https://youtube.com/shorts/pEqXwRY9W_M?si=Tz-GK60nBsSyN1vs I was talking to a new client this week. They’re tradespeople and had already incorporated their business before coming to us. In this case, I actually wished they had spoken with an accountant or lawyer before making that decision. I don’t always recommend calling professionals before every business decision. But when it comes […]
https://youtube.com/shorts/iYtnrITHuKk?si=tsZlIk7lwYBjrTJq I was on my way to the ski hill one morning when a client called me with a quick question. They run a plumbing company and wanted to check something before making a purchase. They asked: “Can I write off a washer and dryer as a business expense if it’s installed in my house?” […]
Professional bookkeeping is vital for businesses in Terrace, British Columbia. It helps companies stay on top of their finances and make smart decisions. We know that good bookkeeping can make or break a small business. Proper bookkeeping ensures accurate financial records, which are crucial for tax compliance and business planning in Terrace. Small businesses benefit from […]
As bookkeepers in Terrace, we’ve been keeping a close eye on the new trust reporting rules from the Canada Revenue Agency (CRA). These changes will affect many of our clients who deal with trusts.The CRA has updated the T3 Trust Income Tax and Information Return. Starting in 2024, trusts will need to provide more details about […]
Bookkeeping is a key part of running a small business. It helps track money coming in and going out. Many owners find it hard to do their own books. But with the right tools and know-how, it’s not as tough as it seems. We’ll show you how to start doing your own bookkeeping. You’ll learn the […]
Free bookkeeping programs can be a game-changer for small businesses and freelancers looking to manage their finances without breaking the bank. These tools offer basic accounting features that help track income, expenses, and cash flow. Wave, GnuCash, and ZipBooks are some top free options that provide solid bookkeeping capabilities for startups and small companies. We’ve looked […]