Technical Co-founder For Your Startup – Establish and Grow Your Business With Experts
Startup businesses are one of the specialisms here at Filing Taxes and we support thousands of startups every year. Welcome to the world of running your own business. Whether you are taking a punt, have a pre-established business model, or plan to take over the business world, we will assist you every step of the way. Get your business started with expert accounting for startups from Filing Taxes.
Business models evolve with time, sometimes due to changes in the market and sometimes due to the advent of technology. In the emergence of exciting new trends, we at Filing Taxes closely track the startup ecosystem and prepare your business for the next level of success with advanced technology tools, real business expertise, and flexible service offerings, including accounting and bookkeeping services.
Whether it’s an advice on your business structure, registering with CRA, forming a limited company, or getting a business bank account, Filing Taxes can help with all that and more. We’ve got packages to suit your needs and budget. We’re professional trusted accountants that offer services online and in person.
What services do startups need?
All start-up services must make the running of your business as cost-effective and tax efficient as possible.
- Company Formation
- Tax Registration
- Business Bank Account Set-Up
- Dedicated Accountant
- VAT Submissions
- Self-Assessment Tax Return
- Year-end Accounts Filing
What is Accounting for Start-Up?
Accounting for start-ups is virtually the same thing as accounting for any business, but with more of an understanding and leaning towards first-time business owners and encouraging growth from a standing start. Accounting for start-ups is the recording of your business’ income and expenditure, the calculation of your tax liabilities, and the preparation and filing of your company and/or personal tax returns.
Do startups need accountants?
You may have the business plan down to a tee, you may have printed all the business cards, and you may have the clients already in place, but your business will still require accounting support from the outset. Get the support that you need from Filing Taxes and our start-up accounting solution.
Getting a good accountant for your new business should be an early decision you make. Why? Having a startup accountant from day one or even when you’re still planning your new business venture will give you the support and advice you need on time.
If you are trying to reach out to potential investors or raise funds then you will need to have high-quality financial statements which are essential for tax reporting and providing updates to them. Professional accountants can prepare accurate financial statements that attract investment. By hiring an accounting firm, you can focus on your core business activities which include building your product, developing relationships, creating partnerships, and marketing and sales.
When you are just starting you know how important it is to stay lean and conserve cash. In the early stages, startups are trying to bootstrap, stretch limited funds and cut costs wherever possible. Here at Filing Taxes, we understand the challenges startups face and how important it is to acquire clients and pay costs as quickly as possible. Our team of startup accounting experts will work closely with you to ensure that you don’t fall for any of the common pitfalls and dangers that come with getting set up.
How Filing Taxes Can Help Your Start-Up?
Our specialist team of business experts offers a full range of services for all your accountancy, tax, and startup needs. We seamlessly integrate into your preferred systems, so all you need to do is a review and approve. And it’s Done. Our startup solutions range depending on what stage your business is in.
1. Just Starting Up
- Entity selection and incorporation filing
- Business name selection
- Business licenses
- Federal and provincial documentation
- System implementation
- Financial planning
- Policies and procedures
- Expense tracking
2. Already Up and Running
- Revenue accounting
- Accounting and bookkeeping guidance
- Month-end accounting
- GAAP financial statements
- Employee benefits consulting
- General business advisory
- Accounts payable/receivable
- Account reconciliations
- Interim CFO consulting
- Tax planning and consulting
- Startup annual tax preparation and compliance
- Payroll and sales tax
- Fixed asset tracking
- Financial reporting
3. Scaling Your Business
- Budgeting creation
- Audit support and preparation
- Cash flow analysis and monitoring
- Financial forecasting and projections
- R&D Tax Credits
- Tax Compliance
Embarking on a new business venture is an exciting and demanding time for a new startup entrepreneur. Most founders have plenty of expertise in the industry field areas, however, accounting, and administrative matters may not be their strength. We offer a complete suite of financial, CFO, tax, valuation, and consulting solutions for startups at every stage of their development process and they can be customized to fit the exact needs of your business. All services that we offer to our start-up customers are optional, and you have the flexibility to only pay for what you need with Filing Taxes.
Why Choose Filing Taxes for your Start-Up Business?
We want to assist startups in their first steps in business and will support you throughout your entire journey. We offer a whole host of services and benefits to those starting their ventures and offer unparalleled expertise in business accounting.
Accounting Work or Systems Set-Up
Filing Taxes can operate as an in-house, fully functioning finance department or provide specific bookkeeping or accounting functions to supplement your existing resources. We also advise on and assist with accounting system integration and workflow setup.
Custom Reporting & Analysis
The accounting system is the financial backbone of your business. Once the system is set up, it should capture critical data that can provide insight into your start-up’s financial and operational performance. We can work with you to develop and analyze customized reports which you can evaluate to monitor your start-up’s progress and growth. Our team can also assist with advanced forecasting and budgeting using the data and analysis derived from these reports.
Our expert teams are knowledgeable about the latest, most sophisticated formats for building accurate financial models using the correct formulas. The models enable you to consider possible outcomes based on ongoing and required adjustments to your business financials and/or scenarios.
We sync with the software you already use like Xero and QuickBooks to provide a full financial picture, that’s always up to date. There’s no need to jump from app to app. And, at month-end, you’ll receive your financial reports based on the metrics that matter most.
Whether you’re an early-stage tech startup or venture-backed, our services scale with you as you expand. We offer expert guidance on investment and funding opportunities via our partners and will make sure you’re taking full advantage of the tax schemes available, including R&D credits.
Dedicated, expert support
Your dedicated finance expert is always on hand to answer queries and is supported by our smart accounting software to ensure all deadlines are met. Get fast, responsive service. Your dedicated finance expert knows your business and books from the ground up.
Expert CFO services, customized for you
Grow your business with the advanced finance support you need when you need it. Our extensive CFO Services include annual budgeting, ongoing financial support, pitch assessment, fundraising strategy, and more.
Under One Roof
You wouldn’t buy a cup of tea from one place and your bacon sarnie from another would you? We feel the same about accounting. Why get your company incorporation done by one accounting firm, your bookkeeping taken care of by another, and then your accounts filed at the end of the year by someone else? We offer a complete startup accounting solution, covering everything your business needs to thrive and succeed for one fixed fee, all under one roof. We feel that having everything to hand and having all your business services taken care of by one trusted accounting firm gives you access to all your business information simply and easily without unnecessary hassle.
Scalability & Flexibility
Whether your start-up requires support for a one-time project or has recurring needs, all our services are scalable and customizable. Our services can range from the smallest, most detailed accounting or financial tasks to larger data-intensive ones
We understand the budget constraints of running a small business, the importance of every penny you earn, and just how difficult growing your business's bottom line is going to be. That’s why we offer a reduced rate on all our services for start-up companies. We believe in providing affordable access to experts without compromising quality. We have developed an easy-to-use quote system where you input your details and services required, and we give you a definitive price. No business is the same, that’s why we tailor our packages and offer a personalized service for all clients. Our in-house team will work with you to ensure that you are maximizing each pound you earn and are paying just the right amount of tax to the Canada Revenue Agency. We challenge anyone to find a better price out there for ongoing accounting services.
We’re industry experts in new business accounting and are recognized for assisting businesses large and small.
Get Your Business Off the Ground with Filing TaxesJust starting business? We'd love to help you and your new venture and assist with all accountancy elements of your business. We will make sure your business starts in the right way. Get in touch today!
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