Accounting Services

London Tax Depots offers accounting services for every type and size of business.

Explore the following services to see all the packages we offer.

  • Accounting Services

    Basic Annual Accounting Services

    Preparation of Notice to Reader Financial Statements and Income Tax Returns, based on the information being entered and reconciled in an online accounting software package.

    This includes:

    • Annual review of financial information contained in your online accounting software (managed by your bookkeeper)
    • Preparation of required adjusting entries (up to 20)
    • Preparation of T2 Corporate Income Tax Return
    • Calculation of your taxation refund/payable
    • Preparation of annual Notice to Reader Financial Statements
    • 1 hour annual tax planning meeting to discuss your tax position
    • Electronic filing of Income Tax Returns
    • Online Accounting Software license
    • Access to our phone and email advice line (up to 1 hr a month)

    $125 / month


    Budgeting & Forecasting Services

    Detailed 12 month Forecast and Budget broken down month by month.

    This includes:

    • Review of sales, expenditure and financial short term and long term goals
    • Cashflow forecast for the period
    • Profit and Loss budget forecast for the period
    • Balance sheet forecast for the period
    • Client meeting to discuss improvements in budget & cash flow included

    This will be in a format suitable for presentation to your stakeholders or bank manager.

    $170 / month


    Premium Review Annual Accounting Services

    Preparation of Notice to Reader Financial Statements and Income Tax Returns, based on the information being entered and reconciled in an online accounting software package.

    This includes:

      Review of financial information contained in your online accounting software (managed by your bookkeeper) Preparation of required adjusting entries Preparation of quarterly Financial Statements (Income statement, balance sheet and notes) Quarterly financial review meetings and an annual tax planning meeting (1 hr each) Preparation of T2 Corporate Income Tax Return Calculation of your taxation refund/payable Electronic filing of Income Tax Returns Online Accounting Software license Unlimited access to our phone and email advice line

    $250 / month


    Quarterly Review Annual Accounting Services

    Preparation of Notice to Reader Financial Statements and Income Tax Returns, based on the information being entered and reconciled in an online accounting software package.

    This includes:

    • Review of financial information contained in your online accounting software (managed by your bookkeeper)
    • Preparation of required adjusting entries (up to 20)
    • Preparation of quarterly Financial Statements (Income statement, balance sheet and notes)
    • Quarterly financial review meetings (1 hr each)
    • Preparation of T2 Corporate Income Tax Return
    • Calculation of your taxation refund/payable
    • Electronic filing of Income Tax Returns
    • Online Accounting Software license
    • Access to our phone and email advice line (up to 1 hr a month)

    $180 / month


  • Adisory Services

    General Advisory Services (tax, health check, compliance, other)

    To assist you as advisors and consultants in business and taxation strategic planning.

    This includes:

    • Prepayments/accruals
    • Assets registration
    • Tax advice
    • Financial and key KPIs advise
    • Accounting software advice
    • Bookkeeping advice
    • Follow-up meetings
    • email and telephone support

    $1,500

    (check here frequently)


    Virtual CFO Services

    The CFO advisory services are an hybrid between CFO and Controller advisory services, to assist you in standard compliance & business strategic planning.

    This includes:

    • Oversee your accounting systems to ensure proper bookkeeping and reporting
    • Monitor the financial health and well-being of the business
    • Budgets and forecasts to help measure business performance
    • Help managing and forecasting cash flow assumptions and needs
    • Guidance in strategic planning relating to growth and expansion
    • Financial insight and guidance on all company decisions and issues

    $4,000 / month


  • Bookkeeping Services

    Bookkeeping Large (up to 500 transactions)

    Bookkeeping activities will be conducted on behalf of your business to ensure that all financial information is up to date.

    This includes:

    • Monthly reconciliation of bank and credit card statements up to 500 transactions
    • Monthly reconciliation accounts receivable and accounts payable up to 500 invoices
    • Paperless Payables – Supplier invoices and receipts imported via online software
    • Debtor reminders
    • Maintain data feeds into your accounting software files
    • Troubleshooting & support
    • Online Accounting Software license included

    $550 / month


    Bookkeeping Medium (up to 200 transactions)

    Bookkeeping activities will be conducted on behalf of your business to ensure that all financial information is up to date.

