Bookkeeping Sucks…..But Does it Have To?

Posted by:

Sucks StampAt this time of the year, many of the inquiries I get are from business owners under a tough time crunch. Their business year end is December 31st, so their tax returns are due March 31st if incorporated, or April 30th if a sole proprietor.

 

So typically, in the month of January/February they are frantically trying to recreate their financial records for a full ...

Continue Reading →
0

Is HST Charged on Every Product I Sell?

Posted by:

This is another bookkeeping and accounting question that we’d like to use this blog to address.

The simple answer is no. The government has decided to allow “point of sale” rebates on certain products or services. What this means, is that on some items you can provide your customer with a rebate on the provincial portion of the HST and only charge them 5%. Some of these categories include children’s clothing and footwear, car seats, books, diapers and feminine products. So, ...

Continue Reading →
0