The Tax Guys

Accounting Services

Basic Annual Accounting Services

Preparation of Notice to Reader Financial Statements and Income Tax Returns, based on the information being entered and reconciled in an online accounting software package.

This includes:

Annual review of financial information contained in your online accounting software (managed by your bookkeeper)
Preparation of required adjusting entries (up to 20)
Preparation of T2 Corporate Income Tax Return
Calculation of your taxation refund/payable
Preparation of annual Notice to Reader Financial Statements
1 hour annual tax planning meeting to discuss your tax position
Electronic filing of Income Tax Returns
Online Accounting Software license
Access to our phone and email advice line (up to 1 hr a month)

$125 / month

Budgeting & Forecasting Services

Detailed 12 month Forecast and Budget broken down month by month.

This includes:

Review of sales, expenditure and financial short term and long term goals
Cashflow forecast for the period
Profit and Loss budget forecast for the period
Balance sheet forecast for the period
Client meeting to discuss improvements in budget & cash flow included

This will be in a format suitable for presentation to your stakeholders or bank manager.

$170 / month

Premium Review Annual Accounting Services

Preparation of Notice to Reader Financial Statements and Income Tax Returns, based on the information being entered and reconciled in an online accounting software package.

This includes:

Review of financial information contained in your online accounting software (managed by your bookkeeper) Preparation of required adjusting entries Preparation of quarterly Financial Statements (Income statement, balance sheet and notes) Quarterly financial review meetings and an annual tax planning meeting (1 hr each) Preparation of T2 Corporate Income Tax Return Calculation of your taxation refund/payable Electronic filing of Income Tax Returns Online Accounting Software license Unlimited access to our phone and email advice line

$250 / month

Quarterly Review Annual Accounting Services

Preparation of Notice to Reader Financial Statements and Income Tax Returns, based on the information being entered and reconciled in an online accounting software package.

This includes:

Review of financial information contained in your online accounting software (managed by your bookkeeper)
Preparation of required adjusting entries (up to 20)
Preparation of quarterly Financial Statements (Income statement, balance sheet and notes)
Quarterly financial review meetings (1 hr each)
Preparation of T2 Corporate Income Tax Return
Calculation of your taxation refund/payable
Electronic filing of Income Tax Returns
Online Accounting Software license
Access to our phone and email advice line (up to 1 hr a month)

$180 / month

Adisory Services

General Advisory Services (tax, health check, compliance, other)

To assist you as advisors and consultants in business and taxation strategic planning.

This includes:

Prepayments/accruals
Assets registration
Tax advice
Financial and key KPIs advise
Accounting software advice
Bookkeeping advice
Follow-up meetings
email and telephone support

$1,500

(check here frequently)

Virtual CFO Services

The CFO advisory services are an hybrid between CFO and Controller advisory services, to assist you in standard compliance & business strategic planning.

This includes:

Oversee your accounting systems to ensure proper bookkeeping and reporting
Monitor the financial health and well-being of the business
Budgets and forecasts to help measure business performance
Help managing and forecasting cash flow assumptions and needs
Guidance in strategic planning relating to growth and expansion
Financial insight and guidance on all company decisions and issues

$4,000 / month

Bookkeeping Services

Bookkeeping Large (up to 500 transactions)

Bookkeeping activities will be conducted on behalf of your business to ensure that all financial information is up to date.

This includes:

Monthly reconciliation of bank and credit card statements up to 500 transactions
Monthly reconciliation accounts receivable and accounts payable up to 500 invoices
Paperless Payables – Supplier invoices and receipts imported via online software
Debtor reminders
Maintain data feeds into your accounting software files
Troubleshooting & support
Online Accounting Software license included

$550 / month

Bookkeeping Medium (up to 200 transactions)

Bookkeeping activities will be conducted on behalf of your business to ensure that all financial information is up to date.

This includes:

Monthly reconciliation of bank and credit card statements up to 200 transactions
Monthly reconciliation accounts receivable and accounts payable up to 200 invoices
Paperless Payables – Supplier invoices and receipts imported via online software
Debtor reminders
Maintain data feeds into your accounting software files
Troubleshooting & support
Online Accounting Software license included

$420 / month

Bookkeeping Small (up to 100 transactions)

Bookkeeping activities will be conducted on behalf of your business to ensure that all financial information is up to date.

