Accounting Services

Get a custom accounting program tailored to your business needs. We offer a full range of services, from keeping your books up-to-date and accurate to compilation of financial statements and providing regular business insights using the latest AI and Machine Learning technologies.

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Therese Squires
Therese Squires
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Subhash responds to questions and concerns with clear and concise information. I would highly recommend his services.
Babak Morshedizadeh
Babak Morshedizadeh
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Subhash has made our lives easy. He looks out for us, is extremely responsive, and provides true value.
Cristina Butnaru
Cristina Butnaru
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Subhash has always provided outstanding service, above and beyond his duties. He is fast, efficient, and a great problem solver.
Myra Henson
Myra Henson
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True to his words and very professional. He is very honest and very supportive. As a new immigrant, he helped us fix our status.
Paul Coude
Paul Coude
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Subhash is VERY knowledgeable about entrepreneurship and advises about optimizations. I would recommend him to anyone who starts a business
Leah Garniss
Leah Garniss
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Subhash was trustworthy and very easy to communicate with every time I hired him.
Shenelle Lumzel-Brown
Shenelle Lumzel-Brown
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He carries himself in a professional manner, and always makes himself available for any inquiries that need answering.
Darryl Peddle
Darryl Peddle
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Working with Subhash has been refreshing and provided me with peace of mind when it comes to my finances.
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Frequently Asked Questions

Accounting Services

CPA stands for Chartered Professional Accountants of Canada – a national organization representing the Canadian accounting profession. Bronte Bay is a proud member in good standing of the CPA Ontario.

CPAs play key roles within diverse segments of the economy including industry, public accounting, government, education and the not-for-profit sector. They offer a strong set of accounting and managerial skills required for today’s complex and evolving environment. CPAs are broad-minded, forward-thinking professionals who undertake appropriate analysis, exercise good judgment, communicate effectively and act to protect the public interest.
In short, yes! An accountant can help both businesses and individuals manage finances and income, provide help with taxes, assist in keeping accurate payroll records, generate financial reports, and ensure your company meets regulatory compliance.

Working with an accountant can result in significant savings on taxes thanks to careful tax planning which results in reduced tax liabilities. An accountant can also help identify expenses that you may overlook that could provide additional tax benefits.
Outsourcing your company’s accounting can result in significant savings in both time and money. Your business can benefit from cost and overhead reductions such as recruiting, employee benefits, training, hardware, accounting software, supplies, and office space. On top of that, you can save additional resources by not having to manage additional staff/department.

Outsourcing your accounting also enables you to scale and expand your business without having to invest in additional staff to manage finances as you grow.

Finally, by outsourcing your accounting, you reduce risk since it allows you to have an additional layer of checks and balances that minimizes or eliminates internal fraud opportunities, as well as verifies the accuracy of your financials.

You should look to outsource your accounting once you reach a point when a bookkeeper is no longer sufficient, and you need management accounting. Consider outsourcing your accounting when you have reached the point in the lifecycle of a small business, where accounting suddenly becomes a more complex challenge.

In this situation, the CEO/owner can no longer be involved in every aspect of the business and requires more sophisticated financial reports for data-based decision-making. Some indicators that your business is reaching this stage are 1) reaching $1 million in revenue, 2) employing eight to ten people, 3) accepting outside investor capital.
Bronte Bay accounting and bookkeeping services offers streamlined and transparent pricing based on a predictable and simple flat monthly fee with unlimited accounting support. You can choose the Standard, Premium or Ultra plan depending on your needs and your company’s lifecycle stage. We also offer custom packages tailored specifically to your business needs.

Traditional accounting firms charge hourly rates that range from $150 and $400+ per hour. This depends on the type of service you need and the scope of work. For example, a bookkeeper might cost you between $50 – $100 per hour. Hiring a tax professional ranges between $146 and $457, while corporate tax accountants may charge between $350 – $700. Our accounting plans start from $625 per month and provide a full range of accounting services.

Check out our Pricing page for more information.
The best way to separate your personal and business finances is to incorporate a business – establish a partnership firm, limited liability company or a private entity for your business depending on your needs. You will also need to keep separate records of accounts, one for personal and another for business finances. Besides records, you’ll also need to open separate bank accounts and credit cards, as well as keep loan accounts separate.

Keeping track of separate accounts as well as incorporating a business and making confident business decisions can be cumbersome and complex. To ensure you make the right decision, consider hiring a CPA, lawyer, and financial planner to help determine what entity makes the most sense, how this business will impact your taxes and financial planning and keep your accounts and taxes in check.

A professional accountant will guide you through the incorporation process, classification of expenses, accounting treatment, taxation impacts of transactions, help reduce tax liabilities, ensure regulatory compliance and more.
Corporate accounting includes accounting services for companies, such as preparation of final accounts and cash flow statements, analysis and interpretation of financial results as well as accounting for specific events like mergers and acquisitions, preparation of consolidated balance sheets, etc.

At Bronte Bay, we provide corporate accounting to companies of all sizes, regardless of their lifecycle stage as a part of our accounting, tax preparation, bookkeeping, audits, payroll, and consulting services. Contact us to learn how we can help manage your business finances.

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