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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:…
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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/…
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…
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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.
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…
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…
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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…
Read More “8 Cryptocurrency Bookkeeping Tips for Bookkeepers” »
Cryptocurrencies and other digital assets are rapidly becoming mainstream, attracting significant attention not only from individual investors but also from businesses, financial institutions, and governments worldwide. Despite their increasing popularity, the financial reporting and accounting treatment of crypto assets remain difficult to align with traditional accounting frameworks, creating uncertainty for both individuals and corporations. As…
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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…
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