• From self check-out at the grocery store to the convenience of ATMs, many of us have come to appreciate technology that makes our lives easier. If you’re a business owner and in the market for a bookkeeper, there’s new technology available to make your life easier too! That is, if
  • No, it’s not a planet. But if you’re a small business owner, Plooto may just change your world. Plooto is a cloud-based technology that allows you to streamline repetitive, monthly bookkeeping tasks so you have more time to grow your business. When you connect Plooto to your cloud accounting software
  • We all enjoy getting paid. However, the process to ensure everyone gets paid accurately and on time can be a challenge. If payroll is part of your responsibilities, then you know what we’re talking about. Chained to your desk for hours, struggling to keep up with compliance rules, stressing to
  • Are you up to your eyeballs keeping track of receipts, invoices and bank statements? Business owners know that the CRA requires these supporting documents to be in order in the event of an audit. However, the time it takes to gather and input all this information throughout the year can
  • Cloud accounting software is similar to desktop-based solutions, only they are hosted on the “cloud”. This means users will have access to their data from anywhere that has an Internet connection, and from any device – including laptops, smartphones, and tablets.  Why should you adopt it? One great reason is
  • It depends on how much business driving you do. In cases where business use is minimal, a company owned vehicle is simply a tax nightmare. The Bumpy Ride from Phantom Income On company owned vehicles, CRA imputes phantom income to the employee as follows: Standby Charges – Calculated with reference
  • If you’re the owner of a small business, to say you multi-task is an understatement! The various “hats” you wear can include accounting, marketing, information technology and human resources – which aren’t exactly small tasks in themselves. If you’re feeling overwhelmed by the constant juggling act, out-sourcing your accounting functions
  • It’s hard to believe that we’ve entered another personal tax season. In fact, April 30th is just 42 days away! To make tax season as stress free as possible, here are four steps to help you get organized. STEP #1 – READ YOUR PERSONAL TAX LETTER A few weeks ago,
  • So, you’ve finally entered your “golden years”. It’s a time to enjoy the perks of turning 65 – senior’s days, passes and discounts. You now have more time to spend either with your family, in your garden, or mastering what was once only a hobby. To be realistic though, it’s
  • If your business is considering purchasing office equipment, vehicles, computers, practically any capital asset – we have fantastic news! The Department of Finance announced that as of November 20, 2018 tax depreciation rates have TRIPLED from the previous rates. If you think that’s a nice perk, check this out! As
  • Is it really surprising that many fall victim to fake CRA collection calls? You know,the ones demanding payment or the CRA will either arrest you or launch a lawsuit against you – even repossess your home. With over 30 years of dealing with the CRA, their “Dark Side” has become
  • Bookkeeping is not just entering transactions, reconciling your bank statement and saying, “I’m done!” Bookkeeping lays the foundation for everything that is extracted from your financial data, and business owners deserve data they can trust. Good bookkeeping does require work, but working smart now saves time, money and headaches later.
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