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faq2025-02-05T17:53:43+00:00

Frequently Asked Questions

Your questions about accounting, taxes, and CFO services answered by the experts at Orbit Accountants.

Bookkeeping 

How do I get started with Orbit Accountants?2025-02-14T16:58:32+00:00

Getting started with Orbit Accountants is easy. Simply contact us through our website or by phone, and our team will schedule a consultation to discuss your bookkeeping needs.

Why should I choose Orbit for business bookkeeping?2025-02-12T17:51:56+00:00

Choose Orbit Accountants for all your Canada bookkeeping needs. Our services are designed to be accurate, timely, and customized to meet your unique business requirements. Our expert team uses advanced online tools, offering you real-time access to your financial data from anywhere. With our professional support, you can focus on scaling your business while we manage your finances efficiently, securely, and in full compliance. Let us take care of the numbers so you can concentrate on what truly matters – growing your business!

Why is it important to hire a professional bookkeeper?2025-02-09T13:50:35+00:00

Hiring a professional bookkeeper guarantees your financial records are accurate, organized, and compliant. Look for local bookkeepers near me for expert support tailored to your needs. With professionals offering online bookkeeping or bookkeeping services in Canada, you can manage finances anytime, avoid costly mistakes, and focus on growth.

How often should my books be updated?2025-02-09T13:51:35+00:00

Regularly updating your financial records, ideally on a monthly basis, is essential for maintaining accuracy and avoiding costly errors. A professional bookkeeper ensures your records are compliant with regulations and provides valuable financial insights to help you make informed decisions. With online bookkeeping services, you gain the ability to track your finances in real-time, allowing you to make adjustments as needed. This proactive approach helps you stay on top of your business’s financial health, minimizing risks and setting you up for long-term growth and success.

What services do bookkeepers provide?2025-02-12T17:12:51+00:00

Bookkeepers manage a range of tasks, including tracking daily transactions, reconciling bank statements, and preparing detailed financial reports. They ensure your records remain accurate and up-to-date. By choosing local bookkeeping services in Canada, you also gain real-time access to your financial data through online bookkeeping, enabling you to streamline your business operations efficiently and stay organized.

Catch Up Bookkeeping

How do I get started with Orbit Accountants’ catch up bookkeeping services?2024-06-16T04:24:14+00:00

Contact us for a free consultation to discuss your specific bookkeeping needs and how we can help you get back on track.

Can Orbit Accountants handle ongoing bookkeeping after catching up?2025-02-02T11:02:35+00:00

Absolutely. We offer ongoing bookkeeping after catch up bookkeeping services to keep your financial records current and accurate, providing continuous support for your business.

Why is CRA compliance important?2025-02-01T19:03:34+00:00

Compliance with CRA regulations is important to avoid penalties, interest charges, and legal complications. It also ensures that your financial reporting and tax filings are accurate. With catch up bookkeeping services, you can quickly bring your books up to date, ensuring timely and compliant filings without stress.

What are the costs associated with catch up bookkeeping?2025-02-02T11:04:39+00:00

The catch up bookkeeping price depends on the amount of work needed for your business. We provide customized solutions to meet your specific needs, ensuring transparent and affordable pricing.

How long does the catch up bookkeeping process take?2025-02-02T11:06:36+00:00

The duration of the process depends on how far behind your books are. Our team works efficiently to get your books up-to-date as quickly as possible with our catch up bookkeeping services. We aim to minimize the time and effort required, ensuring your finances are compliant and accurate in the shortest time frame possible.

Can Orbit Accountants help with back taxes?2025-02-02T11:07:13+00:00

Yes, our catch up bookkeeping services include assistance with back taxes, ensuring compliance with CRA regulations and minimizing potential penalties. Our team helps you get your financial records in order while also addressing any outstanding tax issues, so you can focus on your business with confidence and peace of mind.

