Embark on a streamlined personal tax journey with our presentation, “Maximizing Returns: Your Tax Journey Simplified”
Your Bottom Line |
Embark on a streamlined personal tax journey with our presentation, “Maximizing Returns: Your Tax Journey Simplified”
Your Bottom Line |
In today's gig economy, managing finances is paramount for freelancers and gig workers. This presentation is tailored for those engaged in platforms like Instacart, Skip the Dishes, Uber, and Etsy, as well as for marketers, influencers, and those pursuing side hustles. Dive deep into the essentials of managing money, navigating taxes, and maintaining an organized financial record. Discover the transformative power of QuickBooks Online and how it can be a game-changer for your business, ensuring your bookkeeping remains in impeccable order.
Your Bottom Line |
Effective bookkeeping forms the foundation of a successful business. It's not just about managing numbers; it's about understanding your financial health and making informed decisions. At Your Bottom Line Accounting Firm, we understand the importance of accurate and efficient bookkeeping. In this blog post, we'll explore the top five bookkeeping mistakes to avoid, helping you maintain a healthier bottom line and ensuring your business's long-term success.
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We know how fast a Canada summer can pass us by, so we wanted to let you know about the Canada Revenue Agency (CRA)’s good news before you head off-grid to enjoy all of the natural wonders Canada has to offer!
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Running a successful business requires more than just a great product or service—it also demands diligent financial management. For Canadian entrepreneurs, understanding and avoiding common accounting mistakes is crucial for maintaining financial stability and fostering long-term growth.
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Tax season is a stressful time for many Canadians - well, anybody really, but it doesn't have to be. With the right preparation and understanding of the process, filing taxes can be an easy and efficient process. From understanding the tax deadlines to claiming eligible deductions and credits, this guide provides Canadians with the essential tips and resources to make tax time easier.
Your Bottom Line |
Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2023.
Your Bottom Line |
Business accounting involves more than maintaining books for tax purposes. Accurate accounting plays a vital role in helping you save money, increase profits, identify where budget cuts must be made and which areas need added resources.
Unfortunately, in an attempt to scale the business, most small business owners try to minimize the time and effort spent on accounting and financial management. As a result, they often overlook the little things that can have a huge impact on the company. This impact could be anything from a loss of financial flexibility to unpaid taxes, fraud, theft and even embezzlement.
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Find out what's new for the 2021 tax season and your filing and payment due dates. Begin by gathering your documents to report income and claim deductions, and choose how you want to file and send your completed tax return to the CRA. You can find our 2021 Tax Checklist at the end of this email, free to download!
Your Bottom Line |
Please note, this is simply a general overview on the major benefits and subsidies available to businesses. There are many more changes to come and many more benefits that exist because of COVID-19. We recommend you always consult with an accounting professional about your specific situation.
Stay tuned for more as we'll keep this post updated as best we can.
Talk soon and stay safe.
Article Written By Mike Libbey
Link to Original Articles:
https://www.canada.ca/…/reve…/campaigns/covid-19-update.html
https://www.canada.ca/…/departm…/economic-response-plan.html
Your Bottom Line |
What sets us apart from the rest of our competitors is that we take a very different view than most firms when it comes to the concept of ‘TEAM’. Our view is simple: the TEAM comprises of US and YOU, not just us. That’s why we work so hard to build a solid relationship with you as a client. It is this, which sets us apart from all other accounting firms. In fact, TEAM ETHOS is the key ingredient in forging a successful relationship with you.
Thanks for stopping by our blog. If you’re looking for more information about Your Bottom Line, you’ve come to the right place.
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Original Article Source Credits: Quickbooks, https://quickbooks.intuit.com/
Article Written By QuickBooks Canada Team
Original Article Posted on : NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/cash-flow/cash-flow-gaps-2020/
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Original Article Source Credits:The globe and mail, https://www.theglobeandmail.com/
Article Written By TIM CESTNICK
Original Article Posted on : MARCH 6, 2020
Link to Original Article: https://www.theglobeandmail.com/investing/personal-finance/taxes/article-take-advantage-of-tax-changes-this-year/
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Original Article Source Credits: canada, https://www.canada.ca/
Article Written By NA
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Link to Original Article: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-filing-season-media-kit/tfsmk-senoirs-tips-help-tax-season.html
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Original Article Source Credits: bnn bloomberg, https://www.bnnbloomberg.ca/
Article Written By Dale Jackson
Original Article Posted on : Jan 31, 2020
Link to Original Article: https://www.bnnbloomberg.ca/understanding-the-difference-between-an-rrsp-and-tfsa-1.1382807
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Original Article Source Credits: Quickbooks , https://quickbooks.intuit.com/
Article Written By QuickBooks Canada Team
Original Article Posted on :NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/cash-flow/cost-accounting-prime-costs-vs-conversion-costs/
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Original Article Source Credits: Canada, https://www.canada.ca/
Article Written By NA
Original Article Posted on : 2020-01-23
Link to Original Article: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2020/what-new-tax-professionals-tax-preparers.html
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Original Article Source Credits: quick books intuit, https://quickbooks.intuit.com/
Article Written By QuickBooks Canada Team
Original Article Posted on : NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/payroll/using-different-pay-codes/
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Original Article Source Credits: QuickBooks , https://quickbooks.intuit.com/
Article Written By Joy Blenman
Original Article Posted on : NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/managing-people/how-to-calculate-the-true-cost-of-a-new-employee/
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Original Article Source Credits: he Motley Fool Canada, https://www.fool.ca/
Article Written By Adam Othman
Original Article Posted on : January 1, 2020
Link to Original Article: https://www.fool.ca/2020/01/01/canada-revenue-agency-the-1-giant-tfsa-mistake-to-avoid-in-2020/