Author: TaxDeep

The Difference Between Bookkeeper and Accountant

07/15/202101/19/2022 TaxDeep 1 Comment

We alway talk about bookkeeper and accountant, and do you know what make it different? The function of bookkeeper Bookkeeper’s work is bookkeeping. Bookkeeping is the process of recording daily transactions in a consistent way, and is a key component to gathering the financial information needed to run a successful business. Bookkeeping is comprised of:…

Update

Free and Low Cost Tax Programs

09/07/202002/21/2022 TaxDeep No Comments

It is tax time, and you are looking for a good tax programs to file your tax return. And remember that always visit CRA website to look for the Government of Canada NETFILE compliant tax software. These ones do not have the maximum income restriction. Simple Tax https://simpletax.ca/ WealthSimple Wealthsimple Tax Genutax https://www.genutax.ca/ Taxman http://taxman.coolpage.biz/…

Business

How cloud bookkeeper could benefit your business?

09/07/202001/17/2022 TaxDeep No Comments

f you are running a small business, and you need a bookkeeper, but only once a week or twice a month. But you do not have enough time to manage your book. My suggestion is why not try an online Bookkeeper instead of hiring an part-time or full-time to handle your books. Then you do…

Banking, Business

Why I Choose Waveapps

09/07/202003/24/2024 TaxDeep 3 Comments

Most of my clients will ask me a question: which software I should pick up, Quickbooks, Sage or Excel? But my answer is why not try Waveapps.

Read More “Why I Choose Waveapps” »

Bookkeeping, Business

Do you need a holding company?

09/07/202002/21/2022 TaxDeep No Comments

Clients who own businesses or hold investments may wonder if they should use a holding company to do so. Several factors must be considered here. First, a holding company can be a company that does not produce goods or services but holds shares in the operating company. “The holding company is simply between the business…

Business

How to Pay Yourself from Your Corporation: Salary Vs. Dividends

06/10/202002/18/2022 TaxDeep 3 Comments

If you own a business through a corporation, you can afford to pay your own salary or dividends or both. This article will describe the differences between these two methods and the main advantages and disadvantages of each method. We’ll also see some common scenarios where business owners may choose one method over another. Dividend…

Technology

8 Cryptocurrency Bookkeeping Tips for Bookkeepers

06/10/202001/16/2022 TaxDeep No Comments

Bookkeeping is the cornerstone of any business. You need an organized record of all the transactions that occur within an organization before you can understand the cash flow within your business. It’s why everyone from solo practitioners to nonprofits, to multinational conglomerates, entrust professional CPAs with the vital task of balancing the books. So much…

Business, Technology

A Quick Guide to Bookkeeping For Cryptocurrency

06/10/202002/21/2022 TaxDeep No Comments

Cryptocurrencies and other digital assets are increasingly attracting attention and interest from consumers, businesses, and governments. However, the financial reporting of these assets does not fully comply with existing accounting standards. More and more consumers are increasing the proportion of cryptocurrencies in their personal portfolios, more and more payment solution providers are also offering cryptocurrency…

History, Tax Tips

How To Select A Reliable Bookkeeper For Your Business

06/10/202001/17/2022 TaxDeep No Comments

Choosing a professional bookkeeper in Vancouver can be challenging if you are running a small business. It does not matter how big your company is, but it is essential to record the money flow of your company. With the lack of understanding, many small business owners tend to mess around this. Most of them fail…

Banking, Business

Start a New Year in Sage 300 ERP

06/10/202003/17/2022 TaxDeep No Comments

Before you start a new year, please make sure back up your data at begining. Atfer you back up the data, let us gudie you to next step. First, you will need to create a new year in the fiscal calendar. Choose Common Services and then Fiscal Calendar And Then click the croess button. The…

Business