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. 

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.

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

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/

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/

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

Article Written By NA

Original Article Posted on :NA

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

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

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/

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

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/

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/

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/

Article Written By QuickBooks Canada Team

Original Article Posted on : NA

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

Original Article Posted on : NA 

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

Original Article Source Credits: Quickbooks.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/cash-flow/financial-analysis-cash-to-cash-cycle/

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

Article Written By NA

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

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

Article Written By: NA

Original Article Posted on : NA 

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/

Article Written By: NA

Original Article Posted on :  November 27, 2019

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