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

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.

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.

Original Article Source Credits: Quickbooks,  https://quickbooks.intuit.com/

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Link to Original Article: https://quickbooks.intuit.com/ca/resources/cash-flow/cash-flow-gaps-2020/

Original Article Source Credits:The globe and mail, https://www.theglobeandmail.com/

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Link to Original Article: https://www.theglobeandmail.com/investing/personal-finance/taxes/article-take-advantage-of-tax-changes-this-year/

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Link to Original Article: https://www.bnnbloomberg.ca/understanding-the-difference-between-an-rrsp-and-tfsa-1.1382807

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Link to Original Article: https://quickbooks.intuit.com/ca/resources/cash-flow/cost-accounting-prime-costs-vs-conversion-costs/

Original Article Source Credits: Canada, https://www.canada.ca/

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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

Original Article Source Credits: quick books intuit, https://quickbooks.intuit.com/

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Link to Original Article: https://quickbooks.intuit.com/ca/resources/payroll/using-different-pay-codes/

Original Article Source Credits: QuickBooks ​​​​​​, https://quickbooks.intuit.com/

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Link to Original Article: https://quickbooks.intuit.com/ca/resources/managing-people/how-to-calculate-the-true-cost-of-a-new-employee/

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/

Original Article Source Credits: Global News, https://globalnews.ca/

Article Written By TERRY PEDWELL 

Original Article Posted on : January 1, 2020

Link to Original Article: https://globalnews.ca/news/6352374/rrsp-tax-changes-2020/

Original Article Source Credits: QuickBooks , https://quickbooks.intuit.com/

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Link to Original Article: https://quickbooks.intuit.com/ca/resources/finance-accounting/guide-for-small-business-owners/

Original Article Source Credits: Quickbooks.intuit , https://quickbooks.intuit.com/

Article Written By: QuickBooks Canada Team

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Link to Original Article:  https://quickbooks.intuit.com/ca/resources/expenses/reduce-business-expenses/

Original Article Source Credits: Quickbooks.Intuit  , https://quickbooks.intuit.com/

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Link to Original Article: https://quickbooks.intuit.com/ca/resources/cash-flow/financial-analysis-cash-to-cash-cycle/

Original Article Source Credits: Canada.ca, https://www.canada.ca/

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Original Article Posted on : 2019-12-19

Link to Original Article: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2019/interest-rates-first-calendar-quarter.html

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Link to Original Article: https://quickbooks.intuit.com/ca/resources/cash-flow/refinance-your-business-debt/

Original Article Source Credits:  Tax Tips , https://www.taxtips.ca/

Article Written By: NA

Original Article Posted on : April 11, 2019

Link to Original Article: https://www.taxtips.ca/personaltax/propertyrental/rentalexpenses.htm

Original Article Source Credits: Advisor  , https://www.advisor.ca/

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Original Article Posted on :  November 27, 2019

Link to Original Article: https://www.advisor.ca/tax/tax-news/essential-tax-numbers-for-2020/