What Types of Services are You Looking for?
No one goes into business for themselves thinking how excited they are to handle the paper work and tick the boxes the government requires.
At Pennies & Sense, we understand that your time is valuable and needs to be spent on your passion – your business!
Whether you are a one-person subcontractor with an office in a box out of your vehicle or a brick and mortar storefront with 100 employees,
we can turn your financial data into useful information and make sense of your pennies.
Bookkeeping Services
- Electronic client invoicing and accounts receivable follow up
- Vendor e-payments and/or cheque production
- Expense classification
- General ledger maintenance and monthly account reconciliations
- Inventory management
- Government filings and remittances
- Applications for Canada Emergency government subsidies
- Financial reporting & systematic organization
- Producing T5018s/T5018Sum
- Year end preparation coordinating with the CPA of your choosing
- Audit support
Payroll Services
- Preparing payroll using software or manual production of pay stubs
- Calculating employee hours and qualified stat pay
- Assisting with termination checklists and creating ROEs
- Confirming compliance with Employment Standards
- Proper application of employee taxable benefits
- Filing & remitting WCB and Employer Health Tax (EHT)
- Producing T4/T4Sums and T4A/T4ASums
- Creating entries in accounting software to capture payroll expenses
- Working with your accountant assisting with their T5 production
- Audit support
T1 Individual Taxes
Whether it is a simple return for an employed person without deductions or a complex return for the self-employed person with many deductions, we can help take the guess work out of your return and minimize your tax bill.
Individual Budgeting
Having trouble figuring out where your money goes each month? Want to make some changes but don’t know where to start? We can work with you to review your spending habits and create a plan specifically built for you to finally succeed at working toward your financial dreams.
F.A.Q.s
Book a free consultation where we do an assessment and provide solutions we think could benefit you. You decide what ideas we implement. Then we get to work making your life easier!
Bookkeeping for a small business is typically a part time job. Hiring a part time employee to handle it can work but then you only have access to them on the days they are scheduled. Hiring Pennies & Sense means you have access to us full time and you only pay for the time we spend actively working for you, saving you money.
When you engage our services, we sign a confidentiality agreement to protect you. We have extensive security software and all of the programs we use are cloud-based so, not only are you protected, but you have 24/7 access to everything we are doing no matter where you are.
No way! You are always in the drivers seat. We can provide as much or as little service as you like and we ensure you have total access everything, just as you would if they were being done at your location.
Yes, most definitely. We are not CPAs but we can work with any accountant you choose. Accountants can do bookkeeping but it is far more costly. This is why most people hire a bookkeeper – to handle the day to day – and their accountant handles their T2 Corporate Tax Filing. Plus, it never hurts to have an extra trained pair of eyes looking out for you.
We provide offsite solutions but may come to your location for pickups/deliveries and the occasional face to face meetings. More commonly, phone calls or virtual meetings with screen share are offered and can be a valuable way to get updates on your business. Working offsite allows us access your live data at the drop of a hat, ensuring your questions are answered quickly and efficiently.
There are a few different options such as shared storage through Dropbox or other platforms, courier, mail and pick up/delivery service to your door.