How Much Does a Bookkeeper Cost for a Small Business?
When you’re the owner-operator of a small business, there is a lot to keep you occupied throughout the workday or week. Juggling competing responsibilities means that sometimes things fall through the cracks. But when it comes to bookkeeping, payroll, and taxes, missing a deadline can mean stiff penalties and fines. When you weigh how much a bookkeeper may cost for your small business, consider the cost of handling your finances on your own, including missing deadlines. Outsourced bookkeeping and accounting provide your company with the benefits of professional support without the cost of an in-house position.
Find the Right Level of Service for Your Needs
However, when you work with an outsourced bookkeeping firm, the cost depends on the size of your organization, number of employees, vendors, and more. You can also adjust the scale of service you receive depending on if it’s tax season or if you’re scaling your operation to a new location.
Balance the Cost of a Bookkeeper with Tasks You Can Do
- Tax strategy and preparation
- Late tax filing
- HSIB filings
- HST remittances
Consider the Cost of Your Time
As an owner-operator, your focus is best spent setting and working towards goals for growing your business. Consider the cost of not working towards new product development and expansion because you’re busy with payroll and taxes.
Grow Your Business with the Help of an Outsourced CFO
Gain a 360-degree vision of your business and its potential by partnering with an outsourced CFO. Consider the profit growth potential against the cost of outsourcing your financial management to an experienced firm.
Leonard Tam Professional Corp Helps Small Businesses Wondering How Much a Bookkeeper Will Cost
Contact our dedicated team for help with taxes and accounting, and learn how much a bookkeeper will cost your business.