Sole Proprietors annual fees are based on actual time spent and include :

Preparation of annual tax returns including Statement of Professional Activities (Schedule T2125)
Preparation of the annual HST Return (If applicable)
Initial Review meeting with your accounting team
Accounting support and advice through the year on a call in or visit basis
Annual tax planning meeting
Bookkeeping and complete document management

Free value added services available to you in addition to above are:

Aggressive tax strategies to minimize your taxes
Extensive Answers to “Frequently Asked Questions” (FAQ)
Advise to assist you with annual bookkeeping
Benchmark Analysis of revenue and expenses, identifies opportunities in your tax

Annual client evaluations ensure constant improvements to our levels of service

Accounting fees are pre-paid through the year with an option of paying these on a monthly, bi-monthly or quarterly basis. You also have the option of pre-paying the fees up front in one lump sum should you so desire. All prepayment amounts will be credited towards your accounting fees. Your accounting team will be able to provide you with an estimate of the final fees at fiscal year-end time.

* – Including the Ontario Corporation Information Act Annual Return for tax years ending after December 31, 2008

**- Administrative fees for preparation of a T4 or T5 and submission to Canada Revenue Agency are additional.

Books Well Kept has Enrolment Agents (EA) who are certified to file U.S taxes. We provide you a unique one stop shop solution to file both Canadian and U.S taxes using one tax consultant. Isn’t this nice!

Clients that have corporate revenue from US contracts are generally exempt from US federal corporate income tax; however, US state corporate income tax may be payable depending on which US state is involved. Although it varies state by state, many US states impose both interest charges and late filing penalties on corporate income tax owing starting only three months after the corporate fiscal year end date.

Corporate annual fees are based on actual time spent and include:

Preparation of annual corporate financial statements on a “Notice to Reader” basis
Preparation of the Harmonized T2 Corporate Income Tax Return*
Preparation of the annual HST Return
Initial Review meeting with your accounting team
Accounting support and advice through the year on a call in or visit basis
Annual tax planning meeting
T4 planning and review (Excluding administrative fees**)
Bookkeeping and complete document management