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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Bookkeeping Basics: Understanding Debits, Credits, and Financial Statements
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Employee home office expenses: Special rules for 2020 claims
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/employee-home-office-expenses-2020
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Canada Revenue Agency: 2 Useful Tax Breaks for 2020
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Aditya Raghunath
Original Article Posted on: November 9, 2020
Link to Original Article: https://www.fool.ca/2020/11/09/canada-revenue-agency-2-useful-tax-breaks-for-2020/
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Federal government COVID-19 tax updates
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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Corporate income tax, GST/HST and payroll deductions debt collection
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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CRA adds T4 reporting requirements to validate benefit payments
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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Income tax filing and payment deadlines
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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CRA extends tax payment deadline to Sept. 30
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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Canada Revenue Agency: 3 Tax Breaks That You Can Claim
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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Top Five Things To Look For When Hiring A Chartered Professional Accountant
Regardless of the size of your business, having a Chartered Professional Accountant has its benefits. With their knowledge and expertise, they can help you streamline your business and make you aware of growth opportunities you may have never considered.
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CRA and COVID-19
Original Article Source Credits: CANADA , https://www.canada.ca/
Article Written By : NA
Original Article Posted on :
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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Get ready to do your taxes
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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Bookkeeping Services By Zak Accounting Professional Corporation
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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Personal Tax Return Services By Zak Accounting Professional Corporation
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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Understanding Financial Statements With Notice To Reader And Corporate Tax Returns
Being a small business owner is an exciting role as there are numerous avenues of business to explore and experience. Right from operations to marketing and resource management, there are several aspects to cater to. However, when it comes to business accounts and tax preparation, it’s best if you leave these tasks to the experts. This is especially true when your company needs to meet the requirements of external parties, like investors and shareholders.
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Season's Greetings from Zak Accounting Professional Corporation
We would like to express our sincerest appreciation for the trust you have placed in us over the last year and pass on our best wishes for the holidays.
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Announcing The New Website
We are delighted to announce the launch of our new website!
Our new website provides our existing and prospective clients with a simple yet interactive view of our work and the services that we offer.
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New Website Under Construction
New Website Coming Soon!
We are currently revamping our website. Our new website will be interactive and mobile friendly!