CFO Techniques Inc. is pleased to provide a variety of resources on accounting, bookkeeping taxation, and other related subjects that we hope will be helpful to both individuals and businesses.
If you have any questions, simply contact us by email or call (604) 818-2242. We will be happy to meet with you for a free, no-obligation consultation.Deciding whether a sole proprietor should incorporate in Canada depends on various factors, including tax considerations, liability protection, business growth plans, and administrative responsibilities. Here are some key points to help make that decision:
An up-to-date business balance sheet is a critical financial statement that provides a snapshot of a company's financial position at a specific point in time. It lists the company's assets, liabilities, and shareholders' equity. Here are several scenarios where having an up-to-date balance sheet is particularly beneficial:
For small businesses in Canada, simplicity and efficiency are key when choosing an accounting procedure.
Tax instalments are payments you make throughout the year to cover the taxes you normally pay in one lump sum on April 30th of the following year. You pay these instalments during the year while you are earning the income, similar to how an employer deducts tax directly from each pay period.
Bookkeepers and accountants may overlap in their tasks, yet they possess distinct skill sets. Here's what you need to know:
Filing your personal Canadian income tax return offers several benefits, including:
CFO Techniques Inc.
21 - 6575 192 Street
Surrey, BC
V4N 5T8
Phone: 604-818-2242
