What software does Tax Buddies use?

At Tax Buddies, we use a wide range of software and add-on apps to manage your bookkeeping. We use cloud-based accounting software such as Quickbooks Online or Xero to give you real-time, live financial data. Additionally, we integrate your data with a host of applications tailored to your business needs, such as Receipt Bank, Hubdoc, and Fathom.

Why does Tax Buddies use cloud accounting software versus standard desktop versions?

We use cloud accounting software for its collaboration and accessibility features. It allows us to work closely with business owners using real-time financial data, and it provides our clients with the ability to manage their business from any device, anywhere in the world. Using cloud-based accounting services also allows us to connect with third-party apps that can further benefit your business.

What tax services does Tax Buddies provide?

Tax Buddies provides a variety of tax compliance services for Canadian corporations, including but not limited to corporate tax (T2 Return), GST returns, personal tax, payroll compliance, CRA Communication and Audit Representation, Personal Taxes and Payroll services.

What is a business advisory service, and how will it help my business?

At Tax Buddies, our business advisory service involves conducting a thorough business assessment and reviewing all internal processes relevant to managing and operating your business. Based on that review, we create a personalized plan for your company. Our core advisory focus provides support for budgeting and forecasting future results, as well as interpreting and understanding financial results. Additionally, we offer many other services to help businesses refine internal processes and procedures, and secure financing.

Why should I invest money into services such as bookkeeping and budgeting?

Bookkeeping and budgeting are essential for understanding your business’s financial performance in the past and future. Keeping your books up-to-date provides a measurement to assess the health of your business, while budgeting helps you make smarter financial decisions to operate your business more effectively.

What if I prepare my own bookkeeping, is there a package for tax compliance and/or other business advisory services?

Yes, we can customize any package to fit your specific needs, whether you require just corporate tax compliance or would like tax compliance bundled with other services. At Tax Buddies, we provide personalized solutions to help your business succeed.