Archives for September 2018

If you’re the owner of a start-up or recently incorporated business, it can be helpful to know the basics of  ookkeeping, whether you will be using the services of a paid professional, or not. Here are 4 main steps of the bookkeeping process that it can be helpful to understand: Gathering documents These may include cheque records, deposit records, bank statements, bills from vendors, receipts for purchases and invoices issued… Read More

A bookkeeper worth his money will have the utmost respect for client information and confidentiality, and will have the ability, knowledge and experience to help support a small business with their day-to-day administrative duties, while remaining compliant with tax laws. Ideally, a bookkeeper’s role should be to help alleviate the more tedious and repetitive tasks associated with running a small business, from the owner themselves, leaving them more time to… Read More

For those who may be new to the world of business and have just started their own small company, it can be hard to know whether you need the services of a bookkeeper, an accountant, or both. As they offer similar services, and the terms ‘bookkeeper’ and ‘accountant’ are relatively interchangeable, the choice can be puzzling at first. So, let’s take a closer looker at the two roles: What exactly… Read More

Research has shown that most dental practitioners overpay in taxes, and the reason behind this seems to stem from their lack of proactive tax planning. By not appreciating, understanding and acting upon the myriad nuances of the tax law, dentists the country over are missing out on potential tax saving opportunities and jeopardising their financial futures. How proactive tax planning can help dental practices: Creating a personalized tax strategy with… Read More