Resources and articles
Just like everyone we are concerned for our clients and employees health and well being while continuing to provide amazing support. We are so fortunate that we are able to work virtually and our team has been able to set up at home ensuring that our clients needs continue to be met. We are open for business but are still primarily working from our home offices. With precautions we can
We get asked the question “do I need to keep my receipts?” at least once a month or more. The answer is yes you should. Receipts for the CRA According to the CRA website each expense that goes through your business must have documentation that provides the following: date of the purchase name and address of the seller or supplier name and address of the buyer full description of the
Part 2 – Capital Cost Allowances Do you look around your office and see piles of receipts that you have been meaning to deal with? Were enjoying the warm after effects of the holidays when you realized that the end of December means the coming of January and with it TAX PREPARATION TIME… Are you starting to feel a slight panic rising? If you’re thinking that Capital Cost Allowance is
Everyone hears the word taxes and groans; they seem complicated, overwhelming and sometimes downright punitive! Amanda Mungal, Owner of It’s Your Time is pleased to be offering a seminar for small business owners on how to prepare for and even get excited about tax time! Small business is a small world and people handle their taxes differently. You may have overheard entrepreneurs bragging about using various “tips and tricks” to
Last night we held our first #IYTChat on T4s and Tax Prep. We thought it would be a great opportunity to provide free guidance on how to complete your T4s and what you need to prepare for filing your taxes (including some tips on how to save money on getting those taxes done. This is the time of year when we often get panicked calls from business owners and their
Have you ever sat down to begin planning your goals and dreams for the new year ahead (which is coming up fast – where did 2013 go?) and have wondered where your best dollars are spent growing your business and how you can track them? In order to set clear goals for the future, it’s pretty vital to have the present taken care of. With December quickly approaching, taking care
Has your financial situation or fear of what your financial situation may be paralyzed you from being pro-active about your finances? Many small business owners feel a certain level of financial stress. Often when a business owner feels this kind of stress the first thing they stop doing is their bookkeeping – or reading their reports sent over by their bookkeeper because they just don’t want to know. Think “Confessions
