For the average taxpayer, financial documents can be hard to organize, even under the best circumstances. When you consider the year we just had, taxes may be more difficult than usual! Here are some tips to make things easier as you take work-from-home, CERB, and more of 2020’s unexpected curveballs into account when preparing your …
Year-End Tax Tips To Make Things Easier For Your COVID Filing Read More »
One technological advancement taking the world by storm is Cloud-based software. These applications use shared computing resources (e.g. processing power, disk storage, memory, etc.) through the internet, with all data kept on remote servers. It has saved many businesses a lot of money they would usually spend on computer power, software upgrades, and the expense …
How Can Cloud Accounting Help Your Business Grow? Read More »
Soft skills are non-technical abilities that relate to professional work. They help you interact with clients and colleagues, solve work-related problems, and manage your time. Having these kinds of skills makes all work, including accounting, much easier. Several soft skills are important for helping CPAs: planning and organization, business sense, communication skills, proficiency with technology, …
COVID-19 has forced a growing number of Londoners to transition into remote work, raising questions about how this will affect tax time. It’s a confusing time, especially when not all the definitions have been fully explained. Here’s how remote work could impact your tax filings for 2020, a truly unprecedented year! Please follow and …
How Does Remote Work Impact Your Tax Filing Next Year? Read More »
Deducting motor vehicle expenses on your taxes is a good way to reduce the amount of taxable business income you earned. If you earn self-employed income and use your motor vehicle for this purpose, you can claim the vehicle-related expenses as related business expenses on your income tax return. Please follow and like us:
Intuit QuickBooks is one of our most useful tools: it lets clients accept payments for their invoices, manage their bills, and run their payroll. But the main reason the Trillium team loves it so much is that QuickBooks helps make our work more efficient! One recent advancement was the move to a cloud-based format. How …
In Canada, there are three types of legacy accountants: certified management accountants, chartered accountants, and certified general accountants. Accountants would earn these credentials based on the direction and extent of one’s studies. While now we refer to them as Chartered Professional Accountants (more on that below), there are still distinctions and educational requirements that make …
The basic role of a human resources department is to help with duties like recruiting, orienting, training and (when necessary) dismissing employees. But many small businesses are handing over these tasks to employees with little or no HR experience! Hiring an external provider for your HR services can be the best choice for your growing …
Trillium HR Support: What To Expect From Your Consultation Read More »
With the economy still in flux, a lot of people want to know how to protect themselves if they lose hours or their whole job. Workers should know that they can still pull some of their unemployment benefits while working reduced hours. In Canada, these are colloquially referred to as “partial unemployment benefits.” Please follow …
What’s The Deal With Partial Unemployment Benefits? Read More »
Most small business owners in Canada know the standard deductions that maximize their business income. These well-known business expenses like travel costs and insurance premiums are pretty standard. But when these small businesses are run out of a residential property, the owner becomes eligible for more types of income tax deductions! Anyone operating a home …
How Does My Home Business Qualify For Tax Deductions In Canada? Read More »
