If you run an online business in Canada, sales tax is one of those things that feels fine to ignore — right up until it isn’t. You cross a revenue line you didn’t know existed, or a customer asks for your GST number, and suddenly you’re not sure whether you should have been charging tax
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Identify and Stop Money Leaks in Your Business As fall progresses, it’s the perfect time to identify money leaks and plan for the upcoming business year. These small leaks might go unnoticed, but they can accumulate over time. Imagine a bucket with tiny holes—while you might not see the water dripping out, collecting it in another bucket
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Wondering how to collaborate with a bookkeeper or accountant without meeting in person? You’re not alone. Many online business owners initially question how virtual bookkeeping works. In the past, tax time meant gathering piles of paperwork to hand over to your accountant. But what happens when everything is digital? How do you track digital receipts, income,
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What Your Online Business Can Actually Write Off If you run an online business in Canada, you can write off your software subscriptions, equipment, website and hosting, platform and payment-processing fees, professional development, coworking space, and a portion of your home office. The ones people miss most often are processing fees, business use of a
Expenses You Can Write Off For Your Online Business — And the Ones Most People Miss Read More »
Bookkeeper Vs. Accountant ~ Who Should I Choose? The answer? It depends on you and your business! Let’s break down some of the differences between the two.BookkeeperA bookkeeper is there for your day to day financial tasks. They will get your systems set up, teach you, train you, and help you be organized as you run your
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Many business owners delay hiring a bookkeeper until they find themselves overwhelmed or facing issues with government taxes, such as sales or payroll. To help you avoid these pitfalls, we’ve compiled a list of 35 ways a bookkeeper can streamline your operations and save you money. Identify Your Key Areas of Need Don’t wait until it’s too
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A Day in the Life: Humorous Tax Deduction Requests Recently, I had an amusing day that I thought I’d share. I’m part of a Facebook group for bookkeepers and accountants, and the top post of the morning was titled “Funny Things Clients Have Asked to Deduct as Business Expenses.” It started off entertaining and only got
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