FAQ

Frequently Asked Questions (FAQ)

1. What accounting services do you provide for small businesses in Canada?

BizGen Associates provides comprehensive small business accounting services including online bookkeeping, corporate tax filing (T2), GST/HST filing, payroll management, financial reporting, controllership services, and business advisory. Our cloud-based accounting solutions are designed to help Canadian businesses stay compliant and grow confidently.

2. Do you offer cloud-based or online bookkeeping services?

Yes. We specialize in cloud accounting and online bookkeeping services using secure, modern accounting software. This allows business owners to access real-time financial data, reports, and insights from anywhere.

 3. Can you handle corporate tax filing and GST/HST returns?

Absolutely. We manage corporate income tax returns (T2), GST/HST filings, payroll remittances, and tax compliance for businesses across Canada. We also provide proactive tax planning strategies to help reduce tax liability legally and efficiently.

4. Do you provide payroll services for Canadian businesses?

Yes. Our payroll services include employee setup, salary processing, source deductions, CRA remittances, T4 preparation, and year-end reporting. We ensure full compliance with Canadian payroll regulations.

5. What are controllership services and do I need them?

Controllership services provide higher-level financial oversight beyond bookkeeping. This includes budgeting, cash flow management, KPI reporting, financial forecasting, and strategic advisory. Growing businesses benefit greatly from part-time or outsourced controllership services.

6. Can you help improve our accounts receivable and accounts payable processes?

Yes. We streamline invoicing, collections, vendor payments, and expense management systems to improve cash flow and operational efficiency.

7. Do you assist with accounting system setup and automation?

We design and implement accounting systems tailored to your business. This includes software setup, workflow automation, financial process optimization, and integration with other business tools to support scalability.

8. Do you offer business loan or lending consultancy services?

Yes. We provide consultancy for availing lending facilities in Canada. Our services include preparing lender-ready financial statements, cash flow projections, business plans, and advising on loan structures. We guide businesses through bank financing, private lending, and other funding options.

9. Can you help startups with financial projections and funding preparation?

Absolutely. We assist startups with financial modeling, business planning, investor presentations, and funding documentation to improve approval chances for loans and investment.

10. How much do outsourced accounting services cost in Canada?

Pricing depends on transaction volume, business complexity, and service scope. We offer fixed monthly accounting packages tailored to small and medium-sized businesses to ensure predictable and transparent costs.

11. Why should I outsource my bookkeeping and accounting?

Outsourcing accounting services reduces overhead costs, improves financial accuracy, ensures compliance with Canadian tax laws, and provides expert financial guidance without hiring a full in-house team.

12. How secure is your cloud accounting system?

We use secure, encrypted cloud-based accounting platforms with strict data protection standards to ensure confidentiality and compliance with Canadian privacy regulations.

13. Do you serve businesses outside Ontario?

Yes. While we serve businesses across Ontario, we also provide accounting and tax services to clients across Canada through our fully remote and cloud-based systems.

14. How can I get started with BizGen Associates?

You can contact us to schedule a consultation. We will assess your business needs, recommend the right accounting and advisory services, and onboard you seamlessly.