Why Outsource?
Why Choose Fix My Books to Outsource Your Bookkeeping & Tax Filing…
Grown so quickly that you are falling behind?
Stuck comparing contractors and internal employees?
Don’t have time to find, hire, and train staff?
Are payroll taxes and benefits eating into your margins and profitability?
If you answered “Yes”, we are here to help.
Let us handle the bookkeeping, so that you can focus on the more important tasks and we can work together to grow your business.
Bookkeeping?
Tax Preparation & Filing?
Still Not Convinced?
Make Sure You Know Your Obligations!
Contractor Bookkeeper
Invoiced payments so you have greater control of your cash-flow
Monthly bookkeeping expenses are tax deductions
No additional payroll tax remittance to CRA, so you can save time and money
No time-off or absences, your bookkeeping will always be done
No filing of T4’s and ROE’s to prepare so you have less paperwork
Salaried Employee
Must train new employee
Must be on Payroll
Additional Payment for Employee Overtime
Additional CPP Payment - Employer Portion
Additional EI Payment - Employer Portion
Must remit payroll deductions to CRA on time or there will be penalties
Must prepare Record of Employment (ROE) when when an employee stops working and has an interruption of earnings
Must prepare T4 for employee
Bookkeeping will not be done when employee has time-off or absences
Some Benefits of Outsourcing Your Bookkeeping!
Save Money & Save Obligations
As a small business owner, your bookkeeping expenses will be tax deductible.
You will also be able to save money by avoiding additional costs which come with on-boarding employees, such as hiring, training and the additional 15% to 30% of taxes which relate to Payroll Taxes, Benefits and Time-Off.
Focus on Growing Your Business
We know that your time is precious as a small business owner, and spending 6 to 18 months hiring and training new staff to proficiency may not be feasible.
Outsourcing your bookkeeping and tax filing allows you to free up time to grow your business by spending that time on revenue generating metrics like customer acquisition and retention.
Cloud Accounting Solutions
With Cloud Accounting Solutions like Quickbooks Online, Hubdoc, and Fix My Books’ Client Portal you don’t need a bookkeeper to go to your physical site to access your books and records, saving office space.
Your bookkeeping, tax filing, communication, tasks and document management can be done online, with 24/7 access easily, and at your convenience.
Don’t Stress Over Holidays
Employee holidays in a small business can be incredibly stressful, especially if paperwork builds up and the bookkeeper handles your invoicing, payroll, and monitoring of bills and expenses.
When you have a permanent outsourced bookkeeper you can be confident that your books will always be up to date and there will be no catching-up to do during tax season.
Don’t Pay More Than You Need To
When you hire an employee you need to ensure that you have enough work to provide them, otherwise you’ll be stuck paying salary expenses that will eat into your profit margins.
An outsourced bookkeeper can take care of all of your bookkeeping and tax filing headaches, without having to pay for the excess hours of downtime.