What documents do I need for catch up bookkeeping?2025-02-02T11:07:39+00:00

You will need bank statements, sales data, expense receipts, and other financial documents relevant to your business transactions. With catch up bookkeeping services in Canada, we assist in organizing these documents efficiently, ensuring your financial records are accurate and up-to-date for tax filing and compliance.

How can catch up bookkeeping help my business?2025-02-02T11:08:23+00:00

Catch up bookkeeping services provide a clear and accurate picture of your financial situation, ensuring compliance with CRA regulations, avoiding penalties, and improving cash flow management. These services help bring your finances up to date, making it easier to stay on track with taxes and overall business operations, while minimizing any potential issues with tax authorities.

What is catch up bookkeeping?2025-02-02T11:09:03+00:00

Catch up bookkeeping involves updating and reconciling your financial records to ensure accuracy and currency. It’s essential for businesses that have fallen behind on their bookkeeping tasks. Our catch up bookkeeping services help you get your finances up-to-date, ensuring compliance with tax regulations and avoiding penalties while improving your overall financial management.

Tax Compliance

How can I ensure ongoing compliance with corporate tax requirements?2025-02-02T11:11:37+00:00

To ensure ongoing compliance with corporate tax requirements, it’s important to file your taxes on time and stay updated on tax laws. We offer tax filing services that keep you on track with timely filings and reminders. Our expert team helps you avoid penalties and ensures your business remains compliant with all tax regulations through our reliable tax filing service.

What are the benefits of small business tax filing?2025-02-02T11:12:52+00:00

Small business tax filing offers several advantages, including staying compliant with regulations, identifying deductible expenses, and positioning your business for growth. By using our tax filing services, you ensure your filings are handled accurately and efficiently. Whether you need tax filing near me or online tax solutions, our team is here to simplify the process and help your business thrive.

How often do I need to file a corporate tax return?2025-02-02T11:15:21+00:00

To ensure your business remains compliant, corporate tax returns must be filed annually. Our expert team helps you stay on track, offering precise tax filing services and meeting all deadlines. Avoid penalties by trusting our efficient approach to file taxes on time, whether you need tax filing near me or online filing solutions.

Why should I choose Orbit Accountants for tax filing near me?2025-02-02T11:16:00+00:00

Choosing Orbit Accountants for tax filing services in Canada ensures professional and reliable service. Our team specializes in corporate tax, small business filings, and strategic tax planning. With our experience and focus on accuracy, you can rely on us for efficient tax filing services that comply with all regulations, so you can focus on growing your business.

What is corporate tax filing?2025-02-02T11:16:36+00:00

Corporate tax filing is the process of preparing and submitting a tax return to report a business’s income, expenses, and other relevant financial details to the CRA. It ensures compliance with tax laws and helps businesses fulfill their legal obligations.

Payroll Management

How can I ensure ongoing compliance with corporate tax requirements?2025-02-02T11:11:37+00:00

To ensure ongoing compliance with corporate tax requirements, it’s important to file your taxes on time and stay updated on tax laws. We offer tax filing services that keep you on track with timely filings and reminders. Our expert team helps you avoid penalties and ensures your business remains compliant with all tax regulations through our reliable tax filing service.

What are the benefits of small business tax filing?2025-02-02T11:12:52+00:00

Small business tax filing offers several advantages, including staying compliant with regulations, identifying deductible expenses, and positioning your business for growth. By using our tax filing services, you ensure your filings are handled accurately and efficiently. Whether you need tax filing near me or online tax solutions, our team is here to simplify the process and help your business thrive.

How often do I need to file a corporate tax return?2025-02-02T11:15:21+00:00

To ensure your business remains compliant, corporate tax returns must be filed annually. Our expert team helps you stay on track, offering precise tax filing services and meeting all deadlines. Avoid penalties by trusting our efficient approach to file taxes on time, whether you need tax filing near me or online filing solutions.

