Tag Canada Revenue Agency

Saga of the Road Warrior

Saga of the Road Warrior
Being in business often means traveling for one reason or another. Outside salesmen often do extreme amounts of travelling. So do service reps, on-site support staff, taxi drivers and career truck drivers. The list goes on.

Trust Issues

Trust Issues
Interesting this whole business of “trust”. I’m pretty sure we’re all familiar with trust as it applies to us on a personal level. We trust each other. We place our trust in certain things, events, processes and institutions.

Let’s Get Started

Let's get started
We’ve all either done it or know of someone who has. By this I mean starting a new business. Some have gotten into the game by buying or taking over an existing business or by buying into a franchise. Yet others have started it from scratch bringing nothing more than a skill set and, hopefully, a business plan.

That Payroll Thing

That Payroll Thing

In a world where everything is provided for us, there would be no need to go out and work.  It sounds rather utopian – kind of like a “Garden of Eden” or “Shangri La” scenario or something similar.  As this…

Fast Away The Old Year Passes

Year ends, when it comes to the financial side of a business, represent a time of year when all the numbers need to be tidied up, consolidated, agreed to by management, and presented to the accountant for tax filing with Revenue Canada.

The Paper Mountain

The Paper Mountain
When I talk about paper, I’m referring to documents generated in the course of business. In our world we deal mainly with the paperwork that supports the bookkeeping and accounting functions.

Full cycle bookeeping

Full Cycle Bookkeeping
Ask many people what they think bookkeepers do and, as often as not, the reply will be to enter the business numbers into the books, write a bunch of cheques and make bank deposits. Even many business owners and managers think this way. They’re not wrong but there is so much more.

Tax Brackets and Tax Rates

Tax Bracket and Tax Rates
The whole business of tax brackets and tax rates for citizens of Ontario, and Canada for that matter, can be somewhat confusing. We may sort of understand the concept but do we really get what it does to us.

Types of Companies

There are essentially three different kinds or structures of companies for business owners or soon-to-be owners to consider. Which one is chosen will affect how the company needs to operate and the implications involved from both a financial and legal perspective. From our end, even the bookkeeping requirements will change to some extent.