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!
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.
All About Deducting Motor Vehicle Expenses Read More »
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
What’s The Deal With QuickBooks Cloud? Read More »
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
What Are The Different Types Of Accountants? Read More »
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.”
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 »
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.
Preparing To Outsource Human Resources: Four Tips To Ease The Transition Read More »
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.
On Average, How Much Does It Cost To Hire A Monthly Bookkeeper? Read More »
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.
What’s The Difference Between Bookkeeping and Accounting? Read More »
