Setting your Business up for Success: QuickBooks 101

Your Bottom Line | Apr 04, 2024

QuickBooks in Courtice

Join us for an empowering presentation on “Setting your Business up for Success: QuickBooks 101” Learn the essentials for seamless financial management tailored to your business.

Money Management for Freelancers and Gigworkers

Your Bottom Line | Nov 15, 2023

QuickBooks in Courtice

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.

From Hassle to Harmony: Simplifying the Payroll Process

Your Bottom Line | Jun 21, 2023

QuickBooks in Courtice

Payroll processing can be a time-consuming and complex task for businesses in Ontario. From calculating employee wages and deductions to ensuring compliance with employment standards and tax regulations, payroll management requires careful attention to detail.

Avoiding Common Accounting Mistakes: Lessons for Canadian Entrepreneurs

Your Bottom Line | May 22, 2023

QuickBooks in Courtice

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.

What you NEED to know about the Tax-Free First Home Savings Account!

Your Bottom Line | Apr 15, 2023

QuickBooks in Courtice

In Budget 2022, the government proposed the introduction of the Tax-Free First Home Savings Account (FHSA). This new registered plan would give prospective first-time home buyers the ability to save $40,000 on a tax-free basis. Like a Registered Retirement Savings Plan (RRSP), contributions would be tax-deductible, and withdrawals to purchase a first home—including from investment income—would be non-taxable, like a Tax-Free Savings Account (TFSA).

The Essential Guide to Getting Ready for Tax Time! (2022 Edition)

Your Bottom Line | Feb 15, 2023

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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.

Six Most Common Accounting Mistakes People Make

Your Bottom Line | Oct 21, 2022

QuickBooks in Courtice

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.

COVID-19 Business & Benefit Cheat Sheet: UPDATED 02/04/2022!

Your Bottom Line | Feb 05, 2022

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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

Cryptocurrency FAQs - What You Need To Know About Tax Season

Your Bottom Line | Jan 14, 2022

QuickBooks in Courtice

Cryptocurrency is a relatively new innovation that requires guidelines on taxation so that Canadians are aware of how to meet their tax obligations. There are many misconceptions about this subject, which is why we made a handy FAQ sheet to answer 8 frequently asked questions.