What’s the Difference Between a Bookkeeper and an Accountant?
Regardless of your industry or your company’s legal structure, bookkeeping and accounting professionals are vital to the health of your business. Most people would be hard-pressed to describe the difference between an accountant and a bookkeeper. And while the terms are often used interchangeably, there is a great difference between accountants and bookkeepers in terms of their roles when it comes to managing and leveraging your financial data.
Read MoreHow Do Capital Gains Work In Canada?
Selling your high-performing stocks or your investment property can reap significant profits, and those moments are worth celebrating. But while you’re enjoying the spoils of your investments, keep in mind that you’ll eventually have to pay tax on them. In Canada, most gains on capital assets are taxed.
Read MoreWhat Self-employed Contractors Need To Know About Taxes?
As an independent contractor, you can forget the standard 9-to-5 and set your own hours. Rather than earning an annual salary, it’s up to you to set the price of your work—and to sell it. Instead of receiving assignments from a manager, you get to choose who you work with and what type of work you do. Working as an independent contractor can provide you with great freedom when it comes to your schedule and income, but it can also make things more complicated during tax season.
Read MoreStarting A New Business? Avoid These Common Mistakes
Starting a new business for the first time is not always easy. There are many factors to take into consideration – whether financing, marketing, customer acquisition or dealing with legal issues. Many new businesses place legal concerns on the back burner due to costs and time constraints. They assume that legal problems can be dealt with later, but it may be too late or even more costly to fix.
Read MoreWhat Happens When You File Your Corporate Taxes Late – And How We Can Help!
Let’s admit that. Preparing and filing corporate tax return isn’t very enjoyable process for most. Often with busy schedules, we tend to put if off for just a little longer. So, what happens when you file your corporate tax returns late.
Read More