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The new QuickBooks Business Network connects you with your customers and suppliers. This helps to keep contact information up to date and allows you to send invoices directly to your customer’s QBO account and to receive bills from your suppliers directly to your QBO...
Taxable benefits affect employees and employers, which is why it’s important to understand how taxable benefits work. In this blog post, we will explore what taxable benefits are, how they are calculated, and their implications for both employees and employers....
Everyone loves to get paid but no one likes having to chase clients to pay up. This is where a simple one-time setup in QBO to allow for automatic invoice reminders will be a real time save. First, you need to turn on the automatic invoice reminder feature (steps 1-4)...
As a small business owner, it’s important to have a basic understanding of accounting terms and concepts. Knowing these terms can help you make informed decisions and better understand your business’s financial performance. Here are some of the most common...
For Ontario based companies that sell products and/or services, once sales exceed $30,000, GST/HST (Goods and Services Tax/Harmonized Sales Tax) must be collected from customers and remitted to the CRA and as such, the business must register for a GST/HST account. The...
We prepare a lot of tax returns, so we have seen it all. Many forget or don’t even realize they may be eligible to claim tax deductions or credits. So here is our list of the top 10 most overlooked tax deductions and credits (in no particular order). 1. Ontario...
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