Be a Successful Entrepreneur
Instead of a Boring Accountant
Let us tell you a secret:
Sitting in front of your desk and sorting out the receipts is not going to bring in any new customers.
As a small business accountant, we understand you have many things on your plate: marketing your products and services, building a champion team, improving customer service, securing financings, so on and so on. Each one of them is vital for your company’s success.
Among all the activities, bookkeeping must be the most enjoyable one. That’s why millions of new business owners spent hours and hours of their precious time in front of their desks, sorting out the receipts and matching credit card transactions, right?
Unfortunately, you have to leave your comfort zone and do one thing that only you can do – growing your business. You will impress your customers with your wonderful products & services and keep them coming back. You will attract a group of dedicated employees and create a wonderful workplace. As your accountant, we see your potential to become a visionary strategist, a charismatic leader and a great communicator; in other words, a successful businessperson. Don’t become a boring accountant like us, please.
Seriously. Leave the accounting fun to us — you have more important things to do.
Cloud-Based Accounting
Starts at $199/month
You can’t reduce your cost if you stick to an outdated way of doing your accounting. As a small business accountant, we urge you to use a cloud-based accounting platform. There are two accounting platforms that we recommend: QuickBooks Online and Xero.
Your cloud-based platform will function as your financial hub. It will send sales invoices to your customers, receive payments from them, record expenses, process payroll and monitor your cashflow. All of these can be done without an inhouse bookkeeper.
In short, adopting a cloud-based platform increases your efficiency and reduces your cost. For more information on how our bookkeeping service can help your business, please see our bookkeeping page.
Corporate Income Tax
Starts at $700 per year
As a small business accountant, we believe most CPA firms’ tax preparation process is an overkill for a typical small business.
We have streamlined our tax preparation process to provide our clients a cheaper and better choice. By doing the year-end process in your accounting platform, we have sped up the process, reduced the human errors and eliminated data inconsistencies. The result: a faster turnaround time with a cheaper price.
To learn more about how our streamlined process improves efficiency and results your cost, please check our corporate tax page.
eCommerce Accounting
Introducing “eComGuru Accounting” – Our Sister Company
We have formed a new sister company to better serve eCommerce clients. The new company, eComGuru Accounting Services Inc., specializes in resolving the U.S. and Canadian sales tax issues often encountered by eCommerce merchants who are selling directly to consumers in North America. It also offers bookkeeping services to Shopify stores with high transaction volumes (monthly orders between 200 and 10,000).
Helping Canadian Businesses with U.S. Sales Tax Challenges
Many Canadian eCommerce businesses are finding the U.S. market to be where their growth comes from. However, the fractured sales tax system in the United States poses a big challenge to stay compliant. There are no federal sales taxes in the United States; each state and, quite often, each municipality sets its own sales tax rate and rules. Online store operators are often required to collect sales tax based on the customer’s delivery address. In some states, the sales tax components may contain more than 5 sales taxes collected by different level of local governments.
The U.S. sales tax obligations involve 3 major parts and we are able to assist with each step:
- Sales tax number registration: eCommerce businesses are required to register a sales tax number once they cross the mandatory registration criteria (called “sales tax nexus”)
- Enable sales tax collection on eCommerce platform: eCommerce businesses should change the sales tax settings in Shopify (or WooCommerce, Amazon, eBay, etc.) to include the new sales tax number and start collecting sales taxes in the registered States.
- Filing and remitting collected sales taxes: If done manually, the eCommerce businesses should log into the different online portals hosted by each State to file and pay the collected sales taxes. There are some automated solutions out there and we can help them set it up.
Carrying On the Tradition of Excellent Services
We have obtained extensive experience when serving our eCommerce clients. Due to its unique challenges and solutions, we decided to establish a new business dedicated to eCommerce clients. By doing so, we can better serve their needs.
If you are an eCommerce business struggling with the sales tax or bookkeeping issues, please head to the eComGuru website for more information.
