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We attempt to assist our readers by simplifying some of the complex income tax issues in Canada. Occasionally, we answer the general tax questions as well that can help a broader readership of our blog section.
INSIGHTS
Cost of in-house Accounting
Businesses have been outsourcing their business processes that do not add direct value to their end customer experience – non-value-added activities – for many years. The most common outsourced business processes are legal, marketing, human
Outsourcing Accounting: When & Why?
Outsourcing is not a newer concept! Businesses outsource their functions and processes for multiple reasons – to lower costs, increase efficiency, access to expert and specialized solutions and to focus more on core business processes
FATCA Summarized
The Foreign Account Tax Compliance Act (FATCA) The objective of FATCA is to prevent offshore tax evasion by persons and entities and it focuses on identifying the accounts held by US persons and entities. No
Information Systems – Small Businesses need to stop overinvesting!
In recent years, all of us have seen how technology has revolutionized the world; a tremendous level of efficiency and effectiveness is achieved in performance along with a dramatic increase in accuracy and reliability of
Cloud Accounting
What is Cloud Accounting? Although the majority of the medium to large enterprises are still using traditional accounting software and packages, hosted locally; there are a whole lot of small and medium businesses that are