What Can Bad Bookkeeping Cost You?

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Women sitting at a messy deskOver the last several weeks I seem to have had an influx of new clients who are suffering from bad bookkeeping. I don’t know if it is because so many business owners are submitting their books to their accountant for year end, but it does seem like February and ...

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Is HST Charged on Every Product I Sell?

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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, ...

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Canadian GST/HST is Due

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GST and HSTIt’s that time of year again, fellow Canucks!

From an article at About.com’s Small Business Canada section, written by Susan Ward:

GST/HST for the reporting period July 1st to September 30th is due October 31st.

Remember that if you are a GST/HST registrant, you must file GST/HST returns on schedule, even if there is nothing to report ...

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Important Tax Changes for BC and PEI

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Sales TaxWe recently received this email from Intuit, detailing some upcoming important tax changes for changes to sales tax in British Columbia and Prince Edward Island, which will take effect on April 1, 2013. The email also provides some information on how to update your tax codes in QuickBooks in order to accommodate for these changes.

The tax changes represent an interesting role ...

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