GTA Accounting Insights

Category: Consultants – Accounting Services

The Cost of Bookkeeping and Accounting in Canada: What Businesses Need to Know

When it comes to accounting and bookkeeping, businesses have many questions. What is the difference between bookkeeping and accounting? What is the cost of hiring a bookkeeper or an accountant? Should I work with a freelancer or an accounting firm? These are all valid questions, and it can be difficult to decide the best option…
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The 6 Worst Accounting Mistakes Businesses Make

Running a business is hard enough – don’t make it harder by making common accounting mistakes. You can keep your business finances on track and avoid costly penalties and fines by avoiding these mistakes. Unfortunately, many businesses do just that. In this blog post, we will discuss the six worst accounting mistakes businesses make and…
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Tax Benefits for a Small Business: How to Maximize Your Savings

Tax season is here, which means small business owners need to consider how they can maximize their tax savings. There are a number of tax benefits available to small businesses, but the process of applying for them can be confusing. That’s where an accounting firm comes in. Tax experts at an accounting firm can help…
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How Do Cross Border Transactions Work?

What is a cross-border payment? And how do cross-border transactions work? These two questions can get tricky to understand sometimes. Cross-border payment is a transaction of funds sent from one entity to another to a recipient in another country. In most cases, the person who is sending and the person who is receiving do not…
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Should You Hire In-House Accountants Or Outsource Your Corporate Taxes

We all know that Accounting plays a vital role in any business. You can not grow your business well if you don’t have a competent accountant to solve your corporate taxes. However, it might be difficult for a business owner to decide whether to hire an in-house full-time accountant or outsource the work. You have…
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Hiring a Local Accounting Firm for your Business

You can keep track of your business financials if you have knowledge of accounting. What if you don’t have this knowledge or don’t have time to manage it for your business? You have to estimate the cost and revenues you earn every month. For example, if your retail business is cell phone repair, you will have to…
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Why work with Tax Consultants to Get Tax Relief?

Many people would prefer a do-it-yourself approach with many tasks in life. Nevertheless, attempting to deal with tax debt on your own can be very challenging and in some cases, it can be disastrous. Getting a tax relief is one of those processes best undertaken by professionals who know how to work the system. A qualified…
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