Feeling the Sting of Bank Fees?

Are you feeling the sting of bank fees? Many people are – especially customers of big banks, who often charge overdraft fees as high as $45. Those most vulnerable to fees: Young adults, who tend to rely on debit cards for the smallest of purchases (seven out of 10 young adults say they would use […]

Top 10 Ways to Reduce Your Tax Bill

Did you know? There are a number of ways to reduce the amount of tax you owe, and keep more money in your pocket at tax time. The Canada Revenue Agency (CRA) can help you learn more about the various credits and deductions you may be entitled to and that can save you money when […]

The Do’s and Don’ts of Bookkeeping

BOOKKEEPING DO’S 1. Prepare monthly financial statements. 2. Reconcile bank accounts at least monthly when statements are received. 3. Keep an eye on your monthly cash flow. 4. Have a plan when it comes to calculating payroll. 5. Use professional resources such as your financial coach, bookkeeper, accountant and lawyer for financial advice and tax […]

5 Common Mistakes of Small Business

You are not alone. Common mistakes are often made by small business owners. Home-based business owners are required to put a lot of dedication and planning into their operations, which leaves very little time for their accounting systems. Often most home-based businesses will make common accounting mistakes – here is a list of the top […]

Keep Your Bookkeeping on Track

Small business owners are so involved with other aspects of their business that they often neglect keeping accurate bookkeeping records. Up to date books are essential for the long term growth and sustainability of your business. Some of these tips may sound trivial, but you will be surprised how often they can be neglected, and […]

Accounting Cheat Sheet

Here’s an infographic “cheat sheet” to give you the reminders, time savers, accountancy apps and tips for your small or micro-business. The Accounting Cheat Sheet for Small and Micro-Businesses

CRA Audit Letter Campaign

30,000 intent to audit letters going out. If you claim employment expenses or your business is in a loss or you have had losses on a rental property, you could be targeted. January 25, 2016 The CRA’s Annual Office Audit Letter Campaign The Canada Revenue Agency (CRA) will soon be conducting its seventh annual Office […]