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!
“Can I write off that golf game?” “I want to take a client out for drinks after work – is that against the rules?” “I’m buying staff pizza today, can I write that off?” “My wife and I run the family business and discuss it often on date night. Is that a business expense?” Meals …
Bill 148 has made some sweeping changes to labour legislation in Ontario. Here is a brief synopsis of the areas that all our small business clients need to be aware of. Minimum Wage (Effective January 1, 2018) General: $14.00 per hour Liquor Servers: $12.20 per hour Students (Under 18) $13.15 per hour …
Are you looking for a job? Here are some hints that might help you out: a) Proof Read your Resume. I’ve filed at least 20 in the garbage can this week because they can’t format a resume or spell correctly. This is very important in an office job! b) Follow up. It doesn’t …
On October 1st, the general minimum wage in Ontario increased from $11.40 per hour to $11.60 per hour. Student minimum wage increased from $10.70 per hour to $10.90 per hour. Liquor server wages increased from $9.90 per hour to $10.10 per hour. This new rate takes effect on October 1st, which means that employees get …
ONTARIO MINIMUM WAGE INCREASE On October 1st, 2016, the Ontario minimum wage is increasing as per the following graphic. General minimum wage will be increasing by 15 cents. Minimum wage is the lowest wage that an employer can pay an employee. Ontario announces wage increases every April, and these increases are implemented in October. General …
QUICKBOOKS 2016 PASSWORD FEATURE As a Quickbooks ProAdvisor, I feel I need to let all my clients know about a big change in the latest release. Once you install the newest update (Release R7P) you will be prompted to add a complex password. This password is mandatory and needs to be changed every 90 days. …
Do you claim AUTOMOBILE EXPENSES? Make sure you are tracking your mileage. Make note of the your odometer reading at the beginning of the year, then track all your business mileage throughout through the year. Keep a log in your car and record in it every time you get into the car. For the more …
