Why Would CRA Ever Audit Me?
I am often asked the question: what reason would CRA ever have to audit me? This is my opinion but it could vary in many ways: If you owe them money. Did you forget to pay … Read more
Rewards, Gifts and Bonuses Have Tax Implications
It’s nearing the end of the year… I know, where does the time go? I have no idea where summer went! Often business owners like to give bonus gifts, rewards and so on at Christmas … Read more
How to Charge Sales Tax for Different Provinces in Canada
Are you a business that does business with other provinces in Canada? A client brought it to my attention that they were uncertain what they should be charging for sales tax. The bottom line is … Read more
Tools To Keep Your Small Business Safe
Are you among the small businesses that have not put thought into Worker’s Compensation and the Occupational Health and Safety Act? If you haven’t, remember, it’s not only the law but the right thing to … Read more
Link to Canadian Tax Packages for All Years
Each package includes the guide, the return, related schedules, and the provincial or territorial schedules, information, and forms (except Quebec). Click here to access this resource on the government of Canada website.
Bookkeepers and Accountants Are Not the Same
Your successful small business needs both a bookkeeper and an accountant. And there’s a reason why they won’t be the same person. While some skilled bookkeepers and accountants may, in fact, be capable of doing … Read more
Can You Negotiate Lower Prices From Your Vendors?
Missed opportunities result from complacency. Occasionally questioning the prices you pay for products and services makes sense for businesses of all sizes. The trouble is that small businesses are more likely to lack the skills … Read more
Are You Unknowingly Part Of The Underground Economy?
“Can’t I just pay my employees with cash?” We still hear some version of this question now and then. Moonlighting or “working under the table” is the basis for the underground economy in Canada. According … Read more
Beyond Data Entry
It’s good you’ve invested in having someone (an employee or a contractor) dedicated to doing your routine entry of invoices and vendor payments. You’re too important to your business to do that stuff yourself. Now … Read more
Should I Buy or Lease My Next Vehicle?
As a business owner, I have debated this question many times over the years. I have both leased and purchased, and I like to get a new vehicle every 3 or 4 years… whether I … Read more
Options for Financing Your Small Business Growth
Have you ever been in a situation where your company is in a growth cycle? Notice how the cash flow becomes such a challenge? If you don’t have the cash to purchase the goods up … Read more
Does Your Bookkeeper Provide these Essential Services to You?
Whether you choose to work with us or to go elsewhere, these are qualities to look for when seeking a bookkeeper. (Of course, we’d rather you work with us!) Communication A good bookkeeper keeps you … Read more
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