Returns that include income from rental properties are often audited, so, it’s important to consider your increased tax compliance burden as a real estate investor. If this is your first year with a rental property, it’s especially important to set up the tax reporting and documentation properly for an audit-proof experience.

Every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of the daily operations of a specific industry, and the accounting and bookkeeping business is no exception.

 

Whether you have maintained a year-round record of business activities or need to file documents in the last minute, it is critical to focus on getting your business ready for the year-end.

Our email newsletter is a one-stop resource for relevant news and content about Bookkeeping Bizz, providing expert solutions for accounting, bookkeeping, business tax, advisory, business consulting services, personal tax and payroll services to clients across Oakville, Brampton, Mississauga, Vaughan, Richmond Hill, Toronto.

One of the only constants in the world we live in is change, and no change has affected people and industries more than technology. For decades, technology has been changing the world, and the field of accounting has also witnessed its fair share of technological advancements with cloud accounting becoming one of the most sought-after services.

With the ability to make or break your financial and business stability, your accounts play a vital role in your growth story. Unfortunately, when it comes to accounting, there are a ton of questions clients have but often find answers difficult to come by.

At Bookkeeping Bizz, we believe that an accountant should possess skills and charisma. Unfortunately, stereotypes and myths deter people from taking up a career in accounting. If you plan on becoming an accountant, you should be able to differentiate between reality and fiction.

Accounting and bookkeeping is a critical part of any business, and while everyone makes mistakes, accounting mistakes usually cannot be reconciled with an apology. In most cases, a simple accounting oversight can cost a business money, time, and even a visit from the CRA.

Accountants are an integral part of any business striving for growth and sustainability. They keep track of the details of every transaction a business makes and use the detailed information they’ve collected all through the year to prepare your tax returns in advance so that there are no last minute hiccups.

Thanks for stopping by our blog. If you’re looking for more information about Bookkeeping Bizz, you’ve come to the right place.

I’m Yasemin Aygun, proud owner of Bookkeeping Bizz Inc.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

We are delighted to announce the launch of our new website!

Our new website provides our existing and prospective clients a simple yet interactive view of our work and the services we offer.

New Website Coming Soon!

In the previous, we have talked about step by step how to open a business. But did you think about what kind of business will work for you? There are four different business structures which you can consider. Sole Proprietorships, Partnerships (2 people or more), Cooperatives and Corporations.

In Canada taxes are annualized meaning they are once a year, before I explain; you need to understand the following equations;

You are thinking of starting your own business and looking to setup your own system that will work for you, then this post is for you. This is a step by step guide that will help you ensure you are on the right track.