When we look at accountants, we usually look for an individual to assist with getting our books in place or working on filing the correct amount in taxes at the end of the year. Most people are not accounts savvy enough to work on the process, and they should get someone to assist with the process to make sure there are no issues with everything working smoothly.

If you enjoy working with numbers and helping people strategize, a career in accounting is an excellent fit for you. That said, this industry is usually intense but gives you the flexibility to stay small or grow big, depending on your lifestyle and preference. In addition to this, there are several benefits to a profession in accounting that you’re guaranteed to enjoy! However, before you decide to become an accountant, the experts at Real Balance Accounting Services Ltd. suggest that you get to know the prerequisites of this occupation. To help you with this, we have explained in this blog what you need to know before choosing a career in accounting.

Original Article Source Credits: The Motley Fool, https://www.fool.ca/

Article Written By: Puja Tayal 

Original Article Posted on: 31st May 2021

Link to Original Article: https://www.fool.ca/2021/05/31/canada-revenue-agency-is-the-crb-extension-coming-in-june/

Original Article Source Credits: Advisor's Edge, https://www.advisor.ca/

Article Written By: NA

Original Article Posted on: 27th May 2021

Link to Original Article: https://www.advisor.ca/tax/tax-news/government-to-reimburse-self-employed-workers-who-repaid-cerb/

Due to the pandemic, many enterprises are using online tools to transform their processes which is enhancing communication and operations. Another area where virtual technology has played a favorable role after the outbreak of COVID-19 is accounting.

Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Puja Tayal

Original Article Posted on:   March 5, 2021 

Link to Original Article:  https://www.fool.ca/2021/03/05/attention-canadians-the-cra-increased-13000-crb-to-19000/

Original Article Source Credits:   CPA Canada, https://www.cpacanada.ca/

Article Written By:  Bruce Ball

Original Article Posted on:  February 25, 2021

Link to Original Article:  https://www.cpacanada.ca/en/business-and-accounting-resources/taxation/blog/2021/february/gst-hst-proposals-for-digital-sales

Original Article Source Credits: Yahoo! Finance, https://ca.finance.yahoo.com/

Article Written By: Aditya Raghunath

Original Article Posted on: 4th December 2020

Link to Original Article: https://ca.finance.yahoo.com/news/canada-revenue-agency-reduce-tax-183018817.html

Original Article Source Credits: Advisor's Edge, https://www.advisor.ca/

Article Written By: Mark Burgess

Original Article Posted on: 8th December 2020

Link to Original Article: https://www.advisor.ca/tax/tax-news/tax-options-for-pandemic-spending/

Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Rudy Mezzetta

Original Article Posted on:  September 16, 2020

Link to Original Article:  https://www.advisor.ca/tax/tax-news/cra-says-u-s-covid-19-payments-not-taxable-in-canada/

Original Article Source Credits:    Intuit and QuickBooks , https://quickbooks.intuit.com/

Article Written By:  QuickBooks Canada Team

Original Article Posted on:  NA

Link to Original Article:  https://quickbooks.intuit.com/ca/resources/apps/best-accounting-software/

Original Article Source Credits:   The Balance Small Business  , https://www.thebalancesmb.com/

Article Written By:   SUSAN WARD

Original Article Posted on:  September 15, 2020

Link to Original Article:  https://www.thebalancesmb.com/what-are-the-penalties-for-filing-a-late-gst-hst-return-2948160

For most business owners, maintaining financial records and preparing accounts and taxes is one of the top priorities. However, with no grounding in accounting and bookkeeping, many of them find it difficult to efficiently manage their accounts. This prompts them to overlook the little things and commit mistakes that can have a huge impact on their business. 

While building a business from scratch can be exciting and rewarding, there are several challenges and complexities involved in the process of starting a new business. Careful planning and exceptional execution are imperative to avoid these problems and ensure the growth of your business. 

People usually receive direct phone calls and emails from the Canada Revenue Agency (CRA) when there are issues with their tax declaration or incase the CRA finds discrepancies in their income and tax statements. This tends to entail punitive action, which often causes fear and stress.

Balancing the books and taking care of the accounting needs of a business is not everyone’s cup of tea. Moreover, with the ever-changing guidelines and regulations, it can be difficult for a layperson to stay on top of the rules of accounting and manage the financial aspect of their business in an optimal manner. Therefore, it’s best to hire a professional bookkeeper and accountant to look after the finances of your business.

As a firm offering top of the line bookkeeping and accounting services in Richmond, BC, at Real Balance Accounting Services Ltd., we’re running a special discount on our services to help existing and new clients save a few dollars. 

Accounting and bookkeeping are integral parts of a successful business as they are linked to every financial aspect of your business. For this reason, how your books are prepared and maintained can significantly impact your business operations and your taxes. If you have an experienced accountant on your side, you can conveniently draw up your financial figures to meet the guidelines of the government. At the same time, your accountant will help you manage your funds and adequately structure your financial moves for higher chances of success.

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