Sep 8, 2023 | Income Tax, Personal Finance, Small Business
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....
Jun 29, 2023 | Income Tax, Personal Finance
When it comes to dealing with the Canada Revenue Agency (CRA), taxpayers often find themselves navigating through a maze of complex terminology. Two commonly misunderstood terms are “review” and “audit.” CRA Review A CRA review is an...
May 12, 2023 | Bookkeeping, Financial Reports, Small Business
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...
Apr 24, 2023 | Small Business
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...
Feb 17, 2023 | Bookkeeping, Quickbooks Online, Small Business
QuickBooks Online is a great place to keep a list of all your customers in one place. It’s super easy to add new customers and to manage your customer list. Ensuring the accuracy of your customer list is important as it’s directly tied to your invoicing. The...
