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Bookkeeping for restaurants and bars in Canada is essential to staying profitable year-round. If you run a restaurant or bar...

Tax season can feel like a mountain for many construction businesses, and filing the T5018 Statement of Contract Payments often...

T5018 compliance is a critical part of tax obligations for businesses in the construction industry. Among the many forms and...

Tax compliance can be overwhelming for Canadian businesses, especially those in the construction industry. Among the many requirements, the T5018...

When it comes to tax compliance, Canadian businesses face a range of forms and requirements that can be difficult to...

Mistakes happen. Filing a T5018 form is no exception, and errors are more common than many business owners realize. Construction...

T5018 filing is critical for Canadian construction businesses to meet deadlines, maintain compliance, and avoid penalties. The T5018 Statement of...

The holiday season is a bustling time for many businesses in British Columbia, Canada, bringing an influx of seasonal employees...

Effective management of payroll is an indispensable component of operational success within any organization. It involves the process of calculating...

As eco-friendly businesses grow in number, the need for sustainable bookkeeping practices becomes increasingly important. Companies committed to reducing their...

The Role of Bookkeepers in Financial Forecasting is pivotal in today’s business environment. In the ever-evolving landscape of business, financial...

The rise of artificial intelligence (AI) is revolutionizing various industries, and AI in bookkeeping is no exception. Traditionally, bookkeeping has...

The future of bookkeeping in 2024 is evolving rapidly, influenced by advancements in technology and changing business needs. As we...

The construction industry in British Columbia is one that is highly complex and fast-moving. Due to the fact that this...

Double-Entry Bookkeeping, a step-by-step guide In the world of bookkeeping and accounting, there are many different rules, regulations, and processes...

What is the T5018? Let’s start with a simple definition of what exactly the T5018 form is. The T5018 form...

Whether you’re a construction company, contractor, or subcontractor, bookkeeping is incredibly important for companies in the construction industry. Plumbing companies...

Payroll. For some, it’s a word of joy! It’s payday, after all. For others (mainly business owners) it’s a frightening...

Optimizing your brewery’s bookkeeping processes is incredibly important in any industry, no matter the size and scope of the business...

Shopify is an ecommerce platform that has taken the world by storm and gained tremendous popularity during the COVID-19 global...

As the year comes to a close, Canadian businesses must ensure their bookkeeping and payroll processes are in order to...

The start of a new year is like a breath of fresh air—a clean slate brimming with possibilities and opportunities...

Let’s face it. Fall is slowly rolling into winter, Halloween has passed, and the store shelves are chalk full of...

Ecommerce is becoming one of the most common and popular ways that businesses around the world, and in markets like...

Imagine you’re the proud owner of a successful business in Canada. You have a dedicated team of employees who work...

How to run payroll in Canada: A step-by-step guide for business owners As a business owner in Canada, one of...

Starting a new business can be an exciting, and yet daunting adventure. If you are in Vancouver, you are well...

Deductions They’re something that should be, and often are, at front-of-mind for most small business owners and small business accountants...

If you are in the manufacturing industry, you likely understand that the bookkeeping and accounting look a bit different than...

Debt is something in business that may have that inherently negative connotation for many small business owners. After all, debt...

The construction industry may be seen as challenging, but it can be a very rewarding industry. When a construction company...

How financial statements help decision making, and how to read them When it comes to more complex accounting and financial...

It’s no surprise today that, in the wake of COVID-19, that inflation throughout Canada (and, especially in high-cost provinces like...

As a business owner, you are likely continuously looking at ways to improve your business. You may be thinking about...

As a small business, it’s always important to stay up to date on the latest trends and changes within your...

As the holiday season quickly approaches, you may be thinking about whether or not you should be giving gifts to...

Today, remote work has become the reality of businesses throughout Canada. These effects of the pandemic have been felt in...

Owning a construction company can be a lot of work. It can also be a very rewarding business to own...

As a small business owner in Canada, you have likely been focusing on your business and making it grow. In...

The accounting equation is something that, as a small business owner, you have likely heard of. But do you really...

If you are starting a new business in Vancouver, or looking to hire employees, you are likely wondering if you...

For those companies that aren’t working remotely vehicle mileage is something you have to think about. Vehicle mileage is something...

As we’ve mentioned in some of our previous blogs, having the right accounting software for your business will not only...

Your business has finally grown enough that you are thinking that you need to hire a bookkeeper. You aren’t looking...

Payroll is something that—especially today—people are more concerned with than ever. After all, during this global pandemic, there have been...

If you are just starting your business, this blog will reinforce why you should start paperless. As a new owner...

As a small business owner, you’ve put in the time and research to understand and create your start-up. Like most...

The Canadian construction industry is expected to rebound from the small downturn in 2020 due to COVID-19, with a forecast...

Should I incorporate my small business in British Columbia? If you are looking at starting a business in Canada, or...

The year-end accounting checklist for small business owners As the calendar year-end quickly approaches, your business fiscal year-end, or 12-month...

