Nowadays, sustainability is a popular topic in the finance industry. Accounting businesses adopt sustainability trends to satisfy clients and authorities as environmental awareness increases globally. Going green is only one aspect of this change; another is...
In the business world, precise financial reporting and adherence to tax regulations are vital for enduring success. Two key components of this framework are the compilation of financial statements and the knowledge of a corporate tax accountant. Even though both these...
Many Canadian citizens neglect to plan their taxes, despite the fact that doing so can often help their financial situation immensely, and reduce their tax liability. One of the best ways for Canadians to secure their financial future, is to seek professional...
There are an inordinate number of challenges facing anyone brave enough to start their own business, but there are a few ways to minimize these and make the whole process a little less stressful and overwhelming. One of the most significant ways to achieve this, is...
When an external accountant puts together financial statements for a company using information that the business has provided them with, this is known as a ‘compilation engagement.’ The accountant doesn’t, however, verify or validate any of the information they have...
For the owners of small businesses all over the world, taxes and accounting form part of their financial obligations, but for those trying to manage things singlehandedly, these can become overwhelming. However, while they are an obligation, they also present a range...
Taxes can hit small business owners hard, and have a dramatic impact on their bottom line. However, there are some steps you can take as a small business owner, to reduce your tax bill, and hang onto more of what you’ve earned. Working with a corporate tax accountant...
Unless you’re a tax professional as well as a small business owner or self-employed person, it’s unlikely that you’ll know enough about tax-saving strategies to be able to put any of them into practice, to potentially reduce your tax bill. The reality is though, that...
Providing a snapshot on any given day of a business’s financial picture, an accounting statement known as a balance sheet – or statement of financial position – lists all a company’s assets, from long-term ones like goodwill, buildings, plant and...
For business owners in Surrey, whether they’re newbies to the world of entrepreneurship, or have been running successful companies for years, taxes never get any easier to understand, particularly when it comes to Harmonized Sales Tax (HST), and the Goods and Services...
