GST/HST Rate by Province in Canada

If you are registered for GST/HST purposes you need t...

Cost analysis and cost components

Cost analysis is one of the most essential accounting...

Payroll Taxes in the United States, what are the employer’s obligations?

When hiring an employee in the USA, employers have several legal obligations that they must fulfill.

What are the leading bookkeeping software we have in Canada?

We have looked into various accounting software. Some of them we are regularly using, while some of them we have just visited to understand...

Tax deductible business expenses (Canadian perspective).

These are the most common expenses that you can write off in your business to reduce your taxable income however, some limitations may apply.

A handy list of 39 Tax Deductible Expenses

39 tax deductible most common expense that you can think of writing off in your business to reduce your taxable income.
You can not ...

Sales Tax (GST/HST) Reasonability Test

It is very important that you claim all the input tax credits (GST/HST paid on purchases and expenses) for
the period for which either yo...

Bookkeeping for a Dentist Business

Bookkeeping for a dentist’s business involves keeping accurate records of financial transactions, including income and e...