Do you own a small business in Canada? Is your business incorporated? If you want to fulfill your tax obligation and always ensure you’re compliant, take time to understand the new tax rules and how they will affect your business in 2018. In the paragraphs below, we will cover some tax changes that the government…

When you start your small business, handling a few sales and purchases, record keeping and making payments may seem like a no-brainer. But slowly, as your business grows the burden of managing income and expenses will begin catching up with you. You’ll start looking for someone to handle bookkeeping and help you manage the business…

The process of keeping your business financial records in check is no small task. As an entrepreneur, you may find yourself doing everything and anything possible to keep your business running. As your business grows, one of the things you need to consider hiring a professional to handle is bookkeeping. Proper record keeping is what…

Small businesses that choose to file taxes on their own are prone to make errors. These bookkeeping errors may cause the business a lot of money in the long run. For instance, if the HST paid on expenses are not claimed, you risk losing the money when the period of claiming taxes elapses. Here are…

As a small business, managing your taxes is probably one of the most time-consuming affairs you have to deal with. Thankfully, there are ways that you can reduce the paperwork and make HST/GST filing simple and quick for your business. When GST was introduced back in 1991, the government made efforts to ensure it doesn’t…