by Webtax Admin | Apr 21, 2021 | small business tax accountants, tax planning
Are you a shareholder of a corporation? You need to remember that even though corporate funds are not personal funds and if you treat your business like it’s a personal bank you may get yourself into trouble with the taxation department. According to the Income Tax... 
by Webtax Admin | Apr 21, 2021 | Accounting, Bookkeeping, small business acounting
What is an Audit? What is an audit? An audit is an official investigation to check the organization’s accounts to see if any fraud or illegal activity has taken place, and all things are going well in the company. An audit is a factor of bookkeeping and... 
by Webtax Admin | Apr 21, 2021 | Accounting, Bookkeeping, small business acounting
Bookkeeping Bookkeeping is considered an integral portion of accounting which involves recording a company’s financial transactions on a regular basis. Companies require bookkeeping information to stay aware of their day-to-day transactions and to record financial... 
by Webtax Admin | Apr 18, 2021 | Accounting, Bookkeeping, small business acounting
What is bookkeeping? Bookkeeping includes the documentation, on a routine basis, of the financial operations of a corporation. Companies may keep a check on all the details on their accounts with proper bookkeeping to make critical working, spending, and funding... 
by Webtax Admin | Mar 8, 2021 | Accounting, Bookkeeping, small business acounting
Small business owners often believe that they do not require a bookkeeping service to handle their businesses recordkeeping, they initiate their business by taking this role upon themselves but this approach can become complicated, and small business owners very... 
by Webtax Admin | Feb 16, 2021 | Accounting, Bookkeeping, small business acounting
Many growing and/or large businesses opt for bookkeeping services all the time. Bookkeeping is taken note of and keeping of check of a companies’ finances. Bookkeeping keeps a track record of all the financial decisions such as investments, R&D, salaries, etc.... 
by Webtax Admin | Jan 18, 2021 | Accounting, Bookkeeping
Tax accounting falls under as a subcategory in Accounting. Accounting is a vast subject matter that deals with finances and financial statements of businesses and/or companies. Tax accounting on the other hands deals with: TaxesTax PreparationTax ReturnsTax Payments... 
by Webtax Admin | Jan 11, 2021 | Accounting, Bookkeeping, small business acounting
Filing Corporate Taxes in Canada is as same as filing taxes anywhere in the world. However, when it comes to corporate taxes things are a little different. Corporate taxes are different from personal taxes, regardless of the names the taxes have no correlation except... 
by Webtax Admin | Dec 27, 2020 | Accounting, Bookkeeping, small business acounting
A start-up cost is an amount required for a business idea to become reality. In simpler terms, it is the money spent in order for any business to start operating, meaning they are expenses that create a business. Start-up costs fall into two distinct and individual... 
by Webtax Admin | Dec 22, 2020 | Accounting, Bookkeeping
Minute books are a vital aspect of every business and/or company. In simpler terms, a corporate minute book consists of a record of important and valuable documents that Shows the Company’s worth and status. It is one of the first things regarding a business that is... 