An employee stays late one day, works a longer week than expected, or picks up extra hours to cover a busy period. When that happens, the payroll question is simple: which hours stay at the regular rate, and which ones become overtime? For employers, overtime in BC is not based on weekly hours alone. BC […]
There are disadvantages to leaving your paycheck behind and starting your own business. We already covered four disadvantages of starting a business, but there are advantages on the accounting and financial side too. Here are four that are worth knowing before you make that jump. 1. You Can Deduct Eligible Business Expenses The first advantage […]
So you want to leave your paycheck behind and start your own business. That’s great. There are a lot of advantages to doing that, but there are also disadvantages you may not know about until after you’ve started. Before you make that choice, here are four disadvantages worth knowing so you can make an informed […]
The accounting services for small businesses you need will depend on where your business is today. You might need someone to handle the bookkeeping and get your year-end file ready, or you may need help putting together a plan for some of the administrative work. At Kermode Accounting, we can help with those areas and […]
As your business grows, the way you handle your accounting needs to grow with it. You might start by doing the bookkeeping yourself, then move to a contracted bookkeeper and eventually bring that role in-house. At some point, though, you need more than someone recording receipts and providing financials. As the business gets bigger, you […]
If you’re paying a CPA to handle your business’s accounting, what should you actually expect from them? Getting your year-end work completed is one part of the relationship, but it shouldn’t be the only thing you receive. There are really two things you should be getting from your CPA: the year-end work and the advice […]