Tag: accounting

December 11, 2018

When it comes to small business accounting, most people know that it is important to keep your records updated for taxes. However, there are many more benefits from small business accounting that you can use to grow, improve, and expand […]

August 9, 2018

Some entrepreneurs dread small business accounting, but they should praise their bookkeepers instead of complaining about the process. Small business accounting goes beyond tracking transactions and preparing taxes. Quality financial and managerial accounting help you make the right decisions, expand […]

May 25, 2018

Unless an individual is an accountant or really enjoys working with numbers, then accounting is not a favorite task. Nonetheless, adopting certain good habits in the early stages of your small business can assist in averting major ones later on. […]

April 19, 2018

For years, targeting key accounts has been a cornerstone of effective B2B growth. Today, over 90% of B2B organizations believe Account Based Marketing is a “must-have” tactic, according to SiriusDecisions. One reason is the immense amount of data that is […]

October 26, 2017

Deciding that it is finally time to look for an accountant is a big step for any growing business, but you will have to make sure that your financial information — one of the most important areas in your business […]

July 7, 2017

Accounting for a retail business comes with the challenge of calculating and tracking inventory. Here are some methods you can use. Keeping an accurate record of your money is vital for every business, but some aspects of retail set it […]

July 3, 2017

One key to keep your bottom line as high as possible is keeping your taxes as low as possible. Here are two specialized tax credits you should know about. “We’ve got to find a way to get our costs of […]

April 12, 2017

There’s no need to feel taxed during tax season! If you’re feeling the pressure, you’re not alone: almost 72 percent of Americans feel stressed about money. The good news is that there are lots of ways to proactively transform your […]

April 7, 2017

The topic seems to strike fear in the hearts of employees in every industry: artificially intelligent, robots, automated systems and the threat of them taking over the world. But not every industry is dreading their presence. With the annual tax […]

April 6, 2017

How do income tax rules treat bad debts? Facts: There are two provisions in the Income Tax Act (ITA) for bad debts. Discussion: The first way to claim a bad debt is covered in Section 20 of the ITA if […]

April 4, 2017

Even a decade after the financial crisis of 2008/2009, executives across the globe are continuing to see changes to financial reporting and business processes. As a direct result International Financial Reporting Standards IFRS 15 (revenue recognition) and IFRS 16 (Leases) […]

March 20, 2017

There are so many aspects to manage when it comes to successfully running a restaurant. Here are our recommendations. Accounting may be the least glamorous part of running a restaurant, but as some would argue, it is one of the […]

December 15, 2016

Do you trust your business reports? Reporting represents a classic paradox: complete reports are critical for business insight and decisions, yet delivery of comprehensive timely reports is often difficult—if not impossible. Reporting solutions are often a menagerie of applications from […]

December 1, 2016

The ability to process and interrogate vast amounts of data is helping automate the audit in ways that were unimaginable a decade ago.  This in turn is changing how, where and when our work gets done. At the same time, […]

November 22, 2016

When recruiting for your next accountant, you’ll want to narrow down your candidate pool to only the best and brightest. So, what exactly should you be looking for, and how do you go about finding the perfect combination of qualifications […]

August 17, 2016

Knowing the right accounting interview questions to ask job candidates can mean the difference between hiring a superstar and bringing the wrong person on board at your small business. We’ve identified 10 good queries to pose to job candidates the […]

March 21, 2016

As an entrepreneur or self-employed professional, the thought of April is enough to strike fear into your soul. It means tax season is upon you and you’ll be forced to make major decisions. Chief among these decisions is the choice between the […]