Running a small business comes with many challenges; we get it, we are small business owners too. This article will explain how hiring an accountant can help you throughout the life cycle of your business. Before starting a business, hire an accountant If you are...
Doing business in Canada can mean dealing with a lot of red tapes. There are many government requirements for corporate accounting to keep up with. A good bookkeeper will be able to help you manage all these requirements so nothing slips through the cracks; however,...
If you’ve run a business or know someone who has, chances are you’ve talked about what you can write off as an expense as it also reduces the taxable profit that you’d have as a business owner. It could have gone something like this: According to the CRA,...
Remember how each individual must file their income tax? Well, the same goes for corporations. What is a T2 form? The T2 form is the taxpayer’s form for all Canadian companies to file income taxes. Businesses must submit T2 forms within six months of the end of...
As with employment income, your small business income is subject to tax. If you are new to the Canadian business environment, you may not be familiar with the tax laws that apply to small businesses and the self-employed. This article will give you an overview of how...
More and more small businesses are using cloud technologies for their accounting systems. But before we get to what cloud accounting is, we should start with what is a cloud? “Cloud” helps you access data and software from anywhere and anytime. It is the...
