A bookkeeping system, such as QuickBooks, is not the entirety of a business’ books and records. Your bookkeeping needs to be supported by appropriate documentation Continue reading
Small Business
KATA Accounting Solutions Professional Corporation specializes in small business, including bookkeeping services and corporate business taxes.
Creating a Beautiful Year-End File – Part 3
In Part 1 of this series, we spoke at length about determining what your business needs, the basic information we’ll need as tax accountants, updating Continue reading
Creating a Beautiful Year-End File – Part 2
In Part 1 of this series, we spoke at length about determining what your business needs, the basic information we’ll need as tax accountants, updating Continue reading
Creating a Beautiful Year-End File – Part 1
What do you Need? The first question when preparing your records for your corporate tax filing is, what do you actually need. Many firms will Continue reading
Responsible Holiday Celebrations
For Businesses Is it a Write-off? Businesses are allowed to hold up to 6 parties per year where the normal Meals and Entertainment deductibility rate Continue reading
A Beginner’s Guide to Using AI for Business Owners
Unlocking Its Potential As a business owner, you always look for ways to streamline operations and boost productivity. Artificial Intelligence (AI) can be a powerful Continue reading
Why CPA and CPB Need to Partner
(For the context of this article, we are focused on small businesses, not large corporations.) What is a CPA Most Canadians have an idea of Continue reading
Transitioning Real Estate
With the release of the 2024 Federal Budget, the Capital Gains Inclusion rate is top of mind for many investors, especially those who invest in Continue reading
Why Short-Term Rental Expenses May Be Denied
Key Items to Watch None of the measures mentioned in the 2023 Fall Economic Statement have received Royal Assent. They are not factual until they Continue reading
How to pay more for bookkeeping services (part two)
Your bookkeeper wants to do an excellent job for you; help them help you! Real bookkeepers understand the bookkeeping cycle and how bookkeeping works. They Continue reading