Blog

Accounting is a very complex field that requires expertise from many different areas such as finance, accounting, management, marketing, and legal matters. It is essential to know how to handle all these various aspects of accounting effectively so that your company can achieve its goals efficiently. Here are some of the roles of accountants for businesses.   Record Data   Accountants need to keep track of business transactions and make sure that they are correctly recorded. They have to be very accurate in making the correct and correct payment of money to prevent frau...

  I will start by posting the information CRA provides on this matter. You can deduct travel expenses you incur to earn business and professional income. Travel expenses include: public transportation fares; hotel accommodations; and meals. In most cases, the 50% limit applies to the cost of meals, beverages, and entertainment when you travel. We discuss this limit in Meals and entertainment. The 50% limit also applies to the cost of food and beverages served and entertainment enjoyed when you travel on an airplane, train, or bus, when the ticket price does not include such amount...

There’s a time when we cannot handle the day to day operations without help. When that day comes we always have this question: Should I hire someone has my employee or just give out portions of the work in contract? Maybe if the work position isn’t there and what you have is just an unusual and seasonal amount of work, you could consider to give away contracts for specific tasks. I’m outlining some of the considerations that are made to define if the work relationship is employer/employee or Service Owner/Service Supplier: 1- Ownership of working tools – An empl...