Do you process payroll?
Yes, we process payroll for a number of our clients. This includes: Monthly, Semi-Monthly, Biweekly, Weekly Payroll Runs CRA Payroll submissions ROEs Annual T4’s T5018 Forms for contractors
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Who controls my information?
Regardless of where the work is performed, you maintain ownership of your information. Management retains control related to who can access to the information, no matter where it is located. Control is also maintained through your acceptance of which services, pricing and contractual provisions you agree to.
Does outsourcing cost more than hiring my own internal accountant?
Generally it will cost NO more than it is currently costing you for up-to-date information and most time it will be less. You will not have employee benefits, pension contributions or employer costs for government programs You will not have to provide training to employees to keep them up-to-date You will not have to keep up-to-date with technology for your accounting. Savings also come in the freeing up of your time to work on your business
What are the benefits of outsourcing your bookkeeping?
Outsourcing your bookkeeping allows you to: Focus on your core competencies. Positioning Management (owners) as a “user” rather than a “generator” of your information. Receive accurate and timely information. Employ up-to-date accounting technology, without the upfront costs. Reduce your costs of having an accountant/bookkeeper on staff. Obtain greater access to skilled people. No office space is required. No training is needed. No Payroll taxes (EI, CPP). Pay only for work actually carried out. Balance Sheet – available each period. It summarizes your total business assets, liabilities and net worth at a given point in time so you can make the right decisions based on up-to-date information. Monthly Income (Profit & Loss) Statement – a monthly breakdown of you sales and expenses for the current month, and a year-to-date total.
Questions to consider when deciding to outsource your bookkeeping.
Ask yourself: If I were to start this business / company today would I choose to do the books myself? Do you find it difficult to organize your records? Are you always behind in getting your information to your accountant? Am I so good at maintaining and updating my books and records that others would hire me to do it for them?
Should you outsource your bookkeeping?
You should consider outsourcing your bookkeeping for the following reasons: Reduce and control operating costs. Free up your limited resources for other purposes. You do not have the resources internally. Your record keeping is difficult to manage or is out of control. Improve your business focus. Ability to grow your organization
I am way behind can you help me catch up?
Yes, we can help you get organized and set you on the right path. It’s never to late to catch up