Starter Plan

Written By Peter Gamboa

$500-600/month

Includes the following services:

Monthly Bookkeeping

We record, categorize, and reconcile your income and expense transactions each month from your bank and credit card accounts. This ensures your books stay accurate, organized, and audit-ready year-round. You’ll receive up-to-date financials every month so you always know where your business stands.

We match every transaction in your books to your actual bank/credit card statements every month so your numbers are accurate to report monthly financials to you in real-time.

Monthly Financial Statements

Each month, you’ll receive two essential financial reports:

  1. Profit & Loss Statement: Shows your total income and expenses for the month and year-to-date, helping you see whether your business is making a profit or operating at a loss.

  2. Balance Sheet: Provides a snapshot of your business’s overall financial position, including what you own (assets), what you owe (liabilities), and what’s left over for you (equity).

These reports are delivered along with a 5-minute video summary highlighting the month’s results, with the focus being on accuracy and compliance. This allows you to monitor your numbers and track changes over time, so you always have a clear picture of your business’s financial health.

If you are looking for more in-depth analysis, a Quarterly or Monthly Analysis Packages are available for purchase as add-ons.

HST/GST Filing

If you’re registered for sales tax, we prepare and file your HST/GST returns on time, using your accurate monthly data. We want to keep you compliant and avoid penalties.

CRA Support

CRA Compliance Check - what’s Included:

  • Receipt Capture & Organization

    • We collect and store your receipts and supporting documents directly in Dext, integrating it with QuickBooks Online to streamline record-keeping.

    • Every expense is backed up with digital proof for audit-readiness.

  • Recordkeeping Audit Trail

    • Ensures your income, expenses, and HST/GST filings can be supported by proper documentation.

    • Keeps your books aligned with CRA requirements, reducing the risk of disallowed expenses.

  • Compliance Review

    • Monthly review of documentation completeness so nothing slips through the cracks.

  • Peace of Mind

    • If CRA requests supporting documents, you’ll already have a complete and organized digital file ready to go.

CRA correspondence - what’s Included:

  • Review and assessment of CRA notices and letters (income tax, GST/HST, payroll).

  • Drafting and submitting responses to CRA for routine inquiries (e.g., missing slips, proof of filing, payment confirmation, HST adjustments).

  • Guidance on what the notice means and what action, if any, you need to take.

  • Record-keeping of all CRA communications handled on your behalf for audit trail purposes.

CRA audits - what’s Included:

  • Audit Representation

    • If you are audited, we act on your behalf, providing the CRA with all necessary documentation and explanations.

    • We handle phone calls, letters, and meetings with CRA agents for issues tied to the work we manage.

  • Supporting Documentation & Proof

    • Access to your receipts, financials, and filings.

    • We ensure CRA requests are answered quickly and completely.

  • Peace of Mind Guarantee

    • Instead of worrying about the “what ifs,” you can rest easy knowing that you have a CPA handling all CRA interactions with professionalism and expertise.

Not Included:

  • CRA issues unrelated to the bookkeeping and tax services we provide (i.e., payroll audits for a payroll not managed by us).

Email Support

With the Starter Plan, you’ll have direct access to a CPA through email whenever you have bookkeeping or tax-related questions.

What You Can Expect:

  • Timely Responses: Emails are answered within 1 business day.

  • Straightforward Guidance: We’ll provide clear, practical answers to your bookkeeping and tax compliance questions.

  • Document Requests: If we need additional receipts, bank statements, or information for your bookkeeping or tax filings, you’ll receive clear instructions via email.

  • Record of Communication: Having answers and instructions in writing means you can easily refer back to them when needed.

Examples of What’s Covered:

  • Clarifying what qualifies as a deductible expense.

  • Guidance on how to provide documents securely.

  • Updates on filing deadlines or CRA reminders.

  • Simple questions about how to read your financial statements.

Limitations in Starter Plan: Email support is best suited for straightforward questions and compliance-related issues. For in-depth discussions on your financials, strategy or complex situations, we recommend purchasing either the Quarterly or Monthly Advisory Services.

Starter Plan Add-Ons

T1 Personal Tax Filing - Optional to include free of charge

As a sole proprietor, your business and personal taxes are filed together. We prepare and file one personal tax return (T1) for the business owner only, along with the T2125 Statement of Business Income at year-end, ensuring your personal and business finances are accurately reported to the CRA.

Included:

  • Preparation and filing of one T1 personal tax return for the business owner

  • Preparation of the T2125 Statement of Business Income based on the bookkeeping we maintain throughout the year

  • Reporting of common tax slips such as:

    • T4 (employment)

    • T5 (investment income)

    • RRSP contributions

    • Tuition credits

    • Charitable donation receipts

  • Application of standard credits and deductions to reduce taxes owing

  • Direct electronic filing with the CRA on your behalf

  • Digital copies of your filed return and Notice of Assessment for your records

Not Included (quoted in addition if applicable):

  • Additional personal tax returns for spouse or dependents

  • Rental property schedules (T776)

  • Capital gains or complex investment reporting

  • Foreign income or foreign property disclosures (T1135)

  • Multiple sole proprietorships or additional business schedules

  • Complex or advanced tax planning beyond compliance filing

Payroll

Managing payroll can be one of the most time-consuming and stressful parts of running a business. Our payroll service ensures your employees are paid accurately and on time, while keeping you fully compliant with CRA requirements.

What’s Included:

  • Payroll processing for up to 5 employees – salaries, hourly wages, overtime, and vacation pay

  • Direct deposit setup and processing (employees are paid directly to their bank accounts)

  • Source deductions calculation & remittance (EI, CPP, and income tax withheld correctly and submitted to CRA)

  • T4 and T4A slips preparation & filing at year-end

  • Records of Employment (ROEs) when employees leave

  • Basic payroll support for common questions and adjustments

Why It Matters: Accurate payroll isn’t just about paying staff, it keeps your business in good standing with CRA and avoids costly penalties. With payroll handled by your CPA, you’ll save time, avoid errors, and have peace of mind that everything is done correctly.

Pricing:

  • 1–2 employees: $150/month

  • 3–5 employees: $200/month

Limitations under Starter Plan: Payroll under the Starter Plan is capped at 5 employees maximum. Beyond that, your business is better served under the Growth Plan, which is designed for scaling teams and more complex payroll structures.

Best For: Sole proprietors with a small team, trades or service businesses with just a few employees, and owners who want payroll off their plate.

Peter Gamboa
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Growth Plan