When the pandemic hit, the Canada Revenue Agency (CRA) adopted measures to help Canadians cope with the global crisis. To do this, they extended both the deadlines for filing taxes and to make any payments that were owed. The CRA also did not charge penalties or interest on tax returns filed by September 1, 2020.
We are now entering one of the hardest seasons for many businesses and the ongoing pandemic is not making it any easier. The effects of COVID-19 are causing many businesses to experience additional financial challenges this holiday season. The Canada Revenue Agency (CRA) has many support benefits available to help business owners stay open during
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
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
It’s already mid-December and for many small business owners, these last few weeks of the year often end up being a last minute scramble to find lost receipts, track and make any year-end contributions, and tally up business expenses — among many other things. Getting organized in your home or office is all about developing
Working as A Team It’s well known that in order to make a business successful you need a strong team who works hand in hand together. This not only applies to your everyday operations, it is also critical to the financial aspect of your business. Building a strong team for your finances will depend on
Does Your Business need a Bookkeeper or an Accountant? Congratulations! You’re starting a business. As you prepare for success and try to get all your ducks in a row, you need to make an important decision regarding who will be handling your finances. For many entrepreneurs just starting out, their main focus is on saving