Avoid unnecessary stress

If you are a business owner who finds the bookkeeping process difficult to understand, you’re not alone.  When it comes to understanding all the requirements involved in managing your organizations books, many small business owners find themselves overwhelmed with the endless paperwork.

The good news is that Bookkeeping is one of the simplest, easiest and most inexpensive tasks to outsource.  It can however, be costly when done incorrectly.  Regular bookkeeping is the key to avoiding a lot of wasted time, money and unnecessary paperwork when it comes to filing your taxes.

Keep on top of these very important tasks – paying on time.

Your purchases from Vendors

Are you having trouble understanding your accounts payable [Read more…]

When an individual or group stops working because there is a break or an interruption of earnings due to layoff, retirement, resignation or dismissal, you will need to complete the Record of Employment.

You can do this online at the Service Canada website or by other electronic methods.

What is a Record of Employment?

The Record of Employment is an accurate report of the:

• Number of insurable hours worked
• How long the employee worked for your company
• The employee benefit rate they will be paid

The employer has 5, 7 or 15 calendar days to complete this form when the employee stops work. [Read more…]