Frequently Asked Questions

We offer a wide range of Bookkeeping services, including Organization and Classification of Expenses and Income, Bank Reconciliation, Accounting Custom Reports, Accounts Costuming, Project Expense Analysis, GST/HST and PST Fillings , WCB Filling ,Payroll and Deduction ,Payroll Remittances, General Consulting,Software Set-Up and Catch Up , QBO Accounting Clean-Up, Year End Assistance, and Advice on how to take advantage of Canada’s Tax Benefits.

We handle the categorization of all your transactions in QuickBooks, ensuring your income and expenses are correctly classified and ready for annual tax filings.

Bank reconciliation is the process of verifying that accounting records match bank statements. It is crucial for ensuring there are no errors in your accounting and preventing tax issues or possible audits.

We guide you on the proper handling of payroll, including mandatory deductions (Federal Tax, CPP, EI) and explain the associated benefits, ensuring compliance with regulations.

We assist you in the process of paying deductions to the CRA, ensuring they are made on time and correctly to avoid penalties and possible audits.

Yes, we offer comprehensive T4 form preparation services. We handle the annual generation of these forms for your employees, specifying the taxes your company has deducted throughout the year. This ensures that your employees receive the necessary information for their own tax filings accurately and promptly.

We help you deduct operating expenses and make correct classifications, ensuring tax compliance and avoiding overpayments or underpayments.

While we do not directly offer corporate tax return (T2) services, we work closely with reliable and experienced professionals in this area. We can recommend a T2 specialist who fits your needs. Additionally, we continue to manage your bookkeeping and ensure that all your financial information is organized and ready for tax filing.

Our bookkeeping and consulting services are specifically designed for small business owners like you. We understand the unique challenges you face and offer personalized solutions to help you keep your financial records in order.

A bookkeeper is essential for maintaining accurate financial records, which is crucial for making informed business decisions, complying with tax laws, and understanding the financial health of your company. Proper bookkeeping can save you time, reduce stress, and prevent costly mistakes.

It’s recommended to update your bookkeeping records regularly, ideally on a weekly or monthly basis. This ensures that your financial records are current and accurate, which helps in better financial management and timely decision-making.

All financial transactions should be recorded, including sales, purchases, receipts, and payments. This includes tracking income, expenses, invoices, and any other financial activity related to your business.

Our services are personalized to meet the specific needs of your business, so costs can vary. For bookkeeping services, our fees range starting from $250 per month. We provide a fixed price after gathering information about your business, so you know what to expect before signing a contract. There may be an initial cost for cleaning up your books if necessary.

Absolutely not. We are a reputable and established business with a track record of helping small businesses succeed. I am committed to the highest standards of integrity and service. My motto is transparency regarding all processes and costs, and I encourage you to check our reviews from other satisfied clients.

Our pricing structure is designed to be fair and transparent. We offer different service levels to meet various needs and budgets, with fixed prices provided after an initial assessment. This helps avoid surprises or hidden costs. We can also discuss and compare the costs of our services with in-house bookkeeping and other accountants to ensure you are getting the best value.

Generally, hiring a bookkeeper is less expensive than hiring an accountant. Bookkeepers focus on daily financial management and record-keeping, while accountants typically handle more complex financial analysis and tax strategies. Depending on your specific needs, a bookkeeper may be the more cost-effective option for keeping your finances in order.

The time required depends on the current state of your financial records. For businesses with relatively organized books, we can set up and optimize your bookkeeping within a few weeks. If your records need significant cleanup, it may take longer. I will provide you with a timeline after assessing your situation and will work efficiently to meet your needs.

Absolutely. Our tax preparation services include helping you understand and manage your tax obligations. We ensure that your tax returns are accurate and filed on time, and I can assist you in setting up a plan to manage your tax payments efficiently. Our goal is to minimize your tax liability while ensuring compliance with all applicable laws.

In addition to bookkeeping and tax preparation, we offer a range of consulting services, including guidance on applying for benefits available in Canada and how to use them effectively, as well as strategic advice. Our goal is to support you in all aspects of your business and personal financial health.

Bookkeepers are responsible for daily administrative tasks, such as analyzing and recording a company’s financial transactions. They create detailed and organized records for accountants to consult. Accountants use these records to complete a company’s taxes and provide financial advice. Essentially, bookkeepers maintain the records, while accountants interpret and act on them to provide financial information and ensure compliance.

To communicate processes or accounting terms to clients, we avoid technical jargon. We explain concepts in simple, easy-to-understand language. This approach may require more time and patience but ensures that clients understand the work being done. We also make ourselves available for any questions they may have to ensure complete understanding.

Yes, I can assist you in communicating with the Canada Revenue Agency (CRA). I am familiar with their processes and terminology and can help clarify any communication or issues you may have with them.

To ensure the privacy of clients’ financial information, we operate in a secure and private environment where no one can access our files or overhear conversations. Physical documents are stored in a locked cabinet, and electronic files are protected with passwords. We also adhere to all relevant privacy laws and best practices to safeguard client data.

Trusting an external bookkeeper with your financial information requires clear and open communication. I am committed to maintaining regular contact with clients through their preferred communication channels, whether by phone, email, or in-person or video meetings. This ensures that clients are always informed and feel secure with the services provided.

You own your data. If our relationship ends, we ensure a smooth transition by providing you with all your financial records and information. We believe in transparency and making sure your business data is always accessible to you.

We represent you before the authorities, handling communications and helping you with the issue so you can recover your benefits.

I can help you understand the benefits of paying your taxes in Canada, assist you in maximizing your deductions, and optimize your tax payments.

Yes, I handle the filing of your personal tax return. I ensure that all your information is accurately classified and submitted, maximizing your deductions and tax credits. I will guide you through the process so you can meet your tax obligations accurately and on time.

From the comfort of your home, you can send us the necessary information via your mobile phone and sign electronically. We take care of the entire process so you don’t have to travel and lost time.

We explain the importance of filing tax returns and the benefits Canada offers. We handle the preparation and mailing of your return, with no need for office visits.