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Small Business

Bookkeeping Small Business Uncategorized

Benefits of Outsourcing Bookkeeping

Managing your business’s finances can be a time-consuming and complex task. Outsourcing your bookkeeping can provide numerous benefits that help streamline your operations and drive growth. Here are the top benefits of outsourcing bookkeeping: Save Time and Focus on Core Activities Outsourcing bookkeeping frees up your time, allowing you to Read more…

By Caitlin Lawrence, 2 weeksMay 8, 2025 ago
Small Business Uncategorized

Choosing an Accountant You Can Trust

Finding a trustworthy accountant is vital for the financial health and success of your business. A reliable accountant can help you navigate complex financial landscapes, ensure compliance with regulations, and provide valuable financial advice. Here are the top five tips for finding a trustworthy accountant: Look for Proper Qualifications A Read more…

By Caitlin Lawrence, 2 monthsMarch 29, 2025 ago
Personal Tax Small Business

Consequences of Tax Errors in Canada

1. Reassessment by the CRA When the CRA identifies discrepancies in your tax return, they may initiate a reassessment. This process involves a thorough review of your tax filings and can lead to: 2. Penalties The CRA imposes various penalties depending on the nature and severity of the error. 3. Read more…

By Caitlin Lawrence, 7 monthsOctober 23, 2024 ago
Business Tax Personal Tax Small Business Small Business Month

Ontario’s Minimum Wage Increase

As of October 1, 2024, Ontario has implemented a significant increase in the minimum wage, impacting workers and businesses across the province. Understanding these changes is crucial for employees anticipating a boost in their paychecks and for employers adjusting to new payroll requirements. In this article, we’ll delve into the Read more…

By Caitlin Lawrence, 8 monthsOctober 4, 2024 ago
Small Business

How Can Accountants Help with Business Expansion?

Expanding your business is an exciting and ambitious endeavor that can open doors to new opportunities, markets, and revenue streams. However, it also presents a host of challenges that require careful planning and expert guidance. One of the most crucial partners in this journey is an accountant. Accountants do more Read more…

By Caitlin Lawrence, 9 monthsAugust 21, 2024 ago
Small Business

How Bookkeeping Benefits Businesses

Bookkeeping is often seen as a mundane task, but it is a cornerstone of business success. Accurate and consistent bookkeeping provides a solid foundation for making informed financial decisions, ensuring compliance with laws, and fostering business growth. Here’s why bookkeeping is crucial for your business: Accurate Financial Reporting Bookkeeping ensures Read more…

By Caitlin Lawrence, 10 monthsAugust 9, 2024 ago
Small Business

What Do Accountants Do for Small Businesses?

Accountants are invaluable assets for small businesses, offering a wide range of services that go beyond just balancing books. Here’s a detailed look at the essential roles they play: Keeping Your Books in Order Accurate financial records are crucial for any business. Accountants manage daily expenses, invoices, and transactions, ensuring Read more…

By Caitlin Lawrence, 10 monthsAugust 6, 2024 ago
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