Category Archives: Accounting
The 2013 tax season has quickly showed up, and our team at LedgersOnline decided to accumulate some of the most important Canadian tax dates in 2014. You can find a full list of 2014 tax dates on the CRA website, but for now, see a list of some of the most important dates below:
The 2013 tax season has quickly come around, and we have gathered some important tax dates throughout the 2014 year in which US citizens should take note of. For more information, you can view the full IRS calendar of tax dates. With that said, please find some of the most important ones below:
Another year has gone by and we find ourselves, once again, preparing our personal taxes for the past 12 months. The Canada Revenue Agency (CRA) has a number of credits, deductions, and benefits available for tax payers, many of which are specific to students. With that said, we would like to share some great tips that many Canadian students may not know about. See our list below to get started on preparing a tax strategy to get the most out of the past year:
Over the years, the LedgersOnline team has worked with a number of Co-op students from Capilano University’s Accounting Assistant program. Our latest intern, Scott, was a hard-working and knowledgeable intern who worked closely with our team of bookkeepers and accountants for the past two weeks. It was a pleasure working with Scott, and we thought we would share what he had to say about his experience working with us:
The LedgersOnline staff has worked with clients around the world, of various sizes and industries. We have witnessed firsthand the potential problems that bookkeeping and accounting can cause for companies, especially when they are small and have put their finances on the back-burner while focusing on growing their business. With this being said, the bookkeeping process is an integral part of every business, and when done properly, can give you a strong understanding of your financial positioning. Below are five simple tips that will give you the opportunity to get up-to-date on your business’ bookkeeping and accounting, and gain an insight into how you can successfully grow your business.
One question that our accountants hear over and over from clients is whether or not their business should incorporate themselves. It is a very difficult question to answer because the process of incorporation is so large and there are so many attributes associated with the progression, that it varies from business to business. By incorporating your business, you are transforming it into a legal entity that exists separately and apart from those individuals who created it and carry on its operations. Corporations have their own liabilities and their own tax rates, which makes it a potentially valuable business decision. With this said, there are a lot of hidden fees and work involved with the process of shifting your business into a corporation. In this post we will look at some key points to consider before you transform your business into a corporate organization.