article thumbnail

How to File Your GST/HST Return Using CRA My Business Account

Ronika Khanna CPA,CA

There are essentially two ways to file your GST/HST online: CRA My Business Account Online Business Banking In this post, I will be reviewing how to do it via CRA My Business Account. If you have more complex transactions, that I don’t discuss here and you are not sure, I recommend speaking to an accountant.

article thumbnail

The Best Online Accounting Software for Small Businesses

xendoo

Thankfully in 2021, there are many affordable online accounting software options available for small business accounting. . What does online accounting software do? Most modern accounting software platforms, such as Quickbooks Online or Xero, are always connected to the internet.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How a Point-of-Sale System Can Help on Small Business Taxes

CPA Practice

But, every year, these businesses must also prove that they’ve kept track of sales and are correctly reporting their earnings. Enter the small business accountant. For accountants, disparate data creates additional headaches and obstacles when working to collect information.

Sales 101
article thumbnail

Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

By providing a combination of tax planning, bookkeeping, and financial guidance, they empower small businesses to thrive, focusing their energy on what they do best – innovation, growth, and serving their customers. Get business tax & bookkeeping help by contacting us today!

Tax 130
article thumbnail

What to Look for in an Accountant

MazumaBusinessAccounting

Follow these tips and get your small business accounting in order with the right accountant! Overview: What Does a Small Business Accountant Do? With all the help accountants can provide, it’s no wonder why accountants are a business owner’s best friend.

Account 52
article thumbnail

How Do You Record Ecommerce Sales in Accounting?

xendoo

If you are just starting your ecommerce business, then there are key items you’ll need to set up first, including: A business tax ID number. A business bank account and credit card. Accounting software. Your business will have a company name rather than your own. Accounting Software.

Sales 105
article thumbnail

How to Keep Track of Business Expenses: Setting Up a System to Save Time at Tax Season

inDinero Tax Tips

In this case, “ordinary” means an expense that is common in your industry, while a necessary expense is one that you need to run and grow your business effectively. Benefits of Tracking Business Expenses Effectively tracking expenses offers several significant benefits that can impact the overall success of a business.