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.”
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 »
One way small businesses can save money is by outsourcing their human resources services. Companies can bring in an outside company to make their HR function rather than hiring an internal employee or team to do it.
If you’re like us and run a small business, you’re probably focused on building and growing. However, this can quickly lead to an obsession with the books: pouring over every invoice, bill, and expense sheet to make sure you aren’t spending too much or missing unnecessary risks.
One of the biggest misunderstandings about accounting and bookkeeping is that they’re the same job. While the two professions work very closely together and, in many cases (like at Trillium), under the same logo, their jobs and responsibilities are quite different.
Whether to outsource bookkeeping to an outside firm or not is an important decision for any small business. There are good reasons to have professional eyes look over your books regardless of the size of your organization – for one thing, filing a tax return with incorrect financial statements can result in penalties from the …
When Should I Consider Outsourcing The Bookkeeping For My Small Business? Read More »
There are many advantages to hiring an outside bookkeeping service. Maybe your company is growing, and you’re having trouble keeping track of all the documents related to your finances; maybe the programs you need to file taxes, take care of payroll, and handle HR have you at your wits’ end; and maybe you hate numbers!
