GET ONLINE
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Assets & Equity Accounting can get you discounted pricing for QuickBooks Online or any QuickBooks Online compatible apps such as:
Give your customers a new way to pay their bill.
Through QuickBooks Online send invoices with a Pay Now button so it’s convenient for customers to pay by credit card or Apple Pay right from the invoice.
Through QuickBooks Online you can take pictures right from your phone and download you receipts and bills right to your QuickBooks Online business account.
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Dext Prepare (app) – No more data entry. Our automatic OCR technology reads your receipts and invoices with the highest accuracy of any cloud app. No more lost receipts. Snap receipts with our handy mobile app the moment you get it, and then just throw the paper away. You can even forward digital invoices to a bespoke email address. Secure Cloud Storage. There’s no need to hang on to receipts. We store fully compliant images of your paperwork securely online, so you can find what you need instantly.
- QuickBooks Bill Pay – When it comes to paying their business bills, the two main concerns for business owners are keeping their cash flow under control and minimizing the time they waste in the process,” said Matan Bar, CEO of Melio. “That’s why we are excited to introduce Bill Pay for QuickBooks users. Bill Pay helps small businesses save time and money by enabling them to schedule their payments online straight from their QuickBooks screen. It can be used for virtually any business bill, including rent, merchandise, utility bills, taxes and because they can make sure the vendor gets paid right on time, not a day sooner, it means they keep their cash longer and improve their cash flow.”
- QuickBooks Time – Work can happen anywhere. You need an employee time tracking app that can keep up. The QuickBooks Time mobile app tracks time even when Wi-Fi and cell coverage is unavailable.**
- Track, submit, and approve time directly from the app.
- Attach photos to timesheets for an added layer of reporting.
- Manage multiple timesheets at once with the Crew app.
- View employee locations from the Who’s Working window.
- All of the QuickBooks Online products; EasyStart, Essentials and Plus now have Mileage Tracking. As easy as
Step 1:
Open the app on your mobile device, and open the Mileage tab.
Step 2:
Switch the toggle to turn on automatic mileage tracking. You’ll also want to enable location services in your device’s settings.
Step 3:
Categorize all of your trips by swiping LEFT (business) or RIGHT (personal).
WE WILL PREPARE AND REVIEW YOUR YEAR END FINANCIAL STATEMENTS AND SUBMIT YOUR T2 INCOME TAX TO THE CRA
SOME TIPS
- All vendors selling goods or services, that are HST applicable, must list their HST number and the amount of tax charged on their invoices
- Advertising/Membership dues/Business License Fees all are a few of the expenses that a Sole Proprietor or Self Employed can deduct
- Your business should have a separate credit card from your personal credit card. You can claim any interest on a Business card as a Business expense
- Your business bank should always be separate from your personal bank account. Any banking charges and fees can be expensed
- If the receipts are for meals, make sure to indicate who was at the dinner and what you discussed. The maximum amount you can claim for food, beverages and entertainment expenses is 50% which includes only 50% on HST.
- Try to mix business with pleasure – A seminar attended or a supplier visited can allow you to write off a portion of your trip.
- A few of the other expenses you can write off; postage/office supplies/telephone/internet/business auto fuel, etc.
CONTACT US FOR CONCISE, ACCURATE TAX PREPARATION – DON’T MISS OUT ON ALL OF THE TAX DEDUCTIONS YOU ARE ELIGIBLE FOR.
http://www.cra-arc.gc.ca – This is the Canada Revenue Agency website if you personally wish to make further inquiries.