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...

Most small business owners feel lucky to turn their passion into a profitable business. Working on something you love every day is certainly a perk of being an entrepreneur but the role also comes with a long list of lack lustre tasks, like bookkeeping, that need to be...

If you’re a small business owner, you might just be getting over filing your year-end tax return. But don’t rest on your laurels for too long: the deadline for quarterly HST/GST returns for businesses with a December 31 year end is at the end of July! You’re required t...

You decided that you need to start using a professional accounting software package, either because you’re just starting a new business or because the way that you used to do it just isn’t good enough. You’ve researched the best accounting software packages and found Q...

We’re pretty deep into bookkeeping. It’s what we’re trained in, it’s what we deal with day in and day out with our clients, and we dream about it at night (okay, maybe that’s a stretch). Bookkeeping might not be the most exciting topic in the world, so we try to talk a...

As we roll into June we’re getting down to the wire on the 2014 year-end tax return deadline for unincorporated businesses. If you own or run an unincorporated business your year end was December 31, 2014 but you have until June 15, 2015 to file your business tax retur...

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