TaxDeep

Keep your workspace safe: Free COVID19 self-test kits

01/19/202202/21/2022 TaxDeep No Comments

The federal government officially launched the website for Canadian business to order free COVID test kits. The organisation with 10 more employees eligible to apply it. COVID-19 rapid testing and screening in workplaces: Get free rapid tests There is two way to order COVID 19 self-test kits: If your organization has employees over 200, you could…

History, Technology

Why Bookkeepers Should Get Certified

01/16/202201/16/2022 TaxDeep No Comments

1. An affirmation of self-ability 2. You can better prove your ability to customers 3. Be your motivation for continued learning and self-improvement. 4. Makes it Easier For Clients to Find You

Update

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