Our Approach
Obtaining tax and accounting advice should not cost a fortune. We believe that the clients should not have to overpay as a result of the size or the internal cost structure of the accounting firm servicing them. In other words, if you require preparation of a corporate tax return, there should not be a big difference between the fees quoted by various firms. Unfortunately, we see that is not the case. We regularly come across clients paying exorbitant fees.
In one instance, a company was previously charged as high as $5,000 for preparing a rather straight-forward Canadian corporate tax return. In this instance, our fee came in within a third of the fee charged by the other accounting firm. In another instance, we had an individual who was charged approximately $1,000 for his personal tax return which we thought was not all that complex. Again, our fees fell within 50% of the amount previously charged by the other accounting firm. With us, you can rest assured that your tax and accounting requirements will be addressed in an effective, efficient and a timely manner for a very reasonable fee.
Generally, our fees depend on the type of service that is being offered. While there are instances where we would offer an hourly fee quote, we also perform engagements on a fixed fee basis or on a contingent fee basis. We describe these below:
Hourly Fee
In quoting fees for services based on hourly rates, we typically look at the type of work that we are engaged for. As such, hourly rates really depend upon the type of services that are being offered. For example, the hourly fee quote for provision of bookkeeping and record keeping services would be significantly lower compared to that for the provision of tax planning services for obvious reasons. However, irrespective of the type of service being offered, we can assure you that are hourly rates are very reasonable – and considerably lower than those being charged by the other firms.
Fixed Fee
We undertake engagements on a fixed fee basis as well. The fee is usually agreed upon and outlined in the engagement letter. The fixed fee arrangement can be incorporated in almost all types of engagements; however, it can be difficult to come up with a fixed fee quote for certain types of engagements. Typical fixed fee engagements include preparation of personal tax returns and corporate tax returns, preparation of various forms, elections, and correspondences among others.
Contingent Fee
In certain cases, the fee we charge is based entirely on the tax savings or other positive result achieved by our efforts – that way you only have to pay if there is a benefit to you. An example of such a service is the Diagnostic Tax Review service under which, our clients pay us based on a percentage of the tax refund received. You pay the fee, in this case, upon receiving the refund cheque from the tax authorities.
Finally, we thought we should clarify this: We do not charge for an initial consultation. If you have any questions, do not hesitate to call us at 647.295.3047.
Obtaining tax and accounting advice should not cost a fortune. We believe that the clients should not have to overpay as a result of the size or the internal cost structure of the accounting firm servicing them. In other words, if you require preparation of a corporate tax return, there should not be a big difference between the fees quoted by various firms. Unfortunately, we see that is not the case. We regularly come across clients paying exorbitant fees.
In one instance, a company was previously charged as high as $5,000 for preparing a rather straight-forward Canadian corporate tax return. In this instance, our fee came in within a third of the fee charged by the other accounting firm. In another instance, we had an individual who was charged approximately $1,000 for his personal tax return which we thought was not all that complex. Again, our fees fell within 50% of the amount previously charged by the other accounting firm. With us, you can rest assured that your tax and accounting requirements will be addressed in an effective, efficient and a timely manner for a very reasonable fee.
Generally, our fees depend on the type of service that is being offered. While there are instances where we would offer an hourly fee quote, we also perform engagements on a fixed fee basis or on a contingent fee basis. We describe these below:
Hourly Fee
In quoting fees for services based on hourly rates, we typically look at the type of work that we are engaged for. As such, hourly rates really depend upon the type of services that are being offered. For example, the hourly fee quote for provision of bookkeeping and record keeping services would be significantly lower compared to that for the provision of tax planning services for obvious reasons. However, irrespective of the type of service being offered, we can assure you that are hourly rates are very reasonable – and considerably lower than those being charged by the other firms.
Fixed Fee
We undertake engagements on a fixed fee basis as well. The fee is usually agreed upon and outlined in the engagement letter. The fixed fee arrangement can be incorporated in almost all types of engagements; however, it can be difficult to come up with a fixed fee quote for certain types of engagements. Typical fixed fee engagements include preparation of personal tax returns and corporate tax returns, preparation of various forms, elections, and correspondences among others.
Contingent Fee
In certain cases, the fee we charge is based entirely on the tax savings or other positive result achieved by our efforts – that way you only have to pay if there is a benefit to you. An example of such a service is the Diagnostic Tax Review service under which, our clients pay us based on a percentage of the tax refund received. You pay the fee, in this case, upon receiving the refund cheque from the tax authorities.
Finally, we thought we should clarify this: We do not charge for an initial consultation. If you have any questions, do not hesitate to call us at 647.295.3047.