As the year comes to a close, it's crucial for businesses to ensure that their bookkeeping is in order. Proper bookkeeping not only helps in preparing for tax season but also provides insights into the financial health of your business. Here are some key considerations to ensure your bookkeeping is ready for year-end. 1. Review Your Financial Statements Before the year ends, take the time to review your financial statements. This includes: Balance Sheet: Assess your assets,

Here are some red flags related to Old Age Security (OAS) that could prompt the Canada Revenue Agency (CRA) to review or reassess a...

Tradesperson's Tool Deduction I f you’re a tradesperson, you can claim a deduction for the cost of new tools you purchased during the...

When deciding between leasing and financing a vehicle in Canada, there are several tax considerations to keep in mind: Leasing a Vehicle...

Outsourcing tasks to a bookkeeper can streamline your financial management and free up time for you to focus on core business activities....

Develop a business plan: This should include business goals, target market, competition analysis, financial projections & market...

The maximum pensionable earnings under the Canada Pension Plan will be $68,500. up from $66,000. in 2023. The basic exemption amount...

Carol on Call Business Services Ltd. makes the security and privacy of your data their first priority!

Cheques, forms, labels and more - easily accessible from the source you trust! The Carol On Call team is pleased to announce that in...

The advantages of QuickBooks Online can change the way you do business! Chances are, QuickBooks has been around as long as or longer than...

Streamline the Financial Process In particular small to medium businesses should be considering using Cloud accounting software to manage...