What Is A TFSA?

piggy bank and money showing you need to save

A TFSA is a Tax-Free Savings Account. The Tax-Free Savings Account differs from most methods of saving money in a way that you can probably guess at – it’s tax-free! That means contributions to the account are tax-free. What’s more? Withdrawals from the account are also tax free. In this way, TFSAs differ substantially from other types of investments like … Read More

Why Clients Need Detailed Records Come Tax Time

calculator needs to be used when figuring out your finances

  Accounting and bookkeeping are intimately linked and bookkeeping is the art of keeping detailed records. Dedicating resources to proper bookkeeping is essential to understanding one of the core elements of your business: how much money is coming in and how much money is going out. That should establish that it’s important to keep detailed records at all times, but … Read More

When Should An Employee Be A Contractor?

employee of a business

Whether you’re just starting your first business or you’re operating a giant multinational company, keeping costs down is important. Payroll is one of the biggest expenses for any business, so it makes sense to constantly evaluate who you’re employing, what you’re paying them, and what kinds of benefits you’re offering. You’ll also want to look at the cost of hiring … Read More

What To Know When Automating Client Processes

human hand and robot hand

Advances in information technology have created a surge of automation in recent years and the trend shows no signs of slowing. From self-driving cars to self-checkouts, automation is changing the way we live and work. There are a lot of advantages to automation but there are certain things you should keep in mind when you’re automating client processes. There’s an … Read More