Whether you’re a sole proprietor of a business or a freelancer, there’s no denying that taxes need to be properly calculated. Knowing the difference between being a sole proprietor and working as a freelancer can help you make informed decisions about filing your taxes. Difference Between Sole Proprietorship and Freelancing When it comes to self-employment,
While we all might think we have a pretty good grasp on how to maintain our personal and business finances, the fact is that bookkeeping is a complex and detail-oriented task that is best left to the professionals. Here are the top five reasons why you shouldn’t do your own bookkeeping. 1. You might make
Inflation 2022: Bracing Yourself for the Rising Costs of Food As we all bundled ourselves in for the holiday season, our plates filled with delicious comfort food after such a long, exhausting year, it felt a little daunting to peek into what the future will look like – especially when it came to what was
The kids have been off to college for a month or so now and the house has a peaceful quiet to it … but soon financial worry may begin to set in. Where is their money being spent? Have you given them the financial tools they will need to successfully navigate through their college years?
Sunny days and soaring temperatures are a sure indication that Summer is definitely here! More some, Summer means lazy days at the cottage and family road trips. For business owners, Summer means that the calendar year is already more than half over and most businesses are already entering their third quarter. For bookkeepers, it means
Summer is right around the corner, which means beautiful weather and travel plans! Whether it’s a day trip to the city, a weekend excursion to a cozy bed and breakfast or a weeklong getaway to a far off country, you certainly deserve that breather. Though, as a small business owner, it can sometimes feel like
Starting up a small business can be a daunting task in and of itself. Once you finally have the ball rolling, you’re all set up and ready to go, the biggest hurdle remains. How do you grow your business? Networking is a powerful tool, and it’s something you have control over. Continuously networking, no
Running your own business has never been easy. There’s endless work to be done to make sure things are running smoothly and it can often times feel overwhelming. Thankfully, the help we’re able to get from our smartphones has transformed them into tools for more than just calls and texts. They’re able to manage and
As a small business owner, chances are you’ve already considered whether or not to incorporate your growing business. With a great number of advantages to doing so, this may seem the smartest decision for your business. As with anything, there could be some disadvantages, too. So how do you know if it’s time to incorporate
When it comes to a Registered Retirement Savings Plan (RRSP), a small amount of effort can equal big rewards! Michelle McNeilly, the owner of Keenans Accounting Service, likes to take tax planning one step further and makes it a personal challenge … kind of like her own version of The Price is Right! Just like