by Anna Grigoryan | Taxes
In today’s fast-paced business world, time is a precious resource, and small business owners constantly seek ways to streamline their financial processes. One area that can significantly benefit from simplified procedures is HST tax reporting, and that’s...
by Anna Grigoryan | Bookkeeping
h Table of Contents $ First impression $ Warm-up questions $ Qualifications & Background $ Bookkeeping experience $ Technical bookkeeping questions $ Previous work experience $ Soft skills $ Availability Every small business owner needs to have an employee they can...
by Anna Grigoryan | Software
Small businesses are the main driving force in the Canadian economy. Even after the impact of the global pandemic, they still account for 98% of all employer businesses in Canada (Statcan, 2020). If you are part of that 98%, that means whatever your industry is, you...
by Anna Grigoryan | Tax return
h Table of Contents $ Why do business owners want to prepare their corporate taxes themselves? $ How much does it cost to prepare a corporate tax return? $ Should you hire an accountant if you can afford it? $ Preparing corporate tax return on paper $ Accounting...
by Anna Grigoryan | Taxes
Thousands of new businesses are opened every month to be successful and produce a profit. While such companies are successful in most cases, it is still pretty common to have a loss or no income throughout the tax year. Some companies, such as startups, run with...
by Anna Grigoryan | Tutorial
When you change an accountant or just opened a new company and subscribed to QuickBooks Online you may need to add an accountant to your Quickbooks Online. That will provide your accountant with access to all your invoices, expenses and other information, and the best...
by Anna Grigoryan | Deadline
When running a small business, it is essential to know all the CRA deadlines, such as the Corporate tax deadline, HST deadline, and Payroll remittance deadline. CRA may apply costly interest and penalty to the owing amount when you miss the payment deadline, so it is...
by Anna Grigoryan | Bookkeeping
Did you know that there are 1.15 million small businesses in Canada as of 2020? Suppose you are the business owner of one of these 1.15 million small businesses. In that case, you likely already understand that one of the most vital things that you should practice as...
by Anna Grigoryan | Deadline
CRA extended tax and installments payment due date for corporate, trusts, and individual income tax returns. The previous extension date was September 1, but the new date is September 30, 2020. Penalties and interest The interest will not be charged on existing debts...
by Anna Grigoryan | Taxes
Are you doing some tax planning or starting your own business? Whether you are a Canadian resident or a recent newcomer, educating yourself about the income tax rates in Canada is very important in both your personal and professional lives. As an independent...
