Business Details
20 Years
experience
Your Trusted Accounting Partner in North York, Toronto
Since 2006, we have been a family-run accounting firm dedicated to helping businesses of all sizes achieve financial success. Our team of qualified experts specializes in tailored accounting solutions that go beyond numbers, focusing on strategic systems to drive growth for clients in Vaughan, Richmond Hill, North York, Downtown Toronto, and surrounding areas. With decades of combined experience in economics, tax, audits, and business technology, we provide meticulous reporting, scalable systems, and personalized support for sole proprietors, corporations, and mid-sized companies. Our commitment to local accounting standards, data security, and cost-effective solutions ensures businesses receive reliable, confidential services. We combine expertise in financial management with innovative methodologies to deliver customized approaches that align with each client's unique goals.Our team includes certified professionals with backgrounds in healthcare, construction, and business development, ensuring comprehensive support for diverse industries. We pride ourselves on transparent communication, proactive client support, and staying current with best practices to maintain compliance and optimize financial performance. Our mission is to empower businesses through expert accounting solutions that simplify operations and create competitive advantages. By maintaining up-to-date records and detailed financial statements, we help clients focus on growth while we handle complex accounting responsibilities. Our services span accounts payable/receivable, payroll processing, budgeting, and tax compliance, supported by certified professionals including QuickBooks ProAdvisors and ACCA-designated accountants.
Services
Personal Tax
Corporations
General Accounting
Bookkeeping
Payroll Processing
Budgeting & Forecasting
Accounts Payable
Accounts Receivable
Financial Reporting
Tax Compliance
Details
- Year established: 2006
Highlights and features
- We offer 18+ years of combined experience in financial management and tax compliance
- Our team includes certified professionals with IPBC, ACCA, and QuickBooks certifications
- We implement automated systems for accurate, efficient financial reporting
- We guarantee strict data confidentiality and security for all client information
- Our customized approaches adapt to specific industry requirements and business goals
Services
Personal Tax
Our personal tax services ensure compliance while minimizing liability through strategic planning. We handle individual tax returns, deductions optimization, and CRA correspondence for residents and self-employed professionals. Our certified experts stay current with changing regulations to maximize refunds and reduce audit risks.
Corporations
We provide comprehensive corporate accounting solutions including monthly reporting, payroll management, and tax compliance. Our services help businesses maintain accurate financial records, identify growth opportunities, and ensure adherence to corporate tax regulations through proactive planning and documentation.
General Accounting
Our general accounting services cover complete financial cycle management from daily transactions to year-end statements. We prepare balance sheets, income statements, and cash flow analyses while implementing scalable systems for accounts payable/receivable, budgeting, and expense tracking.
Bookkeeping
We maintain accurate, up-to-date financial records for businesses of all sizes. Our bookkeeping services include transaction recording, ledger maintenance, bank reconciliations, and customized reporting systems that provide real-time financial visibility for informed decision-making.
Payroll Processing
Our payroll services ensure timely, accurate employee payments and regulatory compliance. We handle wage calculations, tax withholdings, T4/T5 reporting, and CRA remittances while maintaining strict confidentiality and integrating payroll data with broader financial systems.
People
Elena Mostepan
Founder & CFO
Elena founded Prime Factor in 2006 after serving as CFO for a wholesale food and construction materials conglomerate. She holds a Bachelors in Economics and Statistics, IPBC certification, and QuickBooks certification.
Irina Nedrita
Strategic Accountant
Irina joined Prime Factor in 2010 with healthcare industry accounting expertise. She holds a Bachelors in Economics, ACCA designation, IPBC certification, and QuickBooks certification.
Paul Mostepan
Business Consultant
Paul joined in 2014 after construction industry consulting. He holds a B.Commerce in Business Technology Management and QuickBooks ProAdvisor certification, specializing in system optimization.
Elena Bolgarova
Business Development
Elena joined in 2021 with marketing expertise from the International Slavic Institute. She designs social media campaigns and identifies growth opportunities for the firm.
Alexandre Mostepan
Bookkeeper
Alex joined in 2020 with 10+ years of bookkeeping experience. He holds a B.A. in Social Science and REMICs Mortgage Broker Diploma, managing financial records and mortgage brokering.
Questions
What accounting services do you offer for small businesses?
We provide complete accounting solutions including bookkeeping, payroll processing, financial reporting, tax compliance, and budgeting for sole proprietors and corporations.
How do you ensure data security for financial records?
We maintain strict data confidentiality through secure systems, encrypted communications, and controlled access to all financial information.
What areas do you serve?
We serve businesses in North York, Toronto, Vaughan, Richmond Hill, Scarborough, Etobicoke, Mississauga, Brampton, Maple, Markham, Aurora, Newmarket, Barrie, and Stouffville.
Do you offer free consultations?
Yes, we provide free initial consultations to understand your accounting needs and recommend tailored solutions.
What certifications do your accountants hold?
Our team includes IPBC-certified professionals, ACCA-designated accountants, and QuickBooks-certified experts.
How do you handle corporate tax compliance?
We ensure corporate compliance through accurate monthly reporting, CRA remittances, audit preparation, and strategic tax planning.
Reviews (1)
Nancy Ferraro
Jul 08, 2020
Report
Quick and easy. Very helpful and professional. Will definitely come back next year. Highly Recommended. Thank you again Irina!
