Bookkeeping and accounting are part of running any business. Whether you hire an accountant or are comfortable doing it yourself, keeping your books in order will help keep track of required records. Hiring an accountant during your business start-up phase may be advantageous as he or she can help answer your …

7 hours ago – Records are all your accounting and other financial information documents. … if you have converted any paper records or supporting documents into an electronic version. … The Canada Revenue Agency (CRA) has detailed information for situations where your records, including those of your …

Jan 3, 2017 – Information for sole proprietors and partners on keeping business records including income records, expense records and the timelines and benefits of keeping business records.

under the laws that we administer. Many activities of a small business are subject to different forms of taxation. This guide will help you with each of these, and will explain how to plan for taxes, keep records, and make and report payments. It will also explain the different kinds of business structures, GST/HST, excise taxes …

Nov 7, 2012 – But adopting some good habits early can help you avoid costly errors when it comes to record keeping. You probably keep a lot of the financial … It can also help you to stay out of trouble with the Canada Revenue Agency. Here are our five tips for small business bookkeeping. 1. Plan for Major Expenses.

The foundation of solid business record keeping is learning to track your expenses effectively. It's a crucial step that allows you to monitor the growth of your business, build financial statements, keep track of deductible expenses, prepare tax returns, and support what you report on your tax return. Right from the beginning, …