Bookkeeping services for small businesses
Small business is an integral part of the Canadian economy. According to the latest Small and Medium-sized Enterprises (SME) research and statistics results, 1.18 million (97.9%) of all businesses in Canada are small businesses. More than half of which (53.5%) are 1-4 employees company. The impact of small businesses is enormous. It is responsible for roughly 12.5% of the Gross domestic product (GDP).
source: Canada research and statistics
The high number of small corporations is driving the economy, creating jobs, and bringing a lot of competition to business owners. While the competition is good for the economy overall, it puts a lot of pressure on the person running it.
As a business owner, you want to focus on growing your business, and choosing the right team will help. The last thing you want is to spend your time doing bookkeeping instead of working with your clients on another deal, which will bring additional income to your firm. Let the professional accounting company take care of all your records and perform all bookkeeping-related tasks.
We provide a complete bookkeeping solution for your business
We have more than ten years of experience providing the following accounting and bookkeeping services
- Accounts Payable / Receivable
- Payroll services with direct deposit
- Tax remittance calculations
- Bank and credit card reconciliations
- Financial statements
- Day to day transactions processing
- Cash receipts and reimbursements
- We will maintain your Accounts Payable, Accounts Receivable, and payroll and will bring it up to date if required.
- We will take care of bank reconciliation and credit card statements.
- When needed, we will deal with the CRA on your behalf regarding any concerns they have.
- We will provide your employees with T4’s at the end of the year.
- If you registered for monthly, quarterly and annually HST Filing, we would calculate the amount need to file in your HST return and file it.
- We will notify you about any deadlines to avoid late filing penalties and interest.
- To protect you from any claims related to a business injury, we will register you with WSIB.
Bookkeeping is the recording of financial transactions and is part of the process of accounting in business. Transactions include purchases, receipts, sales, and payments by a person or an organization/corporation.
Top 3 reasons to choose bookkeeping services from Taxory
When choosing an accounting firm, hiring a professional who knows his job is essential. Our experience is more than ten years, where we provided accounting, taxation, and bookkeeping services to plenty of clients in different industries.
Quality services for various industries
Most of the bookkeeping tasks are the same for different business sectors. Still, each industry is unique, and knowing business-specific rules is an enormous benefit because it eliminates most of the mistakes novice bookkeepers may make. Our bookkeeping experience spans dozens of different industries, such as IT Companies, Truck drivers, Restaurants, Real Estate, Construction companies, Daycares and many more.
We are experts in all major accounting software.
We work with all major accounting and bookkeeping software and consider ourselves experts. We work in Quickbooks Online and Desktop, Freshbooks, Hubdocs, Profile, Wave Accounting, Xero, Sage, and Caseware.
Flexible pricing for our services
We have a flexible price strategy for our bookkeeping services. Our pricing includes packages for startups with a couple of monthly transactions or well-established companies with employees, payroll, and hundreds of daily operations.
Bookkeeping services in Mississauga
Taxory provides online bookkeeping services from our Mississauga office to all our clients in Ontario.
We are conveniently located in the northwestern corner of the city of Mississauga.
Many of our clients work in the neighbour, around Britannia Road and Creditview Road. Still, the location does not matter much with the latest technologies, and we serve many of our clients all over Greater Toronto Area (GTA).
Outsourcing bookkeeping services is a smart choice
Delegation of various tasks is one of the critical principles of successful business operations. Even if your company is small and you can find time to do some bookkeeping, you can’t perform a full accounting cycle and prepare financial statements without proper education. Besides, hiring a full-time bookkeeper does not make sense until your company is a medium or large corporation with a dedicated accounting department.
Outsourcing accounting & bookkeeping tasks to public accounting companies is what most small business owners decide to do during the first year after opening the business, and we are ready to help. Our corporate accountants cost a fraction of what you would pay to a full-time employee.
Learn more about our bookkeeping services!
Are you a business owner looking for the best bookkeeping services in Mississauga? You can contact Taxory over the phone or email to get a free no-obligation consultation by filling out the below form.