    This includes:

    • Monthly reconciliation of bank and credit card statements up to 200 transactions
    • Monthly reconciliation accounts receivable and accounts payable up to 200 invoices
    • Paperless Payables – Supplier invoices and receipts imported via online software
    • Debtor reminders
    • Maintain data feeds into your accounting software files
    • Troubleshooting & support
    • Online Accounting Software license included

    $420 / month


    Bookkeeping Small (up to 100 transactions)

    Bookkeeping activities will be conducted on behalf of your business to ensure that all financial information is up to date.

    This includes:

    • Monthly reconciliation of bank and credit card statements up to 100 transactions
    • Monthly reconciliation accounts receivable and accounts payable up to 100 invoices
    • Paperless Payables – Supplier invoices and receipts imported via online software
    • Debtor reminders
    • Maintain data feeds into your accounting software files
    • Troubleshooting & support
    • Online Accounting Software license included

    $350 / month


  • Payroll Services

    Additional Employee Bi-Weekly Payroll (add-on)

    Bi-weekly Payroll service for additional employee.

    $10 / month


    Bi-Weekly Payroll (up to 10 employees)

    We will prepare your payroll on a bi-weekly basis to meet employment tax requirements.

    This includes:

    • Calculate and process bi-weekly Payroll for up to 10 Employees, using an online payroll software
    • Calculate and track accrued vacation and sick time or other benefits
    • Provide direct deposit for your employees
    • Electronic paystubs accessible online by employee
    • Preparation and electronic filing of T4 summary and slips (must be client through year end for T4 preparation)
    • Payroll taxes remitted to Government with each payroll (eliminates the need to come up with large payroll tax deposits quarterly)
    • Preparation of Records of Employment (ROEs) for departing employees
    • Includes electronic filing and electronic payment of payroll taxes and returns when available
    • Includes Payroll Register Reports with each payroll run with monthly & year to date payroll
    • Includes responses to related notices from taxing authorities in relation to payroll

    Prices as per calculator


    Bi-Weekly Payroll (up to 20 employees)

    We will prepare your payroll on a bi-weekly basis to meet employment tax requirements.

    This includes:

    • Calculate and process bi-weekly Payroll for up to 20 Employees, using an online payroll software
    • Calculate and track accrued vacation and sick time or other benefits
    • Provide direct deposit for your employees
    • Electronic paystubs accessible online by employee
    • Preparation and electronic filing of T4 summary and slips (must be client through year end for T4 preparation)
    • Payroll taxes remitted to Government with each payroll (eliminates the need to come up with large payroll tax deposits quarterly)
    • Preparation of Records of Employment (ROEs) for departing employees
    • Includes electronic filing and electronic payment of payroll taxes and returns when available
    • Includes Payroll Register Reports with each payroll run with monthly & year to date payroll
    • Includes responses to related notices from taxing authorities in relation to payroll

    Prices as per calculator


    Bi-Weekly Payroll (up to 50 employees)

    We will prepare your payroll on a bi-weekly basis to meet employment tax requirements.

    This includes:

    • Calculate and process bi-weekly Payroll for up to 50 Employees, using an online payroll software
    • Calculate and track accrued vacation and sick time or other benefits
    • Provide direct deposit for your employees
    • Electronic paystubs accessible online by employee
    • Preparation and electronic filing of T4 summary and slips (must be client through year end for T4 preparation)
    • Payroll taxes remitted to Government with each payroll (eliminates the need to come up with large payroll tax deposits quarterly)
    • Preparation of Records of Employment (ROEs) for departing employees
    • Includes electronic filing and electronic payment of payroll taxes and returns when available
    • Includes Payroll Register Reports with each payroll run with monthly & year to date payroll
    • Includes responses to related notices from taxing authorities in relation to payroll

    Prices as per calculator


    Bi-Weekly Payroll (up to 5 employees)

    We will prepare your payroll on a bi-weekly basis to meet employment tax requirements.

