As the year draws to a close, it’s the perfect time to organize your tax documents and ensure a smooth transition into the new year. Whether you’re a seasoned business owner or new to the online business world, these tips will help you streamline your year-end tax preparation. Download 5 Tips to Get Your Tax […]
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Getting Your Records Ready for Your Tax Professional When it comes to preparing income taxes, business owners often face a choice: tackle it themselves or hire a professional. For many, enlisting the help of a bookkeeper or accountant is the most practical option. Tax laws can be complex, and mistakes can be costly, so why not
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Recently, I joined a conversation about tax audits and the common fear surrounding them. It became clear that many people are anxious about audits due to the unknowns involved. Unless you’ve experienced one, it’s hard to know what to expect. So, what might trigger an audit? Here are some common factors that could prompt the Canada
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Business Expenses Can Help You Reduce Your TaxesLet’s talk about everyone’s favorite topic: tax write-offs! (Okay, maybe not everyone’s favorite, but definitely something that can put money back in your pocket.) As a business owner, understanding tax deductions isn’t just about saving money—it’s about smart business strategy. While tracking expenses might not sound thrilling, think of
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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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As the new year begins, it’s the perfect time to set your business goals in motion. Whether you’re leaving your 9-5 behind or launching a passion-driven side hustle, starting with the right legal and financial structure is crucial. Many entrepreneurs dive into their ventures with enthusiasm but overlook the importance of a solid foundation. Without it,
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
Humorous Tax Deduction Requests: What You Can Actually Write Off Read More »
Are These Your Questions?”How do I choose the right software to manage my business finances?””I need to start tracking my business finances but don’t know where to begin.””My business is booming, but I have no idea where my money is going. What should I do first?”If these questions sound familiar, you’re not alone. Many business
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