Introduction Did you know that 70% of small businesses in Canada have switched to cloud-based bookkeeping? Here’s why you should consider making the switch, too. In this post, we’ll explore how cloud-based bookkeeping for small businesses can save time, money, and headaches while keeping financial data secure and accessible. I. The Current Pitfalls of Traditional…
Business structure plays an important role in tax perspective. Business structure in Canada determines how you will report income and which tax forms/returns you will have to use to report income to CRA. There are three most common types of business structures being used, which are as follows: Sole Proprietorship Partnership Corporation Sole Proprietorship A sole…
No matter what small business owners live with worries all the time. When one problem is solved there is another challenge ready to address and go ahead. This is the reality of small businesses. Here are few of the small business challenges they usually face and tips to address them and go ahead strongly and…
Small business owners face risks and challenges every day to compete and survive in this competitive market. To mitigate risks and overcome challenges they need to take proactive measures to stay strong and survive. Doing back office works such as bookkeeping, compliance reporting, reconciling bank/credit cards, customers and vendors accounts, calculating GST/HST, payroll and payroll…
Trending financial technology has shifted the paradigm of maintaining books and records of businesses from always by a professional bookkeeper/accountant to by anybody with very minimal to no knowledge of basic bookkeeping. Cloud-accounting software such as quickbooks, sageone, waveapps, freshbooks, xero have shifted the concept of bookkeeping from desktop to cloud-based software. Small business owners…
End of content
End of content