Small business owners are always looking for a way to save money these days. One of the ways this can...

According to the government of Canada, as of December 2018, 97.9% of businesses were classified as small businesses. Most provinces...

As a business owner, it’s important to know about (almost) every part of the business. However, things like accounting should...

Many business owners have concerns about outsourcing work to an outside professional. Bookkeeping is especially sensitive since it involves financial...

Unlike a business that provides a service (meaning product only goes one way), bookkeeping in the manufacturing industry can be...

If you’re a small business owner, you likely take credit cards and debit cards as payment. Plastic is convenient for...

The Do’s and Don’ts That Vancouver Businesses Need to Know About Bookkeeping Your books are the financial roadmap that helps...

A buѕinеѕѕ рlаn iѕ a plan fоr hоw уоur buѕinеѕѕ is gоing tо wоrk, аnd hоw уоu’rе gоing tо mаkе...

Bооkkеерing is one оf thе biggest hеаdасhеѕ fоr small buѕinеѕѕеѕ and еntrерrеnеurѕ аlikе. Mоѕt of thе prospective еntrерrеnеurѕ dоn’t givе...

Thе hоlidау ѕеаѕоn is hеrе, аnd уоur small buѕinеѕѕ iѕ rаmрing uр tо ѕеll mоrе thаn it hаѕ аll year...

Bооkkеерing invоlvеѕ thе rесоrding, оn a daily basis, оf a company’s financial transactions. With рrореr bооkkеерing, companies are able to...

Sections of a buѕinеѕѕ рlаn: Aѕ discussed in thе first раrt оf thiѕ article, likе mоѕt daunting рrоjесtѕ, drafting a...

Setting up and maintaining a bookkeeping system for your business will not only keep your financial information in proper order...

Businesses need to remain efficient to be competitive. Improvements made to accounting, payroll, and bookkeeping processes can have the greatest...

Your business is just that, your business. You are not only ultimately responsible for your company, but you want it...

The 6 qualities of an experienced bookkeeper can make a major difference in how well your business tracks finances, manages...

In real estate driven economies like Vancouver, and throughout the rest of British Columbia, there are many questions that need...

Operating a small business is a lot of work. Owners tend to have many responsibilities including sales, marketing, vendor relationships...

How should I pay myself as a small business owner?  This is a question that many small business owners ask...

Tracking the financial health of your company is extremely important. Selecting the right bookkeeping and accounting software will make a...

As a business owner in Canada, if you are looking to expand your company you are probably looking at bringing...

Bookkeeping for a construction company can sometimes be considered challenging because there are many other moving parts and uncertainties, compared...

Whether you live in a dual-income house, or are working with family members, it is important in Canada to understand...

Opportunity Costs Small business owners often make the mistake of trying to do everything themselves. Of course, everything comes with...

In this article, we will provide sales tax clarifications. As a small business owner, it is important to know when...

Vancouver businesses are looking for ways to make their businesses more profitable and efficient. Outsourcing specialized tasks such as bookkeeping...

Holding companies are a common term that many people associate with big businesses and offshore accounts in Canada. In major...

The financial health of your business is critical to its success. In addition to providing your customers with your products...

Finding a great bookkeeper will make a huge difference for your business. You must find the right person for the...

Shareholders of a company can withdraw money from a corporation through various methods including salary, dividends, management fees, and shareholder...

Even if you’re not in the tech industry, you’ve most likely heard of the cloud. We’re not talking about the...

As you prepare to file your tax return at the end of the year, you may be entitled to deduct...

Companies are always looking to save on their year-end taxes. If you are a small business owner, there are many...

To answer that question, let’s start with why you might choose to lease or buy. Leasing a car – Under...

If you are an owner/shareholder, you may be wondering how to take out money from your company.  Perhaps the company...

Your books are great story-tellers. While your financial reports may seem like nothing more than a bunch of numbers on...

Clients and sales are typically the top focus for any company. Without a consistent stream of revenue coming in, it...

One of the most important roles that a bookkeeping department plays in a company is maintaining proper and complete records.  ...

The last line of defense your company has against expense reimbursement fraud may come from your bookkeeping department. While supervisors...

If you are a new employer, follow the steps below when setting up and running payroll in Canada. Setup Business...

Employers must comply with the standards under BC’s Employment Standards Act (the “ESA”).   The ESA governs how employers must...

Top Ten Bookkeeping Tips Managing your company’s finances can be challenging. Whether you are an entrepreneur just starting out or...

Employer Health Tax – Overview Effective January 1, 2019, the Employer Health Tax (EHT) became effective. Under the EHT, employers...

The short answer – YES! While it may be painful for some, reconciling your bank account each month is an...

Your financial statements look great – they show that you are making a healthy profit. But, you’re scratching your head...

With the New Year upon us, we are often busy setting resolutions to adopt healthier eating and exercise habits, to...

Put simply; if Bookkeeping were currency, its practices and methods would be the bloodline of every successful business. However, bookkeeping...