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Our Services
We can help you keep your expenses controlled with fixed monthly packages that will complement your business. Instead of hiring a full-time Bookkeeper, our services will save you money and make sure your finances are on track - all year round.
Annual Compilation & Corporate Tax
This is a year-end service for businesses who have their own bookkeepers or can manage their own books until year end.
INCLUDES:
- Financial Statements prepared under CSRS 4200 Compilation Engagement (formerly known as Notice to Reader)
- Adjusting Journal Entries and Adjusted Trial Balance*
- T2 Corporation Income Tax Return
- Basic Tax Planning & Annual T5 preparation
- Optional add on: T1 Personal Tax preparation for business owners
* A CSRS 4200 Compilation Engagement does not constitute an audit or a review engagement, and does not include procedures to verify the accuracy or completeness of the information provided by management.
Medical Professionals
Complimenting the above accounting and tax services offered to our Medical Professional clients, the following specialized services are tailored to the unique needs of running your own practice.
Included with all above services:
- We work with your financial advisor to ensure your tax planning is robust and carried out as intended, and we ensure that your investment, insurance and retirement plans are appropriately accounted for in your books and tax filings.
- We will help you develop a simple record keeping process that allows you to spend less time on non-medical paperwork, while still keeping you intuned with your financial health.
- We can assist you in understanding and integrating your cost, billing and reporting structure in your Practice Agreement and help you ensure your record keeping is set up appropriately.
Medical Practice Set-up Consultation:
Starting your own practice is essentially starting a business. However, there are many nuances specific to Physicians and medical practices and navigating those details and requirements can be daunting. To support you in this exciting journey, we offer consultations with our experienced advisor, Margaret Shu, who will guide you through the process, streamline your set-up options so they are tailored to your practice vision, and provide you with invaluable insights developed from decades of managing all aspects of multi-disciplinary, multi-physician medical clinics.
* Consultations are offered on a per-hour basis or can be customized based on your individual needs.
Services
(Starting at)
T1 personal tax income tax return
$400
$600
$100
Single
Couple
Added for each rental property
T1 sole proprietor / self-employed (T2125) personal income tax return
$800
$75
per hour added if additional bookkeeping is required
T1 Final Return / Estate Income Tax Return (T3 Trust)
$1,000
T2 Corporate Income Tax Return only (includes T5 filing)
$1,500
(does not include financial statements)
T3010 Registered Charity Information Return
$600
(does not include financial statements)
CSRS4200 Compilation Financial Statements
$1,500
$2,500
CSRS4200 financial statements only
CSRS4200 financial statements plus T2 and T5 filing
GST Return
$100
per hour
T-Slip Preparation, Bookkeeping & Payroll, WCB Annual Return
$75
per hour
Special election income tax filings or CPA level advisory services
$110 - $150
per hour
* Fees above are estimated from a base level of complexity. Additional time will be required for increased complexity or a greater than average volume of transactions which will be additionally billed at $75-110/hour.
Fixed Fee Monthly Packages
For business owners who need help with record keeping, we offer monthly bookkeeping packaged with year end services, all for a fixed monthly fee. You will receive year round service while keeping costs predictable. Rates below may vary with transaction volumes and complexity, and are based on a one year commitment.
