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My husband works in the yachting business and when he sprays the yachts we formed a small company and used our CGA to do our bookwork. I do keep books and all receipts and expenditures and work from home as well so he can write me off as his secretary, write-off all office equipment, etc., and also 1/3 of the house. Be sure you put a Limited behind your company name and also put it in your wife's name because if you go bankrupt or have financial problems they can't touch your house. I like using our CGA because taxes are always changing and generally when the IRS or Revenue Canada see a CPA or CGA has done your taxes for your business they are less likely to bother you. Keep good books, recipts, expenditures, all your tax filings in a file cabinet in good order in case you are audited. The cost depends on how successful your business is and how much work your CPA has to do. I keep my over-head low and thus pay $350/cdn to my CGA. This fee rotates because at least in Canada I can also claim paying my CGA.

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Q: What is the average cost of a CPA for a small business?
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