This includes:

Monthly reconciliation of bank and credit card statements up to 100 transactions
Monthly reconciliation accounts receivable and accounts payable up to 100 invoices
Paperless Payables – Supplier invoices and receipts imported via online software
Debtor reminders
Maintain data feeds into your accounting software files
Troubleshooting & support
Online Accounting Software license included

$350 / month

Payroll Services

Additional Employee Bi-Weekly Payroll (add-on)

Bi-weekly Payroll service for additional employee.

$10 / month

Bi-Weekly Payroll (up to 10 employees)

We will prepare your payroll on a bi-weekly basis to meet employment tax requirements.

This includes:

Calculate and process bi-weekly Payroll for up to 10 Employees, using an online payroll software
Calculate and track accrued vacation and sick time or other benefits
Provide direct deposit for your employees
Electronic paystubs accessible online by employee
Preparation and electronic filing of T4 summary and slips (must be client through year end for T4 preparation)
Payroll taxes remitted to Government with each payroll (eliminates the need to come up with large payroll tax deposits quarterly)
Preparation of Records of Employment (ROEs) for departing employees
Includes electronic filing and electronic payment of payroll taxes and returns when available
Includes Payroll Register Reports with each payroll run with monthly & year to date payroll
Includes responses to related notices from taxing authorities in relation to payroll

Prices as per calculator

Bi-Weekly Payroll (up to 20 employees)

We will prepare your payroll on a bi-weekly basis to meet employment tax requirements.

This includes:

Calculate and process bi-weekly Payroll for up to 20 Employees, using an online payroll software
Calculate and track accrued vacation and sick time or other benefits
Provide direct deposit for your employees
Electronic paystubs accessible online by employee
Preparation and electronic filing of T4 summary and slips (must be client through year end for T4 preparation)
Payroll taxes remitted to Government with each payroll (eliminates the need to come up with large payroll tax deposits quarterly)
Preparation of Records of Employment (ROEs) for departing employees
Includes electronic filing and electronic payment of payroll taxes and returns when available
Includes Payroll Register Reports with each payroll run with monthly & year to date payroll
Includes responses to related notices from taxing authorities in relation to payroll

Prices as per calculator

Bi-Weekly Payroll (up to 50 employees)

We will prepare your payroll on a bi-weekly basis to meet employment tax requirements.

This includes:

Calculate and process bi-weekly Payroll for up to 50 Employees, using an online payroll software
Calculate and track accrued vacation and sick time or other benefits
Provide direct deposit for your employees
Electronic paystubs accessible online by employee
Preparation and electronic filing of T4 summary and slips (must be client through year end for T4 preparation)
Payroll taxes remitted to Government with each payroll (eliminates the need to come up with large payroll tax deposits quarterly)
Preparation of Records of Employment (ROEs) for departing employees
Includes electronic filing and electronic payment of payroll taxes and returns when available
Includes Payroll Register Reports with each payroll run with monthly & year to date payroll
Includes responses to related notices from taxing authorities in relation to payroll

Prices as per calculator

Bi-Weekly Payroll (up to 5 employees)

We will prepare your payroll on a bi-weekly basis to meet employment tax requirements.

This includes:

Calculate and process bi-weekly Payroll for up to 5 Employees, using an online payroll software
Calculate and track accrued vacation and sick time or other benefits
Provide direct deposit for your employees
Electronic paystubs accessible online by employee
Preparation and electronic filing of T4 summary and slips (must be client through year end for T4 preparation)
Payroll taxes remitted to Government with each payroll (eliminates the need to come up with large payroll tax deposits quarterly)
Preparation of Records of Employment (ROEs) for departing employees
Includes electronic filing and electronic payment of payroll taxes and returns when available
Includes Payroll Register Reports with each payroll run with monthly & year to date payroll
Includes responses to related notices from taxing authorities in relation to payroll

Prices as per calculator

Reporting Services

Financial & Management Reporting

Based on the information being entered and reconciled in an accounting software package.

