A small business accountant can be an invaluable asset for entrepreneurs starting a new venture. Starting a small business can be a thrilling adventure, but it comes with many responsibilities, including managing finances. While some small business owners may be able to handle their own bookkeeping and accounting, it can quickly become overwhelming and time-consuming. That's where a small business accountant comes in. Hiring a professional accountant can be a game-changer for small businesses, allowing owners to focus on their core competencies while leaving financial management to the experts.

Bookkeeping is a critical aspect of managing a small business. As the backbone of the global economy, small businesses rely on proper bookkeeping to thrive. Despite this, many small business owners tend to overlook its importance, focusing instead on daily challenges. However, bookkeeping is an essential component of any successful small business. It involves the systematic recording and organizing of financial transactions, which is crucial for making informed business decisions.

For businesses, taxes can be a major cost and a complex undertaking to handle. However, chartered accountants are available to offer their expertise. These financial professionals possess extensive knowledge and experience in tax planning and can assist businesses in maximizing their tax savings. By utilizing their specialized knowledge, businesses can reduce their tax liabilities and retain a larger portion of their earnings.

Original Article Source Credits: CISION, https://www.newswire.ca

Article Written By: NA

Original Article Posted on: Apr 14, 2021

Link to Original Article: https://www.newswire.ca/news-releases/tax-tip-there-is-still-time-to-file-your-taxes-by-april-30th-2021-813839215.html

Preparing for your tax appointment takes quite a bit of time and effort. Moreover, as a business owner, you need to juggle between regular business responsibilities and tax responsibilities which can be challenging to manage together. At Taxxlution Accounting Professionals, we understand that gathering all your documents, preparing your accounts, and filing your taxes on your own can be quite difficult. Not to mention, tax preparation can be viewed as stressful because the information you put together impacts how much you owe the government. Knowing what to expect and taking the time to retrieve all necessary documentation will allow you to handle your taxes quickly and easily.

Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Adam Othman 

Original Article Posted on:   January 27, 2021

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Original Article Source Credits:   Chron , https://smallbusiness.chron.com/

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Link to Original Article:  https://smallbusiness.chron.com/advantages-bookkeeping-10662.html

Original Article Source Credits: quickbooks, https://quickbooks.intuit.com

Article Written By:  QuickBooks Canada Team

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Link to Original Article: https://quickbooks.intuit.com/ca/resources/bookkeeping/ways-improve-small-business-bookkeeping

Original Article Source Credits: Global News, https://globalnews.ca

Article Written By: Emerald Bensadoun 

Original Article Posted on: October 27, 2020

Link to Original Article: https://globalnews.ca/news/7424806/cra-double-payments-cerb

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Original Article Posted on:  October 18, 2020

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Link to Original Article:  https://quickbooks.intuit.com/ca/resources/self-employed/canadian-self-employment-tax-forms/

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Article Written By:  Jamie Golombek

Original Article Posted on:  Sep 04, 2020

Link to Original Article:  https://financialpost.com/personal-finance/taxes/everything-you-need-to-know-about-resps-and-how-to-minimize-your-familys-tax-liability/wcm/c0e8ae06-3761-47c5-a7bf-71f36b242b28/

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Original Article Posted on:  August 18, 2020

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Understanding your tax liability and ensuring you file your information correctly and on time can be a headache given the hundred other tasks you need to balance as a business owner. In such a situation, hiring an accountant can free up your schedule and ensure that you file your taxes completely and efficiently without spending more money than you need to. Professional accounts help you avoid overpaying and prevent fines from the IRS. In addition to this, they provide several other benefits to your business.

Original Article Source Credits:   Intuit and QuickBooks , https://quickbooks.intuit.com/

Article Written By:  QuickBooks Canada Team

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Link to Original Article:  https://quickbooks.intuit.com/ca/resources/taxes/small-business-tax-bracket/

Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Rudy Mezzetta

Original Article Posted on:  August 27, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/cra-adds-t4-reporting-requirements-to-validate-benefit-payments/

Original Article Source Credits: Advisor’s Edge , https://www.advisor.ca/

Article Written By: Rudy Mezzetta

Original Article Posted on: July 27, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/cra-extends-tax-payment-deadline-to-sept-30/

Original Article Source Credits: Financial Post , https://financialpost.com/

Article Written By: Financial Post & Neal Winokur

Original Article Posted on: Aug 07, 2020

Link to Original Article:  https://financialpost.com/opinion/opinion-its-time-to-end-annual-tax-filing