5 Bookkeeping Tips to Help You Manage Your Small Business Finances
Managing the financial aspects of your small business can be daunting, but it’s essential for long-term success. Effective bookkeeping not only provides insight into your business’s fiscal well-being but also empowers you to make well-informed decisions. Building a consistent bookkeeping practice can feel daunting, particularly if this is your first rodeo. But it doesn’t have
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What Is a Trigger Rate – and How Does It Impact Your Mortgage?
The trigger rate applies to variable-rate mortgage holders that are on a fixed payment schedule. In case of variable rate mortgage (VRM), the trigger rate is the rate at which the regular mortgage payments no longer covers the accrued interest.
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Extension of Canada Emergency Business Account (CEBA) Repayment
The Canada Emergency Business Account (CEBA) program has provided interest-free, partially forgivable loans to nearly 900,000 small businesses and not-for-profit organizations to help them navigate the challenges of COVID-19 pandemic and remain resilient. The loan was given to cover their non-deferrable expenses such as wages, rent, lease payments, property taxes, utility bills etc.
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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.
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