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Tips from TAP: Need for qualified bookkeeping services

Seventy Four percent of small businesses do NOT employ full-time or part-time bookkeeping help. Consequently, small business owners are attempting to figure this out without the necessary background, taking away valuable time from running their business. Throwing data into accounting software without knowing the key elements of the bookkeeping process can create some disastrous results. … Continue reading Tips from TAP: Need for qualified bookkeeping services

Tips from TAP: Avoiding an Audit

Getting audited by CRA is no fun. Your best chance of avoiding an audit is by doing things right before you file your return this year. Some suggestions: Don’t leave anything out. Missing or incomplete information on your return will trigger an audit letter automatically. Double-check your numbers. Bad math will get you audited. People … Continue reading Tips from TAP: Avoiding an Audit

Tips from TAP: Bookkeeping is a Pain Point for Small Businesses

Businesses can’t survive without bookkeeping. The CRA frowns on businesses that don’t keep appropriate records come tax time. You also won’t know how your business is doing without knowing the health of your cash flow or what your margin is. Outsourcing is often a solution for bookkeeping. When you outsource the bookkeeping to TAP Bookkeeping, … Continue reading Tips from TAP: Bookkeeping is a Pain Point for Small Businesses