Fixed monthly accounting packages for small businesses
Bookkeeping, HST, year-end and tax for one predictable monthly fee, from Parkway CPA in North York. Growing and Established include payroll for your own salary.
In short: Small Business from $349, Growing Business from $649 and Established Business from $1,199 a month, plus HST. You get a written fixed quote after a free consultation and a look at your books, and we take care of transferring your file from your previous accountant.
Small Business
From$349 a month + HST
Incorporated businesses with simple books.
- Quarterly bookkeeping in QuickBooks, reconciled
- HST returns
- Year-end financial statements
- T2 corporate tax return and T5 slips
- CRA deadline and instalment reminders
Up to 50 transactions a month.
Get a quoteGrowing Business
From$649 a month + HST
Growing businesses that want monthly numbers and tax planning.
- Everything in Small Business
- Monthly bookkeeping in QuickBooks
- Monthly profit and loss and balance sheet
- Your personal tax return
- Salary or dividend plan and a yearly planning meeting
- Payroll for your own salary, with your T4
Up to 150 transactions a month.
Get a quoteEstablished Business
From$1,199 a month + HST
Established businesses and owners with a holding company.
- Everything in Growing Business
- Year-end and T2 for one holding company
- Quarterly planning meetings
- Replies to CRA letters and review requests
- Priority response
Up to 400 transactions a month.
Get a quoteGrowing Business and Established Business include payroll for your own salary. Payroll for employees can be added to any package for $79 a month plus $20 per employee. If you go over your package’s transaction limit, you move up to the next package.
Compare the packages
| Service | Small Business | Growing Business | Established Business |
|---|---|---|---|
| Transfer of your file from your previous accountant | |||
| Bookkeeping in QuickBooks, reconciled | Quarterly | Monthly | Monthly |
| HST returns | |||
| Year-end financial statements and T2 | Yes, plus one holding company | ||
| T5 slips for dividends | |||
| CRA deadline and instalment reminders | |||
| Monthly profit and loss and balance sheet | Not included | ||
| Your personal tax return (T1) | Not included | ||
| Salary or dividend plan | Not included | ||
| Tax planning meetings | Not included | Once a year | Every quarter |
| Replies to CRA letters and review requests | Not included | Not included | |
| Priority response | Not included | Not included | |
| Payroll for your own salary, with your T4 | Add-on | ||
| Payroll for employees, with remittances, T4s and ROEs | Add-on | Add-on | Add-on |
| Transactions a month, up to | 50 | 150 | 400 |
| Price, from | $349 a month + HST | $649 a month + HST | $1,199 a month + HST |
Swipe sideways to compare all three packages.
How pricing works
Free consultation
We talk through your business and what you need from an accountant.
We look at your books
A quick review of your records, accounts and payroll so the quote is accurate.
Your fixed quote
A written monthly fee and an engagement letter that lists exactly what’s included.
Same fee every month
Reviewed once a year, with at least 30 days’ written notice of any change.
Add-ons
- Payroll for employees: $79 a month plus $20 per employee, covering pay runs, remittances, T4s, ROEs and the payroll software (your own salary is included in Growing Business and Established Business)
- Holding company on Small Business or Growing Business: $125 a month
- Catch-up bookkeeping and overdue returns: quoted in writing before work starts
- CRA audit representation: quoted in writing before work starts
- Incorporation, reorganizations and voluntary disclosures to CRA: quoted in writing before work starts
Questions about the packages
Do you handle the switch from my current accountant?
Yes. Every package includes transferring your accounting file from your previous accountant. You sign one authorization and we collect your statements, returns, working papers and QuickBooks file. How the transfer works.
Is HST included in the prices?
No. Prices are shown before HST, which is added at 13% as required in Ontario. There are no other mandatory charges on top of the package price.
Is there a setup fee?
No. If your books are behind or need cleaning up before we start, that catch-up work is a separate, optional service, quoted in writing before any work begins.
How do you set my exact price?
After a free consultation and a look at your books, we give you a fixed monthly fee in writing, along with an engagement letter that lists exactly what’s included. The price shown here is the starting point for a business within the package limits.
What if my business goes over the package limits?
If you regularly go over your package’s transaction limit, you move up to the next package. We’ll always tell you before anything changes.
Is payroll included?
Payroll for your own salary is included in Growing Business and Established Business. Payroll for employees is an add-on to any package: $79 a month plus $20 per employee, covering pay runs, CRA remittances, T4s, Records of Employment and the payroll software, with nothing extra to pay. You, as the owner, aren’t counted as an employee. On Small Business, payroll for your own salary is $99 a month.
Can I change packages or cancel?
Yes. You can move between packages as your business changes, and either of us can end the arrangement with 30 days’ written notice.
Are CRA audits covered?
Replies to CRA letters and review requests are included in Established Business. Full CRA audit representation is quoted in writing for every package.
Find the right package for your business
Book a free consultation and get a written fixed quote before anything starts.