Our Blog
Featuring tips and information to support you and your small business.
New Tax Rules and Changes for 2023
As a new year begins, here are some of the tax rules and changes to keep in mind. First-Time Home Savings Account (FHSA)The FHSA is a new tax-free savings vehicle for first-time home buyers to save up to $40,000 tax-free towards the purchase of a first home in Canada....
Tracking Profitability using Projects Feature in QuickBooks Online
As a business, you track the profit and loss of your business as a whole but what about tracking profitability on each job or project? Construction and project based businesses are best suited to take advantage of QuickBooks Online Projects. The Projects feature...
6 Ways to Improve Your Cash Flow
Cash flow is extremely important for any business to survive. At its simplicity, you need money to keep coming in so that you can pay your bills on time. Therefore, it is vital to create and maintain practical business practices in order to keep the cash flow...
How to Register for CRA My Account
Many of our clients ask us how to register for a CRA account. We've outlined the process below. CRA’s My Account is a secure portal for viewing and managing your income tax information online. You can check for your refund, check benefits and credit payments, and...
Benefits of Cloud Accounting
As a small business owner, you have to stay on top of your finances and know your sales numbers, expenses, assets, liabilities, and equity. These numbers tell an important story about the state of your business. However, you may just not have enough time in a day or...
Time Tracking with QuickBooks Time
Make payroll and invoicing even easier by automating time tracking for your staff. Paper timesheets are a thing of the past as remote, hybrid, and on-site staff can log in and out on the QuickBooks Time app. You can even set up projects where you can accurately track...
Why Your Child Should Have a Social Insurance Number
The last thing on your mind upon the birth of your newborn child is about applying for their Social Insurance Number (SIN). After all, they don’t need one until they start working, right? Well, unfortunately that’s a common misnomer, and here’s why. The sooner a...
How to Create an Invoice in QuickBooks Online
It’s important to stay on top of your receivables and have an accurate count of your sales. Often what drives a business owner to commit to a bookkeeping platform is that they need to create invoices. QuickBooks Online’s invoicing is as easy as it gets. And the end...
What is a Chart of Accounts?
When a business makes a sale, purchases new computers, pays employees or takes a loan from the bank, all these financial transactions must be recorded. And that’s where a chart of accounts comes in. A chart of accounts organizes all the company’s financial accounts,...
What is a Board of Trade & How They Can Help Businesses
Local businesses should consider joining their local Board of Trade as this is a great way to get your business name out there within the community. A Board of Trade is a not-for-profit organization that serves to promote and support local business members. So what...
