Category: Accounting
Making a Profit
Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports the profit-making activities of the business and the bottom-line profit or loss for a specified period. The balance sheets reports the financial position of the business…
Personal Accounting
If you have a checking account, of course you balance it periodically to account for any differences between what’s in your statement and what you wrote down for checks and deposits. Many people do it once a month when their statement is mailed to…
TOP 2019 YEAR END INCOME TAX PLANNING TIPS
It’s that time again. The year is almost done, and it’s time to take advantage of tax-planning strategies that will reduce your income tax burden for the 2019 tax year. We’ve collected the top 2019 tax-reduction strategies from our Canadian tax lawyers. Top 2019…
Three tax tips for small business owners
Filing your business’ tax return can get complicated. Consult an accountant to get your taxes sorted out today. To get you started with your 2018 tax return, Danielle’s SOS Financial has prepared some tips for small business owners: 1. Retain your records. If you run your…
Year End Prep Essentials
This video is about everything to do with Year End Prep! Either you run a Sole Proprietorship or you run an Incorporated Business. – these core principles can work with both! Make sure to get prepared. Get the Skinny on the facts! Here’s the…