Getting through the entire process of bookkeeping and taxation can be quite challenging but is something that everyone needs to handle. If not handled properly, there could be penalties and fines that people would have to get through. Canada Revenue Agency has a system allowing people to work on filing their taxes themselves if they know how to get through the process. If errors occur in the calculations, and amounts mentioned are incorrect, there could be fines and penalties for adjustments.

Whether you run a small start-up or a large corporation, it’s essential that you keep your books in order. It will help maintain a steady cash flow, pay taxes on time, and optimize business performance. It could also be the difference between survival and turning a tidy profit. However, When it comes to bookkeeping, there are many questions clients have but often find it tricky to get all the answers they’re seeking. To ensure you have all your doubts cleared and arm you with the most accurate information available, ALL-PRO Bookkeeping Solutions Inc. has answered some of the most frequently asked questions about bookkeeping.

Small businesses learn to make the most of the resources they have. As an entrepreneur, you’re used to wearing multiple hats. However, it may be time to take a step back when it comes to aspects related to bookkeeping, accounting, and tax preparation if you aren’t a professional in these areas. Bookkeeping is an essential part of your business, so you need to make sure it’s done right. To help you understand how things could go wrong if you do them yourself, the experts at ALL-PRO Bookkeeping Solutions Inc. have explained in detail two reasons why you shouldn’t DIY posting journal entries.

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

Article Written By:   Erica Alini

Original Article Posted on:  December 17, 2020

Link to Original Article:  https://globalnews.ca/news/7525484/2021-taxes-tips/

Original Article Source Credits:   Yahoo News , https://ca.news.yahoo.com/

Article Written By:  Christopher Liew, CFA

Original Article Posted on:  October 21, 2020

Link to Original Article:  https://ca.news.yahoo.com/canada-revenue-agency-3-little-120027054.html

Original Article Source Credits:   CTV News , https://www.ctvnews.ca/

Article Written By:  Patricia Lovett-Reid

Original Article Posted on:  September 16, 2020

Link to Original Article:  https://www.ctvnews.ca/business/pattie-lovett-reid-the-good-and-bad-news-of-a-growing-economy-1.5106888

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

Article Written By:  The Canadian Press

Original Article Posted on:  October 14, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/taxpayer-watchdog-to-monitor-how-cra-handles-pandemic-stressed-taxpayers/

Original Article Source Credits:   Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By:  Amy Legate-Wolfe

Original Article Posted on:  September 18, 2020

Link to Original Article:  https://ca.finance.yahoo.com/news/cra-canadians-80-making-huge-164524498.html?guccounter=1

Original Article Source Credits: Intuit and 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/taxes/small-business-tax-bracket/

Original Article Source Credits:Business2community  , https://www.business2community.com/

Article Written By: Vinod Janapala

Original Article Posted on: August 6, 2020

Link to Original Article:  https://www.business2community.com/cloud-computing/what-are-the-benefits-of-cloud-managed-services-02333442

Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By: Adam Othman

Original Article Posted on: August 22, 2020

Link to Original Article:  https://ca.finance.yahoo.com/news/latest-cra-tax-deadline-extended-122838443.html

Original Article Source Credits: The Motley Fool , https://www.fool.ca/

Article Written By: Andrew Button 

Original Article Posted on: August 24, 2020 

Link to Original Article:  https://www.fool.ca/2020/08/24/canadians-3-new-cra-tax-breaks-you-can-claim-for-2020/

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

Article Written By :  Erica Alini 

Original Article Posted on : July 21, 2020

Link to Original Article:  https://globalnews.ca/news/7196318/2-million-canadians-havent-filed-taxes-benefits-interruption-cra/

Original Article Source Credits: The Balance Small Business , https://www.thebalancesmb.com/

Article Written By :  ROSEMARY CARLSON

Original Article Posted on :  February 25, 2020

Link to Original Article:  https://www.thebalancesmb.com/bookkeeping-and-accounting-for-small-business-393002

Original Article Source Credits: CTV News,https://www.ctvnews.ca/

Article Written By : The Canadian Press

Original Article Posted on : July 27, 2020 

Link to Original Article:  https://www.ctvnews.ca/canada/canada-revenue-agency-extends-tax-payment-deadline-to-sept-30-1.5040979

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

Article Written By : NA

Original Article Posted on : July 27, 2020  

Link to Original Article:  https://www.canada.ca/en/revenue-agency/news/2020/07/the-canada-revenue-agency-announces-an-extension-to-the-payment-deadline-and-offers-interest-relief-on-outstanding-tax-debts-during-the-covid-19-pa.html

I’m Valerie Mellof, the proud owner of ALL-PRO Bookkeeping Solutions Inc..

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

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

Article Written By : ETHAN ROTBERG

Original Article Posted on : 6.29.2020

Link to Original Article:  https://www.cpacanada.ca/en/news/canada/2020-06-29-covid-19-crisis-impact

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

Article Written By : NA

Original Article Posted on : 2020-06-17

Link to Original Article:  https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html

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

Article Written By : Erica Alini 

Original Article Posted on : May 13, 2020

Link to Original Article:  https://globalnews.ca/news/6937596/canadian-tax-deadline-2020-covid-19/