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How to Choose your Business Structure

Your business structure can determine many important things within your business, like how your business does taxes and how you pay yourself. The most common business structures in Canada are: sole proprietorship, partnership, and corporation. When deciding on your business structure, here are some of the main things to consider: Where does your business operate? …

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An image of a person holding a sticky notes that reads "Track your Spending" in front of a desk with a calculator and several American bills on it.

How to Deal with Meals and Entertainment Expenses

Meals and entertainment expenses are vital to some businesses but often these are not recorded in an appropriate way. For clarity, the meals category includes expenses incurred in the consumption of food and beverages, and entertainment includes tickets and entrance fees to an entertainment or sporting event. To be deductible these expenses must have only …

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Benefits of Owning a Virtual Business for Outstanding Results

Opening your own business is a big job and the benefits of owning a virtual business can be substantial. Below we highlight the benefits we found had the most impactful effect on businesses who either converted to being online or started out being virtual from the very beginning. 1. Lower overhead costs If you have …

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A smiling bookkeeper with both thumbs up in the air, indicating a good job

What Ethics Make for an Excellent Bookkeeper?

A bookkeeper deals with sensitive information every day. From your company’s financials to your employees’ personal information, we are expected to maintain confidentiality in all situations. This means that our ethics must be of the highest standard to ensure that we are prioritizing the correct things to provide superior and secure bookkeeping services. So, what …

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Should You Use QuickBooks Online or QuickBooks Desktop?

They are both QuickBooks, so what’s the difference? The most obvious difference between QuickBooks Online and QuickBooks Desktop is that QuickBooks Desktop is downloaded and kept on your computer or laptop, whereas QuickBooks Online is a cloud-based program which can be accessed anywhere at any time. When considering which program to choose, consider that how …

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