Year End Bookkeeping Procedures for Businesses
Posted by admin on Dec 31, 2011 in Bookkeeping | 5 comments
Your business’s year is coming to an end. Do you know what procedures you must do with your bookkeeping? For those new business start-ups in Canada and the United States, you may not know what needs to be done at year-end to carry forward your bookkeeping into a new fiscal year.
Read MoreEmployment Standards – Employee or Subcontractor?
Posted by admin on Oct 13, 2011 in Bookkeeping | 5 comments
In British Columbia, the Employment Standards Act clearly outlines what qualifies as an employee and what qualifies as a subcontractor.
Read MoreEmployment Standards – Vacation Pay
Posted by admin on Sep 27, 2011 in Bookkeeping | 0 comments
A lot of businesses in British Columbia (also in other provinces in Canada and states in U.S.) don’t fully understand the rules and regulations surrounding their employment obligations. Here in this multi-segmented series, I am going highlight several aspects of the Employment Standards as it pertains to the beautiful Province of British Columbia. For all other readers from outside our province, please read the regulations as found online in your province, territory or state.
Read MoreHow Do I Sort Items for Bookkeeping? (Part 2)
Posted by admin on Aug 2, 2011 in Bookkeeping | 12 comments
In Part 1 of this blog series, we looked at sorting your receipts by category, its advantages and disadvantages. Here in Part 2, we are going to look at a second way of sorting your slips.
Read MoreSort Receipts for the Bookkeeper (Part 1)
Posted by admin on Jul 5, 2011 in Bookkeeping | 16 comments
I now have a bookkeeper, but I don’t have a lot of money to spend on one. This is a very common theme among small business. I know I need that bookkeeper, so how do I cut down on the cost? We will help you with one way – sort all the sales and expense receipts for the bookkeeper yourself before delivering it.
Read MoreDo I Qualify for Home Business Expenses?
Posted by admin on Jun 2, 2011 in Bookkeeping | 11 comments
When you work from home, or more specifically, have a home-based business, you can qualify for home business expenses. The CRA has several tests, however, to determine whether or not you can legitimately claim them. Here is an overview of the qualification process:
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