Sound bookkeeping is the foundation of financial management for businesses in Ottawa, ON. Yet, for many entrepreneurs, the world of bookkeeping can be overwhelming. Understanding bookkeeping basics, such as debits, credits, and financial statements, is vital for maintaining accurate financial records and making informed business decisions. In this blog, we'll break down these essential concepts to help business owners grasp the fundamentals of bookkeeping.
 

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As the year comes to a close, businesses in Ottawa, ON, have a unique opportunity to optimize their tax benefits through strategic year-end tax planning. Businesses can potentially reduce their tax burden and increase their bottom line by making well-informed financial decisions before the year ends. In this blog, we'll explore essential tips for businesses to make the most of their tax planning, ensuring they stay financially sound and compliant.

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Original Article Source Credits:   Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By:  Puja Tayal

Original Article Posted on:  April 5, 2021

Link to Original Article:  https://ca.finance.yahoo.com/news/cra-covid-benefits-save-stimulus-120144392.html

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Original Article Source Credits:   CPA Canada,https://www.cpacanada.ca/

Article Written By:  Bruce Ball, FCPA, FCA, CFP

Original Article Posted on:  January 28, 2021

Link to Original Article:  https://www.cpacanada.ca/en/business-and-accounting-resources/taxation/blog/2021/january/income-tax-impacts-covid-19-support-programs

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Original Article Source Credits:   QuickBooks Canada , https://quickbooks.intuit.com/

Article Written By:  QuickBooks Canada Team

Original Article Posted on:  NA

Link to Original Article:  https://quickbooks.intuit.com/ca/resources/accounting-errors/most-costly-bookkeeping-errors/

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Original Article Source Credits:   Chron , https://smallbusiness.chron.com/

Article Written By:  George N. Root III

Original Article Posted on:  NA

Link to Original Article:  https://smallbusiness.chron.com/advantages-bookkeeping-10662.html

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Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Christopher Liew, CFA 

Original Article Posted on:  January 5, 2021

Link to Original Article:  https://www.fool.ca/2021/01/05/canada-revenue-agency-2-big-changes-to-be-aware-of-in-2021/

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Original Article Source Credits:    Intuit and QuickBooks   , https://quickbooks.intuit.com/

Article Written By:  QuickBooks Canada Team

Original Article Posted on:  NA

Link to Original Article:  https://quickbooks.intuit.com/ca/resources/bookkeeping/ways-improve-small-business-bookkeeping/

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Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Puja Tayal

Original Article Posted on:  October 7, 2020

Link to Original Article:  https://www.fool.ca/2020/10/07/canada-revenue-agency-october-gst-refunds-are-here/

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Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By: Rudy Mezzetta

Original Article Posted on:  October 9, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/feds-score-big-with-extra-funding-of-cras-business-compliance-programs/

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Original Article Source Credits:   CPA Canada , https://www.cpacanada.ca/

Article Written By:  NA

Original Article Posted on:  September 17, 2020

Link to Original Article:  https://www.cpacanada.ca/en/members-area/profession-news/2020/march/cra-covid19-updates

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Original Article Source Credits:   CANADA , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-08-25

Link to Original Article:  https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/when-you-money-collections-cra/corporate-debt.html

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Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Rudy Mezzetta

Original Article Posted on:  August 27, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/cra-adds-t4-reporting-requirements-to-validate-benefit-payments/

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Original Article Source Credits: CANADA , https://www.canada.ca/

Article Written By: NA

Original Article Posted on: 2020-08-19

Link to Original Article:  https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html

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Original Article Source Credits: Advisor’s Edge , https://www.advisor.ca/

Article Written By: Rudy Mezzetta

Original Article Posted on: July 27, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/cra-extends-tax-payment-deadline-to-sept-30/

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Original Article Source Credits: The Motley Fool , https://www.fool.ca/

Article Written By: Puja Tayal 

Original Article Posted on: August 18, 2020

Link to Original Article:  https://www.fool.ca/2020/08/18/canada-revenue-agency-3-tax-breaks-that-you-can-claim/

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Original Article Source Credits: CANADA , https://www.canada.ca/

Article Written By : NA

Original Article Posted on : 2020-07-27

Link to Original Article:  https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html

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Original Article Source Credits: CANADA , https://www.canada.ca/

Article Written By : NA

Original Article Posted on : 2020-07-27

Link to Original Article:  https://www.canada.ca/en/revenue-agency/campaigns/taxes-get-ready.html

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One of the main requirements to run a successful business is the systematic organization of efforts and information. Without proper organization, you’ll find it tough to work towards your goals as you won’t know the status of your resources or your past achievements. To efficiently maintain order in your business, there are different services you can employ.

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While most people dread filing their taxes, it’s a mandatory requirement for all Canadian citizens above the age of eighteen to file their taxes before April 30. Paying taxes to the government is essential as they are utilized for the nation’s development and to take care of its citizens. Paying your taxes on time also comes with direct benefits for you, like refunds, rebates (if your earnings are low), and financial organization. Moreover, timely preparation of tax returns can help you claim all of the deductions you’re entitled to, prevent penalties and inquiries from the CRA.

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