A self employed person is able to claim a percentage of their house expenses for hydro, water, insurance, mortgage interest and other household expenses based on their usage of said home for an “office in home”. Tavis King
What’s the first piece of accounting advice you give all new small business owners?
The first piece of advice I give to new small businesses is to make sure you stay onside with all government remittances by that I mean keep up to date on all payroll remittances, gst, rst and corporate taxes. Tavis … Read More
What’s the difference between Bookkeeping and Accounting for Small Businesses?
Bookkeeping is the entry of day to day revenue and expenses while accounting is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. For a small business bookkeeping is the process of tracking where funds … Read More