In order to attract employees in 2022, Canadian companies need to evaluate what is important to people today. With health & safety at the forefront of employee concerns, being able to afford their lives with the current rates of inflation in Canada - workers want to know that their work environment is safe, flexible, and that they’ll be paid fairly for their work, accounting for their level of risk of infection.

One of the best benefits of being a self-employed Canadian, or Business Owner, is the tax-saving benefits! Read here for a detailed list of 21 eligible business deduction categories in Canada along with some tips on how to automate and simplify your life when it comes to your bookkeeping!

Business Owner Burnout: how to recognize the signs, and what you can do about it. Here we share three practical strategies that will help you tackle the burnout that can happen to any business owner.

A question that I get asked often by business owners who are hiring their first employee is: how does vacation pay work? Does it get paid out? Do I have to do it? Short answer is yes, all Canadian employers are required to pay at least two weeks of vacation for “every completed year of employment,” CRA. What’s a completed year? It’s twelve consecutive months from the start date of employment. If you hire someone on February 18th, 2021, you will be required to start paying or giving paid time off on February 19, 2022 .

As a business owner, there are a lot of things you need to know, one of the most important being where to invest. It can be difficult to decide what to prioritize, especially when you’re just starting out. You might be afraid of putting your money towards the wrong thing or you might be nervous to put too much money towards something you don’t know that you need.

Auditing refers to the examination of a business’s or person’s accounts, financial statements, etc. to determine that everything is in order.

We are going to talk about two kinds of auditing today, in-house/internal and external. So, what is the difference? Well, to understand that, first, you must understand what they are, to begin with.

Some business owners show their employees their appreciation through gifts and bonuses, but how do you account for them? What’s taxed and what’s not?

This blog is here to answer all those questions and more.

So, how do you account for employee gifts/bonuses?

The Government of Canada describes the job of a bookkeeper/accountant as follows:

“Accounting technicians and bookkeepers maintain complete sets of books, keep records of accounts, verify the procedures used for recording financial transactions, and provide personal bookkeeping services. They are employed throughout the private and public sectors, or they may be self-employed.”

Sounds simple enough, right? The real questions are, what do those duties entail? What can they do for your business? What is their work like? Keep on reading if you’d like those questions answered!

Accounting can be complicated. It’s not uncommon for businesses to make mistakes, but no one actually wants to make mistakes.

So, how do you avoid them? Here are some of the most common mistakes businesses make in their accounting.

Once you know them, then you can learn how to avoid them!

As an entrepreneur, I’m always looking for ways to make my life easier/better. Automation, learning, time, etc. Any of these kinds of gifts bring value to my life immensely. I’m not one for ‘things’ but rather intangible goodies. However, you might spot a few things on my list and it’s only because it either makes my life easier or has a clear function (bonus if it does more than one thing!).

Accounting can seem really confusing when you don’t know much about the terminology used. It’s much simpler than you think once you know what you’re talking about. So, let’s dive in and do some learning.

When hiring people for your business, one of the biggest questions a business owner may have is if they should pay either hourly or have them on salary.

I am writing this blog to help you decide which is best for your business and your employees.

Let’s be honest, keeping your books organized is hard! When running an entire business, keeping on top of your bookkeeping seems impossible. Keeping your books all neat and organized is the last thing on your mind. Even so, you need to keep it organized.

So, what can you do about it? Well, here are some tips and tricks that just might be the solution to helping you to keep your books organized.

It takes a lot of time and effort to run a small business. Atop of everything you have to do, keeping up with your bookkeeping can seem like a frustrating burden you have to bear. It doesn’t have to be that way! If you want an easier time with your bookkeeping, why not give online bookkeeping services a try?

Still haven’t sold you on it yet? Well then here are some benefits of hiring online bookkeeping services that are sure to convince you to give it a try!

It can often feel like your business is paying a lot of money in taxes, that’s why it’s your responsibility to learn what you can do to reduce them when possible. As a business owner, you want to do what you can to help your business thrive, even during tax season. So, here are some of the best tax reduction practices you can learn for your business.

If you run a business, one of the first things you might think about when tax season rolls around is your deductibles. If you run a business from home, there’s, even more, you can deduct from your taxes, but how do you figure out what’s a deductible and what’s not?

We’re here to help! So what can Canadian business owners deduct from their taxes when they run their business from home?

In the past year and a half, more people than ever before have been working from home. With so many people new to the working from home lifestyle, a lot probably aren't aware of what you can and can’t use as a deductible on their taxes. This blog is here to help!

When it comes to running a business and doing its taxes, there is a lot to figure out. - What’s the difference between GST and HST? - When do you start charging GST/HST? - What do you do with the GST/HST that you’ve collected?

Read on for answers to all these questions! The blog is here to guide you through GST and HST for businesses.

A question I get almost weekly is how to collect GST/HST and if a business should be collecting PST. To answer that properly, you’ll have to take a few things into consideration. This blog is here to help with that.

What are accounts, bank recs, and closing the books? Are there three things I should do right now to make my life easier? ABC, 123. This is a good place to start.