Why should I pick TaxBuddy over other firms?

TaxBuddy combines the expertise of a traditional CPA firm with modern, cloud-based technology. We offer upfront pricing, On-Demand assistance via video/chat/email, and a digital-first approach that saves you time. No more driving to a dusty office to drop off shoeboxes of receipts.

What cities do you serve?

We serve clients across all of Canada. Since we are a 100% virtual firm, we can support your business whether you are in Vancouver, Toronto, Halifax, or anywhere in between. We understand provincial tax variations and compliance requirements for every province.

Do you have a physical office I can visit?

We are a digital-first firm, which allows us to keep our overhead low and our fees competitive. We conduct all meetings via Zoom or Microsoft Teams, and use secure portals for document exchange. This means you can meet with your accountant from the comfort of your home or office.

What accounting software do you use?

We are experts in Quickbooks Online and Xero. These cloud platforms allow for real-time collaboration and bank data integration. If you are currently on desktop software or Excel, we can help you migrate.

What is the deadline for corporate tax returns?

Corporate T2 returns are due 6 months after your fiscal year-end. However, any tax owing must be paid within 2 or 3 months (depending on your corporation type) to avoid interest.

Virtual Accounting Services

Virtual accounting services offer the expertise of a professional CPA without the overhead of an in-house department. TaxBuddy Canada utilizes secure cloud technology to manage your tax filings, financial statements, and payroll remotely. This flexible model allows for proactive tax planning and real-time advisory, ensuring that your business remains agile, compliant, and fiscally healthy in a digital-first economy.

TaxBuddy Canada services change the way you plan your business’ present and future. Generate more revenue, make higher profits, and make decisions that drive success.

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Easy communication

Customer-centered connection
Explaining elements in detail
Collaborative work system

Professional help

Corporate finance expertise
QuickBooks & XERO certified
SAGE & FreshBooks experts

Business expansion

Evaluation of goals & issues
Situation analysis
Custom solutions for business

What are Virtual CPA Services?

Virtual accounting services are the future of the accounting industry. They allow for greater flexibility, efficiency, and effectiveness for overall financial planning for businesses and individuals across Canada.

TaxBuddy Canada is one of Canada’s leading virtual accounting firms, offering our services to businesses across the country. The goal of all our accountants is to give companies better control of their finances and growth through sound financial reporting, administration, financial analysis, financial planning, and tax preparation.

How Do Virtual Accountants Work?

Any small business, self-employed individual, SME, or large corporation can benefit from working with a virtual accounting firm. Because virtual accounting firm fees are usually less than those of traditional accounting, it can even be a great solution for individuals looking to take better control of complicated finances.

Service Specific Q&A

Our virtual model uses secure cloud platforms like QuickBooks and Xero. You upload documents to our portal, and our CPAs manage your bookkeeping, payroll, and tax filings remotely. We meet via Zoom or phone to discuss your financial strategy, providing professional oversight without the need for an in-house office.

Often they are more secure. TaxBuddy uses bank-grade 256-bit encryption and multi-factor authentication. Unlike physical offices where paper files can be lost or stolen, your data is stored in redundant, secure cloud servers with constant monitoring.

Which virtual accounting services does your business need?

At TaxBuddy Canada, we offer a number of virtual accounting services to our clients across Canada. Whether you are a small business, an SME, a large corporation, or an individual, our customizable virtual accounting services can be scaled up or down, depending on your needs.

Virtual Software

Virtual software recommendations, set up, and support.

Integration Management

Software integration management.

Document Management

Secure virtual document management.

Bookkeeping

Bookkeeping and financial reporting.

Accounts Payable/Receivable

Management of AP and AR.

Annual Statements

Preparing computer-generated statements of accounts.

Income Tax

Preparing and filing all relevant income tax documents.

GST/HST

GST/HST preparation and filing.

Incorporation

Incorporation services.

Payroll

Virtual payroll services.

Financial Advising

Strategic financial advising.

Cash Flow

Managing and forecasting cash flow.

HR Management

Employee and HR management.

Tax Strategizing

Tax planning and tax strategizing.

Compliance

Full tax compliance and CRA liaising.

Why should you choose virtual accountant services?

What are the differences between a virtual accounting company and a traditional accounting firm? It comes down to more than just one being online and the other being in a brick and mortar location.

Your team

Work with a full team of designated accountants vs one individual.

Software & Technology

Latest cloud software vs outdated systems.

Cost

Lower overhead fees mean savings passed to you.

Legislation Updates

Automatic updates vs manual updates.

Cost certainty

Predictable flat monthly rate vs surprise bills.

Support

Fast responses within 24 hours vs days or weeks.

Scalability

Services scale with your growth vs rigid packages.

<h3>The Virtual Accounting Firm Canadians Trust</h3><p>TaxBuddy Canada is dedicated to providing flexible and scalable online accounting to self-employed individuals, small businesses, SMEs, and large corporations across Canada. We have been operating as an online accounting firm for over five years. We understand the industry is changing, and traditional accounting options just no longer cut it for business owners anymore.</p><p>Our goal is to help your business succeed through effective online accounting. We provide guidance and actionable advice for gaining more control of your firm’s accounting and finances.</p>