Tax season hasn't arrived just yet, but that's all the more reason to consider personal tax preparation services now. It is always better to engage such services ahead of time rather than do it as part of the mad scramble when the April deadline starts looming overhead. Engaging a professional to perform your tax preparations can let you make it through such a frantic time without stress and with the confidence that you have paid your appropriate dues.more
Bookkeepers are useful to employ for any business because they offer an ongoing way to track and monitor expenses. However, there are often a few hesitancies when it comes to deciding whether or not to hire such an individual. The task may not immediately seem like one that requires a new staff member, or there may be concerns about letting a third party know about the inner workings of your business. These are natural concerns but ones that are hard to maintain when the full business benefits of a bookkeeper are realized.more
Opportunity CostsAny time you spend trying to manage your own bookkeeping is time that...
In Canada, tax slips need to be filed by the end of February. Electronic filing is only available until December 17th. No one wants to be left scrambling at the last minute, so it's important to get yourself organized and your forms filled out as soon as possible. For employers, one of the common sets of slips to fill out are the T4 and T4A forms that relate to payroll operations like salaries, commissions, pensions, and RESP arrangements. Another common form to file around this time is the T5, which is used to report certain forms of investment...more