Outsourced Accounting and Monthly Retainer Pricing

Our Outsourced Accounting service provides the assistance needed for all your financial management for the unique needs of your business. This includes:

• Bookkeeping: Detailed record-keeping and financial transaction management.

• Tax Compliance: Filing of GST, PST, and the Income Tax return, along with preparation of essential financial reports and documents.

• Payroll Services: Calculation of employee payments, remittance processing, and issuance of T4 slips and summaries.

• Financial Advising: Ongoing support, year-end pre-tax planning, and estimation of income tax payable before the business’ year-end allowing you to mitigate your income tax.

• Accounts Review: Monthly examination of accounts receivable and payables such as suppliers, GST PST owing or payroll remittance discrepancies.

Monthly Retainer Pricing

We understand that each business has its own set of requirements. Therefore, our pricing is not one-size-fits-all. Instead, it is determined on a client-by-client basis, reflecting the specific needs and complexity of your business operations. This approach ensures that you only pay for the services that are essential to your business, providing you with a cost-effective and highly personalized accounting solution.

Opting for a predictable monthly retainer for accounting services offers several advantages over handling the work in-house or hiring a full-time employee. Here are some key benefits:

1. Cost-Effectiveness: Paying a monthly retainer can be more cost-efficient than hiring a full-time accountant employee. This arrangement eliminates the additional costs associated with employment, such as benefits, training, and payroll taxes. You pay only for the services you need without any overhead of additional employee expenses.

2. Predictable Budgeting: A retainer fee helps businesses budget more effectively by setting a fixed monthly cost for accounting services. This predictability aids in financial planning and cash flow management, as there are no surprises or fluctuating costs related to accounting tasks.

3. Expertise and Quality: Retainer services typically grant you access to highly skilled accountants and financial advisors who bring specialized knowledge and experience. This level of expertise can be more advanced than what might be accessible or affordable when hiring directly, especially for small or medium-sized businesses.

4. Focus on Core Business: By outsourcing accounting tasks, business owners can focus more on core business activities without being bogged down by the intricacies of financial management. This can lead to better productivity and growth as the business leverages professional financial skills.

5. Scalability: As your business grows, the complexity of your financial needs might increase. A retainer-based accountant can scale the services provided based on the evolving needs of the business, offering more resources when necessary without the need to hire additional staff.

6. Reduced Risk of Errors: Professional accountants have the tools, systems, and expertise to reduce the likelihood of errors that can occur with DIY accounting or by less experienced staff. This reduces the risk of compliance issues with tax authorities and financial reporting errors.

7. Continuity and Reliability: A retainer ensures that you have consistent support and service from someone who understands your business well. Unlike an employee who might leave, causing disruption, a service provider is likely to offer more continuity.

8. Timely Updates and Compliance: Professional accountants stay updated with the latest tax laws and financial regulations. This ensures that your business remains compliant with all legal requirements, minimizing the risk of penalties or legal issues.

These advantages make a strong case for choosing a monthly retainer model for accounting services, providing businesses with professional expertise and peace of mind while allowing owners to concentrate on growing their business.