a calculator, laptop and notepad used for receipt organization

7 simple ways to organize your receipts

Jul 04, 2019
Does the thought of organizing your receipts fill you with dread? We get it. It can seem overwhelming to keep track of your receipts on top of the busy demands of running your own business. But putting in the work now means you’ll save time when it comes to filing your taxes.

Tags: Bookkeeping, , Financial Planning, Small Business Taxes, Tax Planning, Tax Preparation

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Cottage on the lake

3 Things You Need to Know About Taxes and the Sharing Economy

May 08, 2019
There are lots of ways Canadians are taking advantage of the sharing economy, maybe without even knowing it.

Tags: Audit Representation, Bookkeeping, Farm Risk Management, Farm Taxes, Tax Planning, Financial Planning, Small Business Taxes, Tax Preparation

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8 Reasons Why Your Small Business Should Hire a Bookkeeper

8 Reasons Why Your Small Business Should Hire a Bookkeeper

Apr 03, 2019
If you’re a small business owner and don’t like number crunching, hiring a bookkeeper can help you save valuable time and money, especially during tax season.

Tags: Bookkeeping, Small Business Taxes, Tax Consultation

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What Do You Need to Know About ROEs As An Employer?

What Do You Need to Know About ROEs As An Employer?

Feb 20, 2019
A record of employment (ROE) is the single most important document in the Employment Insurance (EI) program. As an employer, find out what your responsibilities are to ROEs and your employees.

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Farm Business Tax Tips: Methods of Reporting Farm Income

Farm Business Tax Tips: Methods of Reporting Farm Income

Nov 28, 2018
Canadian farmers can calculate their income using the accrual or cash method. When it comes to tax planning, it’s important to know the benefits of each.

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Small Business Accounting Trends That Will Transforms Your Business

Small Business Accounting Trends in 2018

Jun 20, 2018
Important accounting trends in 2018 can transform your business, cut costs, and improve operating efficiencies.

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Top Tax Saving Tips for Small Business Owners in Canada

Smart Tax Saving Tips for Canadian Small Business Owners

Jun 13, 2018
If you’re looking for some small business tax saving tips, the following options can really pay off.

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Top Reasons Why Good Business Records Benefit Your Farm

How to Maintain Good Farm Business Records

May 16, 2018
Accurate farm business records make it easier to prepare taxes. A good bookkeeping system helps identifies the farm’s strengths, helps the business grow, and makes it easier to apply for a loan.

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Cash Accounting for Farmers

Cash Accounting for Farmers

May 02, 2018
Farm businesses have special status under certain provisions of the Canadian Income Tax Act (ITA). Along with fishing operations, farmers can use the cash method of accounting (or cash accounting) for reporting income for income tax purposes.

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Farm Business Tax Agricultural Business

Importance of Keeping Good Farm Records and Accounting for Agricultural Businesses

May 17, 2017
Running a successful farm means being a good producer and being a financial manager. Keeping accurate records makes a farm more productive and profitable.

Tags: Bookkeeping, Farm Taxes

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“At least eighty percent of millionaires are self-made. That is, they started with nothing but ambition and energy, the same way most of us start.” — Brian Tracy