Simplified Accounting And Bookkeeping
Simplified Accounting Bookkeeping Services
As Qualified Accountants, We Help You Maintain Everyday Accounting & Bookkeeping For Your Smal Business Or A Start Up. Rather Than Using A Comprehensive Bookkeeping Approach, A Simplified Bookkeeping Help You Stay On Top Of Your Finances And Tax Matters
- Dentist & Dental Associates
- Doctors & Medical Associates
- Sole Practitioner Lawyers
- Electricians, Plumbers & Other Trades People
- Realters & Mortgage Brokers
- E-Commerce Store Owners.
- Social Media Influencers & Content Creators
- Sporting Clubs
- Independent Consultants.
Frequently Asked Questions
Simplified accounting is a service uniquely designed by Ali Syed CPA that offer bookkeeping services to small business in a simplified way. This is ideal for businesses that feel comprehensive accounting does not fit in their budget?
You need simplified accounting because you want to make sure all expenses are recorded on time, your business cash is balanced in your books and you have a complete information on your HST liability to CRA as any given point so that you can plan your cash flow and other activities.
Comprehensive accounting requires more information for each transaction that is recoded and hence it becomes more costly as compared to simplified accounting that capture only the required information. Comprehensive accounting often require expense software subscription where as simplified accounting does not require any subscription.
Your information and data is secure in simplified accounting. You can retrieved the data any time you need.
Switching to comprehensive accounting is very easy as we manage the historic date. A lot of clients start with simplified accounting and then later switch to comprehensive accounting as their business grows.
There are many advantages for simplified accounting
Less costly
No software subscription needed
Timely HST filing
Timely Corporation tax filing
Saving on late tax filing charges
Saving on missed tax write-offs.
Many more.
Client do not have to pay for any software subscription in simplified accounting.
Simplified accounting is primarily for service industry as inventory management is not a part of simplified approach.
Yes. HST filing is included in the simplified accounting packages. Timely HST filing is one of the key features of simplified accounting package. Timely HST filing ensure that client is not paying any interest in late HST filing and also it also ensures that client has time to budget for HST payments and they are not using borrowed funds to make payments and paying interest.
Year end tax filing is not included in the simplified accounting package but because the books are up to date in a professional and accurate manner, tax filing is a simple and quick process.
If the payroll is relating to the owner on a fixed basis, we will support that in the package. If the client has multiple employees or if the payroll amounts vary from period to period, then payroll will be bill separately.
Depending on the nature of the work, we will provide a quote before starting our work. At Ali Syed CPA, we strongly believe in transparent pricing. We will never bill you for something that you are already not aware of and agreed to.
CRA audits are a routine, and they can happen to any business at any time. Our experience staff is highly skilled in CRA audits.