As the year is coming to a close, as a business owner, it’s time to focus on your year-end business planning. This includes preparing your end-of-year accounts, statements, and financial reporting. However, as the end of the year is so hectic, it’s not always easy to keep up with all the end-of-year preparations. And we at ALL-PRO Bookkeeping & Consulting Ltd. understand the stress involved to get your year-end processes complete.
-
Year-End Preparation Check List
-
Top Five Things To Look For When Hiring A Bookkeeper
Bookkeeping is a significant occupation because it is a requirement for everyone to have their books in order so they can thoroughly account for the tax amounts they have to pay. Depending on the amount that came in the account and the scale of the work done, businesses and individuals have to make sure they have bookkeepers to prepare for tax season.
-
Ten Questions To Ask A Bookkeeper
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.
-
Frequently Asked Questions About Bookkeeping
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 & Consulting Ltd. has answered some of the most frequently asked questions about bookkeeping.
-
Why You Shouldn’t DIY Posting Journal Entries
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 & Consulting Ltd. have explained in detail two reasons why you shouldn’t DIY posting journal entries.
-
What to expect from your 2021 taxes and how to prepare
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/
-
Canada Revenue Agency: 3 Little-Known Tax Write-Offs Could Save You Thousands
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
-
Pattie Lovett-Reid: The good and bad news of a growing economy
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
-
Taxpayer watchdog to monitor how CRA handles pandemic-stressed taxpayers
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/
-
CRA to Canadians: 80% of You Are Making This HUGE TFSA Mistake
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
-
Tax brackets: How to prepare and file your Canadian small business taxes
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/
-
What Are the Benefits of Cloud Managed Services?
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
-
Latest CRA Update: Tax Deadline Extended Again!
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
-
CANADIANS: 3 New CRA Tax Breaks You Can Claim for 2020!
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/
-
2 million Canadians who haven’t yet filed taxes could face benefits interruption, CRA warns
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/
-
The Difference Between Bookkeeping and Accounting in Small Business
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
-
Canada Revenue Agency extends tax payment deadline to Sept. 30
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
-
The Canada Revenue Agency announces an extension to the payment deadline and offers interest relief on outstanding tax debts during the COVID-19 pandemic
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
-
Meet The Face Behind ALL-PRO Bookkeeping & Consulting Ltd.
I’m Valerie Mellof, the proud owner of ALL-PRO Bookkeeping & Consulting Ltd.
I look forward to sharing my story. I hope that you will enjoy getting to know me better.
-
3 months later: how the pandemic is impacting Canadian businesses
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