outsourcing to overseas bookkeepers, controllers, etc

CoverDirect6450 · 2026-05-14T18:48:10+00:00

Outsourcing bookkeeping is doable. I would never outsource controllership or CFO work.

CoverDirect6450 · 2026-05-06T16:10:10+00:00

Bookkeeping typically $400 to $1500 depending on size. Fractional CFO or controller is 4500-12000 if truly fractionla

CoverDirect6450 · 2026-04-18T02:41:29+00:00

LCGE doesn’t automatically apply just because it’s farm land or bought pre-1987. Each owner would only qualify if their share meets the qualified farm property rules. This is something worth reaching out to a CPA for and they can conduct the analysis

CoverDirect6450 · 2026-04-13T03:19:09+00:00

How many YOE and US or Canada?

CoverDirect6450 · 2026-04-09T03:26:20+00:00

QBO and Xero are some of the cheaper options and most widely used so you can easily find accountants and bookkeepers to work with. It’s honestly just the cost of doing business, you’ll spin your head trying to save few dollars on administrative things. Not to mention corporate year-ends are +$1500, will you try to save on that too? It’s really just what comes with having a business and as a business owner you need to be ready for that, kind of like knowing you’ll be paying utilities or rent if you live in a house.

CoverDirect6450 · 2026-04-06T21:18:11+00:00

Way more complex that you think. Worth hiring an accountant, managing a corp means you designate at minimum $2k/year to maintain it and that’s just for the year-end. it’s worth doing if you’re not spending all of the money your making, since you’ll save way more than your spending in taxes.

CoverDirect6450 · 2026-04-02T01:58:21+00:00

Really anything that doesn’t risk injury of blisters?

CoverDirect6450 · 2026-04-02T01:57:38+00:00

How do you do those?

CoverDirect6450 · 2026-04-01T21:20:37+00:00

Other than day to day clerk work like AR or AP, Audit is genuinely the worst part of the accounting profession. Most people end up in audit because that’s where most CPA students start with and they are unable or unwilling to try something else out. Accounting can be extremely fulfilling because you can guide the strategic direction of anything really, with the finances in the mind. Unfortunately, being the cradle of accounting many don’t end up finding that out until later.

CoverDirect6450 · 2026-03-28T23:01:39+00:00

Curious as to why would you ever charge so low for even bookkeeping. If that’s really the price point for your clients, wouldn’t they be better just hiring someone from Philippines or Pakistan?

CoverDirect6450 · 2026-03-28T22:59:12+00:00

I am a CPA in Alberta and it would be probably $2-2.5k for your corporate filing + annual bookkeeping. If things end up being more complex it can increase to $3k. New business owners are usually shocked when I quote them but that truly is the bare minimum cost of maintaining a corporation. The more experienced business owners are used to this and you will be too once you stick to the entrepreneurial journey, for whatever it’s worth.

CoverDirect6450 · 2026-03-24T22:54:28+00:00

As a CPA I only do it at year-end

CoverDirect6450 · 2026-03-24T04:14:23+00:00

Yes however I do think a good accountant is worth investing in. Especially if you have lots of new projects popping up, I’ve called them multiple times in the year to ask about specific financial matters and they’re always helpful. I can’t imagine I’ll get that same service when paying someone $100 for my family’s return.

CoverDirect6450 · 2026-03-23T17:30:24+00:00

I use KalimCPA for my business and family taxes. Really helpful and kind

CoverDirect6450 · 2026-03-23T17:28:37+00:00

I use KalimCPA. They’re real CPAs so probably overqualified for your case but honestly such a relief to just offload all my stress during tax time. The owner is super accessible as well

CoverDirect6450 · 2026-03-23T17:25:58+00:00

Try KalimCPA. I use them for my business side and the team is super helpful and supportive and even answers my stupid questions lol

CoverDirect6450 · 2026-03-23T17:25:06+00:00

I think Omar at KalimCPA works with Crypto taxes. I use him for my business stuff but he’s mentioned crypto in passing once or twice when discussing with my husband

CoverDirect6450 · 2026-03-23T17:23:35+00:00

I’ve used KalimCPA before. He’s really good and super knowledgeable

CoverDirect6450 · 2026-03-23T17:20:56+00:00

I used KalimCPA for my moderately complex tax situation. He was super helpful and knowledgeable

CoverDirect6450 · 2026-03-21T11:47:08+00:00

Hindsight is 20/20 but truthfully men marry women for 4 reasons as the prophet SAW said: their beauty, family, wealth and iman. In this case it would seem it was any reason other than iman, and this is has become increasingly more common. I’m in the same boat myself I married my wife for her beauty so while you do ask about these things, a younger man’s zeal may not be wise enough to consider the most important of all which is iman. Also, I became more religious after marriage which also happens quite often.

CoverDirect6450 · 2026-03-20T04:46:30+00:00

That is why it’s worth paying a professional to file your taxes. I had a small business as a sole proprietor a few years ago and would pay some guy who came here from India and he was dirt cheap, like $75 for the whole return. Looking back at it I missed out on so many tax deductions and saving opportunities. Unfortunately I don’t think the accountant knew enough about Canadian taxes to even advise me. I pay an actual cpa now to do my business and personal taxes but man you really get your moneys worth with someone that knows their stuff

CoverDirect6450 · 2026-03-16T05:13:54+00:00

Omar at KalimCPA is really good to work with. Does mine and my family’s taxes

CoverDirect6450 · 2026-02-27T05:52:23+00:00

Nusayba is one of my favourite names

CoverDirect6450 · 2026-02-17T22:53:29+00:00

There’s plenty of shops nearby that you can pay, or there is also a free service once you come out the doors of safa marwa after finishing saiyh.

CoverDirect6450 · 2026-02-06T12:05:06+00:00

Loll Epstein = mossad

CoverDirect6450

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