Have you been spending a lot of time on your books? How much time do you schedule for bookkeeping, and how much time do you actually spend? Are you tired and overwhelmed? Maybe there are other things that you could have been doing instead of sitting in that chair for hours, trying to make sense…

Many brick & mortar businesses in Canada have suffered a lot due to the COVID pandemic last year. On the other hand, digital sales have skyrocketed due to the lockdown and the government is concerned that the existing GST/HST rules put Canadian businesses at a disadvantage compared to foreign e-commerce businesses. The proposed GST/HST rules…

If you own a business in Oakville and looking for ways to boost your revenue, you are in the right place. New customers mean more money, but it’s not the only way to grow your business. No business is totally dependent on sales only. As a business owner in Oakville, you may be aware of…

There are many aspects that you will be covering while running a business. Canada has quite a diversity when it comes to SMEs. The important thing here is whether you own a business or want to start soon, you will need an accountant. Although you can start out with a small budget and manage the…

As you run your business, you are going to need an accountant at some point. As your business expands, your accounting needs grow with it. Soon, you will come to a point when your need will become constant. If you have a business in Oakville, you will be looking for an accountant in Oakville to…

RRSPs are mainly for retirement savings and can offer significant tax savings, sometimes RRSPs are not always the right fit. If you have just started off your career and have a modest income – working full-time, you should avoid investing in RRSPs. RRSPs is all about the tax savings that are available to you. Even…

Many business owners, especially small business owners, get confused between an accountant and a bookkeeper. To many people, these are the same. But that is not the case. An accountant and a bookkeeper are two different job roles and need different expertise. But before we expound on the difference between an accountant and a bookkeeper,…

Before we expound on the difference between an accountant and a bookkeeper, let’s first define these professions. Accounting Accounting is simply the ”language of a business”. It is the process of recording, analyzing, summarizing, and reporting a company’s financial position, which is usually carried out by professionals holding a license or certification. Bookkeeping Bookkeeping (a…

Before you call the CRA for the information that you already have in your ‘My Account’, you should do a thorough search on the portal as this will save you a lot of time that you waste while waiting for long hold calls. The CRA My Account service has a lot of information that gives…

Bookkeeping is not something that you can put up for later. Usually, this is how some small business owners think about it. They don’t give bookkeeping the importance and the priority that it deserves. They only think about it at the last minute, when they desperately need their books. Although it doesn’t apply to all…