We will provide you with quarterly management accounts, in addition to your regular bookkeeping services, including the following:

This includes:
Income statements (Profit & Loss account)
Cash summary
Balance Sheet
Accounts Receivables due and Aged Debtors details
Accounts Payables due and Aged Creditors details
A Board Report
A contribution analysis report (by project and/or client)

$350 / month

Software Subscription Services

Cloud Accounting Software Subscription

Monthly software suite subscription provides you with access to the selected online accounting software system.

$30 / month

Software Suite Subscription

Monthly software suite subscription provides you with access to a suite of online tools:

Accounting system
Integrated with various apps working together to maximize workflow efficiency including:
Document collection and management software to seamlessly sync your documents and their data with your accounting system. It turns your receipts, bills, and invoices into accurately coded, transactions with key data entered and source documents attached. Transactions are then auto-matched to the bank feed for one-click reconciliation and audit-proofing.
Business payments system that digitizes your accounts payable and receivable process. Pay and get paid via ACH with full remittance information, store documents, and route bills for approval.
Time tracking software that syncs up customers, jobs and employee info seamlessly online
Receipt and mileage tracking, expense reporting, and company card reconciliation software

$150 / month

Taxation Services

Audit Protection (add-on for T1 personal tax return)

To assist you in case of CRA audit, we will respond at no extra charge. This includes:

CRA Correspondence Response
CRA Audit Representation

Audit protection applies only to T1 Personal Income Tax Returns filed by us, and only during tax years for which Audit Protection is chosen.

$100 one time

GST/HST Preparation & Filing (annual)

To assist you in filing an annual GST/HST return, this includes:

GST/HST Return Preparation (annual filer)
Assistance summarizing GST/HST collected and available Input Tax Credits
Automated email “due date” reminders
Phone/video conference support to answer your questions pertaining to your GST/HST return throughout the year
Communication and correspondence with the CRA with respect to GST/HST matters
Electronic filing and CRA confirmation

$500 in advance

GST/HST Preparation and Filing (quarterly)

To assist you in filing an annual GST/HST return, this includes:

GST/HST Return Preparation (quarterly filer)
Assistance summarizing GST/HST collected and available Input Tax Credits
A customized tax calendar summarizing key dates throughout the year
Automated email “due date” reminders
On-going phone/video conference support to answer your questions pertaining to your GST/HST return throughout the year
Communication and correspondence with the CRA with respect to GST/HST matters
Electronic filing and CRA confirmation

$75 / month

T1 Personal Income Tax Return

To assist in preparation of Federal and Provincial Personal Income Tax Returns. This includes:

Assistance summarizing eligible expenses and determining available tax credits
T1 Personal Income Tax Return preparation – from documents provided by the tax payer and retrieved from the CRA website
1 hr Phone/video conference to review the draft tax return prior to filing, and discuss any related issues
Electronic filing and CRA confirmation

You confirm that all information necessary to compile your personal income tax return will be complete and accurate. We will not audit, review or otherwise attempt to verify the accuracy or completeness of any information provided.

This package is based on a basic employment income tax return, if you require additional support for more complex issues, an additional quote can be provided to you.

Starting at $90 / return

T2 Corporate Tax Return

To assist in preparation of Corporate Income Tax Returns and associated schedules. This includes:

T2 Corporate Income Tax Return preparation, based on online accounting records
1 hr Phone/video conference to review the draft tax return prior to filing, and discuss any related issues
Electronic filing your T2 Corporate Income Tax Return with the CRA and relevant provincial authorities
Digital copy of your Corporate Tax Return provided to you
Personal tax returns for 2 shareholders

You confirm that all information necessary to compile your corporate income tax return will be complete and accurate. We will not audit, review or otherwise attempt to verify the accuracy or completeness of any information provided.

This package is based on a basic corporate income tax return, and does not include any review, compilation or adjustment of your accounting records. If you require additional support for more complex issues, an additional quote can be provided to you.

Starting at $1,300