TaxDeep

You should know these latest Excel features—and the time they save

10/25/202202/01/2023 TaxDeep No Comments

Microsoft Excel has gone through a number of changes over the years. The most impactful changes have been around improvements Microsoft made to the cloud-based version that launched with Office 365,  At launch it was bare bones functionality. There have been a lot of improvements since then, allowing users to collaborate more efficiently and bringing it…

Bookkeeping, Update

How to cancel Quickbooks

10/22/202210/22/2022 TaxDeep No Comments

Quickbooks, developed and owned by Intuit, is one of the most popular small business accounting apps available. We also recommend this software before. Millions of small businesses use Quickbooks in across the US and Canada, but that doesn’t mean they’re all happy. In fact, quite a few have already cancelled. And if you’re thinking similar…

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Bookkeeping, Technology

Great Free Email Providers for Your Business

10/09/202210/22/2022 TaxDeep 1 Comment

Email is vital for business. Even if you don’t rely on email to communicate inside the office, it’s your primary means of communication with your customers. Order status updates, back-in-stock notifications, shipping updates and more are all most efficiently managed through email.

Business

LLCs for Canadians is a good idea?

09/10/202210/09/2022 TaxDeep 1 Comment

A limited liability company (“LLC”) is a common type of entity used by U.S. persons investing in or operating a business in Canada. While it may not be optimal many Canadians use LLC’s to invest in or operate a business in the United States. LLC’s can be created in a number of States and may…

Business, Tax Tips

How to open a US business bank account as a foreigner.

09/01/202209/02/2022 TaxDeep No Comments

If you’re a non US entrepreneur (with no Social Security Number) trying to process credit card payments with Stripe, receive Amazon payouts to a non-supported country, or running a US LLC need a US business bank account – here’s how I solved a few big pain points for myself & opened a US bank account….

Update

What You Need to Know About the New Standard CSRS 4200 Compilation Engagements

05/11/202208/30/2022 TaxDeep No Comments

Earlier this year, the Auditing and Assurance Standards Board (AASB) announced a new Canadian Standard on Related Services (CSRS). Known as CSRS 4200 compilation engagements, this new CSRS replaces: Compilation Engagements, Section 9200 or Notice to Reader Assurance and Related Services Guideline AuG-5, Compilation Engagements – Financial Statement Disclosures CSRS 4200 includes new performance and reporting requirements….

Update

BC Sick Days: What you need to know

04/13/202204/15/2022 TaxDeep No Comments

On November 24, 2021, the British Columbia government announced that as of January 1, 2022, all employees who fall under the Employment Standards Act will be entitled to 5 employer-paid sick days per year. Which employees are eligible?The paid sick leave provision applies to all employees covered by the Employment Standards Act, including part-time, temporary,…

Bookkeeping

US Government Plans to Admire the Problem of Regulating Cryptocurrency

03/10/202203/11/2022 TaxDeep No Comments

The U.S. federal government is poised to plan to ask for money form a group to admire the problem of regulating cryptocurrency. That’s essentially what the news is about this morning. Major news agencies splashed “regulation” and “cryptocurrency” over the headlines but if you read the articles, what they say is essentially as follows: Crypto…

Update

Working Remotely Could Impact Your Taxes

02/26/202202/26/2022 TaxDeep No Comments

When COVID-19 struck, many employers quickly switched to a work-from-home model for their employees. Many of them began working in a province other than where their office was located. While some workers have returned to their offices, as the pandemic drags on, more offices continue to work remotely with no back-to-office dates in sight. If…

Tax Tips

What Is a T4A Canadian Tax Form?

02/21/202202/21/2022 TaxDeep No Comments

T4A, we are talking about T4A Statement of Pension, Retirement, Annuity, and Other Income, not T4A(P) – Statement of Canada Pension Plan Benefits,or T4A(OAS) – Statement of Old Age Security or T4A-RCA Statement of Distributions from a Retirement Compensation Arrangement. A T4A slip is a Canada Revenue Agency (CRA) form that summarizes all compensation your…

Tax Tips