Preston Tax and Bookkeeping is a virtual tax and accounting service based in Cambridge, Ontario. We work with businesses from across Ontario
Every business is unique—and so are its bookkeeping needs. That’s why we offer flexible pricing tailored to your specific goals and challenges.
We base our quotes on the time and effort required—not on your business’s size, structure, or revenue.
The services mentioned under various sections below are not a set list. Services overlap among different tiers of pricing and your quote will depend on your exact bookkeeping requirements.
Final pricing is determined after a no-obligation consultation, but here are some examples to help you understand what to expect:
All prices include applicable taxes and a client-side subscription to QuickBooks Online.
Promotional Offer - For New or Solo Businesses
Ideal if you’re just starting out, running a solo operation, or navigating financial challenges. We’ll handle your weakly and monthly bookkeeping, prepare financial reports, and file your taxes. However, this price is offered for a certain duration only and additional tax filing charges may apply.
Monthly Cost: $250 for limited duration
Basic Offer - For Small Teams
Perfect for small businesses with a few employees. If you’ve been managing your own books but need to focus more on operations, this offer is for you.
Included Services:
Monthly Cost: $450
Expanding Company - For Growing Businesses
Designed for businesses expanding their offerings or workforce (usually 10–30 employees). You need deeper insights into cash flow, profitability, and operations. You have a larger volume of daily transactions that may benefit from managed, streamlined workflows.
Additional Services May Include:
Monthly Cost: $600 - $1500
Mid-Size Company - For Complex Operations
For businesses with 30+ employees and multiple departments. You need precise, curated reporting to support strategic decisions and investor relations. You benefit from detailed bookkeeping and data for making accurate projections.
Services Vary Based on Needs
Includes business tax filing
Monthly Cost: Starting at $1500
Maintenance Offer - For Outdated Books
The bookkeeping for this business has been neglected over time. If the books are behind or disorganized, we work to bring the books up to date—provided we can complete it in a reasonable timeframe and enough valid data is available.
Note: Tax Filing is quoted separately
Total Cost: Based on scope of work
We provide expert tax preparation for individuals and businesses using QuickBooks ProTax and file returns through the CRA EFILE service.
Our goal is to help you minimize your tax bill by applying all eligible deductions and credits.We take the time to understand your situation and ensure your return is accurate and optimized.
All prices include applicable taxes. Some complex returns may require a custom quote.
Family discounts are available for individual returns.
Individual Tax Returns
Basic Employment Income
For individuals with income reported on slips like T4, T4A, T5
Cost: $50
Employment + Investment Income
Includes rental income, capital cost allowance, investment income, or foreign income.
Cost: $80
Self-Employed Individuals
Freelancers, Contractors, Rideshare & Delivery Drivers, Small Traders
Includes T2125 filing with T1 return. You provide income/expense details and vehicle usage if applicable.
Cost: $120
Sole Proprietors & Partnerships
With Up-to-Date Bookkeeping
For businesses with prepared financial reports. Includes T2125 filing with T1 return.
Cost: $180
With Bookkeeping required
Same tax filing cost as above. A separate quote will be provided after a free consultation to assess bookkeeping needs.
Cost: Quote required
Incorporated Businesses
With Up-to-Date Bookkeeping
Includes T2 corporate return filing. We’ll also assist with owner compensation planning (salary vs. dividends) and provide an information letter to help update your Minute Book if needed.
Cost: $300
With Bookkeeping Required
Same tax filing cost as above. A separate quote will be provided after a free consultation to bring your books up-to-date and prepare financial reports.
Cost: Quote Required
In order to receive a no obligation price quote, please send us an email with brief details about your income and filing requirements at [email protected]
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