Tag: year end accounting

Accounting Methods – Cash and Accrual

When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method. Cash Method If you are looking for simplicity, the cash method is probably…

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…

What Bookkeeping Tasks Need to be Done + When

Weekly 1. Check Bank Balances It’s a good idea to always be aware of your bank balances. You’ll know if you are getting low or sitting ok. Looking weekly also helps you see trends in your monthly finances. When do you have the most…

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…