How Can QuickBooks Be Useful For My Small Business? Small businesses often struggle with keeping on top of their finances. They may have owners who don’t fully understand financial statements or have trouble with record-keeping. That’s where QuickBooks can be an asset. Designed specifically for small businesses, QuickBooks makes accounting easy for business owners …
Managing finances is an essential part of running a business, and understanding different accounting terms is crucial. One of the most critical aspects of accounting is accounts payable. Accounts payable is simply the money that a business owes to its vendors and suppliers for goods or services purchased on credit. It is an essential component …
Are you confused about when to hire a bookkeeper and when to hire an accountant? It’s a common dilemma faced by entrepreneurs, as the roles of these two professionals can often be quite similar. While they may have overlapping duties, there are distinct differences between them. In this post, we’ll explore the key distinctions between …
Are you looking for ways to stretch your business’s funds even further? With the day-to-day operations and finances of a company, it can be hard to find extra savings. This is where a bookkeeper may come in – they are invaluable resources when it comes to keeping finances organized and finding ways to save money …
A business owner or individual needs to understand common accounting terms that are used in their finances and taxes, even when hiring an outsourced bookkeeper. Here are some accounting terms and definitions that are commonly used to help you get started!
As a business owner, you may look for ways to save money and reduce your taxes. One way to do this is by taking advantage of tax write-offs. What exactly can you claim as a tax write-off in Canada? Keep reading to learn more.
If you’re a Canadian taxpayer, then you need to know about the CRA My Account. This is an online account that allows you to manage your taxes easily and conveniently. In this post, we will discuss how to register for the CRA My Account and what features it offers. We’ll also provide some tips on …
What is The CRA My Account and How Do I Register for It? Read More »
If you’re like most business owners, you’re probably wondering whether or not you should hire a tax accountant when filing your taxes. There are many reasons to do so, and in this post, we will discuss just a few of them. Keep reading to learn more about filing taxes for your business.
Do you have questions about accounting? You’re not alone. Many people find accounting to be complex, especially when it comes to the tax code. In this post, we will answer five of the most commonly asked questions about accounting. We’ll help you understand bookkeeping, financial statements, and more!
There are many reasons why a sole proprietor might want to consider incorporating. One of the biggest benefits is that it can help protect your assets in the event of a lawsuit. When you operate as a sole proprietor, any legal action taken against your business is also taken against you. Keep reading to learn …
The Advantages of Incorporating as a Sole Proprietor Read More »
