Category Archive

WINNIPEG, Manitoba:  Compass Accounting, located in central Winnipeg at 605 Erin St., is proud to save its clients money by helping them understand and maximize their tax deductions.  The professional accounting firm is aware that one of the main reasons clients turn to it is because it can help companies free up cash for future reinvestment.  One important strategy?  Taking … Read More

Graphic designers, web designers, and other creative individuals face unique challenges when it comes to filing their taxes. While many people only enlist the help of a professional accountant at the end of the year when taxes are due, you might be able to benefit from receiving the advice of an expert all year round. They can help you analyze … Read More

Remote work positions are the new trend among many small businesses. Since more people than ever before are working from home, it makes sense that your business might want to expand its borders to take advantage of international talent. Whether you’re located in the United States and want to hire a Canadian employee or vice-versa, there are a few differences … Read More

Understanding your books and coming up with comprehensive financial documents can be a real challenge. One of the areas where business owners are often confused pertains to recognizing their revenue. When do you add the funds to your account and financial picture? Is it when you receive the money or when the goods are delivered?    If you find yourself … Read More

Accounting is a necessary part of any business, but some industries will find that it’s even more complex than they’d initially thought. SaaS businesses will need to consider whether it’s worth the time and money to hire in-house accounting staff or whether they want to outsource this service.    Outsourcing your accounting can be highly beneficial for many reasons, from … Read More

Processing payroll is a necessary part of managing your own business, but there are ways that you can make this routine chore a bit more bearable. One way that many companies choose to go about simplifying the process is by enrolling in direct deposit payroll. This method of paying employees can save your business both time and money, as well … Read More

WINNIPEG, MB: Compass Accounting CPA Ltd., a Winnipeg accounting and tax preparation firm, is offering assistance to those who receive Canada Revenue Agency (CRA) reviews.  Every year, millions of Canadians receive notice that their tax return is being reviewed by the CRA. In 2022, there has been a significant increase in the number of CRA reviews and audits. This is … Read More

You want your managed IT services business to grow and thrive well into the future. Chances are that you spend a lot of time thinking about how you can improve your bottom line. Keeping good track of your books can give you better insight into the health of your company. It also shows areas for improvement and potential growth.   … Read More

Most business owners come up against a difficult accounting question at some point in their early days. Tech businesses are no different than those found in other industries, but their need for a specific type of accounting is significantly different. They will need the assistance of accountants who are experienced in this industry.    What must be different about their … Read More

Your consulting business has been around for a while, but maybe you feel like there are some new ways to improve efficiency and boost your bottom line. Accounting is one area where many business owners don’t feel equipped to make changes to their business. However, it’s also where the opportunity for the most growth exists.   Fortunately, some of the … Read More