Accounting Blog Articles
- Feb 03, 2022
- KB Accounting
How Outsourcing Payroll Services Can Save Your Business from Making Errors
The holidays recently passed and one of the most common errors I see around this time of year are taxable benefits not being properly recorded for payroll. At first, it may seem like an innocent mistake. But — the ripple effect can be. . .
- Jan 21, 2021
- KB Accounting
How Using KB Accounting Services Inc.’s Bookkeeping Services for Small Businesses Can Bolster Your Businesses This Year
Sound bookkeeping records are crucial for any small business owner. The Canada Revenue Agency (CRA) recently shifted gears and is focused on supporting documentation and line audits. Would your business be able to withstand an audit from CRA? Keep. . .
- Nov 27, 2020
- KB Accounting
How to Distinguish the Difference Between a Subcontractor and Employee and Why It Matters for Your Small Business Tax Planning Strategy
Are you aware of the difference between subcontractors and employees? Both have different tax implications and will determine how your business prepares for its small business tax planning strategy. Keep reading to ensure you don’t find yourself. . .
- Oct 19, 2020
- KB Accounting
How Using Professional Payroll Services Can be One of Your Businesses Greatest Assets
Did you know that 90% of employers who opt out of professional payroll services and attempt to do it themselves in-house, do it incorrectly? This is due to a lack of understanding the difference between taxable and non-taxable benefits. To help. . .
- Feb 25, 2020
- KB Accounting
Small Business Accounting 101: The Short and Sweet on Allowable Business Expenses in Canada
Self-employment is on the rise in Canada. In 2018, 2. 9 million Canadians were classified as self-employed. That number is continuing to grow across the country. KB Accounting Services Inc. recognizes the value of equipping self-employed individuals. . .
- Jan 19, 2020
- KB Accounting
How Smart Income Tax Preparation in Canada Can Save a Commissioned Employee Money at Tax Time
It is a smart practice to take control of your income tax preparation in Canada as a commissioned employee. Proper preparation can help commissioned employees save money by making informed decisions in regards to business-related expenses. . . .
- Nov 18, 2019
- KB Accounting
KB Accounting Services Inc. Named Top Accounting Firm in Regina
ThreeBest Rated® (TBR®) is a platform set-out to honour and support local businesses that are making waves in their community. (TBR® Canada) was created with a simple goal to help its 3 million customers find the top three local best businesses. . .
- Nov 05, 2019
- KB Accounting
Everything You Need to Know About Motor Vehicles if You Are Self-Employed and Filing Taxes in Canada
Self-employment has the benefit of being able to leverage many day-to-day business expenses when filing taxes in Canada. One of these expenses being motor vehicle expenses. I have discovered that far too often at the time of inception of a new. . .
- Oct 12, 2019
- KB Accounting
Small Business Tax Planning — Should I Stay a Sole Proprietor or Incorporate?
Most small businesses start out as sole proprietors. When sole proprietors net income begins to near the $80K mark, I highly recommend businesses look at adjusting their current business structure and incorporating. It is important to understand the. . .
- Dec 14, 2017
- KB Accounting
The Importance Of Accounting To Your Small Business
If you’re running a business your bottom line is important to you. Accounting deals with everything related to your finances, so being careful with your accounting is important to your bottom line. But how does everything fit. . .
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