How much do you pay for your accounting service?

pkpower wrote: ↑ I'm not a fan of paying monthly for accounting service. It's great for the accounting firm but not so great for their clients..

I've found an accountant that is charging:

• T2 - $2,000 (includes T5, financial statements, adjustments) our business is really simple
• Bookkeeping - $58 per hour
• GST/PST - $58 per hour
• General CPA help - $155 per hour

604paladin wrote: ↑ That's pretty standard. That's on the low side of what I would charge (I run my own CPA firm in Surrey BC). $58 an hour for bookkeeping (GST/PST is bookkeeping work) is on the low side, typical rates are between $50 - 75 / hour. Important part isn't the price, but your comfort level and if the person / firm you are doing your year end with is giving you the answers you need to succeed.

When I deal with clients and they cringe at the $2,000 to $4,000 price point for doing a corporate year end, It is usually because they shouldn't be incorporated in the first place. If you have to pay $2,000 in year end fees and your business nets only $50,000 before paying yourself, that accounting fee definitely hurts a lot. But if the number is $250,000 .. good chance you might not even bat an eye at that point.

chinaboy1021 wrote: ↑ Following this thread. I need to hire a corporate accountant ASAP. 2 years of T2s overdue.