Micro businesses with 1 to 3 employees including oilfield consultants, welders, mechanical, independent truckers, construction and renovations contractors, other small service and retail business.
Small businesses with 3 to 10 employees including oilfield consulting firms, trucking companies, construction and renovations businesses, service mining companies and other small service and retail outlets.
Not sure what your bookkeeping needs are? A few recommendations...
Monthly record keeping - recommended for the micro and small business with a higher than average volume of financial transactions.
Quarterly record keeping - recommended for the micro or small business that have a quarterly GST/HST filing requirement with an average volume of financial transactions.
Annual record keeping - recommended for the micro business that have an annual GST/HST filing requirement with a lower volume of financial transactions.
Other record keeping - Weekly, Bi-weekly record keeping - Recommended for the micro and small business with a high volume of financial transactions.
Year End Reporting - Federal and provincial authorities require businesses to submit annual tax returns to report their company's earnings and depending on what type of business entity you have determines which forms need to be submitted.
There are 4 types of entities; corporation, partnership, proprietorship and cooperatives.
And More... If you still prefer to have an accountant prepare these for you we can work with them and provide a seamless year end package for your accountant. We can save your accountant time by reviewing your file prior to submitting to make sure everything is in order. We feel that saving your accountant time should be reflected on their invoice to you.
