article thumbnail

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

Ronika Khanna CPA,CA

The good news is that it is quite easy to file the return online and, in most cases, probably saves you time since you don’t have to put it in an envelope, affix a stamp and take a walk to a mailbox. 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

Business Budgeting Software Guide: Budgeting Software for Small to Enterprise Business

Snyder

A budget is a tool that gives business owners more control over their finances, allowing them to track and compare anticipated against actual expenses and revenue and make more informed and timely decisions on handling their cash flow balances more efficiently. to forming a budget.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Best business banks of 2023

xendoo

Pros Cons Physical locations in over 40 states High monthly fees and other costs You can open an account online No free checking accounts 2. Chase Best for: Companies of all sizes that want a wide range of business and personal financial services (checking, savings, financing, mortgage, etc.)

article thumbnail

How To Find The Right Online Accountant For Your Business

xendoo

Every small business owner should have access to an accountant. A small business accountant can provide guidance at every stage of your company’s development, and they can be invaluable when it comes to tax preparation, succession planning, and more.

article thumbnail

Xendoo vs. Bench: Comparing Online Bookkeeping Services for Small Business Owners

xendoo

For this example, we are going to assume that you have decided to purchase $2,000 worth of inventory for your business. This purchase is going to be made with cash out of the business account. . The debit is going to be placed in the inventory account because it is being increased (you have added to your inventory).

article thumbnail

New Update: Tax Refund Delays Due to Fraud!

LyfeAccounting

In many cases, you will be given the option to verify your identity online at irs.gov using Secure Access. But once you do, you’ll be able to access your IRS account online and perform different activities like verifying your identity with them. You would use the information on this form to include on your tax return.

Tax 52
article thumbnail

Frequently Asked Questions About GST/HST By Business Owners

Ronika Khanna CPA,CA

Registering your business for GST/HST (which automatically happens at the same time) can be done online, by filling in a form and mailing or faxing it in or by phone. See here for additional information. Annual filing is recommended if your business is small and you do your accounting irregularly.