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.
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Top Five Things To Look For When Hiring An Accounting Firm
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What You Need To Know Before Choosing A Career In Accounting
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.
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TFSA Investors: Beware This Huge CRA Tax Bomb
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Andrew Button
Original Article Posted on: May 18, 2021
Link to Original Article: https://www.fool.ca/2021/05/18/tfsa-investors-beware-this-huge-cra-tax-bomb/
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The CRA gives a chilling assessment on accidental TFSA overcontributions
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Jamie Golombek
Original Article Posted on: June 17, 2021
Link to Original Article: https://financialpost.com/personal-finance/taxes/the-cra-gives-a-chilling-assessment-on-accidental-tfsa-overcontributions
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Death, taxes and your RRSP: What you need to know to minimize the tax hit to your estate
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Jamie Golombek
Original Article Posted on: May 14, 2021
Link to Original Article: https://financialpost.com/personal-finance/taxes/death-taxes-and-your-rrsp-what-you-need-to-know-to-minimize-the-tax-hit-to-your-estate
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Busted! Don’t Believe This Accounting Myth!
Managing your company’s money and examining its financial condition is a vital part of running a business. With your finances accurately recorded, you know exactly what your income and expenses are. However, though you may be an expert in your line of work and can handle most of your operations and administrative tasks on your own, accounting can be trickier to manage.
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Canada Revenue Agency: Is the CRB Extension Coming in June?
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/
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Government to reimburse self-employed workers who repaid CERB
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/
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Why You Should Choose Real Balance Accounting Services Ltd.!
As a small business owner, your main aim would be setting up your business’s position to dominate the current market with a product or service that customers need. However, as you concentrate on building your company, you may find that the administrative aspects of your firm, like accounting, become time-consuming. When such a situation arises, you must hire an accounting firm to ensure all your financial activities are appropriately managed and documented. These professionals will also offer various accounting advantages, suitable solutions for your business, and free you from all your financial hassles, provided you choose a firm that matches your expectations. You need to go through reviews you find online and speak to people who’ve worked with them.
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8 things often overlooked when launching a small business
Original Article Source Credits: CPA CANADA , https://www.cpacanada.ca/
Article Written By: MICHELLE SINGERMAN
Original Article Posted on: 5.17.2021
Link to Original Article: https://www.cpacanada.ca/en/news/canada/2021-05-17-small-biz-setup
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How This New Trend In Accounting Could Help You
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.
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CRA says rare error in some tax slips lists repaid CERB as taxable
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Canadian Press
Original Article Posted on: March 2, 2021
Link to Original Article: https://www.advisor.ca/news/economic/cra-says-rare-error-in-some-tax-slips-lists-repaid-cerb-as-taxable/
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New GST/HST rules for digital sales: What you should know
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
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How Real Balance Accounting Services Ltd. Helped A Client With Unfiled Tax Returns For The Last Decade
As experienced accountants and bookkeepers in Richmond, BC, at Real Balance Accounting Services Ltd., we help small business entrepreneurs focus on growth while we run their back-end accounting and administrative tasks smoothly.
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Why DIY Bookkeeping Is A Bad Idea
Right now, DIY activities are all the rage as they offer a sense of accomplishment and great savings. People are making all kinds of home décor, skin care products, and even performing services themselves, which they would normally pay for. However, as the DIY trend continues to grow, many individuals feel that they can do just about anything on their own.
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CRA: 3 TFSA Mistakes to Avoid With Your New $75,500 Limit
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Christopher Liew, CFA
Original Article Posted on: January 12, 2021
Link to Original Article: https://www.fool.ca/2021/01/12/cra-3-tfsa-mistakes-to-avoid-with-your-new-75500-limit/
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CRA $13,000 CRB: No Canadian Left Behind in 2021!
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Christopher Liew, CFA
Original Article Posted on: January 13, 2021
Link to Original Article: https://www.fool.ca/2021/01/13/cra-13000-crb-no-canadian-left-behind-in-2021/
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Three Ways To Overcome The Challenges of Starting A New Business
Establishing a business, even a small one, involves several requirements like registering the company, opening new bank accounts and credit cards, managing payroll and contractors, etc. In addition to this, you need to set up operational and administrative systems for success, separate your personal funds from business money, and obtain CRA-WCB-PST requirements.
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Canada Revenue Agency: How to Reduce Your Tax Bill by $2,420 in 2021
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
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Tax options for pandemic spending
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/
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