In the realm of small business, an accountant plays a key role. They are crucial for maintaining accurate financial records and offering sound financial advice and planning at all times.
When it comes to online accounting services for small and medium-sized enterprises (SMEs), no one does it better than Accountico Tax & Bookkeeping Services. We recognize that every firm is different, which is why we offer flexible, personalized accounting solutions. We offer individualized services and knowledgeable accountants to assist you in making wise financial choices.
We serve the following cities across Ontario and more: Scarborough, Mississauga, Greater Toronto Area GTA, Brampton, Ottawa
Cloud Accounting for Small Businesses
Tax differences exist between small and mid-size businesses in Canada, affecting deductions and more. With small business cloud accounting, you’ll have more leeway than ever before in how you handle your company’s finances.
- Accessible Finances: Cloud accounting provides easy access to financial data, statements, and reports online, promoting timely decision-making.
- Streamlined Data Sync: Sales, income, and expenses sync directly from banks, enhancing accuracy and collaboration among stakeholders.
- Customizable Dashboards: Tailored dashboards and automated reports offer clear snapshots of cash flow and financial status.
- Security and Convenience: Cloud-based accounting ensures automatic updates, data security, and backups without the need for local installations.
How Much Does an Accountant Cost for a Startup?
Accounting costs vary based on company size, industry, and service level needed. Many startups and Small businesses need accounting help but don’t have the funds to engage an in-house bookkeeper. On the other hand, businesses that have an accountant on staff may eventually outgrow that person’s capabilities but lack the means to establish a separate accounting division.
For small firms, virtual accountants offer many benefits. Whether you’re a new company with simple accounting needs or a well-established small business in search of comprehensive consulting and bookkeeping services, you’ll find what you’re searching for here. With Accountico CPA’s fully adaptable and flexible online accounting for small businesses, you will save money while getting access to a skilled team.
Not just at year’s end, but all year round, our staff of seasoned CPAs (Certified Public Accountants) works virtually and seamlessly as a member of your team to assist you maintain financial management.
Benefits of Online Accounting for Small Businesses and SMEs
- Organized Records: Maintain up-to-date financial records and statements with the help of dedicated accountants.
- Accountico Expertise: Experienced CPAs offer personalized solutions beyond basic accounting.
- Efficient Cash Flow Management: Manage cash flow effectively, prepare for expenses, and avoid unexpected financial challenges. Keep track of your money.
- Utilizing Modern Accounting Software: Benefit from customized cloud accounting software setup and consultation.
- Stress-Free Year-End: Consistent year-round accounting support reduces year-end stress and ensures proper tax handling.
- Managing Payables and Receivables: Stay on top of bills and invoices, fostering strong relationships with vendors and clients.
- Informed Decision-Making: Consider the financial implications of each business decision, such as relocating, combining, adding employees, or buying new equipment.
- Risk Mitigation: When it comes to taxes and accounts receivable, missing any one document or deadline might have catastrophic results. Know that your small business is in good hands with your accountant.
Affordable Accounting Packages for Small Businesses
Companies may boost profits, reduce costs, plan ahead financially, and act prudently when they use accurate accounting methods. In contrast, a company is at a disadvantage in all areas of financial planning if its accounts aren’t in order.
When it comes to accounting, however, most owners of small businesses simply don’t have the time or money to do it themselves. It’s possible they don’t have the funds or the immediate need to engage an in-house accountant full-time.
Our company, Accountico, is committed to become Canada’s premier provider of cloud accounting services. Does your small business require the services of a full-time accountant? Maybe you just need to round out your current team. We offer flexible accounting packages to meet the demands of small businesses of all sizes.
We offer the following services for small, and medium-sized enterprises:
- Bookkeeping & Preparing Financial Statements
- Corporate Tax Return (T2) Preparation and Filing Online
- Ensuring tax compliance with federal and provincial regulations
- Extending tax services to non-resident shareholders
- Catering to tax needs of Foreign Corporations in Canada
- Preparing employee returns (T4s, T4As, and T5s)
- Addressing backfilling of as many years
- Handling tax disclosure and appeals
- Interfacing with Canada Revenue Agency (the CRA)
- Devising income tax strategies and planning
- Assisting with reorganizations and amalgamations
- Preparing and Filing HST, GST, QST sales taxes
Why Hire a Virtual Accountant for Your Small to Medium-Sized Company?
Accounting services can be helpful for small businesses that are spending too much time on tasks like payroll processing, tax filing, and bookkeeping. Instead of spending hours per week in front of an accounting ledger, you could be managing and strategizing for your firm. Outsourcing accounting tasks frees up time for core business activities. Accountants assist in optimizing cash flow and meeting growth goals, while supports well-informed business choices.
With Accountico, Our online accounting services elevate small businesses through consultation and expert support year-round.