Why should I pick TaxBuddy over other firms?

TaxBuddy combines the expertise of a traditional CPA firm with modern, cloud-based technology. We offer upfront pricing, On-Demand assistance via video/chat/email, and a digital-first approach that saves you time. No more driving to a dusty office to drop off shoeboxes of receipts.

What cities do you serve?

We serve clients across all of Canada. Since we are a 100% virtual firm, we can support your business whether you are in Vancouver, Toronto, Halifax, or anywhere in between. We understand provincial tax variations and compliance requirements for every province.

Do you have a physical office I can visit?

We are a digital-first firm, which allows us to keep our overhead low and our fees competitive. We conduct all meetings via Zoom or Microsoft Teams, and use secure portals for document exchange. This means you can meet with your accountant from the comfort of your home or office.

What accounting software do you use?

We are experts in Quickbooks Online and Xero. These cloud platforms allow for real-time collaboration and bank data integration. If you are currently on desktop software or Excel, we can help you migrate.

What is the deadline for corporate tax returns?

Corporate T2 returns are due 6 months after your fiscal year-end. However, any tax owing must be paid within 2 or 3 months (depending on your corporation type) to avoid interest.

Automated Bookkeeping Services

Professional bookkeeping is the bedrock of business financial health and CRA tax compliance. TaxBuddy Canada's virtual bookkeeping services ensure every transaction is categorized correctly, reconciliations are completed monthly, and payroll is managed with precision. Our approach provides the clear financial visibility needed for strategic growth and audit-proofing, saving you time and preventing costly accounting errors.

Automate your internal processes to change how you look at your finances. Save time, improve accuracy, and gain real-time insights.

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Cloud-based

Secure financial information
Redundancy protection
Machine-driven software

24/7 Support

Support on any device
Fast response times
Actionable solutions

Better Accuracy

Less room for error
Flawless calculations
Accurate budgets

Why is effective online bookkeeping critical for your business?

Are you curious how professional accounting automation consultants can help you avoid manual accounting and bookkeeping? Automated accounting software and bookkeeping systems are the latest tools to save you time daily.

Automating the accounting process involves using software to complete essential tasks related to finance and accounting without manual input. These programs work to simplify your business operations, improve internal organization, and provide a transparent view of your financial health.

Even with automation, the human factor is still necessary to draw ethical and logical conclusions from data. That's where our CPAs come in - analyzing the data and applying it to your unique business strategy.

Service Specific Q&A

Major red flags include missing receipts for large expenses, mixing personal and business transactions, and inconsistencies between GST/HST filings and reported revenue. Our professional bookkeepers catch these errors before they reach the CRA, drastically reducing your audit risk.

Yes. By maintaining a CRA-compliant digital paper trail and ensuring every expense is categorized according to tax laws, a bookkeeper provides the 'proof' needed to satisfy an auditor. At TaxBuddy, we include audit-readiness in our standard bookkeeping service.

What bookkeeping and accounting services do we offer?

TaxBuddy Canada offers numerous automated accounting and bookkeeping services to Canadian companies.

Expense Tracking

Expense tracking and receipt documenting.

Invoicing

Generating and sending automated invoices.

Bill Payments

Making bill payments and receiving customer payments.

Bank Reconciliation

Reconciling bank and credit statements automatically.

Syncing Accounts

Syncing multiple bank and credit accounts.

Tax Preparation

Tax document preparation and filing.

Financial Reporting

Generating financial statements and reports.

Payroll

Processing payroll and overseeing payment processing.

Software Management

Overseeing and managing software updates.

Automated vs Manual Accounting

Why switch to automated accounting systems? The benefits are clear.

Comprehensive Management

Transparent data that is easier to understand.

Create Accurate Budgets

See where you spend most to determine accurate budgets.

Meet Deadlines

Avoid missed deadlines with push notifications and auto-payments.

Focus on Business

Spend less time on financials and more on management and sales.

Make Better Decisions

Know your cash flow status at all times.

Faster Turnaround

Less time uploading receipts or making payments manually.

<h3>The Best In Automated Bookkeeping Systems</h3><p>The most important part of implementing machine-driven bookkeeping and accounting processes is choosing the right software program to suit your business. At TaxBuddy Canada, we work with the industry’s top automated accounting software companies to provide the exact functions and features for your needs.</p><p>We work with QuickBooks Online, Xero, Sage50, Hubdoc, FreshBooks, and more. Let us help migrate your existing data into a platform that will automate your accounting and bookkeeping systems for the future.</p>