What does a bookkeeper do? Whether you sell homemade meals, engineering software, or any basic service, there are two things we can guarantee about your business: you will earn money and you will spend it. Bookkeepers are the professionals that help you keep track of all of these transactions. Great, but what does a bookkeeper do? First we will need to explain what is a bookkeeper. What is a Bookkeeper? A bookkeeper is a professional that prepares your accounts, documents daily financial transactions. Bookkeepers have been around as far back as 2600 BC making bookkeeping, not the oldest ..read more

What's the difference between Accounting and Bookkeeping? Accounting & Bookkeeping are two essential parts of any entrepreneurs business. Without proper knowledge on these subjects your business will have a hard time keeping track when growing and maintaining. That is why most successful businesses choose to hire professional services of these kinds. But why are they so important? We will answer this further into the blog, first we need to understand what they are. What is Accounting? Accounting is basically how your business organizes, records and generally understands its financia ..read more

5 Canadian Tax Tips to Remember Tax returns for individuals have to be filed by the end of April. When I have tax-related questions, I like to poke around TaxTips.ca, where an answer is often to be found. And just browsing the site can be educational. I recently asked TaxTips.ca to provide five of their best canadian tax tips. Here is what they said: Tip # 1 - NetFile Tax Returns Tax returns can be submitted by NetFile now. However, most people have not yet received all their tax information slips. Make sure you have all of your slips before filling, to avoid having to amend your ..read more

6 Great Money saving Tips to always remember I found this article recently and I feel some of the provided tips are worth taking note of to save money. The article was posted at CanadianLiving, I selected my favorite money saving tips for you below, some of the numbers are outdated but the concepts still apply: Avoid getting a tax refund While getting back a juicy tax refund may feel good, a large return is actually a sign of poor tax planning, says Wallis. “Think of it as giving the government an interest-free loan.” While that money was sitting with the government for 12 months ..read more

Understanding Taxation Services in Ontario In Canada, the power of declaring taxes and carrying out Taxation resides with the parliament. The Federal government is in possession of the basic authority to legislate taxation. But at the same time, the provincial government also holds a stricter and restricted authority for taxing the populace in order to generate income for the purpose of provincial expenditures. The Parliament of Canada can legislate in favor of or against any taxation acts and legislatures. The money that is generated through Taxation in Canadian provinces is used for the ..read more

Why you should hire an Accountant and Tax Expert Canada is a North American country consisting of ten provinces and three territories. It has many big cities but Toronto is the largest city of Canada and the capital of Ontario. In Toronto, it can be really helpful in paying Tax returns if you have hired the services of either a tax expert or a payroll service provider and Bookkeeper service provider can eliminate the chances of getting in trouble with the law as well as saving money. In Toronto, Canada personal tax and corporate tax is collected by the CRA or the Canadian Revenu ..read more

Corporate Tax Filing and Much More Busy with your business’s Tax Filing?  Owning and managing a business, overlooking all decisions and transactions, can be rewarding yet daunting.  To add to the stress, overlooking important aspects can put your corporation at risk, like filing your corporate income tax (T2), and overlooking the overall financial success of your business. Whether it be a non-private organization, a corporation exempt from taxes, or an inactive business, all businesses residing in Canada must file their corporate income tax. Filing corporate tax can be even ..read more

How can an accountant help you live and love life in Mississauga? How to enjoy life in Mississauga to the max?   Have somebody take the stress off your shoulders! Today more than ever, Mississauga is exploding with jobs, entertainment, recreation. culture, and more.  There is so much to do in your day, from work to taking your kids to their clubs, recitals and lessons, skating or tobogganing outdoors, or enjoying the restaurants and cafes indoors.  In the summertime, there are loads of fun from parks to camp to more lessons and more clubs for the whole family.  &n ..read more

Top 4 Reasons For Outsourcing Your Payroll For small business owners, investing payroll services can be a complicated or time-consuming task. It includes everything from determining the wages of employees and withholding taxes to managing the sick pay, deducing employee contributed payment and upgrading vacations. As the payroll is complicated, businesses get it outsourced. Virtually, outsourcing payroll can cost half of what you do in-house. Hiring the full-time payroll managers outside enable you to free up time to handle other aspects of your organization.   Benefits Of Hiring Pay ..read more

5 Advantages Of Bookkeeping Services For Small Businesses Small business enterprises consist of production, marketing and customer relationship management. Mostly the small businesses overlook the need of bookkeepers. Maybe they want to save the cost of hiring professionals. But, there are several benefits of hiring bookkeeping services that can help you in boosting your business revenue. Lower Costs Bookkeeping services can lower costs in several ways. The apparent cost-saving benefits are: Lack of payroll taxes Paid vacation Employee benefits A bookkeeper will not tell you about what ..read more