Accountants.....grrrrr

[C_Dave45]

Originally posted by stillworking
It sounds like he has brought his fees in line with current rates.
I can't say exactly for a proprietor though.
The going rate for a T2 (Corporate Income Tax) is roughly $1200-2500, not including any bookkeeping.
And it's always cheaper to hire someone to do bookkeeping then handing it off to your designated accountant.
Sounds to me like you got lucky for a few years.

I'm not corporate. I'm SP. And there was no bookkeeping.

[EK69]

Entering data into QuickBooks pro counts as bookkeeping I guess

[Masked Bandit]

Is it possible that the accountant had to double check all your entries? I'm guessing if I, as an accountant, were submitting a tax return to CRA with my name & professional reputation on it, I would be double checking the numbers that were handed to me. Or maybe the accountant is just trying to pay for his new car?

[SkiBum5.0]

Do accountants charge like car mechanics? He/she probably has "book time" for your return and charges per the line item.

Before, you made him work for it, now he's probably like the car mechanic who gets the 5.5 hour book brake job.

[Sugarphreak]

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[C_Dave45]

Originally posted by SkiBum5.0
Do accountants charge like car mechanics? He/she probably has "book time" for your return and charges per the line item.

Before, you made him work for it, now he's probably like the car mechanic who gets the 5.5 hour book brake job.

"per line item"....hmmm. Okay lets break this down then.

A T5018 form for sub-contractors.

My company's total subs: 3
total number of "lines": 36
Invoice charge: $600.

Wow...I hope InRich doesn't use this same tax guy...at those "per line rates" his T5018 return would be in the neighbourhood of about $10,000. God forbid if he did, say, Trans Canada's 5,000 sub-contractors. JACKPOT!

Want to know how long it takes to file a T5018 return?

1:Open the "Process End of Year Forms" window and make sure the correct Form and Year are selected.
CLICK!

2: Select the vendors you would like to process slips for.
CLICK, CLICK, CLICK..

3: Click EFILE. CLICK!

4: Submit to CRA's website. CLICK

5: Wipe sweat from brow & exhale loudly "WHEW"!

6: Invoice customer $600

[Sugarphreak]

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