Penny Farthing Bookkeeping
Established 2004
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Accountants & CPAsPenny Farthing BookkeepingPeterborough, ONOwn this business? Claim it free to unlock:
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Penny Farthing Bookkeeping Services is a family-run firm in Peterborough, Ontario offering reliable bookkeeping, payroll processing, and tax preparation services for small businesses and corporations. With over 20 years of experience and Intuit QuickBooks certification, they provide both in-person and remote bookkeeping solutions.
Additional Information
Penny Farthing Bookkeeping offers reliable and efficient bookkeeping services tailored for small businesses and large corporations. They provide services such as financial audits, income tax, payroll, and remote bookkeeping. With over 20 years of experience, they offer accurate, computerized accounting at an affordable rate.
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Established 2005 · Serving Peterborough
Additional information extracted from the firm's public website. Last updated: July 10, 2026
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Claim This ListingFrequently Asked Questions
How much does an accountant cost in Peterborough?
Personal tax returns: $150-$400 depending on complexity. Small business bookkeeping: $300-$800/month. Corporate tax returns: $1,000-$3,000+. Many accountants offer free initial consultations to discuss your needs and pricing.
What's the difference between a CPA and a bookkeeper?
CPAs (Certified Public Accountants) are state-licensed, can audit, provide tax advice, and represent you before the IRS. Enrolled agents are credentialed by the IRS itself and specialise in tax filing and IRS representation. Bookkeepers handle day-to-day transaction recording and basic financial reports. For audits and complex planning you want a CPA; for tax filing and IRS representation an enrolled agent is often the better value.
When should I hire an accountant?
Consider an accountant if you're self-employed, own rental property, have investment income, run a business, received an IRS notice, or your tax situation is more complex than a simple W-2. The cost of an accountant often pays for itself in tax savings.
Can an accountant help if I'm behind on taxes?
Yes. Accountants regularly help clients catch up on unfiled returns. They can also help with IRS voluntary disclosure, negotiate installment agreements or an offer in compromise, and handle notices, amended returns and audits.
Is it worth paying for tax preparation vs doing it myself?
If you have straightforward W-2 income and take the standard deduction, free software works fine. But if you have self-employment income, rental properties, investments, or business expenses, a professional accountant typically finds deductions that more than cover their fee.