-
My business books are a mess, and I am too busy to get them organized!
Businesses have two choices when their business books get so messy – either decide whether it is worth their time to do it themselves or hire professional accountants who will do all the hard work involved. We suggest the latter. Most businesses of all sizes fail to manage their business books, and they do this […]
-
Have you defined your vision for your business and future?
You are a few years into the business, and things are going great! You have a solid team of employees who are helping you expand business operations, giving you more time to focus on sales and business development. Cash flow is good, and everyone in the company is content with where things are at. But […]
-
Why move your bookkeeping to the Cloud?
Cloud accounting takes the headache out of bookkeeping. With cloud software, you can keep your business books online, safely encrypted, which you or your bookkeeper can easily access. This is great for entrepreneurs who do not want the hassle of paper records or are too busy running their company to enter their own expenses into […]
-
6 Reasons You Need a Consultant
As a business owner, you are responsible for making decisions that affect the entire organization. Consultants can help make these difficult decisions easier by providing advice and guidance on topics such as tax law, finance, and accounting. Consultants are knowledgeable about their field of expertise and can provide helpful insight into your company’s growth strategy. […]
-
I worked in Canada and America this year, how do I determine my country of residence?
People who earn income from more than one country often find their taxes complicated by layers of red tape from both countries. Even though the United States and Canada have very friendly economic terms and a historically porous business border, each country still expects earners to fully adhere to their tax expectations. Multi-country taxation paperwork […]
-
The B.C. PST Rebate on Select Machinery and Equipment
Most for-profit businesses in British Columbia qualify for the PST rebate for select machinery and equipment. This PST rebate applies to most machinery, equipment, and durable goods purchased between September 17, 2020 and September 30, 2021. Who can apply for the PST rebate on select machinery? Almost any and every incorporated business that made qualifying […]
-
BOTH SIDES OF THE BORDER: UNDERSTANDING TAX FREE SAVINGS ACCOUNTS (TFSA) FOR U.S. CITIZENS OR GREEN CARD HOLDERS
You have probably heard that TFSAs are great tools for saving money and you would not be wrong. But what happens when you are affected by both sides of the border? Does the United States treat TFSAs the same way Canada does? What happens if you are a Canadian living in the US or are […]
-
Tips and Tricks for Payroll
Hiring staff should be a simple process that is automated and easy. Here are suggestions on how you can handle payroll compliance. Payroll Software and Why As a business owner, you need as much free time as possible to focus on growth. Manually calculating payroll can be time-consuming and prone to error. At Argento CPA, […]
-
Cryptocurrency and Taxes – Pain or Gain?
Cryptocurrency prices have been making a comeback! This means many hodler’s who weathered the last crypto winter may be considering cashing out and are left wondering how their profits will be taxed. Is it business income or capital gain? Tax Treatment of Cryptocurrency for Income Tax Purposes The proceeds you receive from disposing of cryptocurrency […]
-
Get ready to do your 2020 personal income taxes!
Another year has gone whizzing by. As of February 22, 2021 CRA, has opened their servers to accepting e-filing of personal tax returns. It is important for everyone to file their income tax and benefit return on time, since it is necessary to receive benefits and credits you are entitled to. Here is what you […]