It may be too expensive to hire a full-time employee for business management services: bookkeeping, controllership and other services.  When you outsource you can save on infrastructure, manpower and time. Ultimately, you increase the productivity and profitability of your new or existing business.

Our team members have multi-disciplinary expertise with experience as bookkeepers, controllers and CFOs for successful businesses. Our experience includes growing small businesses to large publicly traded entities.

First, where do you start? You start with choosing what type of business. You can choose to start up a new enterprise, to buy an existing business, or to purchase a franchise. We can help you decide what’s best for you and we can walk you through each step of the process.

Choosing your organizational structure

In Ontario there are several ways to start a business: Sole Proprietorship, Partnership or Corporation. Before you decide, you should consider personal liability, business name protection, tax advantages and registration or filing costs. Each type of business has advantages and disadvantages. Call us and we can help you make an informed decision.

Considering business taxes, licensing and administration

Depending on the type and location of products or services being offered, federal, provincial and/or local business taxes may apply.

You’ll also have to consider business licensing, administration of books and records, bonding and insurance. As well, in dealing with employees you’ll need to consider federal deductions and Ontario provincial regulations such as Workplace Safety and Insurance Board (WSIB) and Employer Health Tax (EHT).

Outsourcing – Is it right for you?

With Andrews, you’ll get the expertise and knowledge without the cost of a full-time person. We can help you start up your business and we can provide resources as you need them.  Whether you need us for one day a week or daily, we can be there.

We have the flexibility to add resources to accommodate your changing needs, tailoring our services and providing the requisite guidance, support and expertise that is unique to your business.

For assistance with the basic requirements of starting up a new business or running an existing business see our Guide to Operating a New or Existing Business in Ontario.