Congratulations! You have either started up a new business or are planning to start a business. Many people feel that the need for accounting and bookkeeping services is not required until you been operating long enough to require a GST Remittance or a Corporate Tax Return filing. Please think again! Bookkeepers and accountants who have …
Have you noticed how you find information these days? Your fingers do the walking on the keyboard and your favorite search engine pumps out the options. Most people are doing searches from their phones or tablets while on the move, and if your information is not readily available, you may miss the opportunity of gaining …
Payroll and Payroll Responsibilities If you are considering hiring staff, you will have a new set of responsibilities to your company and to the people who work for you. You will be entrusted with the responsibility to retain and submit money on behalf of your people for Canada Pension Plan (CPP) and Employment Insurance (EI). You are also responsible …
Filling out deposit slips can be a pain. Most deposit slips do not give you enough room to write the details that really are necessary. Either learn to write really small or write on the back of your copy of the slip the details that there might not be enough room for. The details that …
In an ideal world, you will never make a personal purchase with company finances. It is not unusual for owners and directors to make purchases on behalf of the company. These transactions are coded back against the shareholder loan so that there is a clear indication that the company owes you for the purchase. The …
Who should do YOUR Bookkeeping? Figuring out what is a good deal? It’s cheaper to do your own data entry, after all, you know where and how you spent your money. Having good quality, accurate data entry will save you a lot of money when your books are submitted to your Accountant after your year …
Our move towards a paperless society doesn’t seem to have less paper. Have you ever wonder what the best way to sort your receipts and other paperwork is? I prefer to see transactions sorted by the month they pertain to. IF you need to find a specific receipt for a purchase return or to find …