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Hi, do you charge a separate fee to file a financial statement vs a corporate tax return for a small business? It’s a professional corporation, with minimal overhead (office in house and minimal expenses). I’m currently getting charged around 50 percent more to file my financial statements from an accountant than to file a corporate tax return. Is that normal? Ex: $1200 for financial statement and $875 for corporate return. Curious if that’s market price?
Hi Mac,
If the total fee includes bookkeeping charges (e.g. entering all the data into an accounting software, e.g. QuickBooks), then the total fee charged to you is reasonable. Our fees are as follows:
Initial Tax Planning + Corporate Tax Return Preparation - $1,375
HST Return Preparation (if required) - $150
T5 Slip Preparation (for dividends paid to you in the year) - $100
Bookkeeping - $50 / hour
Notice to Reader Financial Statements (if required) - $750
Disbursements and taxes are extra