If you’re doing your own accounting and don’t have training as a bookkeeper, it can be easy to make mistakes that negatively impact your business. Here are 7 common mistakes business owners make with their bookkeeping.
This can cost you money in penalties and interest. For more information: what you need to know about government deadlines.
How is your employee net pay calculate with employment expenses?Arriving at net pay for your employee’s pay period is different what goes on employee expenses?
Are you a licensed real estate agent, the salesperson on a salary/commission or truck driver?
Deducting out of pocket expenses are not [Read more…]
Celebrating Canada’s Labour DayIn 1872 Over 10,000 Printer’s Revolted in a 9-hour march in the streets of Toronto to established a maxim work week.
Eventually, Sir John A. MacDonald Prime Minister of Canada in 1872, had to repeal the laws in favor of the organize unions.
The Printer’s strike help to form the annual Labour Day Celebrations across Canada – adopted in 1894 by the government of Prime Minister John Thompson – as we see today! [Read more…]
Looking for ways to grow and improve your business?We’d like to help. [Read more…]
If you are working in the construction industry as a carpenter, electrician, plumber, mechanic or other type of trade, here’s what you need to know about eligible tax deductions, credits and grant programs.
You can deduct up to $500 for tools purchased for use on the job as part of your employment conditions; includes electronic equipment used for measuring, locating and calculating.
You will need to have a list of tools along with receipts.
Your employer will need to complete the Employee Expenses form.
You can also deduct all or a portion of your cell, home, auto, computer and internet.