Why Outsource Bookkeeping Services for Your Business Maintaining financial records in-house becomes challenging for business owners. Some consider the option to outsource bookkeeping services to local or virtual bookkeepers. This helps the business address the challenge while giving time and opening other resources to focus on what you do best. Keep reading our blog to […]
Category Archives: Business
Car Lease Tax Deduction Rules for Employees and Businesses in Canada In Canada, there is a car lease tax deduction in specific situations. This comes with various rules and regulations that are set out by the CRA. Its purpose is to provide the tax deduction for employees and businesses using a vehicle for work. This […]
The Penalty for Late Tax Filing in Canada Adds Up to Impactful Consequences The personal income tax filing due date for this year was at the end of April, leaving those who haven’t filed wondering what happens now. A penalty for late tax filing in Canada can result in fees, interest, and other consequences to […]
Federal Budget 2024 Canada Summary: Key Highlights for Businesses and Individuals The Canadian Federal Budget 2024 announcement was recently made, and we’ve highlighted the key areas in this article. It affects anyone residing or operating a business in Canada, along with other areas of foreign impact. When working with expert accountants, you can trust that […]
Guide to Tax on Crypto Gains in Canada Cryptocurrency is becoming a more common investment tool day-by-day, with coins like Bitcoin and Ethereum leading the way. Other crypto assets are making their way into regular dealings for investors as well, but there are taxes to consider on crypto gains. When dealing in crypto assets, you […]