    This includes:

    • Calculate and process bi-weekly Payroll for up to 5 Employees, using an online payroll software
    • Calculate and track accrued vacation and sick time or other benefits
    • Provide direct deposit for your employees
    • Electronic paystubs accessible online by employee
    • Preparation and electronic filing of T4 summary and slips (must be client through year end for T4 preparation)
    • Payroll taxes remitted to Government with each payroll (eliminates the need to come up with large payroll tax deposits quarterly)
    • Preparation of Records of Employment (ROEs) for departing employees
    • Includes electronic filing and electronic payment of payroll taxes and returns when available
    • Includes Payroll Register Reports with each payroll run with monthly & year to date payroll
    • Includes responses to related notices from taxing authorities in relation to payroll

    Prices as per calculator


  • Reporting Services

    Financial & Management Reporting

    Based on the information being entered and reconciled in an accounting software package.

    We will provide you with quarterly management accounts, in addition to your regular bookkeeping services, including the following:

    • This includes:
    • Income statements (Profit & Loss account)
    • Cash summary
    • Balance Sheet
    • Accounts Receivables due and Aged Debtors details
    • Accounts Payables due and Aged Creditors details
    • A Board Report
    • A contribution analysis report (by project and/or client)

    $350 / month


  • Software Subscription Services

    Cloud Accounting Software Subscription

    Monthly software suite subscription provides you with access to the selected online accounting software system.

    $30 / month


    Software Suite Subscription

    Monthly software suite subscription provides you with access to a suite of online tools:

    • Accounting system
    • Integrated with various apps working together to maximize workflow efficiency including:
    • Document collection and management software to seamlessly sync your documents and their data with your accounting system. It turns your receipts, bills, and invoices into accurately coded, transactions with key data entered and source documents attached. Transactions are then auto-matched to the bank feed for one-click reconciliation and audit-proofing.
    • Business payments system that digitizes your accounts payable and receivable process. Pay and get paid via ACH with full remittance information, store documents, and route bills for approval.
    • Time tracking software that syncs up customers, jobs and employee info seamlessly online
    • Receipt and mileage tracking, expense reporting, and company card reconciliation software

    $150 / month


  • Taxation Services

    Audit Protection (add-on for T1 personal tax return)

    To assist you in case of CRA audit, we will respond at no extra charge. This includes:

    • CRA Correspondence Response
    • CRA Audit Representation

    Audit protection applies only to T1 Personal Income Tax Returns filed by us, and only during tax years for which Audit Protection is chosen.

    $100 one time


    GST/HST Preparation & Filing (annual)

    To assist you in filing an annual GST/HST return, this includes:

    • GST/HST Return Preparation (annual filer)
    • Assistance summarizing GST/HST collected and available Input Tax Credits
    • Automated email “due date” reminders
    • Phone/video conference support to answer your questions pertaining to your GST/HST return throughout the year
    • Communication and correspondence with the CRA with respect to GST/HST matters
    • Electronic filing and CRA confirmation

    $500 in advance


    GST/HST Preparation and Filing (quarterly)

    To assist you in filing an annual GST/HST return, this includes:

    • GST/HST Return Preparation (quarterly filer)
    • Assistance summarizing GST/HST collected and available Input Tax Credits
    • A customized tax calendar summarizing key dates throughout the year
    • Automated email “due date” reminders
    • On-going phone/video conference support to answer your questions pertaining to your GST/HST return throughout the year
    • Communication and correspondence with the CRA with respect to GST/HST matters
    • Electronic filing and CRA confirmation

    $75 / month


    T1 Personal Income Tax Return

    To assist in preparation of Federal and Provincial Personal Income Tax Returns. This includes:

    • Assistance summarizing eligible expenses and determining available tax credits
    • T1 Personal Income Tax Return preparation – from documents provided by the tax payer and retrieved from the CRA website
    • 1 hr Phone/video conference to review the draft tax return prior to filing, and discuss any related issues
    • Electronic filing and CRA confirmation

    You confirm that all information necessary to compile your personal income tax return will be complete and accurate. We will not audit, review or otherwise attempt to verify the accuracy or completeness of any information provided.

    This package is based on a basic employment income tax return, if you require additional support for more complex issues, an additional quote can be provided to you.

    Starting at $90 / return


    T2 Corporate Tax Return

    To assist in preparation of Corporate Income Tax Returns and associated schedules. This includes:

    • T2 Corporate Income Tax Return preparation, based on online accounting records
    • 1 hr Phone/video conference to review the draft tax return prior to filing, and discuss any related issues
    • Electronic filing your T2 Corporate Income Tax Return with the CRA and relevant provincial authorities
    • Digital copy of your Corporate Tax Return provided to you
    • Personal tax returns for 2 shareholders

    You confirm that all information necessary to compile your corporate income tax return will be complete and accurate. We will not audit, review or otherwise attempt to verify the accuracy or completeness of any information provided.

