Being a small business owner isn’t easy. Most small business owners often find themselves understaffed and underfunded which means that in most cases they have to look at several departments of the business. With so many things going on, keeping track of it all can become quite difficult and when it comes to accounting such […]
Why Is Accounting Important For Small Business Owners? Read More »
As a small to medium-sized business, it is essential that you are at least familiar with the Generally Accepted Accounting Principles (GAAP) framework. This framework includes both the Accounting Standards for Private Enterprises and the International Financial Reporting Standards (IFRS). As a business owner in Canada, you can choose to either follow the ASPE or
ASPE VS. IRFS – The Right Accounting Standard For Your Business Read More »
No one likes paying exorbitant amounts of tax. Seeing those tax dollars being deducted from your paycheque or yearly profits can seem unfair given the hard work you have put into earning it. But paying taxes is extremely important and binding by law. Canada being a parliamentary democracy and a constitutional monarchy places the highest
How To Save Tax Dollars Using The GST/HST Quick Method Read More »
One of the biggest sources of tax for the Canadian government is sales tax, which is charged on pretty much every transaction in Canada, with a few exceptions. In most Provinces, businesses charge and pay HST, which stands for Harmonised Sales Tax. If you’re going to do business in Canada, you need to understand what
When To Start Charging HST Read More »
Being a small business owner, entrepreneur, or independent contractor, is challenging enough as you have so many added responsibilities and usually a small staff to take care of it all. This means that most small business owners have to handle almost every aspect of their business themselves including major departments such as sales, purchasing, customer
What Tax Deductions Are Applicable To You As A Small Business Owner In Canada Read More »
If you’re a small business owner who recently opened up shop, managing the financials of your business will be critical to your success. Running a company is no joke, as it involves more than just the sales and marketing of products and services, growing your client base, and increasing your revenue. Finding out what to
Monthly Bookkeeping Tips For Small And Medium Enterprises Read More »
Managing your own business is no small task. From the onset, your immediate job description would be to ensure that the whole business runs smoothly. From your daily operations to the backend support, plus everything in between. While it might be manageable in the beginning, as you scale, it will become more difficult for you
Why Your Business Needs Bookkeeping Services in 2021 Read More »
You’ve successfully launched your business. The office is now up and running. You’ve welcomed your first customers, handled their needs, and your employees are enjoying it as much as you are. As the days pass, however, you find yourself dealing with a seemingly endless pile of paperwork. Every business is required to keep a record
3 Essential Guidelines to Consider When Hiring a Bookkeeper Read More »
Small business owners are often swamped with daily tasks that never seem to stop piling up. When you are starting out, managing your businesses finances can seem like a daunting task. If you don’t have processes and a system in place, certain issues will begin to follow you. You may easily overlook goals and important
3 Bookkeeping Tips Every New Entrepreneur Needs to Know Read More »
The cost of hiring an accounting firm can vary depending on the size of your business and the kind of services you’re looking for. You can choose to hire a firm for simple bookkeeping, which is keeping a record of expenses and profits for compliance purposes or hire a firm for full-fledged accounting services which
How Much Does an Accountant Cost? Read More »
Our goal is simple. We want to make top-tier CPA services accessible to startups and small businesses in Atlantic Canada.
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Phone: 1-902-417-1398
Email: info@kindencpa.ca
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