What to provide the accountant at year end.
What to provide the accountant at year end. Ever wonder what you should be providing to the accountant with your year end? Here is a quick snapshot of what an accountant needs.
What Is A CAPITAL ASSET and why do you need to track them separately for accounting?
What Is A CAPITAL ASSET and why do you need to track them separately for accounting? A capital asset is a purchase which gives a lasting benefit or advantage. The useful life of this purchase exceeds one year and is not intended for sale in the regular course of the operations.
Business Expenses - Motor Vehicle Expenses
You can deduct expenses you incur to run a motor vehicle that you use to earn business income. However, several factors can affect your deduction and the supporting documentation required does depend on the business structure.
5 things to consider when hiring an accountant
When choosing an accountant, they should be a good fit for your business. Here is a few things to consider when having an initial meeting with an accountant.
3 things to consider when choosing a year end for the corporation:
Thinking of starting a new business or did you just start one? One of the first steps should always be choosing a corporate year end. The year end can be the last day of any month of the year and there is some key things you should consider before choosing one.
Personal Tax Time Tips & Tricks
Personal Tax Time Tips & Tricks. Here we are in the final stretch of personal tax season and I am sharing my tips and tricks as well as why you should hire a CPA to prepare the tax return.
Do you need a bookkeeper or an accountant?
Do you need a bookkeeper or an accountant? Often, I get asked, what is the difference between a bookkeeper and an accountant? The answer is, a lot, they are two separate but intertwined partners for your business.
Bank and Credit Card Reconciliations
Bank and Credit Card Reconciliations. You know those statements you get every month? The ones you sometimes glace at or quickly file away or even worse, throw away? They are often looked at as secondary, however, they are a very key component of running your business!