TaxDeep

Enhancing Cryptocurrency Security: Recommended Hardware Wallets for 2023

08/02/202308/02/2023 TaxDeep No Comments

Cryptocurrencies have become increasingly important as an asset allocation, with their confidentiality and security being both advantages and disadvantages, as there have been numerous cases of cryptocurrency loss. So, how can we enhance the security of cryptocurrency assets? The solution is quite simple: choose a hardware wallet that suits you, and offline cold storage of…

Technology

Bank of Canada Raises Interest Rates Again, Benchmark Rate Reaches 5% for the First Time in Twelve Years

07/13/202307/13/2023 TaxDeep No Comments

On July 12, 2023, the Bank of Canada announced a 0.25 percentage point increase in the benchmark interest rate. This is the first time since April 2001 that Canada’s benchmark rate has reached 5%. Following Statistics Canada’s announcement last week of 60,000 new jobs added in June 2023, most economists believed that a rate hike…

Update

The Significance of Becoming a Certified Digital Accountant (CDA)

07/12/202307/12/2023 TaxDeep No Comments

In today’s rapidly evolving business landscape, the integration of digital technologies has transformed the field of accounting. As a result, professionals in this domain are required to possess a unique set of skills that go beyond traditional accounting practices. To address this need, the Certified Digital Accountant (CDA) certification has emerged as a valuable credential…

Bookkeeping, Update

Opening an OCBC Digital Bank account in Singapore through online registration for oversea customers

07/07/202307/07/2023 TaxDeep No Comments

OCBC (Oversea-Chinese Banking Corporation) in Singapore allows for direct online account opening through the OCBC Digital app. The account opening process is simple and requires only a passport, identification card, and a mobile phone with NFC capability to read the passport chip. Applicants from both domestic and international addresses, as well as those with local…

Banking, Update

The Benefits and Importance of Regular Exercise for Overall Health

07/05/202307/05/2023 TaxDeep No Comments

Discover the evolution and importance of emotional intelligence for leaders in today’s work environment. Learn how to assess and develop this crucial skill.

Update

Square has announced an increase in fees for Interac debit card transactions

07/04/202307/04/2023 TaxDeep No Comments

Important notice for Square users processing high transaction volumes with debit payments: The favorable rate of $0.10 per $5,000 debit transaction, which previously had no monthly fees, will no longer be available for existing users starting from September 21, 2023. This change has already been implemented for new users. Card-present payments The cost to you…

Update

Reporting Accounting Misconduct: A Guide

06/30/202306/30/2023 TaxDeep No Comments

Introduction: Reporting accounting misconduct is an essential step in maintaining the integrity of financial systems and upholding ethical standards. This guide aims to provide a comprehensive overview of the process involved in reporting such misconduct. If you have knowledge or suspicions of accounting malpractice, following the correct procedure is crucial to ensure that your concerns…

Bookkeeping

Finding the Right Bookkeeper for Your Business

06/05/202306/30/2023 TaxDeep No Comments

Are you in search of dependable bookkeeping services to support your business? Like numerous entrepreneurs, you might find it difficult to know where to begin. When your passion lies in your business, but the intricacies of numbers become overwhelming and daunting, the expertise of competent and professional bookkeeping services can effortlessly manage your financial aspects….

Update

Filing a Dissolution Notice for Canadian Businesses: What You Need to Know

05/29/202305/29/2023 TaxDeep No Comments

Canadian businesses are required to submit a dissolution notice upon closure. Sole proprietorships and partnerships submit a form titled “Dissolution or Change of Proprietorship (or Partnership)” to the provincial Corporate Registry office, while corporations submit an “Application for (Voluntary) Dissolution” to the same office. Additionally, corporations must provide a copy of their corporate articles of…

Bookkeeping, Business, Tax Tips

The Benefits of ERPNext for Small and Medium-Sized Enterprises (SMEs)

05/25/202305/25/2023 TaxDeep No Comments

Discover how ERPNext, an open-source enterprise resource planning (ERP) software, can help small and medium-sized enterprises streamline operations, enhance efficiency, and achieve sustainable growth. Learn how this software can centralize control, automate tasks, provide real-time financial data, optimize inventory levels, and seamlessly adapt to changing business requirements. With its comprehensive suite of features and user-friendly interface, ERPNext proves to be an indispensable asset for SMEs seeking long-term success in a competitive marketplace.

Bookkeeping, Business