The Three Stooges of Canadian Business Taxes
Are you a Canadian small business owner looking to conquer the tax realm? We’ve got you covered! Discover the ins and outs of income tax, sales tax, and source deductions. By understanding these tax types and their requirements, you can steer clear of penalties, keep your bookkeeping in check, and focus on what matters most: growing your business. Let’s embark on this tax adventure together and unlock the secrets to smarter accounting practices!
7 Ways Bookkeepers Boost Your Business’s Bottom Line
Running a business comes with countless responsibilities, and bookkeeping is often a time-consuming and tedious task that you’d rather avoid. However, neglecting your bookkeeping can have serious financial consequences. That’s where professional bookkeeping services, such as Indigo Bookkeeping Services, can be a game-changer. By hiring a skilled bookkeeper, you can free up your time to focus on business growth, while ensuring accurate financial data and receiving expert financial guidance. From saving time and money to staying compliant with regulations and gaining valuable insights, discover why hiring a professional bookkeeper is a wise decision for Canadian businesses. Let the professionals handle the number crunching while you concentrate on what you do best – growing your business and achieving success.
5 Mistakes Small Businesses Make
Avoiding accounting and bookkeeping mistakes is crucial for businesses of all sizes. Mixing personal and business finances, failing to keep accurate records, not hiring a professional bookkeeper, ignoring cash flow, and not staying up-to-date on tax laws are common mistakes to avoid. Hiring a professional bookkeeper, like Indigo Bookkeeping, can save you time and money while ensuring accurate financial statements. Contact us today for a consultation and streamline your bookkeeping processes.
Tracking Your Business Expenses
As the owner of a small business myself, I know how quickly expense tracking (or lack of it) can quickly get out of control. Where is it all going? Why are there so many transactions? Is there an easier way to manage my small business expenses without paying for an arm and a leg? The […]
Business Write-Offs for Sole Proprietorship & Partnerships
What Small Business Owners Need To Know About Tax Write-Offs Contrary to what David Rose may think… You, not the “write-off people,” are responsible for your business write-offs! It is important for businesses to accurately document and record expenses that are considered eligible by the Canada Revenue Agency (CRA). By doing so, you can lower […]
Financial Year-End Tips for Small Business Bookkeeping
Every small business has the potential for growth, and yours is no exception.
If you spent most of 2022 feeling overwhelmed and burnt out from managing your business, it’s time to think about hiring someone to complete your bookkeeping for 2023.
The True Cost of Manual Data Entry Errors in Business Accounting
Despite the exponential growth of automation globally, many organizations still rely on manual data entry systems for procurement. As your business grows, it is important to start moving away from manual entry of data. There are a lot of risks that come by when you put off automation. Let’s check them out! The Cost of Staff Manual […]
DIY Payroll Stress & Manitoba Employment Standards
Payroll is a common denominator of stress in small business ownership Being responsible for your small business payroll can be stressful and tedious. Accordingly, that’s why it’s something we navigate for our clients. While in general, payroll rules are the same for most businesses, there are some industry-specific rules that employers must abide by. A […]
How To Achieve A Better Work-Life Balance For Small Business Owners
Work-life balance is a common goal amongst business owners. However, it is often found to be hard to achieve. Business owners have numerous responsibilities that will oftentimes spill over into the time they would have allocated to their personal life. Understandably, it will often seem business owners put more effort and work twice as much […]
Creating a Financial Exit Strategy for Your Small Business
Planning an exit strategy for your business may not seem like an obvious step at the start of your business. After all, you are looking to grow your business, not end it, right? However, planning how you would like to pull your money, time, and energy out of your business is critical. No matter the […]