Stay Ahead In 2024: Top 3 Relevant Tax-Saving Strategies For Restaurants & Pubs in Canada If you own a cafe, restaurant, craft brewery or pub, then this blog is the most relevant thing you will read in 2024. Canada’s Restaurant and pub industry faces various tax and financial considerations, especially as the new year approaches. … Continue reading Stay Ahead In 2024: Top 3 Relevant Tax-Saving Strategies For Restaurants & Pubs in Canada
Blog Category: Bookkeeping Service
Lifetime Capital Gains Exemption 2024: What Is It & How To Claim It?
Lifetime Capital Gains Exemption 2024: What Is It & How To Claim It? If you are an owner of a thriving small incorporated business, you would surely have an understanding of the enterprise outliving you. Isn’t it? At any point in time, when you think of retirement, you may sell your business for a good… Continue reading Lifetime Capital Gains Exemption 2024: What Is It & How To Claim It?
Mastering Canadian Payroll: A Comprehensive Guide
Do you run a restaurant, construction, healthcare, or retail business? If you run any such labour-intensive business, then Canadian payroll processing on your own would surely be a time-consuming task. The problem is not just the nature of the task. A small business owner has to deal with both federal and provincial laws, multiple… Continue reading Mastering Canadian Payroll: A Comprehensive Guide
How To Survive A CRA Tax Audit: Expert Advice
You might have been running a successful SME business in Canada. Even if all your tax filings are in order, there are chances that your firm will get listed for a tax audit by CRA. Even though businesses are picked for tax audits for a reason, it doesn’t necessarily mean that you have done… Continue reading How To Survive A CRA Tax Audit: Expert Advice
Accounting Treatment Of Cryptocurrency 101
Cryptocurrency is one of the most risky assets because they have dynamic value. Thus, accounting for them can be pretty daunting. Had it been any other established asset class or industry, accountants could have an idea of where to get started. However, when it comes to accounting for cryptocurrencies, there isn’t any one-size-fits-all approach. There… Continue reading Accounting Treatment Of Cryptocurrency 101
Small Business Tax Strategies: SME Accounting Basics You Need To Know
Taking care of business tax requirements is difficult for small business owners in Canada. Even after gathering all of their paperwork and filing a return, many people wonder if they did the best they could with their tax situation. Successful small business tax strategies are based on staying cautious with tax planning, recordkeeping, and preparation… Continue reading Small Business Tax Strategies: SME Accounting Basics You Need To Know
Navigation in Logistics Accounting in Canada: Precision in Motion
What is Logistics Accounting and Why is it Important for Your Business? Are you lost in the world of logistics accounting? Logistics accounting is a complex and ever-evolving field. In today’s competitive market, businesses need to be able to track and manage their logistics costs with precision to stay ahead of the competition. Given the… Continue reading Navigation in Logistics Accounting in Canada: Precision in Motion
Canada’s Luxury Tax Explained: What Is It How To Calculate It?
Demystifying Canada’s Luxury Tax: A Comprehensive Guide Last year in September 2022, Canada’s luxury goods tax came into effect, taxing certain vehicles, aircrafts, and vessels that exceeded certain price thresholds. If you are planning to buy any of the items listed in the tax act, this blog is worth your time. Luxury tax was introduced… Continue reading Canada’s Luxury Tax Explained: What Is It How To Calculate It?
The Key to Financial Success: Bookkeeping for Small Businesses
Accurate and organized financial records are key to the financial success of every business. Small enterprises have small-scale operations and limited funds. Thus, they do not have enough cushion to bear any financial loss with any accounting mistake. In this comprehensive guide, we will explore the essence of bookkeeping for small businesses and its… Continue reading The Key to Financial Success: Bookkeeping for Small Businesses
Finance Guide 101: Selecting an Accounting Software Perfect for Your Small Business
The Imperative of Choosing the Right Accounting Software For effective financial administration in your organization, selecting the correct accounting software is crucial. It automates processes like billing, bookkeeping and financial reporting, which saves time and minimizes mistakes. Ultimately, selecting the best accounting software will improve your company’s overall financial management, planning, and growth potential. But… Continue reading Finance Guide 101: Selecting an Accounting Software Perfect for Your Small Business