Entrepreneurship & Small Business

Searching for a decent CPA for a new business

  • Last Updated:
  • Jul 31st, 2021 8:36 am
[OP]
Newbie
Mar 15, 2009
95 posts
8 upvotes
Toronto

Searching for a decent CPA for a new business

Good day all,

I'm looking for a CPA to help finalize setup of my new ON corp. and perform the accounting services.

I have spoken to several accountants on the phone and some are not very knowledgeable and others are charging excessive fees that as a new business they won't be possible to endure.

If you have a good accountant that would like to recommend or this is your profession, please contact me.

Also, any other suggestion or advice is welcome.

Thank you
3 replies
Deal Addict
Aug 12, 2010
1597 posts
1828 upvotes
Earth
As a CPA, CMA, CGA, MBA, etc., etc...let me suggest you consider a local bookkeeper
Zoomer: 1 account for family and planning to leave for good in 2023
Koodo too: for a phone and locked to 24 months but was a good deal.
[OP]
Newbie
Mar 15, 2009
95 posts
8 upvotes
Toronto
geoffs wrote: As a CPA, CMA, CGA, MBA, etc., etc...let me suggest you consider a local bookkeeper
Thank you for the advice, could you expand on this?
I realize I would be out of my debt in terms of accounting, but I do have a good understanding and experience using QuickBooks, so I should be able to do my own basic bookkeeping.

Having said that, you are the professional and could be seeing things that I'm not.

Thank you
Deal Addict
Aug 12, 2010
1597 posts
1828 upvotes
Earth
Observer135 wrote: Thank you for the advice, could you expand on this?
I realize I would be out of my debt in terms of accounting, but I do have a good understanding and experience using QuickBooks, so I should be able to do my own basic bookkeeping.

Having said that, you are the professional and could be seeing things that I'm not.

Thank you
It's about value of time vs. value of service
a) if you can do your own basic bookkeeping then the bookkeeper isn't of need;
b) if you need basic tax help and you don't have anything special going on, many small tax firms (non designated) can be of great value, however shop around for fees. No cheap isn't best, but if a small firm claims say they can't deal with paying yourself via dividends they are a basic meat &potatoes like service;
c) now say you have some tax issues that aren't usual: SRED claim, elections, etc...then you might need an accountant but there many bookkeepers who can do this too.

However being a designated accounting since Mar 2003 with enough letters to choke a cow I can tell you most overthink it, it's not voodo and infact most work that is done in companies can be done by someone with grade 12/13 accounting.
Zoomer: 1 account for family and planning to leave for good in 2023
Koodo too: for a phone and locked to 24 months but was a good deal.

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