CPA Canada is a respected and influential voice relaying matters raised by our members to the Canada Revenue Agency (CRA) and working collaboratively to identify solutions. Be sure to check back regularly for updates.
Original Article Source Credits: CPA CANADA , https://www.cpacanada.ca/
Article Written By : NA
Original Article Posted on : July 17, 2020
Link to Original Article: https://www.cpacanada.ca/en/members-area/profession-news/2020/march/cra-covid19-updates
Nearly three months since provincial governments ordered the closing of non-essential businesses in an attempt to slow the spread of COVID-19, many, particularly small businesses, are struggling with large drops in revenue.
Original Article Source Credits: CPA CANADA , https://www.cpacanada.ca/
Article Written By : ETHAN ROTBERG
Original Article Posted on : 6.29.2020
Link to Original Article: https://www.cpacanada.ca/en/news/canada/2020-06-29-covid-19-crisis-impact
As a small business owner, one of the most vital things you should practice is the aspect of bookkeeping. If you have good financial records, you will be able to manage debts, deposits, and items given on credit by using invoices recorded. Without proper management of all your business finances, you may end up bankrupt before your investment even expands.
Original Article Source Credits: The Balance Small Business , https://www.thebalancesmb.com/
Article Written By : MARCO CARBAJO
Original Article Posted on : January 09, 2020
Link to Original Article: http
Filing taxes can be a stressful time for many. There are a ton of questions clients have but often find answers difficult to come by which can add to the stress and anxiety they feel around tax time. To ensure you have all your doubts cleared and are armed with all the information you'll need to navigate through tax season, I have answered some of the most frequently asked questions about filing tax returns.
- How much will it cost me to do my returns?
It depends on the complexity of your returns. It's best to get an estimate from a qualified tax professional.
- How
Paying attention to your bookkeeping and accounting is a crucial factor when it comes to the success of your business. Whether your business is small or big, keeping a record of your financial transactions not only helps to track the flow of money but may also reduce the chances of getting audited by CRA.
Most business owners downplay the importance of an accountant and the need to hire one, by falling prey to some myths related to accounting. Hence, we’ve debunked three myths about book-keeping which may change your opinion about the need to appoint an accountant.
Myth 1
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