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How to File T4s using Quickbooks Desktop

Ronika Khanna CPA,CA

The Canada Revenue Agency (CRA) encourages businesses to file the T4s electronically and it should be noted that e-filing is mandatory for employers with more than 50 employees. Quickbooks automatically generates an efile number and asks for a transmitter number. Planning to transition to QuickBooks Online?

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Maximizing Profits and Minimizing Stress with QuickBooks for Web Design Business

Steve Feinberg

From invoicing to income tracking, bookkeeping, and tax preparation, the financial aspects of running a web design business can be time-consuming and complicated, even for the most organized business owners. Simplifying Expense Tracking and Budgeting QuickBooks also simplifies expense tracking and budgeting.

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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 countless businesses, this change has sent shockwaves through their operations.

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

Ronika Khanna CPA,CA

If you use accounting software such as QuickBooks Online, you can simply find the report there. My video below explains how to do this in QuickBooks Online: If you use another accounting software that is geared towards Canadians, there will likely be a sales tax report. And that’s it!

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4 Accounting Transactions that Use Journal Entries and How to Enter them in QBO

Ronika Khanna CPA,CA

Accounting software has come a long way in the past few years. Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax.

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How Long Does It Take an Accountant to Do Taxes?

xendoo

In addition to considering how much an accountant costs , you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself. How do you know when to bring in a tax professional? How Much Time Does it Take an Accountant to Prepare Taxes? Tax Accounting Software.

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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. Accounting Software. There are many choices for accounting software.

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