GTA Accounting Insights

7 Things to do to Make Sure You Spend Less Time on Bookkeeping and More Time on Other Business Functions

It is pivotal for every type of business to ensure that all business-related transactions are up-to-date and recorded as accurate. The financial success of many organizations depends on how their accountants handle the bookkeeping activity. If companies organize their finances; both on the revenue and payments sides, they can’t be deprived of high profits. According…
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Efficient Ways for Canadians to Own A Real Estate Property in the U.S.

A mortgage is one of the most popular ways for Canadians to buy a property in the United States. The reason why Canadians are inclined to purchase a property in the U.S. is that they might want to diversify their investment portfolio, or they want to gain tax benefits, or they simply want to have…
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How to Apply for Employment Insurance Benefits and Worker Fund – Canada 2020

The federal government provides $ 82 billion in financial assistance to Canadians whose work has been affected by the new coronavirus. Prime Minister Justin Trudeau announced additional economic measures on Wednesday, stating that “the government will spend up to $ 82 billion, including $ 27 billion in direct support to Canadian workers and enterprises.” The…
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Is Hiring a Professional Tax Preparer Good or Bad?

The tax season is fast approaching. Much depends on how you approach this; do you pay taxes yourself or use the services of an expert. In order to grow your business, tax preparers can promise you big returns, some of which will be valid, and others may be not. Read on to find out what…
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When to Outsource Bookkeeping for Your Business

Outsourcing your bookkeeping to an accounting firm is an important decision for any business. Below are few of the factors to consider: Filing a tax return based on wrong financial statements may lead to CRA’s penalties. So as a rule of thumb when your business grows, decide for outsourcing of bookkeeping to a professional. Your…
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6 Reasons Why You Should Outsource Bookkeeping

It is an important decision to outsource the bookkeeping to an accounting firm especially when you don’t have the in-house accounting expertise for your business who can professionally handle bookkeeping issues for your business. For any organization, it is important to assess as to what extent the bookkeeping services can be outsourced. In order to…
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