If you have a small business, you may have considered hiring accounting and bookkeeping services. You may use the two terms interchangeably. Maybe you even wonder half-seriously if an accountant is just an expensive bookkeeper. So, what exactly is the difference between bookkeeping and accounting? Read the article to learn more.
In Canada, it is best to file your tax as and when due, as failure to comply usually attracts some consequences. You can leverage certain tax benefits and claims to save some money when filing in the 2022 tax season in Canada.
Canada operates a unique tax system. The entire system may be confusing for new business owners. We’ve distinguished between federal and provincial taxes to aid easy understanding and tax-compliant operations.