How tax credits for charitable donations can lift your spirit and your...
This weekend, as many of us sit with family and friends exchanging Christmas and Hannukah gifts, it’s also important to keep in mind others that could use our support this holiday season....
View ArticleHere are the new numbers you need to get a jumpstart on your 2017 taxes
The first of January brings with it not only a new calendar year, but also changes to various income tax and benefit amounts, most of which are indexed to inflation. Earlier this month, the Canada...
View ArticleTop 5 Reasons Your Bookkeeping Should be Done in the Cloud in 2017
Every new year, I seem to pick a handful of resolutions and, by February, I’ve already forgotten them! Here’s a resolution that can pay off more than just choosing not to eat the french fries at...
View ArticleWhat’s Up in Apps: Solving the Receipt Problem for Your Business
No one goes into business to keep track of receipts. Running your own company means keeping your eye on a hundred things at once, and it’s all too easy for scraps of paper to slip through. Before...
View ArticleHow to write off business travel and not trigger red flags at Canada Revenue
In his 23 years as an accountant, Frank Jasek has been asked by clients “more than once” whether they can write off gambling expenses in Las Vegas (no, even if they are with a client). And ditto for...
View ArticleFive ways to get your clients to pay your invoices on time
One of the toughest challenges of running a small business is managing money. Between payroll, loans, supplier invoices and unforeseen expenses, keeping track of finances can be difficult, but it is...
View ArticleFrom gluten-free products to pooling donations, here are 10 lesser-known tax...
The Easter long weekend is the time when many of us finally sit down to complete our 2016 tax returns to make sure they can be filed by the May 1 deadline. Here are 10 perhaps lesser-known quick tips...
View ArticleCX Top Tips: Overpayments and how to manage them using Xero
Overpayments can be challenging at times, or even forgotten. There are some easy ways to handle overpayments within Xero. Let’s take a look at a few ways we can record an overpayment and apply this...
View ArticleSix things small businesses need to know about the 2017 federal budget
In the midst of uncertainty surrounding our neighbours to the south, particularly regarding U.S. tax reform, the Liberal government delivered a modest federal budget that is focused on skills...
View ArticleHow Trump’s tax-cut plan stacks up against the Canadian tax system
Called the “biggest individual and business tax cut in American history,” this week’s long-anticipated U.S. tax reform announcement had four stated goals: growing the U.S. economy and creating...
View ArticleRevamped & Reimagined Mobile Time Tracking in QBO
With so many of us constantly on the go and working remotely, it’s no surprise that the #1 request we get from small business owners who enable employees to track time is to offer time tracking on...
View ArticleTax man steals this musician’s sunshine for good reasons
“I know it’s up for me If you steal my sunshine Making sure I’m not in too deep If you steal my sunshine.” These catchy lyrics were penned by musician Marc Costanzo, one half of the...
View ArticleMay 2017 QBO Features & Improvements
At Intuit®, we’re constantly working to make improvements to help you run your businesses more efficiently. Here’s a summary of our most recent enhancements in QuickBooks® Online (QBO) To see our...
View ArticleFive small financial mistakes that can lead to a major cash crisis
Making a few mini money mistakes here and there isn’t uncommon for budding entrepreneurs. I made a habit of this during my first few years of entrepreneurship. Here’s the trouble with the philosophy I...
View ArticleWHAT TO LOOK OUT FOR WHEN DOING YOUR OWN BOOKKEEPING
Many small businesses do their own bookkeeping. And why not? Initially, when your business is small, the bookkeeping is quite simple.But what are the things you should look out for when you’re...
View ArticleA COMMON SENSE APPROACH TO IT SECURITY FOR SMALL BUSINESS
The internet is full of amazing websites, informative articles and has revolutionized how we live and do business. Threats come in many types and they evolve in an everlasting cyber battle. General...
View ArticleHow to get money from your corporation in a tax-friendly way
My friend James owns a manufacturing company and was interviewing for a warehouse manager position. One candidate – a balding gentleman – excused himself after five minutes and returned to the...
View ArticleWhat’s New in Apps: July 2017
Findjoo: Membership Management Software. Synchronize customers, sales, products and inventory with QuickBooks Online. InLattice – AP/AR Automation: Exchange documents, such as Invoices, Purchase...
View ArticleThe Bruins couldn't beat the Sens, but here's how they scored on the IRS
While the Boston Bruins may not have won a Stanley Cup since 2011 when they defeated the Vancouver Canucks in Game 7, they achieved an off-ice victory last month when they faced off against the...
View ArticleHow Ottawa’s crackdown on tax loopholes for the wealthy might affect you
The federal government announced a proposal Tuesday that would crack down on the practice of wealthy individuals spreading their income among family members to create major tax savings. Ottawa is...
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