and energy on operations & growing my business, I love them.
- Leah S - Surreal Homes Inc.
Get Started With Profit Financial Services Today
Who Needs Our Services?
E-Commerce brands
YouTubers
Digital Creators
Digital Nomads
Freelancers
