ESA permits, material markup, apprentice payroll, T5018 slips for subs. Electrical contracting has layers most bookkeepers don't know exist. We do.
Electrical contractors in Barrie and across Ontario typically run a mix of residential service calls, new construction rough-in, and commercial maintenance contracts. Each income stream has a different cost structure, different margin, and different billing cycle. Residential service might pay the same week; commercial jobs can sit 30–60 days.
On top of that you're tracking ESA permit fees per job, material markup across projects, and potentially apprentice wages with their own payroll rules. If you use any electrical subs or specialty trades, T5018 reporting is mandatory. Most electricians don't know this until they get a letter from CRA.
Moyano & Co. specializes exclusively in trades businesses. We know the financial structure of an electrical contracting business because that's all we do. You get clean books, accurate job costing, and zero surprises at HST time. Every month.
We track margin separately for residential service calls, new construction, and commercial work so you know which jobs are worth taking and which to price higher.
ESA permits are a real job cost that belongs to a specific project. We capture them correctly so your job margins reflect the actual cost of doing the work.
Pay a fire alarm tech, low-voltage sub, or any specialty trade $500+ in a year? CRA requires T5018 slips. We track payments all year and file in February before the deadline.
Apprentice wages come with specific CPP/EI rules and potential apprenticeship incentive credits. We handle payroll, remittances, and T4s, and make sure you're not leaving tax credits on the table.
Many electricians save money on the HST Quick Method vs. regular reporting. We run the comparison every year and make sure you're on the better option.
Your service truck, wire reels, and panel equipment are all depreciable. We track CCA classes correctly so you maximize deductions without triggering CRA questions.
Every transaction categorized, every account reconciled. Clean books delivered monthly, ready for your accountant at year end.
Learn moreQuarterly or annual HST returns, Quick Method analysis, and zero missed deadlines with CRA.
Learn moreEmployee and apprentice payroll, CPP/EI remittances, T4 slips at year end. Handled on time, every time.
Learn moreTrack costs per project (residential, new build, or commercial) so you know exactly which work makes money.
Learn moreT5018 slips for any specialty subs you use. We track payments all year and file before the February deadline.
Learn moreBehind on your books? Even years behind? We'll get you current with no judgement, then keep you there.
Learn moreElectrical contracting has financial layers that generalist bookkeepers routinely miss: ESA permit costs that belong on specific jobs, material markup tracked by project type, apprenticeship incentive deductions, and T5018 reporting for electrical subs. A generalist lumps everything into "materials" and you'll never know whether residential rewires, commercial upgrades, or new construction rough-in is actually your most profitable work.
We track every expense (materials, labour, ESA permits, and overhead) against the specific job it belongs to. At the end of each project or billing period, you see exactly what each job cost you and what margin you made. Over time this shows whether residential service calls, commercial panel upgrades, or new construction rough-in is your most profitable work, so you can price accordingly and turn down the rest.
Yes. If you pay any subcontractor $500 or more in a calendar year in the construction industry, CRA requires T5018 slips. Many electricians who use specialty subs (fire alarm, low-voltage, security) miss this entirely. We track sub payments throughout the year and handle the February filing deadline. Missing T5018s is a CRA audit flag.
HST at 13% applies to both residential and commercial electrical work in Ontario. The key question is whether the HST Quick Method saves you money versus regular reporting. For many electricians, it does. We run the comparison annually and recommend the better option. We also make sure your input tax credits are claimed correctly across all job types.
Yes. Even one employee means you need to process payroll, calculate and remit CPP, EI, and income tax to CRA on time, and issue a T4 at year end. Late remittances trigger CRA penalties that accumulate fast. We handle the complete payroll cycle and make sure you're not missing any applicable apprenticeship tax credits in the process.
Book a free 30-minute consultation. We'll walk through your current setup and tell you exactly what needs fixing. No obligation.