Preston Tax and Bookkeeping

Preston Tax and Bookkeeping is a virtual tax and accounting service based in Cambridge, Ontario. We work with businesses from across Ontario

Bookkeeping Tailored to Your Business

Start with a Free Consultation
Every client relationship begins with a no-obligation consultation via email or phone. If you are just starting out, now is a good time to get in touch so we may discuss the structure and registration of you business. If you have been in business for some time, we’ll learn how your business currently handles bookkeeping and what improvements you’re looking for when investing in our services. Then, we’ll send you a personalized proposal outlining:

  • Recommended Services
  • Transparent Pricing
  • A plan tailored to your needs

Cloud-Based Bookkeeping with QuickBooks Online
We use QuickBooks Online, A powerful cloud-based accounting platform trusted by small businesses. Here's what you can expect:

  • Seamless migration from your current software
  • A certified QuickBooks Online ProAdvisor managing your file
  • A secure client portal for real-time access
  • Bank and credit card integration for accurate, up-to-date records

More than just tracking Income and Expenses
We go beyond the basics. Our team ensures your books are CRA-compliant and your financial statements are prepared to professional standards. With proactive tax planning throughout the year, we help you:

  • Save money
  • Make informed decisions
  • Plan confidently for future

Strategic Tax Planning Reports
Our tax planning service includes a detailed written report showing how to best allocate your profits. We don't just offer advice - We provide:

  • Income allocation strategy
  • Clear comparisons to support decision-making
  • A valuable tool for discussions with banks and financial advisors

Payroll and Government Filings
Let us handle your payroll calculations and remittances. Simply provide your employees' payroll and time data, and we'll take care of the rest. With your authorization through CRA Represent a Client (RAC) and using our RedID registration, we can:

  • File payroll taxes and tax slips
  • File your GST/HST returns
  • File WSIB, ROE etc.

We Prepare All Types of Tax Returns

We offer reliable and accurate tax preparation and filing services for both individuals and businesses. You don't need to be one of our bookkeeping clients to file your taxes with us - we welcome everyone!
Using CRA-approved software, we prepare your tax return and securely submit it through the CRA EFILE system. Our goal is to maximize your tax savings while ensuring full compliance with all income reporting requirements. Some kinds of returns are:

Employment Income
For individuals with income from employment:

  • Includes T4, T4A, T5 slips and eligible employment expenses
  • All available tax credits must be applied
  • Filing deadline: April 30

Self-employed Income
For freelancers, contractors, deliver drivers, and sole-proprietors:

  • Income reported on T2125 and T1 forms
  • We calculate business revenue, expenses, and GST/HST filings
  • Filing deadline: June 15, tax owed must be paid by April 30

Small Business Owners
Similar to self-employment returns, but may include:

  • Payroll calculations
  • CRA remittance

Corporate Tax Returns
For incorporated businesses:

  • We file T2 corporate tax returns
  • Owner compensation analysis
  • Filing deadline: 6 months after your fiscal year-end

Please click below to visit the Pricing page

Pricing

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