I live in British Columbia Canada. Like the rest of the world, we are locked down due to COVID-19.This week I tried to renew my auto insurance. While the insurance is provided by the government, it is sold by independent brokers across the province. As I am trying to sort out how to renew my … Read more Is the COVID-19 Pandemic changing how we treat our personal information?
Small businesses have specific challenges and needs that are very different from larger more established companies. Budget is typically a concern as small businesses and startups work to get their revenue streams established. There is an additional challenge addressing the technical aspects of dealing with CRA – something many small business are just not able … Read more Small Business Accounting Challenges
One of the concerns I hear on a regular basis is regarding bookkeeping. Why do I need it and why is it expensive and can I do anything to reduce my costs? This article covers bookkeeping for corporations; bookkeeping for sole-proprietors may or may not need to be as rigorous depending on your situation. To … Read more Why is bookkeeping important?
Here are some recent examples of CRA fraud attempts: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Caller identifies themself as from CRA and that there has been crimes committed against the CRA and that your file has been submitted to the Federal Court and that there is a warrant out for your arrest. The call display is area code 647 (Toronto). Needless to say … Read more Warning about Fraudulent Calls from CRA
As a small business, I understand that you are looking to keep your costs down. The easiest way to keep your accounting costs to a minimum is to be organized and not use your accountant as a bookkeeper. Here are some simple tips to get you started. Get a good bookkeeper (or at a minimum … Read more How to keep your accounting costs down