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September 29, 2017

In our last blog post, we took a closer look at one of the two most important financial reports in your business: the balance sheet. We looked at some of the basic types of accounts that you’ll see on your balance sheet – assets, liabilities and shareholder’s equity –...

September 14, 2017

The world of small business bookkeeping and accounting can get a little confusing and overwhelming. When crediting an asset actually decreases its value, but to decrease the value of a liability you have to apply a debit, it’s easy to get lost and make mistakes that co...

September 9, 2017

Many businesses require their employees to travel around their local community, whether its sales reps, service technicians or delivery people. CRA has created a strict set of guidelines defining what can and cannot be claimed as business expenses, and understanding CR...

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