Accounting for Inc

[Samoinp]

Does any one have recommendations for Inc accounting? Inc is setup to provide services to client. Is quick books good enough or is it better to go with an accountant?

Apart from book keeping, would also need services like pay roll, expense management and end of year tax returns.

 

[ranjangaur4]

please let me know what did you choose and how its going. I just started working 3 days ago in contract position with my new inc. and have no clue how to handle taxes for company and myself, frequency of payments to cra etc.

 

[Samoinp]

please let me know what did you choose and how its going. I just started working 3 days ago in contract position with my new inc. and have no clue how to handle taxes for company and myself, frequency of payments to cra etc.

I just found an accountant from Liberty Tax branch. She takes care of payroll, book keeping, corporate tax returns, T4, T5 etc

 

[ranjangaur4]

I just found an accountant from Liberty Tax branch. She takes care of payroll, book keeping, corporate tax returns, T4, T5 etc

Thats great! How much will you be charged a month? Ill check in with them, too.

 

[Samoinp]

Thats great! How much will you be charged a month? Ill check in with them, too.

It varies. Just Yelp in your city and you will get quotes for their services.

 

[ranjangaur4]

Just to mention, we got a person through liberty and seems that for such a simple company (single person on contract position) they charge by good 40 % less than most other quotes we got.
Most others would take ~250-300 a month for regular single person payroll/invoice/bookkeeping and ~1600 for tax return.
Liberty has quoted ~150 a month (it may change if there are extra hours due, but would not exceed 200) and 800 for first year corporation tax return and 1000 after.
Mentioning this so anyone else in same situation can do their comparisons.

 

[Zorzi]

QuickBooks can be a great tool for managing bookkeeping, payroll, and expense tracking, especially for small businesses. However, if your Inc. setup involves complex financials, an accountant can provide better tax planning and compliance support.


An accountant can also help with payroll processing, tax filings, and financial strategy, ensuring you meet all legal requirements. If your business grows, outsourcing to an accounting firm may save time and reduce errors in end-of-year tax returns.

 

[Zorzi]

QuickBooks is a solid choice for basic bookkeeping and managing finances, but as your business grows, an accountant can provide more comprehensive support. They can ensure compliance, optimize tax strategies, and handle complex financial tasks.


For services like payroll, expense management, and year-end tax returns, outsourcing to a professional firm can save time and reduce errors. You may consider firms like https://nowconsultant.com/accounting-services-in-dubai/ for expert accounting services tailored to your business needs.