LedgersOnline Blog

For all things accounting and bookkeeping.

Do you know if you need to register your business for GST/HST? Do you know the benefit to voluntary registration? Are you claiming ITCs? Does GST need to be charged on all goods and services? We've simplified some answers to the questions that many small business owners have.

Moving from contracted workers to payroll employees can have both positive and negative impacts on your business' bottom line. The responsibility that you, as a contractor's client or as an employer, carry varies greatly for both. To help you make the decision we've put together the below list of 4 points to consider when moving from contractors to payroll.

Starting your business from the ground up is not easy at all. There are some things you could do alone and it is understandable that you would like to save as much money as you can. However, sometimes hiring additional help to get you started could pay off. So, why would you need a professional bookkeeper for your new startup?

We are excited to introduce Janette to the LedgersOnline bookkeeping team. Janette has an extensive resume providing bookkeeping services to a variety of incorporated and sole proprietor clients, as well as working in the co-op sector for the previous 10 years.

Whether you need to pay GST/HST, payroll remittances, personal or corporate tax, there are many ways you can submit a payment to the Canada Revenue Agency (CRA). In order to avoid interest charges and penalties, your payment needs to be received by the due date. Paying online is the most efficient way to make sure your payment is recorded immediately. You have to consider the time it takes mail to arrive and processing time if you pay at your bank or send via mail – make sure you are giving yourself enough time.

Keep Up To Date

Subscribe to our blog to get updates via email.

About Us

Trusted bookkeeping and accounting services provider to businesses for over 10 years.