Basic
starting at $510
Growth
starting at $665
Enterprise
starting at $1,410
bookkeeping
Income & Expense Tracking
0 - 50 transactions
51 - 100 transactions
100+ transactions
GST Remittance
Annual/Quarterly
Annual/Quarterly
Annual/Quarterly
Payroll
Up to 2 Employees,
includes direct deposit
Up to 5 Employees,
includes direct deposit
Up to 15 Employees, includes direct deposit
Accounts Payable Processing
-
Invoicing & Customer Reminders
-
-
Reporting
Financial reports - QBO
Year-End Financial Statements
internal white label
CSRS 4200 compilation
Corporate Tax Return (T2)
(or T2125 Statement of self-employed business or professional activities or T3010 Registered Charity Information Return)
Customized Financial Reports with KPIs
-
-
Budget to Actual
-
-
Cash Flow Forecasting
-
-
Technology*
Cloud Accounting
(QuickBooks Online)
QuickBooks Payroll
QuickBooks Receipt Capture
QuickBooks Time Tracking
-
-
Custom Management Reports
-
-
Cash Flow Forecasting
-
-
Support
CPA ax Planning & Coaching Calls
Annually
Annually
Quarterly
Bookkeeping Support
Unlimited
Unlimited
Unlimited
Response Time
2 Business Days
1 Business Day
Same Day
Audit Support
-
1 hour
2 hours
bookkeeping
Income & Expense Tracking
20-75 transactions
GST Remittance
Annual/Quarterly
Payroll
Up to 5 Employes
Accounts Payable Processing
-
Invoicing & Customer Reminders
-
reporting
Income Statement & Balance Sheet
Year-End Financial Statements
(CSRS 4200 Compilation Engagement)
Corporate Tax Return (T2)
Management Financial Report with KPIs
-
Budget to Actual
-
Cash Flow Statement
-
Quarterly Cash Flow Forecast
-
technology
Cloud Accounting (QuickBooks)
QuickBooks Payroll
QuickBooks Receipt Capture
Fathom Management Reports
-
Forecasting
-
QuickBooks Web Time
-
support
Tax Planning & Coaching Calls
Annually
CPA Support
up to 3 emails per month
Bookkeeper Support
Unlimited
Response Time
2 Business Days
Government Tax Audit Support
-
bookkeeping
Income & Expense Tracking
75-150 transactions
GST Remittance
Annual/Quarterly
Payroll
Up to 10 Employees
Accounts Payable Processing
Invoicing & Customer Reminders
-
reporting
Income Statement & Balance Sheet
Year-End Financial Statements
(CSRS 4200 Compilation Engagement)
Corporate Tax Return (T2)
Management Financial Report with KPIs
Budget to Actual
Cash Flow Statement
-
Quarterly Cash Flow Forecast
-
technology
Cloud Accounting (QuickBooks)
QuickBooks Payroll
QuickBooks Receipt Capture
Fathom Management Reports
Forecasting
-
QuickBooks Web Time
-
support
Tax Planning & Coaching Calls
Quarterly
CPA Support
3 Video Calls per month
Bookkeeper Support
Unlimited
Response Time
1 Business Day
Government Tax Audit Support
Up to 5 hours
BOOKKEEPING
Income & Expense Tracking
150+ transactions
GST Remittance
Annual/Quarterly
Payroll
Up to 20 Employees (outsourcing options for 21+)
Accounts Payable Processing
Invoicing & Customer Reminders
reporting
Income Statement & Balance Sheet
Year-End Financial Statements
(CSRS 4200 Compilation Engagement)
Corporate Tax Return (T2)
Management Financial Report with KPIs
Budget to Actual
Cash Flow Statement
Quarterly Cash Flow Forecast
technology
Cloud Accounting (QuickBooks)
QuickBooks Payroll
QuickBooks Receipt Capture
Fathom Management Reports
Forecasting
QuickBooks Web Time
support
Tax Planning & Coaching Calls
Monthly
CPA Support
Unlimited Meetings & Emails
Bookkeeper Support
Unlimited
Response Time
Same Day
Government Tax Audit Support
Up to 10 hours
AdD-Ons available customize To your needs
WCB Annual Return
$75 per hour
All other add-ons
see Services table above
* Fees are based on current Intuit Quickbooks pricing and are subject to subscription price changes by the software vendor. Plan prices above will be adjusted should any software subscription price changes occur. See current pricing at: Intuit Quickbooks Pricing
Prices above last updated November 27, 2024 and are subject to change. Contact info@gcmcpa.ca for more information.
Prices above last updated November 27, 2024 and are subject to change. Contact info@gcmcpa.ca for more information.
Reach Out. We will make it easy.
Grace C McKay Professional Corporation
Chartered Professional Accountant
300 - 4838 Richard Road SW
Calgary, Alberta
T3E 6L1
Chartered Professional Accountant
300 - 4838 Richard Road SW
Calgary, Alberta
T3E 6L1
