As an accounting firm providing bookkeeping services to clients, we often have to work with Excel reports. When the client does not have QuickBooks Online (QBO) attached to the bank account, they usually provide us with a list of business transactions exported from...
Is the image you see below familiar to you? That is a screenshot from an email that reminds you to file an annual return for your corporation. As a business owner, you probably receive that email from Corporations Canada every year after your corporate anniversary...
Usually, small business owners have to do the bookkeeping themselves by recording transactions in bookkeeping software or Excel and collecting and organizing all receipts. However, the power of modern information technology helps simplify the process. Today,...
In today’s fast-paced business world, time is a precious resource, and small business owners constantly seek ways to streamline their financial processes. One area that can significantly benefit from simplified procedures is HST tax reporting, and that’s...
h Table of Contents $ First impression $ Warm-up questions $ Qualifications & Background $ Bookkeeping experience $ Technical bookkeeping questions $ Previous work experience $ Soft skills $ Availability Every small business owner needs to have an employee they can...
Small businesses are the main driving force in the Canadian economy. Even after the impact of the global pandemic, they still account for 98% of all employer businesses in Canada (Statcan, 2020). If you are part of that 98%, that means whatever your industry is, you...
h Table of Contents $ Why do business owners want to prepare their corporate taxes themselves? $ How much does it cost to prepare a corporate tax return? $ Should you hire an accountant if you can afford it? $ Preparing corporate tax return on paper $ Accounting...
Are you a small business owner with no accounting degree? No problem. That does not mean it’s the end of the road for you. You can still find the best way to manage bookkeeping for your startup. After all, bookkeeping is a must for small business owners in Canada....
Best way to file nil corporate tax returnThe easiest way to file your nil corporate tax return is to hire an accountant who will do it for you. That is not only the most straightforward way but the safest, because your accountant knows what information is required and...
When you change an accountant or just opened a new company and subscribed to QuickBooks Online you may need to add an accountant to your Quickbooks Online. That will provide your accountant with access to all your invoices, expenses and other information, and the best...