    This package is based on a basic corporate income tax return, and does not include any review, compilation or adjustment of your accounting records. If you require additional support for more complex issues, an additional quote can be provided to you.

    Starting at $1,300


    T4 Summary & Slips Preparation (up to 10 employees)

    To assist you preparing and filing annual information returns from online payroll records. This service includes:

    • Analysis of your online payroll records
    • Reconcile annual payroll remittances
    • Preparation of T4 slips and summaries (up to 10 employees)
    • Preparation of T5 slips and summaries (if required)
    • Email of slips to recipients
    • Electronic filing of return

    This service does not include processing of payroll, we will not be responsible to ensure compliance with employment standards.

    $150 one time / year


    T4 Summary & Slips Preparation (up to 20 employees)

    To assist you preparing and filing annual information returns from online payroll records. This service includes:

    • Analysis of your online payroll records
    • Reconcile annual payroll remittances
    • Preparation of T4 slips and summaries (up to 20 employees)
    • Preparation of T5 slips and summaries (if required)
    • Email of slips to recipients
    • Electronic filing of return

    This service does not include processing of payroll, we will not be responsible to ensure compliance with employment standards.

    $250 one time / year


    T4 Summary & Slips Preparation (up to 30 employees)

    To assist you preparing and filing annual information returns from online payroll records. This service includes:

    • Analysis of your online payroll records
    • Reconcile annual payroll remittances
    • Preparation of T4 slips and summaries (up to 30 employees)
    • Preparation of T5 slips and summaries (if required)
    • Email of slips to recipients
    • Electronic filing of return

    This service does not include processing of payroll, we will not be responsible to ensure compliance with employment standards.

    $300 one time / year


    T4 Summary & Slips Preparation (up to 40 employees)

    To assist you preparing and filing annual information returns from online payroll records. This service includes:

    • Analysis of your online payroll records
    • Reconcile annual payroll remittances
    • Preparation of T4 slips and summaries (up to 40 employees)
    • Preparation of T5 slips and summaries (if required)
    • Email of slips to recipients
    • Electronic filing of return

    This service does not include processing of payroll, we will not be responsible to ensure compliance with employment standards.

    $350 one time / year


    T4 Summary & Slips Preparation (more than 40 employees)

    To assist you preparing and filing annual information returns from online payroll records. This service includes:

    • Analysis of your online payroll records
    • Reconcile annual payroll remittances
    • Preparation of T4 slips and summaries (more than 40 employees)
    • Preparation of T5 slips and summaries (if required)
    • Email of slips to recipients
    • Electronic filing of return

    This service does not include processing of payroll, we will not be responsible to ensure compliance with employment standards.

    To be quoted


    Tax Planning & Advice

    Planning meeting to discuss developments and to discuss tax saving opportunities.

    $450 in advance


  • Training Services

    Software Setup & Training

    Software setup and training of software package. This includes:

    • Set up of new account in Software
    • Full software training for 2 hours with your team optionally recorded

    $600 in advance


    Software Training

    Training support during 2 hours with your team optionally recorded including training material.

    $400 in advance


  • Other Services

    Business Incorporation Services

    This includes:

    • One name search of the Corporate registry Cost from Province is $136.95
    • Prepare Articles of Incorporation Cost is $629.90
    • Supply and prepare the corporate Minute Book including share certificates
    • File the corporate registration with Provincial Registry

    $1,500 one time


    Quarterly Review Meetings

    Quarterly planning meetings to discuss your accounts to date, business strategy, sales cash flow and profitability KPIs.

    $165 / month


    T2 Corporate Dissolution Services

    To assist the Company with its dissolution by completing the appropriate filings to record the dissolution and follow-up through to completion.

    This includes:

    • Creating the permission letter for dissolution
    • Obtaining the approval for dissolution and facilitating the audit process
    • Create the articles of dissolution and submission to the Ministry of Government Services

    Please note, this does not cover any outstanding corporate tax filings. If necessary, these will incur additional fees.

    $1,000 one time


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