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,...
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...
For many Canadian entrepreneurs, that bright moment occurs when they think of a revolutionary idea for a new product or service. While small business owners are passionate about their ideas and want to change the world, sometimes they don’t allocate time or...
Owning and operating a business in Canada comes with certain legal obligations. The Canadian Revenue Agency (CRA) requires the regular filing of Canadian sales tax, payroll tax, and income tax. Each province and territory also has its own tax requirements. These...
Are you one of those small business owners who like to deal with spreadsheets? Me neither. Yes, your business’s books are an indicator of how well you’re doing, but if you’re not a “numbers guy,” accounting might seem about as enticing as...
When talking about accounting vs. bookkeeping, it is key to understand what both of these things are exactly, and what are the differences between them. By Definition, Bookkeeping is primarily about identifying, measuring, and recording financial transactions while...