Why should I choose Orbit Accountants for tax filing near me?2025-02-02T11:16:00+00:00

Choosing Orbit Accountants for tax filing services in Canada ensures professional and reliable service. Our team specializes in corporate tax, small business filings, and strategic tax planning. With our experience and focus on accuracy, you can rely on us for efficient tax filing services that comply with all regulations, so you can focus on growing your business.

What is corporate tax filing?2025-02-02T11:16:36+00:00

Corporate tax filing is the process of preparing and submitting a tax return to report a business’s income, expenses, and other relevant financial details to the CRA. It ensures compliance with tax laws and helps businesses fulfill their legal obligations.

Fractional CFO

What should I look for in a fractional CFO for fundraising support?2025-02-02T11:28:37+00:00

When looking for a fractional CFO for fundraising support, focus on their experience in preparing financial documents, creating investor presentations, and identifying the right funding sources. Ensure they have a proven track record in helping businesses secure funding, especially in your industry. Their expertise will drive successful outcomes for your fundraising efforts.

How do fractional CFOs help with investor relations?2025-02-02T11:29:01+00:00

A fractional CFO helps with investor relations by managing financial communication, preparing reports, and ensuring transparency. They also assist in developing presentations for investors and addressing their concerns. By providing accurate financial insights and forecasts, a fractional CFO builds trust with investors and strengthens the company’s position for future funding.

What kind of financial documents are necessary for fundraising?2025-02-02T11:29:27+00:00

For fundraising, essential financial documents include a detailed business plan, income statement, balance sheet, and cash flow projections. Additionally, investors typically require a capitalization table showing ownership, a budget, and a use of funds document. These documents provide transparency, build trust, and help demonstrate your business’s financial health and growth potential.

How can a fractional CFO support my fundraising effort?2025-02-02T11:30:58+00:00

A fractional CFO can support your fundraising efforts by preparing key financial documents, creating investor presentations, and identifying suitable funding sources. They also help craft a compelling financial narrative, ensuring that investors understand your business’s potential. With their expertise, a fractional CFO improves your chances of securing the capital needed for growth.

How can a fractional CFO from Orbit Accountants help my business?2025-02-02T11:31:27+00:00

A fractional CFO from Orbit Accountants can help your business by offering expert financial leadership without the full-time commitment. We provide tailored strategies for cash flow management, budgeting, performance tracking, and fundraising. Our guidance enables better decision-making, sustainable growth, and effective financial planning, empowering your business to reach its full potential.

What are fractional controller services?2025-02-02T11:31:55+00:00

Fractional controller services offer businesses access to experienced financial leadership without the cost of a full-time hire. These services typically involve overseeing financial reporting, managing accounting systems, budgeting, and ensuring compliance. A fractional controller helps businesses maintain accurate financial records and streamline processes while offering insights to improve efficiency and profitability.

How much does fractional CFO pricing typically cost?2025-02-02T11:32:20+00:00

The cost of fractional CFO pricing can vary depending on factors like the scope of services, business size, and level of expertise required. Generally, fractional CFO pricing can range from a few thousand dollars per month to more comprehensive packages. Typically, it is more cost-effective than hiring a full-time CFO, offering flexibility based on your specific needs. It’s important to find a solution that aligns with your business’s financial goals and growth stage.

Why should I hire a fractional CFO?2025-02-02T11:32:52+00:00

Hiring a fractional CFO allows businesses to access high-level financial expertise without the commitment of a full-time hire. They help with financial strategy, cash flow management, forecasting, and investor relations, providing tailored support to meet specific business needs. This flexible service is ideal for growing businesses seeking expert financial guidance to drive success and growth.

What is a fractional CFO?2025-02-02T11:34:45+00:00

A fractional CFO is a part-time financial expert offering businesses high-level financial services, including CFO accounting, budgeting, cash flow management, and financial reporting. They provide strategic financial insights without the need for a full-time hire. This flexible service is perfect for growing businesses that need expert guidance but at a cost-effective rate.

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