Blog by Acton Accounting & Bookkeeping Inc.
Read our blog to know about the various trends in the accounting & bookkeeping world!
The New Universal Child Care Benefit (UCCB) and RESP
Under the proposed enhancements to the UCCB, families would receive almost $2,000 ($1,920) per year for each child under 6 and $720 per year for each child aged 6 through 17. The new benefit amounts would be retroactive to January 1, 2015 and be reflected in monthly...
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Outsourcing your Bookkeeping
Small business owners and professionals are discovering that outsourcing your bookkeeping saves payroll, overhead cost and it’s a giant step in freeing up valuable time. For many owners,just the effort of hiring, training and managing a bookkeeper can take as...
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Should I Outsource my Accounting and Bookkeeping?
The entire accounting function of your business can be outsourced. We can perform all transaction processing, accounting, cheque preparation, payroll, and filing off-site. Here is how it works: we are provided vendor invoices, deposit reports, government forms, and...
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Easy-To-Do Bookkeeping Tips for Small Business Owners
Doing a bookkeeping task may not be the most exciting role that you do in your business, but it is one of the many important components that makes your business successful. Whether you hire someone else to do it for you or you do it on your own, the Canada Business...
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Nanny Taxes in Canada
When tax time comes around each year, Canadian nannies often find themselves in a confusing situation. The CRA may classify nannies as employees, but many times, the hiring family will advise their nannies that they are independent contractors, which relieves them of...
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Tax Tips for Couples Getting Divorced in Canada
Many Canadians know or have experienced at some point in time a divorce or separation that has affected them in some shape or form. When a couple decides to divorce or separate, it is a difficult enough decision without considering the tax implications. If you’re...
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